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March 5, 2018

Kin Mining resumes drilling at Leonara Gold Project in Western Australia

Kin Mining has resumed drilling at its Leonora Gold Project in Western Australia following the receipt of approval for an initial RC drilling programme, which aims to extend the gold resource at the Kyte orebody.

Kin Mining has resumed drilling at its Leonora Gold Project in Western Australia following the receipt of approval for an initial RC drilling programme, which aims to extend the gold resource at the Kyte orebody.

Kyte currently holds an indicated resource of 21,000 ounces (oz) of gold and is open along strike in both directions, as well as down dip.

A definitive feasibility study was previously carried out at the Kyte orebody, which returned positive results.

The findings from the research encouraged Kin Mining to place greater focus on its operations at the site.

“We are determined to grow our resource base and to improve on our reserve conversions through 2018 as we ramp up to production.”

The company noted that expanding the resource at Kyte will enable them to offer improved flexibility within the mine plan.

Kin acting managing director Trevor Dixon said: “We are excited to be getting back to drilling at the Leonora Gold Project and following up on the strong results that were delivered by our geology team in 2017.

“We are determined to grow our resource base and to improve on our reserve conversions through 2018 as we ramp up to production.”

The Kyte orebody currently has a stripping ratio of 2.7:1 with a C1 cash cost of $727 per oz.

Kin intends to mine the Kyte deposit early in the life of the project with a resource-to-reserve conversion of 86% in order to help pay back the company’s incurred debt.

It is reported that this round of drilling will further explore extensions to the south, as there are currently constraints on expanding drilling to the north of the site.

Kin Mining is a gold development company possessing a significant tenement portfolio in the north-eastern Goldfields region of Western Australia.

The company has forecasted an average production rate of 55,000oz per year following definitive feasibility studies on the Leonora Gold Project.

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