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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Leonora | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-8-2017: Kin Mining NL announces a Resource Estimation report for its Leonora deposit at the Leonora project. 75% of resources now indicated after latest resource estimation. Kin Mining NL (ASX: KIN) is pleased to announce an upward revision of the Comp | |
| Resources: | (Resource, I+I): 22.3Mt @ 1.43g/t Au for 1.02Moz Au contained at project | |
| CP/QP: | [Resources]: Dr. Spero Carras (Carras Mining Pty Ltd.) | |
| ABSTRACT: | Kin Mining NL (ASX: KIN) is pleased to announce an upward revision of the Company’s Mineral Resources for the Leonora Gold Project (LGP). The Resources have increased by 42% on the previous estimate, and now total 22.3 Mt @ 1.43 g/t Au for 1.02 Moz of gold. Kin Managing Director Don Harper said, “This is an outstanding result which gives Kin a clear pathway to project development, production and cashflow.” “The new Resource estimate provides a strong foundation for the estimation of the maiden Ore Reserve at the LGP, which will form part of the Definitive Feasibility Study set for completion later this quarter.” “There is also immense potential to continue growing our inventory within the Tier-1 Leonora district and we will pursue that upside in parallel with our project development plan.” The increase in the resources is largely attributed to the highly successful 43,000m Reverse Circulation (RC) resource drilling program that has recently been completed, which extended mineralised domains at multiple deposits. Recent primary gold discoveries at Lewis and HelensFiona have also been incorporated into the Mineral Resource. Kin Mining is pleased to report the completion of a Mineral Resource Estimation at the Mertondale Mining Centre in compliance with the JORC 2012 reporting standard. The resources consist of six deposits (Figure 2), four of the deposits (Merton’s Reward, Mertondale 3-4, Tonto and Mertondale 5) have undergone extensive work and reinterpretation by independent resource geologists Carras Mining Pty Ltd (CM). Results from the Pre-feasibility study highlighted these four Resources as key areas for a future mining operation and subsequently have been the main focus of resource development over the last nine months at Mertondale. | |
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