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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Fiona | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-3-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Fiona deposit at the Leonora project. Drilling results incl. 8m @ 51.4g/t Au from 10m. Kin Mining NL (ASX: KIN) is pleased to announce that drilling has intersected multiple | |
| 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 pleased to announce that drilling has intersected multiple intervals of shallow high-grade gold mineralisation at the new Fiona Prospect, located within the Cardinia Mining Centre at the Company’s Leonora Gold Project (LGP), WA. The mineralisation was intersected near-surface and highlights the potential for additional gold to be discovered outside Kin’s known Mineral Resources at Cardinia (see also ASX release titled Bonanza Gold Strike for Kin at East Lynne dated 8th March 2016). In light of these results, Kin has planned further drilling at Fiona with a view to including the prospect in the LGP Feasibility Study, scheduled for mid-year completion. Kin Managing Director Don Harper said: “Such shallow high-grade results at the newly defined Fiona Prospect show there are still significant discoveries to be made at the LGP. The fact that these intersections are outside our existing resources and mine plan clearly demonstrates significant upside potential. It is highly encouraging that the new Fiona Prospect remains open in all directions.” Shallow, high-grade intersections were returned which suggest the presence of two mineralised lodes that both plunge shallowly to the south. The gold mineralisation appears to be related to a contact between mafic rocks and felsic porphyry. | |
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