The results further reinforce the substantial endowment of the emerging Eastern Corridor at Cardinia and the potential to define additional resources in this under-explored area.
The Eastern Corridor program is aimed at enhancing the geological understanding of a number of prospects within what has emerged as a large, highly mineralised complex. Mineralisation discovered to date within the Eastern Corridor extends over an area of approximately 1km by 5km on the eastern side of the CGP, with outstanding potential to discover new mineralised positions and extend existing deposits at depth.
The Eastern Corridor contains a number of exciting exploration and development prospects including Cardinia Hill, Helens, Fiona and Rangoon, which collectively host in excess of 239koz of Mineral Resources and are interpreted to be structurally linked as part of a significantly larger mineralised system located on the eastern side of the CGP.
Kin Mining Managing Director, Andrew Munckton, said: "These latest results from Rangoon provide further definitive evidence of the Eastern Corridor potential. What is important here is the style of mineralisation we have been intersecting and the geometry of the lodes in a predominantly east-dippingorientation.
"The mineralisation is predominantly primary, sulphide hosted mineralisation, which is easily recognisable and has the same origins as the other mineralisation found along the Eastern Corridor - with similar alteration and pathfinder minerals. Recent metallurgical test work at Cardinia Hill has shown excellent recovery of gold from similar sulphide ores.
"These shallow, east-dipping lodes are wide (up to 43m down-hole) and seem to link the high-grade steep dipping lodes such as we see at Cardinia Hill, Fiona, Helens and Helens East together. The Eastern Corridor mineralisation has significant depth extent - we know that high grade zones persist up to 250m deep and probably well beyond this. This means that the potential along the Eastern Corridor is substantial.
"We continue to see great potential to discover further high-grade lodes, delineate new resources and grow our overall inventory across this corridor, which is a major growth opportunity for the company."
Figure 1. RC drill rig operating along strike from the historic Rangoon workings.