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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Cardinia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-11-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Cardinia deposit at the Leonora project. Drilling results incl. 30m @ 2.8g/t Au from 72m. 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 twenty (20) RC Drill holes for an advance of 2,045m during the ongoing drilling campaign at the Cardinia Mining Centre, part of the 100% owned Leonora Gold Project in North-Eastern Western Australia. The RC drilling program has confirmed wide mineralised shoot extensions beyond the current resource envelopes within the extensive shear zones at Helens Main, Helens Mid and Fiona. The results confirm thick extensions to the mineralised system that remains open along strike and down plunge. “This is a terrific result for the company and the timing couldn’t be better. We have changed our focus from production drilling for the Feasibility Study to exploration with an immediate positive effect. To find such shallow thick high-grade intersections outside our current mine plan, demonstrates the exploration upside at Cardinia. We look forward to drilling some diamond drill holes to better define the structural controls on the mineralisation ahead of executing a strategic drill program at Helens.” The Helens deposit has undergone extensive drilling during 2017 with outstanding results earlier this year contributing to an increase in the Helens Mineral Resource to 1.27 Mt @ 1.5 g/t Au for 61,000 oz (see ASX announcement dated 30 August 2017 “Kin defines +1 million ounces of gold”). | |
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