THE DRILL SERGEANT: Kin Mining (ASX: KIN) has updated Mineral Resource Estimate (MRE) for the Cardinia Hill deposit, part of the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining’s updated Mineral Resource Estimate for the Cardinia Hill deposit comes to 2.2 million tonnes at 1.5 grams per tonne gold for 106,000 ounces of contained gold, representing an increase of 45,000 ounces from the previous estimate.

The updated MRE is based on a gold price of $2,600 per ounce, implementing cost guidance from the Pre-Feasibility Study with mining cost assumptions increased from previous optimisations and with a lower cut-off grade of 0.4g/t gold.

The MRE contains a higher-confidence Indicated Resource, which has increased to 38,000 ounces.

The Resource includes a maiden UG Inferred Mineral Resource estimate of 125,000 tonnes at 2.71g/t gold for 11,000 ounces at a 2g/t gold cut-off grade.

Kin mining has further updates pending for multiple deposits across the CGP, which are outside the MRE, including Bruno-Lewis, Eagle-Crow, Mt Flora and Iron King.

The company anticipates to regularly update its Mineral Resource inventory as drilling results are progressively received from its Phase 4 drilling program across the Cardinia Gold Project.

“This is another pleasing update to the Cardinia Hill project Resource, delivering a 72 per cent increase in contained ounces, while also ensuring the project-wide MRE is constrained by optimised pit shells and is based on the latest gold price and operating cost assumptions,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“We are pleased to have delivered a Mineral Resource of over 100,000 ounces for the recently-discovered Cardinia Hill deposit, including a maiden Underground Mineral resource estimate.

“We believe that Cardinia Hill and several of our other deposits hold potential for similar underground estimates where we see strong potential for MRE growth and category upgrades with further drilling.

“We also have a strong pipeline of deposits that are yet to be fully assessed which are outside the latest Mineral Resource Estimate, including Eagle-Crow, Mt Flora, Iron King and further depth extensions to Bruno-Lewis deposit with further updates expected during 2022.”

Email: info@kinmining.com.au

Web: www.kinmining.com.au

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported on follow up air-core (AC) drilling undertaken at the Mount Flora prospect, located 20 kilometres from the company’s 100 per cent-owned 1.23 million ounces Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining reported the drilling had intersected zones of shallow, high-grade, gold mineralisation, returning several strong intercepts such as:

MF21AC710
8 metres at 3.75 grams per tonne gold from 32m; and

MF21AC715
16m at 1.16g/t gold from 24m.

These results were encountered along strike from drill-hole MF21AC522 which intersected:

22m at 8.96g/t gold from 24m.

Other results included:

MF21AC524
8m at 2.79g/t gold from 28m.

Kin Mining declared the results confirmed the discovery of an important zone of new mineralisation, which has rapidly elevated the Mount Flora prospect as a priority for the company’s exploration team.

“While still early days, Mt Flora has all the hallmarks of a significant new discovery which is quite different to what we’ve seen in the Cardinia area before,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The aircore drilling has so far outlined a substantial mineralised position in the eastern side of our tenure and an additional smaller zone in the north-west.

“The eastern zone contains numerous ore grade hits in shallow drilling within a zone extending over at least 700 metres in length and up to 150 metres wide.

“New intersections such as 8m at 3.75g/t gold and 16m at 1.16g/t gold support earlier spectacular intersections such as 22m at 8.96g/t gold and 8m at 2.79g/t gold in the first pass of shallow air-core drilling in a new area.

“The eastern zone has been intersected on all eight lines of 100m spaced drilling returned to date and remains open to the north and east – suggesting that this is shaping up as a potential discovery of considerable scale and potential for Kin.

“Given the widespread nature of the ore grade intercepts we have seen, we will now move to a broad-spaced RC and diamond drilling program at Mt Flora as a priority.

“We will be pushing hard to get the first deeper drilling into this area as quickly as possible while we wait for the remaining assays to confirm potential extensions to the eastern mineralisation and the other complementary zones.

“Mount Flora formed part of the original Kin Mining IPO but has had relatively little exploration attention until recently when the regional exploration program commenced.

“This program is targeting potential satellite discoveries which can be complementary to our central Cardinia asset.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@kinmining.com.au

Web: www.kinmining.com.au

THE DRILL SERGEANT: Kin Mining (ASX: KIN) signalled its intentions to step up exploration activity across a number of satellite projects located outside the company’s 1.23 million ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin Mining owns six separate projects located east and west of the centrally located CGP, which the company has been advancing with a range of exploration activities over the past 12 months including ground-based geophysical surveys, surface auger soil geochemical surveys and first-pass air-core (AC) drilling programs to evaluate their prospectivity.

Upcoming regional exploration activities are to include RC drilling to follow up the recently discovered shallow high-grade gold mineralisation in first-pass air-core (AC) drilling at the Mount Flora prospect, 20km east of Cardinia, where best results included:

MF21AC522
22 metres at 8.96 grams per tonne gold from 24m.

Kin Mining stated the objective of the regional program is to systematically test the wide range of exploration opportunities across the company’s broader tenement holding to determine the potential for new discoveries and emerging satellite or standalone opportunities surrounding the Cardinia Gold Project.

“The purpose of the regional exploration program across the gold-based projects is to provide an initial assessment of the mineralisation style and gold grade and determine whether each project has the potential to be a viable stand-alone project or would more naturally provide potential satellite feed to a future CGP based mining and processing operation,” Kin Mining said in its ASX announcement.

“The key parameters governing these two potential development options is the distance from Cardinia, potential alternative treatment options, project size and mineralisation grade.

“Other projects in the portfolio of tenements also offer nickel sulphide exploration potential and these are being assessed in parallel with the gold project evaluation.”

Email: info@kinmining.com.au

Web: www.kinmining.com.au

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported an encounter with zones of shallow, high-grade gold mineralisation via a recently completed air-core (AC) drilling program at the Mount Flora prospect, located 20 kilometres from the company’s 100 per cent-owned 1.23 million ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin Mining said the results have rapidly elevated the Mount Flora prospect as a priority for the company’s exploration team.

Results included:

MF21AC522
22 metres at 8.96 grams per tonne gold from 24m, including 8m at 21g/t gold from 32m;

MF21AC525
8m at 2.79g/t gold from 28m;

MF21AC432
8m at 2.47g/t gold from 16m;

MF21AC427
13m at 0.97g/t gold from 20m; and

MF21AC523
12m at 0.95g/t gold from 0m.

“These are spectacular results for air-core drilling which have rapidly elevated Mount Flora as a high priority for our exploration team,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“It’s not often you hit 22 metres at nine grams per tonne, including eight metres at 21 grams per tonne in the very first pass of shallow air-core drilling in a new area.

“Together with the encouraging results returned from other holes across the prospect, this is clearly an area which demands rapid follow-up!

“Mount Flora formed part of the original Kin Mining IPO but has had relatively little exploration attention given our focus on the main deposits at Cardinia.

“The area hosts numerous historic workings but has barely been touched since limited RAB drilling by Sons of Gwalia in the 1980s.

“Given its strategic location within economic haulage distance of the Cardinia Project, we will be pushing hard to get more drilling in to this area as quickly as possible.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@kinmining.com.au

Web: www.kinmining.com.au

THE DRILL SERGEANT: Kin Mining (ASX: KIN) has highlighted the potential of the Cardinia Hill deposit to expand the current 61,000 ounce Inferred Mineral Resource at the company’s 100 per cent-owned Cardinia Gold Project (CGP), near Leonora in Western Australia.

Kin Mining reported wide, high-grade assay results from an initial Reverse Circulation and diamond Resource Definition drilling program at the Cardinia Hill deposit, located two kilometres from the project’s proposed processing plant location.

The company declared the results have confirmed its understanding of the geology in the oxide and sulphide zones at Cardinia, with assays including:

CH21RC142
8 metres at 14.9 grams per tonne gold from 194m;

CH21DD093
12m at 7g/t gold from 80.6m;

CH21RC116
13m at 5.98g/t gold from 38m; and

CH21RC112
24m at 3.12g/t gold from 19m, including 9m at 6.95g/t gold from 34m.

“This is a great way to close-out the first quarter, with the first batch of assays from the Resource Definition drilling program at Cardinia Hill well and truly coming up with the goods,” Kin Mining managing director Andrew Munckton exclaimed in the company’s ASX announcement.

“The results have exceeded our expectations and upgraded the potential of this deposit, as well as our understanding of, and growing confidence in, the emerging Eastern Corridor which hosts Cardinia Hill and numerous other recently defined targets.

“The recent drilling has intersected high-grade gold associated with pyrite mineralisation at shallow depths in the Southern Shoot and strong intersections were also achieved at depth within the extension of this shoot of mineralisation.

“The number of results exceeding 30 gram-metres, plus standout intercepts such as 8 metres at 14.9 grams per tonne gold from 194m down-hole in CH20RC142, 12 metres at 7 grams per tonne gold from 80.6m down-hole in CH21DD093 and 13 metres at 6 grams per tonne gold from 38m down-hole in CH20RC116 in the main lode position, demonstrates the continuity of the high-grade zone to significant depths at the Southern Shoot and augurs well for an improving grade profile for the near-surface component and the overall deposit.

“The 25 metres by 25 metres Resource Definition drilling program, with a strong diamond drilling component, is giving the geological team a detailed understanding of the controls on the mineralisation at Cardinia Hill and has confirmed the importance of porphyry intrusions as a controlling factor in the distribution of the high-grade mineralisation.

“Deeper diamond drilling is also providing new insights into the depth extensions of the Southern Shoot into potential underground mining positions.

“This information is now being applied to the remaining drilling at Cardinia Hill and the upcoming drilling at other Eastern Corridor targets, which is now well underway.

“Elsewhere across the project, air-core drilling at 200 metres line spacing over the Eagle soil geochemical anomaly located on the western side of the CGP is nearing completion and RC drilling has commenced to test the seven targets in the Eastern Corridor which were highlighted in the recent gravity survey work.

“These targets have the potential to reveal new discoveries for the company similar in scale to Cardinia Hill and align with our view that the Cardinia area hosts a number of potentially large, high-grade positions across the project area.

“Underpinned by a strong bank balance, our 2021 exploration campaign is now off to a flying start and we are very optimistic about what we can deliver for our shareholders with the drill rig this year!”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@kinmining.com.au

Web: www.kinmining.com.au