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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | East Lynne | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 8-3-2017: Kin Mining NL announces an Exploration/Drilling Update report for its East Lynne deposit at the Leonora project. Drilling results incl. 3m @ 209g/t Au from 0m. Kin Mining NL (ASX: KIN) is delighted to report that exploration drill testing at the | |
| Resources: | (Resource, I+I): 11.8Mt @ 1.9g/t Au for 721Koz Au contained at project | |
| CP/QP: | [Overall Report]: Paul Maher, Simon Buswell-Smith (Internal) | |
| ABSTRACT: | Kin Mining NL (ASX: KIN) is delighted to report that exploration drill testing at the East Lynne Prospect has returned exceptionally high gold grades from surface. East Lynne is located approximately 300m north-east of Kin’s Rangoon Mineral Resource (Figure 4). Historic mining at the East Lynne Prospect recorded production of 1,242t @ 47.5 g/t Au between 1897-1906, and in 1942, for a total of 1,896 oz Au (including dollied material). Despite this history of high-grade production, no Mineral Resource is defined at East Lynne, as previous drilling is sparse and shallow in nature. Kin identified East Lynne as a walk-up drill target, and took the opportunity to conduct a four-hole scout drilling program at the prospect while a drill rig was in the area. The Reverse Circulation (RC) drilling initially recorded an assay result of 3m @ 209 g/t Au from surface in hole EL17RC003, including 1m @ 551 g/t Au. Due to the very high grades encountered, several laboratory repeats of the sample were undertaken, giving an average grade of the interval of 3m @ 132.3 g/t Au from surface. As a confirmatory exercise, Kin undertook an independent re-split and re-assay of the original drill sample. The results of this sampling confirmed the high-grade results, reporting 3m @ 23.5 g/t Au, including 1m @ 55.2 g/t Au from surface. This indicates that a coarse nugget effect is causing variability in the assay results. | |
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