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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Rangoon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 22-2-2017: Kin Mining NL announces an Exploration/Drilling Update report for its Rangoon deposit at the Leonora project. Drilling results incl. 6m @ 8.4g/t Au from 17m. Kin Mining NL (ASX: KIN) is pleased to advise that the ongoing Feasibility Study drill | |
| 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 advise that the ongoing Feasibility Study drill program at its flagship (100%) owned Leonora Gold Project in WA has returned more strong assay results, this time from the Rangoon deposit, part of the proposed Cardinia mining centre. The encouraging results included shallow intersections, which come from both inside and outside the planned open pit (Figure 1). The presence of shallow gold mineralisation highlights the potential for Rangoon to contribute mill feed early in the life of the project. The reverse circulation (RC) drilling results show that the Rangoon deposit has the potential to host higher grade material within the mineralised envelope. This is encouraging for the proposed mining operation as it has the potential to improve project economics once the results are incorporated into the mining studies that form part of the ongoing Feasibility Study. The primary intention of the drilling program at Rangoon was to convert Inferred Resources into the higher confidence Indicated Resource category. The drilling results were in line with expectations for the area, giving confidence that the mineralisation is well understood. The results of the drilling will be utilised in the Mineral Resource update, being completed as part of the Feasibility Study. | |
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