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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Mertons Reward | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-7-2016: Kin Mining NL announces an Exploration/Drilling Update report for its Mertons Reward deposit at the Leonora project. Drilling results incl. 23m @ 2.1g/t Au from 57m. 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 recently completed highly successful drill program at Merton’s Reward. The latest results, in combination with previously announced high grade gold intersections, confirm Merton’s Reward is a large scale, multi lode gold system. The 21 holes drilled at Merton’s Reward to date by Kin Mining have all intersected gold mineralisation greater than 1g/t Au. Kin have recently completed a highly successful 21 hole RC drill program totalling 3755m at Merton’s Reward. The results extends the T2 lode a further 100m down plunge from the existing resource and confirms the new robust geological model. Three distinct lodes (T1, T2 and Mert2) have now been defined and will be the focus of future drill programs. The latest assay results correlate with previously announced intersections and confirm that all three lodes are extensive mineralised bodies that remain open down plunge and at depth. The results confirm that the new geological model is robust and a revised resource calculation using the new geological model has commenced. The new resource calculation will incorporate all new drill data and is expected to be complete as soon as practicable. | |
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