Kin Mining Takes LGP Over 1M Ounces

THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced a revised Mineral Resource for the company’s Leonora gold project (LGP) in Western Australia.

Kin Mining said the LGP Resources have increased by 42 per cent on the previous estimate, and now total 22.3 million tonnes at 1.43 grams per tonne gold for 1.02 million ounces of gold.

The company attributed the increase in the Resources to a recently completed program of Reverse Circulation (RC) resource drilling, which extended mineralised domains at multiple deposits.

Recent primary gold discoveries at the Lewis and Helens-Fiona deposits have also been incorporated into the Mineral Resource.

The Leonora gold project consists of three principle Mining Centres.

The total 22.3 million tonnes Mineral Resource is distributed among these Mining Centres as follows:

Mertondale: 11.6 million tonnes at 1.4g/t gold for 521,000 ounces of gold;
Cardinia: 6.91 million tonnes at 1.33g/t gold for 296,000 ounces of gold, and
Raeside: 3.82 million tonnes at 1.68g/t gold for 206,000 ounces of gold.

“This is an outstanding result which gives Kin a clear pathway to project development, production and cashflow,” Kin Mining managing director Don Harper said in the company’s announcement to the Australian Securities Exchange.

“The new Resource estimate provides a strong foundation for the estimation of the maiden Ore Reserve at the LGP, which will form part of the Definitive Feasibility Study set for completion later this quarter.

“There is also immense potential to continue growing our inventory within the Tier-1 Leonora district and we will pursue that upside in parallel with our project development plan.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au