Reverse circulation drilling of 12 holes along the Helens-Rangoon Fault extended north from the 75,000 ounce Helens mineral resource and intersected a zone of vein-style quartz-sulphide mineralisation over a strike length of approximately 600 metres.
The Helens-Rangoon Fault corridor contains several mineralised positions and forms part of the Eastern Corridor series of deposits at Cardinia.
Latest assays from drilling at the Helens-Rangoon Fault target returned 10m at 2g/t gold from 58m, 5m at 3.84g/t gold from 54m, and 5m at 3.34g/t gold from 4m.
The Eastern Corridor has been a major focus of Kin’s exploration activities over the past 18 months given its demonstrated potential to host higher-grade mineralisation.
Drill results from this area are believed to have reinforced the company’s view that the Helens-Rangoon Fault, Helens East Fault, Cardinia Hill and Mystery Fault are interlinked parts of a larger mineralised system at the Eastern Corridor, which is generally higher grade than other Cardinia deposits.
Kin said the relationship of Mystery Fault to Helens-Rangoon and Helens East remains to be determined, however it is clear that the corridor contains a complex of interconnected structural positions which are favourable to quartz-sulphide lode formation and high-grade gold mineralisation.
Once all results are received, the company plans to review and update the mineral resource estimate for Cardinia.
Managing director Andrew Munckton said the latest drilling results have reinforced the significant growth potential at Cardinia.
“These assays build on strong results reported earlier this year and show that there is an exciting new exploration opportunity based on a high-grade lode style of mineralisation at Cardinia, located below and along strike to some of our existing shallow deposits,” he said.
“Our drilling has clearly demonstrated that the Helens-Rangoon Fault is a significant structure, hosting multiple shoots of high-grade gold mineralisation over a strike length of approximately 3km and extending beyond 200m below surface.”
He said the presence and continuity of high-grade mineralised zones opens up an important new avenue for Kin’s exploration team to target high-grade discoveries within the Eastern Corridor which complement shallower, bulk-style resources which the company has already defined.
