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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Helens, Helens South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-7-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Helens, Helens South deposit at the Leonora project. Drilling results incl. 21m @ 3.1g/t Au from 29m. Kin Mining NL (ASX: KIN) is pleased to announce that it has discovered a | |
| 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 it has discovered a second significant zone of primary high-grade gold mineralisation at its 100%-owned Leonora Gold Project (LGP) in Western Australia. The discovery was made during recently completed in-fill and extensional drilling at the Helens deposits, part of the Cardinia Mining Centre, and is the second deeper primary zone to be identified following the nearby Lewis discovery earlier this year (see Appendix A). The results demonstrate the significant potential to grow the Resources and mine life at the LGP, with the discovery of primary high-grade mineralisation below the existing oxide Resource, highlighting the potential for future underground operations. Given the success of the recent shallow in-fill drilling, and with the emerging deeper primary potential, Helens is shaping up as another key deposit for Kin as it finalises its Definitive Feasibility Study (DFS). Consistent with the previous excellent results at Helens (see ASX Announcement 3rd April 2017), multiple intersections of high-grade mineralisation have been returned over a significant strike length from follow-up in-fill drilling. The new results have extended the mineralised envelopes at the Helens deposits along strike, and particularly at depth, where there has historically been limited drilling. Kin’s initial drilling at Helens returned results that were substantially above expectation (Figure 1). The outstanding results indicated that the mineralisation is of consistently higher grade than historical exploration work would suggest. The Company therefore decided that there was excellent potential to expand the Mineral Resource in the Helens area, and an additional ~5,000m of RC drilling was completed to in-fill and extend the mineralised envelope (Table 1). | |
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