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Kin Mining has strong gold results from Leonora, new resource estimate imminent

Phase I gold results from drilling at the Helens prospect show lode continuity at depth.
View of Leonora project site
The Leonora project is in Western Australia’s north-eastern Goldfields

Kin Mining NL (ASX:KIN) has received further strong gold assays from drilling at Helens prospect, which is part of the Cardinia Mining Centre at the Leonora Gold Project in Western Australia.

A combination of medium and high-grade intersections from phase I drilling have illustrated lode continuity at depth.

Results at depths from Helens Main lode include 3.9 metres at 10.1 g/t gold from 170.9 metres, 4.7 metres at 2.1 g/t from 151.8 metres, 5.7 metres at 1.5 g/t from 234.4 metres and 3.9 metres at 2.0 g/t from 177.4 metres.

A notable near-surface Helens Main intersection was 10.0 metres at 1.2 g/t from 35 metres.

READ: Kin Mining intersects strong gold grades at Leonora project, progresses production bore

Kin has completed a revised geological model with drill results to be incorporated in a new mineral resource estimate which will be released early this month.

Plan of Helens phase I drilling with recent significant intersections.

The phase I program consisted of 15,018 metres of reverse circulation and diamond drilling.

This was focused on testing the mineralised lodes to a depth of 150 metres below surface and advancing the geological and structural understanding of the area.

A number of auriferous structures were intersected.

Infill drilling of near-surface mineralisation to a minimum drill density of 40 metres by 40 metres was also completed.

 

Helens Main Lode is a steep dipping, continuous, linear structure over 1,500 metres of strike length which has been intersected down to a maximum depth of 180 vertical metres.

It varies in width from 2 metres to 18 metres downhole and assays generally in the 2.0 g/t to 4.0 g/t range.

Two notable higher grade zones exist in the Central and Southern parts of the structure while several other lode structures have also been intersected generally to the east of Helens Main.

These warrant further drilling.

READ: Kin Mining negotiates flexibility for credit facility with Sprott

Final phase I assay results continue to endorse the Helens area as capable of development into an expanded open pit mining centre with generally higher grade than the existing mineral resource and mine plan.

Plan view of the Leonora Gold Project.

Phase II drilling planned

Following release of the new resource estimate, preliminary optimisation and pit design works will be undertaken to identify areas where additional drilling is warranted to reduce risk and improve the resource estimate quality.

This phase II drilling is scheduled to begin in the December 2018 quarter.

Metallurgical test work is underway with a suite of core samples separated into a number of metallurgical domains selected.

This work will focus on primary mineralisation to a depth of 150 metres and results are expected during the December quarter.

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