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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Comedy King, Snowden Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/3/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-2-2020: Kin Mining NL announces an Exploration/Drilling Update report for its Comedy King, Snowden Well deposit at the Leonora project. Drilling results incl. 12m @ 14.9g/t Au from 4m. Kin Mining NL (ASX: KIN or Company) is pleased to report the final a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Glenn Grayson (Internal) | |
| ABSTRACT: | Kin Mining NL (ASX: KIN or Company) is pleased to report the final assay results from the drilling program at the Cardinia Gold Project (CGP). The results have identified new, high grade zones of mineralisation at Comedy King and narrow ore grade mineralisation at Snowden Well. Further results from the Lewis East and Lewis West prospect and single metre splits of wide zones of new mineralisation at Cardinia Hill, Lewis East, Black Chief and Comedy King are expected by mid to late 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 sulphide replacement and epithermal vein-hosted gold mineralisation. Refer to ASX announcement 4 December 2019. Commenting on the further CGP drill results, Managing Director Andrew Munckton said: “The 2019 aircore drilling program completed in December has been a particularly successful campaign which has confirmed our belief that the Cardinia area holds substantial zones of high grade mineralisation in addition to the Mineral Resources that have previously been defined. The exploration team have made significant new discoveries at Cardinia Hill, Lewis East and now, Comedy King. These latest results confirm the presence of high grade, epithermal vein style mineralisation within broader zones of lower grade mineralisation and alteration at Comedy King. The Snowden Well RC results also show a strike continuous zone of narrow, ore grade mineralisation consistent with the Chert unit(s) mapped at surface that returned high grade rock chip results. The results to date are indicative of a large mineralised system at Cardinia and 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, Comedy King and Lewis East appear to be 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 initial assay results in February 2020.” | |
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