Announcement Date: 2022-05-25
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Kin Mining NL
Project name: Cardinia
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 2m @ 12.2g/t Au from 45m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Kin Mining NL (ASX: KIN or “the Company”) is pleased to advise that initial wide-spaced Reverse Circulation (RC) drilling has confirmed a new gold discovery at the Pegasus prospect, located adjacent to the 374,000oz Bruno-Lewis deposit at its 100%-owned 1.28Moz Cardinia Gold Project (CGP) near Leonora in Western Australia. The Company has received assay results from RC drilling conducted earlier this year below significant shallow air-core results reported in February (see ASX Announcement 14 February 2022). Final results include narrow, high-grade intercepts such as 2m at 12.2g/t Au from 45m in PG22RC413 and 2m at 5.04g/t Au from 22m and 1m at 17.1g/t Au from 31m in PG22RC418, together with other significant results located on the southern extent of the Pegasus Gravity Target. The new assay results support and reinforce the initial results reported on 14 February 2022 and 10 March 2022, confirming a significant new zone of shallow, high-grade gold mineralisation at Pegasus that represents an outstanding target for follow-up exploration. The results reinforce Kin Mining’s view that gravity lows highlighted in the recently completed detailed geophysical survey over the greater Cardinia area represent priority exploration targets for new discoveries for the Company’s exploration team.
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