Kin Mining Encounters More Wide Gold Zones at Leonora

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced the intersection of more wide zones of mineralisation at the company’s Leonora gold project in Western Australia.

Kin Mining said it anticipated the latest would underpin an upgrade in the project’s Mineral Resources, adding the new Resource estimate will be calculated as part of a current Definitive Feasibility Study, which is on track for completion in the middle of this year.

First gold production is scheduled for mid-2018.

The latest results come from the final seven holes of the drilling campaign at the Mertondale area within the Leonora project.

Four holes were completed at the Mertondale 3 target and three at Mertons Reward.

Wide intersections of gold mineralisation were encountered in extensional drilling at the Mertondale 3 deposit, including:

MT17RC038
23 metres at 1.9 grams per tonne gold from 75m, including 3m at 5.2g/t gold; and

MT17RC040
19m at 2.3g/t gold from 112m, including 2m at 11.6g/t gold.

Further shallow intersections of gold mineralisation were also recorded at Mertons Reward, including:

MR17RC033
9m at 1.9g/t gold from 16m, including 4m at 3g/t gold.

Kin explained that infill and extensional drilling is now completed at Mertondale 3-4 and Mertons Reward and Resource interpretation is underway.

The Reverse Circulation (RC) drill rig has moved to the Cardinia area where shallow oxide resource drilling continues at the Kyte, Rangoon and Helens deposits, targeting the conversion of Inferred Mineral Resources to the higher confidence Indicated Mineral Resource category.

“The recent successful drilling at Mertons Reward and Mertondale 3 highlights the outstanding potential of the Mertondale system,” Kin Mining chief executive officer Don Harper said in the company’s announcement to the Australian Securities Exchange.

“Recent drilling has confirmed the system is open along strike and at depth.

“We remain confident that there is a lot more gold to be found.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au