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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Fiona | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 28-6-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Fiona deposit at the Leonora project. Drilling results incl. 30m @ 2.4g/t Au from 20m. Kin Mining NL (ASX: KIN) is pleased to announce that follow-up drilling at the Fiona Pr | |
| 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 follow-up drilling at the Fiona Prospect, at the Company’s Leonora Gold Project (LGP), has intersected further highgrade gold mineralisation. The new drilling follows the recent discovery of the Fiona Prospect, where a shallow body of primary gold mineralisation was intersected (see ASX announcement Kin Makes New Shallow High-Grade Gold Discovery with hits of up to 283 g/t Au, 23rd March 2017). The new gold hits have extended the known mineralised envelope along strike, both to the north and south, and also at depth. The mineralisation now extends over a strike length of greater than 200m, and to a depth of approximately 70m below surface, with the majority of the significant intersections less than 50m below surface. The Fiona Prospect is located immediately to the north of the Helens North Mineral Resource area (see Figure 3). The new drilling has extended the Fiona mineralisation to the south, where there is now only an 80m gap in drilling between the southern-most holes at Fiona, and the northern-most holes at Helens. Resource modelling is underway at the Fiona Prospect and will ultimately be incorporated into the Helens Mineral Resource. The high-grade and continuous nature of the gold lode at shallow depth suggests that the majority of the mineralisation defined to date at Fiona will be amenable to open pit mining. The Fiona Prospect lies within a much larger 3.3km mineralised corridor, which also contains the Helens and Rangoon Mineral Resources. Recent Resource drilling has extended these Resource areas and grade continuity has been outstanding. This recent work has outlined this mineralised corridor as a high priority for Resource expansion and exploration development. Aside from these known deposits, the Helens-Rangoon Mineralised Corridor has. | |
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