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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Cardinia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Cardinia deposit at the Leonora project. Drilling results incl. 34m @ 2.3g/t Au from 57m. Kin Mining NL (ASX: KIN) is pleased to report highly significant gold assay results | |
| Resources: | (Reserve, Prob.): 373Koz Au at project | |
| CP/QP: | [Overall Report]: Paul Maher, Simon Buswell-Smith (Internal) | |
| ABSTRACT: | Kin Mining NL (ASX: KIN) is pleased to report highly significant gold assay results from a targeted follow-up RC drill program at the Cardinia Mining Centre, part of the 100% owned Leonora Gold Project in the North-Eastern Goldfields of Western Australia. The RC drilling program was designed to follow-up on recent significant intersections discovered at the south end of the Helens Main Resource area (see ASX announcement dated 20 November 2017 “Multiple thick gold zones intersected at Cardinia”). Results have confirmed the presence of a wide mineralised shoot that extends beyond the current Resource envelope within the extensive shear zone at Helens Main. The results confirm the presence of a thick extension to the mineralised system that remains open along strike and down plunge “It’s great to see consistent thick, shallow high-grade mineralisation being intersected at Helens. We may have the opportunity to achieve our major objectives; to increase our gold Resource inventory and mine life along with potentially significantly increasing gold production beyond the Feasibility1 base case with a higher feed grade to the proposed mill. We expect continued exploration success may have a material positive impact on the LGP project economics. We look forward to fast tracking our aggressive 2018 exploration campaign. | |
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