Kin Mining Confirms Mertondale 5 Pit Down-Plunge Extension

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported results from recent drilling at the Mertondale 5 deposit, part of the ongoing assessment of development opportunities at the company’s Cardinia gold project in Western Australia.

Kin Mining explained the deeper diamond drilling at Mertondale 5 focused on testing the geological, geotechnical and metallurgical assumptions for mining and interpretation of the deposit and understanding the controls on gold mineralisation.

The company indicated the Mertondale 5 drilling confirmed the orebody extends at depth, returning:

14 metres at 2.5 grams per tonne gold from 217m; and

3.8m at 1g/t gold from 279.2m.

The drilling was undertaken as an initial test of the continuity and direction of the interpreted northerly plunging shoot of historically-mined high-grade gold mineralisation and to determine if graphitic shale forms a component of the mineralisation.

“The latest drilling has significantly improved the company’s geological understanding of the Mertondale 5 prospect and will guide the future resource development drilling which will target expansion and category upgrade of the existing Mineral Resources at the deposit,” Kin Mining said in its ASX announcement.

The Mineral Resource Estimate for Mertondale 5 currently stands at 1.03 million tonnes at 1.8g/t gold for 60,000 ounces, consisting of 0.81 million tonnes at 1.83g/t gold of Indicated and 0.22 million tonnes at 1.71g/t gold of Inferred Resources.