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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Cardinia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2019: Kin Mining NL announces an Exploration/Drilling Update report for its Cardinia deposit at the Leonora project. Drilling results incl. 4.9m @ 18.8g/t Au from 201.3m. Kin Mining NL (ASX: KIN) is pleased to provide new results from recent drillin | |
| Resources: | (Resource, I+I): 1.47Mt @ 2.01g/t Au for 94.9Koz Au contained | |
| CP/QP: | [Overall Report]: Glenn Grayson (Internal) | |
| ABSTRACT: | Kin Mining NL (ASX: KIN) is pleased to provide new results from recent drilling at the Lewis and Helens Prospects, part of the first two open pit developments proposed at the Cardinia Gold Project (CGP) (Figure 1). Exploration drilling at Lewis has focused on confirming the geological interpretation of the deposit(s) as overlapping Volcanogenic Massive Sulphide (VMS), Orogenic and Epithermal gold-rich sulphide mineralisation with associated Silver and Base Metals. At Lewis, previous drilling has focused on Supergene mineralisation in the oxidised and Transitional areas down to approximately 60 metres below surface. Resource definition drilling at Helens has shown that the recently updated geology model is robust with all new RC and Diamond holes intersecting lode style mineralisation at the predicted position in the resource models. Kin’s objective at Lewis is to develop the deposit into a large, baseload feed source for the CGP to be supplemented by higher grade satellite deposits at projects such as Helens and Mertondale 5. Diamond drilling completed at Lewis in January 2019 consists of eight diamond holes for 1,242 metres. A further 1,472 metres of RC drilling has been completed at Lewis with all RC assay results and one diamond hole assay yet to be returned. Diamond drilling targeted down-dip positions in the Volcaniclastic rock package (Figure 3 and Figure 5) where previous diamond drilling had intersected semi-massive and stringer gold-rich sulphide mineralisation in a VMS setting in earlier diamond drilling programs. See ASX announcement (10 December 2018). | |
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