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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Lewis | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-4-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Lewis deposit at the Leonora project. Drilling results incl. 18m @ 33.5g/t Au from 45m. Kin Mining NL (ASX: KIN) is pleased to announce it has discovered a high-grade zone of | |
| 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 it has discovered a high-grade zone of primary mineralisation at Lewis, within the Cardinia Mining Centre at the Company’s 100 percent owned Leonora Gold Project (LGP) in WA. The results are particularly outstanding because multiple high-grade intersections can be traced along a lithological contact for 500m of strike within the primary bedrock. This zone of mineralisation was previously undetected because previous explorers had focused on the shallow supergene resources which dominate the Cardinia area (Figure1). These latest drilling results suggest that a primary source of the extensive supergene resource at Cardinia exists and that it has a high-grade component. These results at Lewis are very significant for the company. The high-grade bedrock intersections are continuous along strike for a least 500m, which highlights the potential to define substantial resource ounces. The intersections of gold mineralisation sit directly below the southern extent of a large plus 100,000-ounce supergene resource (Bruno-Lewis) that has a strike length of 3km. To date the Company has successfully tested the target corridor for 500m to a maximum vertical depth of only 70m and believes that there is no reason to think this well-endowed system is not expected to persist at depth and along strike. The Lewis area has always been regarded as an excellent area to develop shallow free dig supergene ounces (Figure 3), however these latest developments suggest that the supergene resources at Lewis could represent the top of a large mineralised shear system, with potentially significant higher grade mineralisation at depth. | |
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