Kin Mining encouraged by Lewis trial mining results

THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced positive results from the recently conducted Lewis trial mining operation at the company’s 100 per cent-owned Leonora gold project in the north eastern Goldfields of Western Australia.

Kin Mining said the Lewis trial mine and carbon-in-leach (CIL) testwork achieved the key elements to allow the company to optimise the updated pre-feasibility study at the Leonora gold project.

Outcomes included ounces mined exceeding expectations by 26 per cent resulting in 908 ounces of gold bullion produced.

The mine to mill grade reconciliation came in within 6 per cent with a 50 per cent improvement in pit wall angles.

The company said there was plenty of upside to increase resources through further specific gravity (SG) test work.

“We have been encouraged by the potential upside indicated by today’s results,” Kin Mining CEO Don Harper said in the company’s announcement to the Australian Securities Exchange.

“While there’s further work to do, the results came in above our expectations.

“The trial mining has enabled us to further confirm the mining and processing parameters and assumptions required for the updated PFS and is an important de-risking exercise.

“It also adds more confidence to the resource by actually visually interpreting the deposit.”

The Lewis deposit is located within the project’s 134,500 ounce Bruno-Lewis-Kyte oxide resource.

Kin Mining indicated the results of the trial mining program will be included in the current PFS, which is on schedule for completion by the end of the calendar year.

Email: info@kinmining.com.au

Website: www.kinmining.com.au