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Kin Mining NL

Kin Mining upgrades Cardinia gold resource ahead of pre‐feasibility study results

The company has developed an excellent understanding of the mineralisation at Cardinia through drilling programs and geological modelling.

project area
Increase in total tonnage, grade and contained gold ounces

Kin Mining NL (ASX:KIN) has upgraded the Bruno‐Lewis resource to 7.7 million tonnes at 1.05 g/t gold for 259,000 ounces, based on the results of five diamond drill holes completed in March 2019.

This increases the total resource for Kin’s Cardinia Gold Project (CGP) in WA to 18.2 million tonnes at 1.44 g/t Au for 841,000 ounces.

Notably, Kin has achieved an increase in total tonnage, grade and contained ounces compared to its March 2019 estimate.

Mineral resource table

Bruno‐Lewis is a key deposit within the CGP and is targeted to be a key provider of baseload feed for the proposed processing plant, located 1 kilometre east of Bruno‐Lewis.

Kin has completed the revised geological model and resource estimate based on the results of five diamond drill holes completed in March 2019 which were not incorporated in the previous estimate.

The new data inputs have resulted in a significant improvement in the robustness and quality of the resource.

Project map of the Cardinia Gold Project, showing major prospects and current tenure

Kin managing director Andrew Munckton said: “This update to the Bruno‐Lewis model and the mineral resource estimate is a further important step towards updating the ore reserve and pre‐feasibility study for the CGP which we expect to be complete this month.

“Our geological team has developed an excellent understanding of the mineralisation at the CGP through drilling programs and geological modelling completed over the last 12 months which will support future exploration activities throughout our dominant landholding in the Cardinia and Mertondale areas.”

READ: Kin Mining will use $2.1 million placement funds to finalise Cardinia gold PFS

The new resource provides a solid foundation for an updated CGP ore reserve estimate,
ahead of the pre‐feasibility study expected to be released in late July.

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Kin Mining MD updates on development of Cardinia gold project near Leonora

Kin Mining NL (ASX:KIN) managing director Andrew Munckton updates Proactive Investors on development of the Cardinia gold project, near Leonora in Western Australia. Results from 16 of 51 holes drilled at both the Lewis and Helens prospects have been released so far. Munckton says,...

on 20/2/19

2 min read