Kin Mining NL reported new drilling results from the Eastern Corridor exploration program targeting the under-explored Rangoon area at its 100%-owned 1.28Moz Cardinia Gold Project (CGP), located near Leonora in Western Australia. The Eastern Corridor program is aimed at enhancing the geological understanding of a number of prospects within this large mineralised system. The Eastern Corridor mineralisation intersected in drilling to date extends over an area of approximately 1km by 4.5km on the eastern side of the CGP.

It contains a number of recent discoveries, exciting exploration prospects and mining development opportunities including Cardinia Hill, Helens, Fiona, Rangoon and East Lynne ­ which collectively contain in excess of 240koz of Mineral Resources. The area has been a focus of the geological team for approximately 18 months and is interpreted to be a series of felsic intrusion and structurally-controlled mineralised positions which mark the near-surface expression of a significantly larger mineralised system located on the eastern side of the CGP. Based on recently completed work and the new results reported, Kin's exploration team believes that the Eastern Corridor represents a significant opportunity for resource growth at the CGP.

The Eastern Corridor targets are located between 500m and 5.0km from the centrally located CGP. Mineral Resources estimates within the Eastern Corridor total 4.9Mt at 1.52g/t Au for 240koz across four deposits at Helens, Rangoon, Fiona and Cardinia Hill. The area has been covered by detailed magnetics and gravity surveys and was targeted by Reverse Circulation and diamond drilling programs during the Company's Phase 4 exploration program, completed over the first half of CY2021.

These programs revealed porphyry intrusions adjacent to sheared mafic volcanic and felsic volcanic contacts as a primary control of high-grade gold mineralisation. Results reported from the Phase 4 drilling provided an initial assessment of the mineralisation style and gold grade at a series of targets identified in earlier soil geochemical surveys and air-core drilling programs. This work indicated widespread examples of generally narrow (mostly 1m to 4m) intersections at elevated grade (4g/t to 20g/t Au) associated with strong sulphide (pyrite) mineralisation. Occasionally, broader zones (6m to 20m) at moderate average grades (generally 1.0g/t to 3.0g/t Au) ­ also with a strong pathfinder element signature ­ were also intersected.

These mineralised areas corresponded with boundaries of low gravity response, interpreted as altered mafic rocks in the structurally active areas within and surrounding felsic intrusions. The Phase 5 program was designed to test this geological interpretation in an area of limited drilling to the east of the historical Rangoon workings to confirm the presence of potential high-grade gold mineralisation in positions that fit with the structural interpretation of alteration zones with quartz carbonate veining and sulphide mineralisation that link between the Helens Fault and the Cardinia Hill Fault. RC Drilling was completed in late 2021, comprising 30 RC holes for 4,110m.

The drilling was designed to better understand the geology of the area to the east of the Rangoon workings and intersect interpreted east dipping quartz sulphide lodes at depth and potential new structural positions away from the historical drilling locations and surface workings. Assays have been returned for all 30 holes. The results have confirmed the discovery of new zones of high-grade mineralisation at depth and to the east of the existing Rangoon Mineral Resource position.

Ore grade mineralisation has been intersected up to 150m below surface over approximately 600m of strike length in this drilling. Mineralisation dips shallowly east, at a high angle to the Rangoon surface workings. Intersections such as in RN21RC110 (4m at 5.50g/t Au from 145m and 2m at 4.67g/t Au from 128m), RN21RC119 (4m at 4.39g/t Au from 44m), RN21RC117 (1m at 17.5g/t Au from 119m) coupled with previous intersections RN21RC093 (3m at 21.1g/t Au from 98m), RN21RC077 (2m at 4.94g/t Au from 16m) and RN21RC081 (3m at 8.40g/t from 106m) demonstrate the high-grade nature of these new zones.

In addition, broad intersections of mineralization containing narrow high-grade zones, such as RN21RC109 (which returned 19m at 2.48g/t Au from 91m) and RN21RC120 (12m at 3.04g/t Au from 62m) highlight broad zones of moderate gold grade material which show significant sulphide and silver mineralisation associated with the gold. The discovery of shallow, east-dipping lodes containing high-grade gold mineralisation with negligible surface expression associated with the regional scale Helens Fault and Cardinia Hill Fault highlights the potential of the Eastern Corridor to contain several styles and orientations of mineralisation. Other areas within the Eastern Corridor which have revealed strong sub-surface mineralisation in earlier, broad-spaced, shallow air-core drilling ­ such as Helens East (21m at 3.58g/t Au from 45m) and East Lynne (5m at 35g/t Au from 40m and 20m at 1.36g/t Au from 20m) ­ now also require follow-up RC drilling to test for similar or deeper mineralisation, potentially also associated with shallow east-dipping orientations.