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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Cardinia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Cardinia deposit at the Leonora project. Drilling results incl. 2m @ 18.5g/t Au from 5m. Kin Mining (ASX: KIN) is an emerging gold development company with a significant te | |
| Resources: | (Reserve, Prob.): 373Koz Au at project | |
| CP/QP: | [Overall Report]: Paul Maher, Simon Buswell-Smith (Internal) | |
| ABSTRACT: | Kin Mining (ASX: KIN) is an emerging gold development company with a significant tenement portfolio in the highly prospective North‐Eastern Goldfields region of Western Australia. The Company has completed its Definitive Feasibility Study on the Leonora Gold Project forecasting an average production rate of 55,000oz1 pa. The Company has also upgraded its resources to 1.02Moz2 and released its Maiden Ore Reserve of 373,000oz. Kin is seeking to increase shareholder value through continued aggressive exploration on its tenements and achieving gold production in the second half of 2018, subject to successful project financing. The Helens Resource area has undergone extensive development during 2017 which has contributed to a significant increase in the Helens Resource by 50% in total ounces, delivering 1.27 Mt @ 1.5 g/t Au for 61,000 oz Au. Current drilling is designed to test open extensions of mineralised ore shoots at Cardinia. Our team is extremely pleased to announce that initial results from the current drilling campaign at the Helens Resource area have intersected significant mineralisation that confirms gold mineralisation outside the current pit designs. The Helens Mid deposit has become an exciting area of interest following the discovery of the Fiona deposit which is only 60m to the northwest. Fiona has progressed from a high-grade discovery in March 2017 to an ore reserve (2nd October). Recent drilling at Helens Mid was designed to investigate if mineralisation extends northward towards Fiona. | |
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