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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Mertondale | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 6-2-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Mertondale deposit at the Leonora project. Drilling results incl. 23m @ 1.94g/t Au from 75m. Kin Mining NL (ASX:KIN) is pleased to announce it has intersected more wide zones | |
| Resources: | (Resource, I+I): 11.83Mt @ 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 intersected more wide zones of mineralisation at its Leonora Gold Project in WA. The latest results are expected to underpin an upgrade in the Leonora Gold Project’s Mineral Resources. The new Resource estimate will be calculated as part of the Definitive Feasibility Study, which is on track for completion in the middle of this year. First gold production is scheduled for mid-2018. The latest results come from the final seven holes of the drilling campaign at the Mertondale area within the Leonora Project. Four holes were completed at Mertondale 3 for a total of 671m and three at Mertons Reward for a total of 363m (see Figure 1). Further wide intersections of gold mineralization were encountered in extensional drilling at the Mertondale 3 deposit. Infill and extensional drilling is now completed at Mertondale 3-4 and Mertons Reward and Resource interpretation is underway. The Reverse Circulation (RC) drill rig has moved to the Cardinia area where shallow oxide resource drilling continues at the Kyte, Rangoon and Helens deposits, targeting the conversion of Inferred Mineral Resources to the higher confidence Indicated Mineral Resource category. Kin Chief Executive Officer Don Harper said the latest results confirm the continuity of mineralisation. “The recent successful drilling at Mertons Reward and Mertondale 3 highlights the outstanding potential of the Mertondale system,” Mr Harper said. “Recent drilling has confirmed the system is open along strike and at depth. We remain confident that there is a lot more gold to be found.” | |
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