The multi-stage program will comprise approximately 9,000m of reverse circulation drilling across 60 holes at six target areas within the highly-prospective Eastern Corridor.
Kin’s Eastern Corridor contains multiple untested faults and structures, which have been mapped at surface and are marked by an extensive soil geochemical signature.
It also has a complex of interconnected structural positions which are favourable to quartz-sulphide lode formation and high-grade gold mineralisation.
Targets to be tested include the gap between the Helens and Rangoon deposits on the Helens-Rangoon Fault; high-grade shoots at Helens East; the northern extensions of Rangoon; and the new Mystery Fault target located between the Helens East and Cardinia Hill Faults.
Kin will also work to determine the relationship between the Eastern Corridor and Helens-Rangoon, Helens East and Cardinia Hill Faults.
Managing director Andrew Munckton said the company was well positioned to conduct a successful exploration campaign at Cardinia.
“Building on the exciting results generated towards the end of last year, we see considerable untested opportunity across the broader project, with the highly-prospective Eastern Corridor displaying the hallmarks of a major mineralised area where we have only just scratched the surface,” he said.
“We have also confirmed the presence of other mineralised zones in the area, which present compelling opportunities for new discoveries. .. we believe the Eastern Corridor is a significant gold mineralised system which is yet to reveal its best deposits.”
Mineralisation within the Eastern Corridor is situated within a 2km-wide north-to-south striking zone containing a number of distinct structures which pass through the area, cross-cutting stratigraphy and typically hosting high-grade gold-pyrite mineralisation.
Previously-reported intercepts include 32m at 2.98 grams per tonne gold from 129m, including 12m at 5.62g/t from 129m; 15m at 3.03g/t gold from 162m; 7m at 24.7g/t gold from 107m; 2m at 24g/t gold from 204m; 7m at 21.3g/t gold from 91m; and 21m at 6.62g/t gold from 37m.
The contained gold is characterised by carbonate-sericite rich alteration zones with quartz veining, pyrite and a distinctive suite of pathfinder elements concentrated along the faults and at the contacts of strongly altered mafic and felsic rocks.
High-grade mineralisation has been delineated at five deposits within the Eastern Corridor to date (Helens, Rangoon, Cardinia Hill, Fiona and East Lynne), which collectively host more than 320,000 ounces of generally-shallow open pit material.
These deposits are believed to represent the near-surface expression of an extensive, high-grade mineralised system extending over a significant area on the eastern side of the Cardinia project.
