Special Report: Kin Mining (ASX: KIN) is poised to deliver a substantial resource upgrade at its Bruno-Lewis gold deposit after drilling returned thick, high-grade hits.
The drilling was intended to extend and upgrade the 144,000oz inferred resource at the 311,000oz Bruno-Lewis deposit, one of the cornerstones of the company’s 1.15Moz Cardinia gold project in Western Australia’s North Eastern Goldfields region.
Notable results include:
- 10m grading 10.8 grams per tonne (g/t) gold from a depth of 15m,
- 14m at 6.09g/t gold from 39m and
- 6m at 7.97g/t gold from 26m and 5m at 7.58g/t gold from 59m within the same hole.
That is thick, shallow and high grade (generally considered to be anything above 5g/t).
Drilling also intersected zones of wider, lower grade mineralisation with sporadic higher grades such as 23m at 1.05g/t gold from 52m (including 7m at 2.76g/t gold from 55m) and 12m at 1.18g/t gold from 99m (including 1m at 6.9g/t gold from 109m).
“These results from the northern half of the Bruno-Lewis deposit are some of the best results we have seen from Bruno-Lewis and from the wider Cardinia area,” managing director Andrew Munckton said.
“While we knew that the north-east dipping lodes that we targeted with this drilling were the source of wide zones of generally lower grade mineralisation further south at Lewis, the intersection of broad high-grade zones at the Bruno end of the deposit, across a substantial strike length, is an extremely pleasing outcome and reflective of the excellent work carried out by the geological team.”
An updated resource for Bruno-Lewis incorporating all the 2020 drilling data is on schedule for completion in the March 2021 quarter.
Kin has a number of exploration targets at Cardinia to test this year that have similar geology, alteration and mineralisation indicators to those tested during 2020 in the Phase 3 program.
“The high-grade results delivered from the recent Bruno-Lewis drilling campaign provide further evidence that the Cardinia area is a major mineralised gold camp, similar in scale and style to other multi-million ounce gold camps along the Keith-Kilkenny Shear Zone that have supported other gold operations for many years,” Munckton said.
Cardinia gold project
Cardinia covers more than 45km of strike across the under-explored Minerie Greenstone Belt, part of a region which has yielded multiple gold deposits in recent decades.
It has a current resource of 28.2 million tonnes grading 1.27g/t for 1.15 million oz of contained gold.
Besides the success of the Bruno-Lewis drilling, previous drilling at the Cardinia Hill and Hobby deposits have also delivered thick, high-grade hits of up to 21m at 6.62g/t gold and 5m at 27.7g/t gold respectively.
It has also enhanced its understanding of mineralisation at East Lynne, an emerging greenfields discovery at Cardinia, with exploration this year to focus on the potential for a series of smaller, adjacent, high-grade deposits rather than a single large deposit.
This article was developed in collaboration with Kin Mining, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.