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Kin Mining Drilling Results Encourage Quick Follow-up Program

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported receipt of the final batch of assays from recent exploration-focused drilling programs at the company’s 100 per cent-owned Cardinia gold project near Leonora in Western Australia.

Kin Mining signalled it intends wasting little time to recommence drilling with planning already underway for the next phase of drilling scheduled to commence in the third week of June.

The company received assay results from recent Reverse Circulation (RC) drilling at the Lewis East prospect and air-core drilling at the Faye Marie prospect.

Drilling at Lewis East was designed to follow up on results achieved in the recent air-core program.

Kin declared the latest assays to have confirmed the presence of broad zones of gold mineralisation associated with disseminated sulphides.

Assays from Lewis East include:

LE20RC057
44 metres at 0.47 grams per tonne gold from 51m;

LE20RC048
11m at 0.62g/t gold from 53m;

LE20RC054
7m at 0.9g/t gold from 11m; and

LE20RC049
3m at 1.49g/t gold from 20m.

The results from Faye Marie produced an intercept of:

FM20AC058
4m at 2.99g/t gold from 48m.

Kin Mining said this had confirmed the prospectivity of this contact which comprises over a three-kilometre strike length between Faye Marie and the near-by Black Chief prospect.

“This wraps up the recent exploration at the Cardinia Gold Project, with the drilling outlining multiple new areas of mineralisation that require follow-up,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“As with any exploration program, we have had a range of results in terms of the assays, but we believe that we now have a much clearer picture of where to focus our efforts moving forward.

“The next phase of drilling will be significantly larger than the recently completed program and is scheduled to commence in the third week of June.

“We are confident that it has the potential to take the Cardinia Gold Project to the next level as one of the most exciting emerging exploration plays in the junior gold sector in Western Australia.

“We look forward to providing further information on the upcoming program in due course.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Kin Mining Drilling Continues Cardinia Gold Project Growth

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported final assay results from recently completed Reverse Circulation (RC) and air-core (AC) drilling at the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin mining conducted the drilling at the Cardinia Hill prospect (RC) and at the Helens East prospect (AC), both located approximately 2.5 kilometres from the proposed CGP processing plant site.

Assays were received for the remaining nine RC holes drilled at the Cardinia Hill discovery as well as a small extension to the air-core drilling program at Helens East.

Results include:

Cardinia Hill RC

CH20RC035
8m at 3.81 grams per tonne gold from 4m;

CH20RC038
8m at 2.38g/t gold from 18m and 9m at 2.31g/t gold from 56m;

CH20RC037
4m at 5.15g/t gold from 32m and 6m at 1.92g/t gold from 66m; and

CH20RC040
9m at 1.72g/t gold from 42m.

Helens East AC

HE20AC328
4m at 0.55g/t gold from 28m.

Kin Mining said the new results further extended the footprint of the Cardinia Hill discovery along strike to the north and down-dip, while also suggesting the presence of a cross-cutting structural host to the mineralisation, as opposed to the stratigraphy-parallel interpretation initially developed.

“We are continuing to build the geological picture at Cardinia Hill, with the latest results providing further important insights into what appears to be a significant zone of shallow mineralisation extending over a 500 metres strike length,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The final batch of assays from the recent RC program have continued to define high-grade zones and confirmed extensions of the mineralisation along strike to the north and down-dip.

“We now have a much clearer picture of the orientation and controls on the mineralised lodes, and we are looking forward to getting back into the field as soon as possible to drill out this exciting discovery to facilitate a maiden JORC Mineral Resource estimate.

“Cardinia Hill is just one of several emerging areas that we plan to drill aggressively in the coming months.

“While the final assays from the air-core program at Helens East were unsuccessful in confirming a significant northern extension of the Cardinia Hill mineralisation, there is plenty of follow-up work to do at Helens East and Helens South.

“We are awaiting final assays from Lewis East, which should be reported shortly, and planning is already underway on our next phase of exploration – which will encompass Cardinia Hill, Helens South/East, Comedy King/Faye Marie and other emerging areas that will be described more fully in an Exploration Update to be provided in the coming weeks.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Kin Mining Drill Results Highlight Cardinia Gold Potential

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported the latest assay results it has received from recent air-core and Reverse Circulation (RC) drilling at the company’s 100 per cent-owned Cardinia gold project near Leonora in Western Australia.

Kin Mining took receipt of assay results from RC drilling undertaken at the Comedy King prospect and air-core (AC) drilling at Comedy King and the Faye Marie prospects, located approximately 2.7 kilometres from the proposed processing plant site at Cardinia.

The assays results came from 12 Reverse Circulation (RC) holes drilled at Comedy King as well as 104 air-core holes drilled at Comedy King and 51 air-core holes drilled along the Faye Marie.

Better hits included:

Comedy King AC

CK20AC193
4 metres at 113 grams per tonne gold from 0m.

Comedy King RC

CK20RC142
2m at 8.1g/t gold from 37m;

CK20RC146
3m at 1.5g/t gold from 70m; and

CK20RC131
2m at 1.98g/t gold from 7m.

Faye Marie AC

FM20AC019
8m at 3.01g/t gold from 36m; and

FM20AC028
4m at 1.29g/t gold from 20m.

Kin Mining said the results build on the previous air-core drilling results from Comedy King and combine with the recent drilling at Faye Marie, supported by surface gold geochemistry, to demonstrate a coherent zone of gold mineralisation extending over a strike length of up to 3km.

The company also noted the intercept of 4m at 113g/t gold from surface at Comedy King, saying this highlights the potential for the Cardinia area to host extremely high-grade gold.

“Our exploration-driven strategy at the Cardinia gold project is continuing to gather momentum, with the latest batch of results demonstrating the potential for a large and coherent gold system extending from Faye Marie to Black Chief in the south and across to Comedy King,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The bonanza grade intercept of 4m at 113 grams per tonne from surface is a standout for air-core drilling, and clearly demonstrates the potential for exceptionally high gold grades at the Cardinia project.

“We are also developing a clearer understanding of the orientation and controls of the mineralisation in the Comedy King-Faye Marie-Black Chief corridor, and this area will be one of a number of areas to follow up in our next phase of drilling.

“In the meantime, a significant number of assay results are still in the pipeline from Cardinia Hill and Lewis East.

“We expect to receive these results over the next week or so with the objective of wrapping up all of the results from this phase of drilling by early June and planning our next exploration campaign thereafter.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Kin Mining Encounters Further Shallow Gold at Cardinia

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported assay results from recently completed drilling programs from the company’s 100 per cent-owned Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin Mining’s recent activity consisted Reverse Circulation (RC) drilling at the Cardinia Hill prospect and air-core (AC) drilling at the Helens East and Helens South prospects, all considered to be key emerging regional target areas at CGP.

The company said the new results build on previously announced shallow gold results and continue to highlight the potential to identify strong zones of new mineralisation at Cardinia.

New assays include:

Cardinia Hill RC

CH20RC025
7 metres at 2.44 grams per tonne gold from 117m and 5m at 1.21g/t gold from 13m;

CH20RC031
4m at 0.86g/t gold from 14m; and

CH20RC032
1m at 1.07g/t gold from 48m.

Helens South AC

HS20AC314
4m at 4.29g/t gold from 12m;

HS20AC285
8m at 1.8g/t gold from 4m;

HS20AC255
4m at 1.13g/t gold from 28m; and

HS20AC239
4m at 1.09g/t gold from 12m.

Kin declared the results at Cardinia Hill have confirmed the presence of several mineralised lodes with significant downdip extent, with shallow mineralisation now defined over a total strike length of 500 metres.

The Helens South AC results confirmed the presence of mineralisation beneath soil anomalies, in areas without any great historical workings and limited historical exploration.

“The recently completed Phase 2 RC and AC drilling program has already given us a significant insight into the enormous untapped exploration potential at the Cardinia Gold Project, with results still outstanding for almost two-thirds of the drilling,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The program was designed to follow up new discoveries made at Cardinia Hill, Comedy King and Lewis East in December last year and to commence first-pass air-core drilling on a number of other targets in the immediate Cardinia area.

“The results so far have reinforced our belief that Cardinia is a significantly mineralised area, worthy of considerable additional drilling and exploration in the coming months.

“So far in Phase 2, several new zones of mineralisation have been discovered at Helens South and Helens East to complement the Phase 1 discoveries.

“Cardinia Hill is shaping up as a significant new discovery with grades achieved so far that are significantly higher than those reported previously across the broader Cardinia Gold Project.

“While the assay results in CH20RC020 and CH20RC021 are not spectacular, they have confirmed the geological continuity of the mineralisation over at least 500m of strike length.

“Logging of follow-up RC drill holes CH20RC034 to CH20RC041 all showed strong alteration and sulphide mineralisation and we are looking forward to receiving these assay results.

“We have little doubt that Cardinia Hill will become a key area of exploration focus for us over the coming months.

“At Helens South and Helens East, air-core drilling has so far defined several new zones of mineralisation down to approximately 30 metres (the depth of penetration of the AC drill) which are co-incident with gold-in-soil anomalies generated from the recently completed Auger drilling program.

“This gives us confidence that the systematic approach we have adopted towards exploration at Cardinia is yielding good results and has put us on a clear pathway to make further significant discoveries.

“Further RC and AC drilling has been completed at Comedy King, Lewis East and Faye Marie.

“The company has approximately 3500 samples being analysed at the laboratory presently, and we are looking forward to reporting these results to the market as they are received.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Kin Mining Encouraged by Shallow Gold Hits at Cardinia

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) informed the market it has been encouraged by recent results from ongoing exploration drilling programs at the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining took receipt of initial assay results from Reverse Circulation (RC) drilling at the Cardinia Hill prospect and from air-core (AC) drilling at the Helens East prospects, both of which are located approximately 2.5 kilometres east of its proposed processing plant site at the CGP.

Kin Mining commenced drilling at Cardinia Hill, Helens East and Helens South prospects in March as part of a Phase 2 program designed to in-fill and extend the mineralisation it had previously encountered at the Cardinia Hill, Comedy King and Lewis East prospects.

First five RC holes all intersect ore grade mineralisation at Cardinia Hill, including:

CH20RC030
15 metres at 4.42 grams per tonne gold from 34m;

CH20RC028
17m at 3.29g/t gold from 10m;

CH20RC026
11m at 1.56g/t gold from 48m;

CH20RC027
5m at 3.06g/t gold from 53m and 7m at 1.83g/t gold from 94m; and

CH20RC029
6m at 2.28g/t gold from 52m and 4m at 1.92g/t gold from 70m.

Zones of shallow gold mineralisation were intersected in numerous air-core holes at Helens East, adjacent to Cardinia Hill.

Intersections from 4m composite sampling from the first three lines include:

HE20AC140
6m at 2.05g/t gold from 28m;

HE20AC191
12m at 1.06g/t gold from 0m; and

HE20AC221
33m at 1.08g/t gold from 0m.

The company is now waiting on assays for three lines of AC drilling at Helens South.

“These are some of the best results we have seen to date as part of our strategy to unlock the broader exploration potential of the Cardinia gold project, highlighting the opportunity to make substantial new gold discoveries in areas outside of the existing Mineral Resources,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The RC drilling program that commenced in March has delivered some outstanding intersections, characterised by sulphide mineralisation and alteration in all eight holes completed to date at Cardinia Hill.

“The sulphide-rich intersections and accompanying alteration zones in the first five holes have now returned broad widths of high-grade gold mineralisation with a distinctive suite of indicator minerals.

“Ore grade intersections have been encountered from close to surface and up to 100 metres below surface, indicating the potential to extend this style of mineralisation to considerable depth.

“In addition, the Cardinia Hill mineralisation has now been intersected in RC and AC drilling over a strike length of approximately 500 metres, and it remains open in all directions indicating the extensive nature of this style of mineralisation.

“The Phase 2 AC drilling program that commenced at Helens East and Helens South spans an area of approximately one kilometre by 2.5 kilometres sitting between the Helens and Cardinia Hill mineralised positions.

“The Helens East Aircore program consists of three lines of drilling at 200 metre line spacing.

“Assays have been returned for these initial lines and have yielded numerous anomalous zones worthy of follow up and ore grade zones of mineralisation in several holes.

“We are now looking forward to the return of the remaining Helens South AC results in coming weeks, which should allow us to prioritise which zones to test further with RC drilling.

“The discovery of high-grade mineralisation at Cardinia Hill and the expanding footprint of mineralisation at Helens East are both indicative of the potential for a very large mineralised system within the company’s Cardinia holdings.

“The mineralised system appears to be strongly sulphide associated and be controlled by the emerging Helens Fault and Lewis Fault structures.

“Our geological team now has a solid understanding of the controls on mineralisation and the part that the Helens Fault and Lewis Fault play in the distribution of gold at Cardinia.

“We are now exploring the area for large bodies of high-grade gold mineralisation and we continue to apply a systematic approach to their discovery and assessment.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Kin Mining Returns Further High-Grade Cardinia Results

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) received final results from drilling undertaken at the company’s Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining said the results came from one-metre split samples collected at Lewis East and Lewis West and were generated from an aircore (AC) drilling program completed in December 2019.

The company explained the 1m samples were collected from 4m composite samples greater than 0.1 grams per tonne gold, to allow for better definition of the mineralised zones.

Highlights included near-surface, high-grade zones of gold mineralisation confirmed at Lewis East of:

LE19AC036
11 metres at 3.85 grams per tonne gold from 24m, including 8m at 5g/t gold from 24m;

LE19AC044
6m at 3.63g/t gold from 9m, including 2m at 9.27g/t gold from 10m;

LE19AC034
19m at 1.04g/t gold from 14m, including 5m at 2.28g/t gold from 26m.

The drilling also confirmed low grade zones along controlling structures Lewis West, including:

LW19AC031
1m at 3.24g/t gold from 10m.

Kin mining interpreted the Lewis East results have added to previously released results and continue to confirm the presence of several lodes of high-grade gold mineralisation, within wider haloes of lower grade.

“The Lewis East mineralisation based on the four-metre composite assays was interpreted to be broad zones of medium grade material with occasional higher grade zones generally in a north east dipping orientation,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The one-metre split sampling has confirmed that the broad medium grade intersections generally contain a narrower, higher grade core of mineralisation displaying vein style pyrite mineralisation surrounded by lower grade disseminated sulphides and alteration.

“The one-metre sampling has helped the geological teams define the controls on the mineralisation more clearly.

“At Lewis East, the higher grade, north east dipping mineralised zones appear to be similar to the Lewis mineralisation located between 500 metres to 1000 metres to the north west within the Bruno-Lewis mineralised system.

“The Lewis East mineralisation occurs directly along strike of the two North east dipping Lewis lodes, which have undergone extensive historical RC and diamond drilling.

“Further RC drilling at Lewis East is planned to test the depth and strike extent of the Lewis East lodes and the potential continuity with the Lewis mineralisation.

“These veins appear to be initiated from north east trending faults associated with the rapidly expanding Lewis Fault system.

“The Lewis Fault system is intimately associated with mineralisation at the Lewis, Lewis East, Nevertire, Black Chief and the Comedy King deposits.

“These deposits are spread over an area covering approximately four-kilometres by two-kilometres and represent a cluster of deposits displaying both high-grade vein and lode style mineralisation and lower grade alteration halo mineralisation, all with a common geological control.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Kin Mining Getting Good Enjoyment from Comedy King

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) received final assay results from one-metre split samples at the company’s Cardinia gold project (CGP) in Western Australia.

Kin Mining collected the samples from the Comedy King target, generated from an aircore (AC) drilling program completed in December 2019.

The company explained the 1m samples were collected from 4m composite samples greater than 0.1g/t gold, to allow for better definition of the mineralised zones.

“Our initial interpretation at Comedy King based on the four-metres composite assays was a series of high-grade, narrow mineralised zones striking east-west and dipping to the north,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The one-metre split sampling has supported this view and helped the geological teams interpret the mineralisation more clearly.

“At Comedy King, several quartz sulphide veins exist within broader, lower grade alteration halo mineralisation.

“These veins appear to be initiated from north east trending faults associated with the rapidly expanding Lewis Fault system.

“The Lewis Fault system is intimately associated with mineralisation at the Lewis, Lewis East, Nevertire, Black Chief and now the Comedy King deposits.

“These deposits are spread over an area covering approximately four kilometres by two kilometres and represent a cluster of deposits displaying both high-grade vein and lode style mineralisation and lower grade alteration halo mineralisation, all with a common geological control.

“In addition to the primary mineralisation at Comedy King, aircore drilling has also intersected shallow high-grade mineralisation associated with an interpreted alluvial channel.

“Alluvial channels in the area are extensive and represent an additional near surface exploration target for the company.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Kin Mining Identifies High-Grade Cardinia Mineralised Zones

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THE DRILL SERGEANT: Kin Mining (ASX: KIN) received assay results from aircore (AC) drilling undertaken at the company’s Cardinia gold project in Western Australia.

Kin Mining reported receipt of results from one metre split samples generated by AC drilling it completed in December 2019 at the Cardinia project.

The company explained it collected one metre samples from 4m composite samples greater than 0.1 grams per tonne gold to allow for better definition of the mineralised zones.

Kin declared the results continue to confirm the overall grade of the composite samples and have defined high-grade cores within the wider mineralised zones shown in the 4m composite sampling.

The company is now carrying out a full interpretation of all the recent drilling results in conjunction with previous drilling results and has follow up drilling expected to be commencing later in March 2020.

“The aircore drilling program completed in December 2019 was successful at defining three new deposits at Comedy King, Lewis East and Cardinia Hill where wide intersections of gold mineralisation with areas of high-grade were encountered in four metre composite sampling,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The mineralised zones highlighted by four metre composite sampling are now being refined with the one metre sampling.

“At Cardinia Hill, the western half of Comedy King and northern part of Lewis East, a clear pattern is emerging.

“Results have confirmed the higher-grade nature of the mineralisation across generally narrower zones associated with strong alteration, sulphides in the fresh ores and quartz veining.

“The alteration zones around high grade intersections also exhibit mineralisation which is typically lower grade.

“The high-grade zones are being used to enhance the targeting for the upcoming RC drilling program and the proposed step out aircore drilling program scheduled for commencement later this month.

“The success of this first aircore drilling program at defining very significant mineralisation separate to the know deposits at the CGP indicates the Cardinia area contains an abundance of mineralisation that warrants significant drilling.

“There is strong potential to define additional high-grade mineralisation to compliment the Mineral Resources already defined and enhance the economics of the Pre-Feasibility Study completed in August 2019.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Kin Mining Completes Cardinia PFS

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THE BOURSE WHISPERER: Kin Mining (ASX: KIN) announced the completion of a Pre-Feasibility Study for the company’s 100 per cent-owned Cardinia gold project in the North-Eastern Goldfields of Western Australia.

Kin Mining claimed the 2019 PFS had confirmed the Cardinia project as being both technically sound and capable of generating solid free cash flows with healthy leverage to the Australian dollar gold price.

The PFS was based on two open pit mining centres at Cardinia and Mertondale which supply a 1.5 million tonnes per annum conventional CIL processing plant centrally located at Cardinia.

The PFS is based on an Ore Reserve Estimate of 7.9 million tonnes at 1.1 grams per tonne gold for 283,000 ounces and a Production Estimate of 11.4 million tonnes at 1.09g/t gold for 398,000 ounces, which delivers a forecast 368,000 ounces of recovered gold.

The Cardinia gold project contains Measured, Indicated and Inferred Mineral Resources of 18.2 million tonnes at 1.44g/t gold for 841,000 ounces of contained gold

“Over the past 12 months Kin has successfully reset the Cardinia Gold Project on a strong foundation of reliable technical and financial estimates which underpin the Pre-Feasibility Study,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The outcomes show we have a project with production potential and significant leverage to the currently strong Australian dollar gold price, however the Board has determined to prioritise opportunities to add higher margin ore feed while development studies continue at an appropriate rate.

“Exploration completed by Kin and previous explorers at the CGP has focused on historic mining centres in areas of surface outcrop.

“Around 60 per cent of the tenement area is located under shallow, transported cover and has been subject to little modern exploration.

“A program of mapping, geochemical sampling and geophysics is under development to target new discoveries in these underexplored parts of proven mining corridors.

““The potential to enhance our mineral inventory through regional consolidation opportunities will also be evaluated given Kin’s location in the active Leonora region with processing infrastructure which has been purchased and partially developed.

“Other alternative strategic options may also be considered.”

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

Kin Mining Completes $2.1M Placement

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THE BOURSE WHISPERER: Kin Mining (ASX: KIN) completed a share placement of 42 million shares at five cents per share existing sophisticated shareholders, raising $2.1 million.

Kin Mining said the funding will enable it to complete the Pre-Feasibility Study for the company’s Cardinia gold project and provide additional working capital for the next phase of work on the project assessment after consideration of the PFS outcomes by the Board.

The PFS is due for completion shortly.

“We continue to be encouraged by the support of our major shareholders,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The additional funding puts Kin in a stronger financial position to finalise the Pre-Feasibility Study for the Cardinia gold project and commence the next phase of project assessment and development work.”

 

Email: info@kinmining.com.au

Website: www.kinmining.com.au