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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Kyte | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 9-2-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Kyte deposit at the Leonora project. Drilling results incl. 6m @ 8.8g/t Au from 0m. Kin Mining NL (ASX: KIN) is pleased to report high-grade near surface drilling results from | |
| 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 report high-grade near surface drilling results from the Kyte deposit at its Leonora Gold Project in WA. The positive results come from both inside and outside the planned open pit at Kyte (Figure 1) and when combined with the free-digging, low strip ratio nature of the deposit, highlight its potential to be an early source of high-margin mill feed for the project. The Kyte results follow the recent strong in-fill and extensional drilling results from the Mertons Reward and Mertondale 3-4 deposits at the Leonora Gold Project (see ASX release dated February 6, 2017). The Kyte deposit is part of the greater resource at Cardinia which currently stands at 4.86Mt @ 1.3 g/t Au for 192,000 oz (see attached resource table). Kin has closed-down the drill spacing by drilling between existing sections with a Reverse Circulation (RC) drill rig. This latest drilling at Kyte was designed to convert Inferred Resources into the higher confidence Indicated Resource category. The drill rig has now moved to the nearby Rangoon deposit where further infill drilling will continue as part of the Definitive Feasibility Study, which is set to be completed in mid-2017. | |
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