Gold: Kin’s Comedy King brings cheer with high-grade gold hits
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Kin Mining (ASX:KIN) is having a good laugh after drilling at the Comedy King prospect at the Cardinia gold project near Leonora, Western Australia, intersected high-grade gold.
This includes a top hit of 8m at 21.9 grams per tonne (g/t) gold from just 8m within a broader zone of 12m at 14.9g/t gold just 4m from surface.
Other notable results include 4m at 9.3g/t gold from 20m to the end of hole, 8m at 3g/t gold from 8m and 20m at 2.3g/t gold from surface.
Anything above 5g/t is generally considered high grade.
Drilling at the Snowden Well prospect to the northeast returned narrow ore grade results of 1m at 3.93g/t gold from 38m and 3m at 1.7g/t gold from 39m.
Further results from the Lewis West and Lewis East prospects are expected by mid-to-late February.
All targets drilled are located within 5km of the proposed Cardinia processing plant site.
“The 2019 aircore drilling program completed in December has been a particularly successful campaign which has confirmed our belief that the Cardinia area holds substantial zones of high-grade mineralisation in addition to the mineral resources that have previously been defined,” managing director Andrew Munckton said.
“These latest results confirm the presence of high-grade, epithermal vein style mineralisation within broader zones of lower grade mineralisation and alteration at Comedy King.”
Cardinia currently has a reserve of 7.9 million tonnes grading 1.1g/t gold for 283,000 contained ounces within a resource of 18.2 million tonnes at 1.4g/t gold, or 841,000 contained ounces.
Meanwhile, African Gold (ASX:A1G) has reported significant gold intercepts in all 16 holes of a recently completed maiden drill program over the Kirchon and Grand Filon prospects within its Sitakili permit in West Mali.
Notable results include 9m at 5.17g/t gold from 54m and 6m at 5.8g/t gold from 126m.
The company noted that mineralisation is open in all directions and at depth.
Follow up drilling at Sitakili is expected to commence in the coming quarter.
African Gold is also carrying out a maiden shallow reconnaissance drilling program at the nearby Bourdala, BouBou and Tintinba-Nord permits with results anticipated over the coming weeks.