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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Mertondale 5 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-3-2019: Kin Mining NL announces an Exploration/Drilling Update report for its Mertondale 5 deposit at the Leonora project. Drilling results incl. 14.0m @ 2.5g/t Au from 217m. Kin Mining NL (ASX: KIN) is pleased to provide new results from recent drilli | |
| Resources: | (Resource, I+I): 1.47Mt @ 2.01g/t Au for 94.9Koz Au contained | |
| CP/QP: | [Overall Report]: Glenn Grayson (Internal) | |
| ABSTRACT: | Kin Mining NL (ASX: KIN) is pleased to provide new results from recent drilling at the Mertondale 5 deposit, part of the ongoing assessment of development opportunities at the Cardinia Gold Project (CGP). See Figure 1. Deeper diamond drilling at Mertondale 5 has focused on testing the geological, geotechnical and metallurgical assumptions for mining and interpretation of the deposit and understanding the controls on gold mineralisation. This drilling was an initial test of the continuity and direction of the interpreted northerly plunging shoot of high grade gold mineralisation exploited in historical mining and to determine if graphitic shale forms a significant component of the mineralisation. The latest drilling has significantly improved the Company’s geological understanding of the Mertondale 5 prospect, and will guide the future resource development drilling which will target expansion and category upgrade of the existing Mineral Resources at the deposit. The Mineral Resource Estimate for Mertondale 5 is 1.03Mt at 1.8 g/t Au for 60,000 ounces, consisting of 0.81Mt at 1.83 g/t Au of Indicated and 0.22Mt at 1.71g/t Au of Inferred (see ASX announcement 30 August 2017). The historical Mertondale 5 open pit produced 384,671 tonnes at 3.06 g/t Au for 37,841 ounces from a A$450/oz pit design. Processing was undertaken at the Harbour Lights plant near Leonora and gold recovery averaged 89.5% from a combination of oxide and fresh ores. | |
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