Kin Mining drills wide gold intercepts at Merton’s Reward

/in /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) has been quick to announce high-grade gold intersections from a recently commenced drill program at Merton’s Reward T1 and T2 targets, part of the company’s Leonora gold project in Western Australia.

The company said that both targets returned sizeable intersections in line with modelled target zones.

Highlights include:

MR16RC004
A wide intersection of 27 metres at 2.65 grams per tonne gold from 66m, including two high-grade zones of 2m at 16.47g/t gold and 5m at 5.54g/t gold; and

MR16RC005
An intersection of a broad zone of mineralisation down dip of MR16RC004 returning 15m at 1.81g/t gold with a higher grade zone of 5m at 3.78g/t gold.

The company identified the intersection from MR16RC004 as being “extremely encouraging”, adding it would aid in its efforts to refine the geometry of the T1 lower lode target zone.

Kin advised the recent drilling was part of an ongoing program at Merton’s Reward with the intention to expand the current Merton’s Reward Resource of 1.08 million tonnes at 2.6g/t gold for 91,000 ounces of gold.

“Kin is very pleased with the latest drill results from both target areas,” Kin Mining managing director Trevor Dixon said in the company’s announcement to the Australian Securities Exchange.

“The T1 target intersections indicate that mineralisation is broad and of high-grade and continues deeper than previously thought as both holes achieved great results.

“We believe that MR16RC004 intersected the continuation of the lower lode through the centre of the lode where previous drill holes had just missed the higher grade ore zone.

“MR16RC005 demonstrated that the lode is persistent at deeps below the historic underground workings and now defines an exciting follow-up target area.

“To date the bulk of the resources that have been defined at Merton’s Reward are from the Upper T2 target area, so it is very encouraging to find high grade mineralisation in the lower T1 target.

“It is early days for the lower lode but these results indicate that mineralisation is persistent at a depth that has very little exploration activity and that is very exciting for the Kin team.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au