Kin Mining looks to upgrade and increase Leonora gold numbers

/in /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced further RC drilling results from the Mertondale open pit point to both an increase and an upgrade in Resources at the company’s Leonora gold project in Western Australia.

Kin Mining said the results of recent program, which comprised infill and extensional drilling at the Mertondale 3-4 deposit, will be incorporated into the project Definitive Feasibility Study, which is underway.

The company said the drilling was designed to target mineralisation within the current pit design as outlined in the Pre-Feasibility Study, as well as high-grade extensions below and adjacent to the current pit design.

The key objective was to convert Inferred Mineral Resources contained in the open pit mining plan to the higher confidence Indicated Mineral Resource category as part of the Feasibility Study.

The Mertondale 3-4 open pit historically produced an estimated 179,300 ounces of gold from 1.3 million tonnes of ore at a recovered grade of 4.3 grams per tonne gold.

The mine plan includes an extension or cutback to the south of this historical pit. The recent drilling targeted this southern pit extension.

Wide zones of shallow mineralisation encountered within the pit design include:

MT16RC017
21 metres at 1.2 grams per tonne gold from 29m, including 5m at 3g/t gold;

MT16RC021
16m at 2.5g/t gold from 30m, including 9m at 3g/t gold; and

MT16RC024
9m at 2.1g/t gold from 39m, including 2m at 4.7g/t gold.

 “The latest results are very encouraging for two reasons,” Kin Mining chief executive officer Don Harper said in the company’s announcement to the Australian Securities Exchange.

“The infill drilling confirms the presence of high-grade gold within wide zones of shallow significant gold mineralisation, both within and outside the current pit design.

“These infill results will play a key role in upgrading the Resource to the Indicated category as part of the Feasibility Study.

“The extensional drilling has highlighted the strong potential to significantly grow the inventory and mine life at Leonora, further boosting the economic merit of the project.”

Email: info@kinmining.com.au

Website: www.kinmining.com.au