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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Mertons Reward | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/11/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-7-2016: Kin Mining NL announces an Exploration/Drilling Update report for its Mertons Reward deposit at the Leonora project. Drilling results incl. 22m @ 2.7g/t Au from 74m. Kin Mining NL (ASX: KIN) is pleased to announce further multiple gold intersec | |
| Resources: | (Resource): 1.08Mt @ 2.6g/t Au for 91000oz Au contained at Merton's Reward | |
| CP/QP: | [Overall Report]: Paul Maher, Simon Buswell-Smith (Internal) | |
| ABSTRACT: | Kin Mining NL (ASX: KIN) is pleased to announce further multiple gold intersections from its highly successful drill program at Merton’s Reward. The latest results extends the T2 lode 100m down plunge and confirms that the new geological model is robust. All 14 drillholes at Merton’s Reward drilled to date by Kin Mining have intersected multiple zones of gold mineralisation that is expected to have a positive effect on an upcoming revised resource calculation for Merton’s Reward. Five Reverse Circulation holes have been completed for a total of 882 metres, the recently completed drilling is part of an ongoing campaign at Merton’s Reward with the intention to expand the current Merton’s Reward Resource of 1.08 Mt @ 2.6 g/t Au for 91,000 oz (Table 1). The drill program was designed to intersect extensions of the Merton’s Reward ore shoots as well as the poorly tested lode under the Mertondale 2 Pit. Managing Director Trevor Dixon said “The latest drilling confirms that mineralisation at Merton’s Reward persists much deeper than previously thought. The drilling has been highly targeted to extend the known mineralisation at depth and the latest results demonstrate that mineralisation extends down at least another 100m than what is currently modeled. Drilling behind the Mertondale 2 pit has resulted in some very positive results which will require follow up work. Merton’s Reward is proving to be a very large ore body and we believe that there is more gold to be discovered. Kin are very encouraged by the latest results as we have defined considerable amounts of gold outside our current pit design.” | |
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