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Kin Mining non-executive director demonstrates confidence with on-market purchase

The company’s focus is on exploration targeting new, high-value, higher-grade gold discoveries and prioritising areas close to the proposed Cardinia processing plant.

Kin Mining NL - Kin Mining non-executive director demonstrates confidence with purchase of shares on market
The Cardinia Gold Project is in the highly prospective North-Eastern Goldfields region of Western Australia

Kin Mining NL (ASX:KIN) non-executive director Hansjoerg Plaggemars has demonstrated confidence in the company through the purchase of shares on-market.

On September 22 Plaggemars acquired 45,000 shares at 17 cents per share in an indirect interest, increasing the number of securities held in that interest to 216,428 shares.

This follows the purchase made by chairman Joe Graziano on September 17.

Chairman's acquisition

Graziano acquired 250,000 shares on September 15 at 16.3 cents per share in an indirect interest.

This increased the total number of securities held in this interest to more than 7.722 million with another 2,627,680 shares held in another indirect interest.

On September 14 Kin Mining received drilling results, which highlighted a large mineralised sulphide system over a 3.2-kilometre strike length within the Cardinia Gold Project (CGP) in WA.

East Lynne trend is around 3 kilometres northeast of the proposed plant site at the CGP and is a large greenfields gold target identified over the past 12 months as a result of systematic exploration work by Kin’s geological team.

Quick facts: Kin Mining NL

Price: 0.23 AUD

Market: ASX
Market Cap: $161 m

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on 20/2/19

2 min read