Kin Mining defines Exploration Target for Mertondale
THE DRILL SERGEANT: Kin Mining (ASX: KIN) has released a JORC Code 2012-compliant Exploration Target estimation for the Mertondale area, situated within the company’s Leonora gold project (LGP) in Western Australia.
The company has calculated an Exploration Target of one to 1.2 million ounces of gold mineralisation at a grade range of 1.6 to 2.5 grams per tonne gold at Mertondale.
Kin explained the generation of the one to 1.2 million ounce gold Exploration Target, is the first step in a staged exploration strategy the company is using to identify advanced and prospective areas within the LGP.
This work has entailed evaluation of historic datasets, including; multi-element geochemical, drilling, aeromagnetic and gravity sets.
“The Exploration Target of one to 1.2 million ounces of gold generated at Mertondale is the first stage in unlocking the true potential of this well-endowed gold region,” Kin Mining managing director Trevor Dixon said in the company’s announcement to the Australian Securities Exchange.
“Historic production is evidence of just how rich the Mertondale Shear Zone is, with Merton’s Reward being one of the highest grade deposits in the Eastern Goldfields.
“We at Kin are extremely satisfied with the acquisition of the LGP, as previous owners defined some 750,000 ounces of resources within the greater project area.”
“The Exploration Target was estimated in order to provide the market with an assessment of the potential scale of the Mertondale Shear Zone with our intention to define 2012 JORC-compliant resources within the envelope.
“The team are in the process of evaluating the historic resources at Mertondale and we expect a positive outcome within the next month or two.
“We also have been busy at Cardinia particularly Lewis, this is the area we envisage an early stage mining operation and we are progressing all the required permits for this to take place.
“Dovetailing this we are currently finalising the 2012 JORC-compliant resource at the Bruno Lewis area with news on this expected very shortly.”
Email: info@kinmining.com.au
Website: www.kinmining.com.au