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Kin Mining NL continues gold streak at Leonora Gold Project

The Leonora Gold Project currently hosts 721,000 gold ounces.
Kin Mining NL continues gold streak at Leonora Gold Project
Highlights include 23 metres at 1.9 g/t gold

Kin Mining NL (ASX:KIN) has once again intersected broad zones of gold at its Leonora Gold Project in Western Australia.

Highlights include: 23 metres at 1.9 g/t gold; and 19 metres at 2.3 g/t gold.

The latest results come from the final seven holes of the drilling campaign at the Mertondale area.

Four holes were completed at Mertondale 3 for a total of 671 metres and three at Mertons Reward for a total of 363 metres.

Don Harper, chief executive officer, said the latest results confirm the continuity of mineralisation.

"The recent successful drilling at Mertons Reward and Mertondale 3 highlights the outstanding potential of the Mertondale system.

"Recent drilling has confirmed the system is open along strike and at depth. We remain confident that there is a lot more gold to be found."


Next drilling

The reverse circulation rig has moved to the Cardinia area where shallow oxide resource drilling continues at the Kyte, Rangoon and Helens deposits.

Drilling is targeting an increase in the confidence level of the resource.


Analysis

The latest gold intersections are expected to underpin an upgrade in the Leonora Gold Project’s resources.

The project currently hosts 721,000 gold ounces.

The new resource will be calculated as part of the Definitive Feasibility Study, which is on track for completion in the middle of this year.

First gold production is scheduled for mid-2018.

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Kin Mining NL Timeline

Newswire
February 14 2017

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