Kin Mining NL Announces Encouraging Results from RC Drilling at Iron King
Mineralisation is associated with abundant quartz veining (up to 50%), containing up to 10% pyrite and surrounding rock displaying weak to moderate foliation and shear textures, indicating a structurally-controlled system located between basalt and dolerite units adjacent to a significant granodiorite intrusion intersected in aircore drilling along strike.
The Axford target is located in the north-eastern sector of the Project, approximately 1km north of the historically mined Iron King open pit. Previous drilling results at Axford were derived from AC drilling completed in August 2020 and October 2021 and highlighted mineralisation such as 6m at 1.91g/t Au from 40m in AX20AC116 and 4m at 2.08g/t Au from 44m in AX20AC117 targeting extensions to historical workings previously referred to as the Crystal Ridge prospect. The Company has completed nine holes for an advance of 1,031m of RC drilling. Significant results include 2m at 1.88g/t Au from 94m in AX22RC004 and 1m at 6.30g/t Au from 54m in AX22RC007. Mineralisation at Axford consisted of a pyrite and silica altered felsic volcanic rocks, within a larger interval of black shale. Mineralisation was associated with areas of strong quartz veining, as well as up to 2% pyrite. Geological logging indicates alteration containing pyrite up to 70% in some cases. Previous mapping by Hallberg (1999) interpreted a thick Granodiorite unit central to the prospect. RC drilling has indicated that significant zones of black shale are present and mapped as the Crystal Ridge Shear Zone on either side of the Granodiorite unit.