Kin Mining Claims New Shallow Gold Discovery

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported the intersection of multiple intervals of shallow high-grade gold mineralisation at the Fiona prospect, located within the Cardinia Mining Centre at the company’s Leonora gold project (LGP) in Western Australia.

Kin Mining claimed the mineralisation was intersected near-surface and considers the results to highlight the potential for additional gold to be discovered outside the current known Mineral Resources at Cardinia.

With the results in hand, Kin is planning further drilling at Fiona with a view to including the prospect in the LGP Feasibility Study, scheduled for mid-year completion.

Highlights of the recent drilling include:


HE17RC028
8 metres at 51.4 grams per tonne gold from 10m, including 4m at 101g/t gold – including 1m at 283g/t gold;


HE17RC026
9m at 6.1g/t gold from 21m, including 3m at 12g/t gold;


HE17RC031
4m at 7.4g/t gold from 10m, including 3m at 9.5g/t gold;


HE17RC033
10m at 3.6g/t gold from 25m, and 12m at 1.4g/t gold from 38m to end of hole;


HE17RC032
4m at 4.1g/t gold from 24m, including 2m at 6g/t gold;


HE17RC038
11m at 1.8g/t gold from 13m, including 2m at 4.6g/t gold; and


HE17RC040
14m at 1.3g/t gold from surface, including 4m at 2.8g/t gold.

“Such shallow high-grade results at the newly defined Fiona prospect show there are still significant discoveries to be made at the LGP,” Kin Mining managing director Don Harper said in the company’s announcement to the Australian Securities Exchange.

“The fact that these intersections are outside our existing resources and mine plan clearly demonstrates significant upside potential.

“It is highly encouraging that the new Fiona prospect remains open in all directions.”

Kin Mining explained the recent drilling has been undertaken to follow up historic gold intersections in an area along strike to the north of the Helens North Resource, which currently stands at 760,000 tonne at 1.2g/t gold for 29,000 ounces of gold.

A total of sixteen reverse circulation (RC) drill holes were completed at Fiona.

Email: info@kinmining.com.au

Website: www.kinmining.com.au