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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Cardinia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/13/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-1-2020: Kin Mining NL announces an Exploration/Drilling Update report for its Cardinia deposit at the Leonora project. Drilling results incl. 53m @ 1.27g/t Au from 4m. Kin Mining NL (ASX: KIN or Company) is pleased to announce the first assay results f | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Glenn Grayson (Internal) | |
| ABSTRACT: | Kin Mining NL (ASX: KIN or Company) is pleased to announce the first assay results from the aircore (AC) drilling program at the Cardinia Gold Project (CGP). The results have identified large new zones of mineralisation at Cardinia Hill and Lewis East with further results from Lewis East and three other prospects drilled expected by early February 2020. All targets drilled are located within 5 kilometres of the proposed Cardinia processing plant site. The AC drilling results have been received from part of the drilling program completed in December 2019. The program consisted of 7,881 metres of AC and 880 metres of Reverse Circulation (RC) drilling across six key target areas. The targets are prospective for gold-rich volcanogenic massive sulphide (VMS) mineralisation and epithermal vein-hosted gold mineralisation. Refer ASX announcement 4 December 2019. Commenting on the initial CGP drill results, Managing Director Andrew Munckton said: “These encouraging early results from Cardinia Hill and Lewis East support our exploration objective of identifying new zones of mineralisation with potential to enhance the current CGP mine plan as outlined in the Pre-Feasibility Study completed in mid-2019. Cardinia Hill and Lewis East appear to be two large scale zones of mineralisation which remain open and warrant follow-up drilling, expected later in the current March quarter 2020. The close proximity to the processing plant site only serves to further enhance the results. We look forward to reporting the remainder of the assay results in early February 2020.” | |
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