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Kin Mining NL targets high-grade gold deposits in the Eastern Goldfields

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Kin Mining NL (ASX:KIN) will start drilling for gold in early May at the Merton’s Reward in the Leonora project, Western Australia, where reverse circulation drilling in November 2015 intersected 5 metres at 7.99 g/t gold from 59 metres depth.

The Merton’s Reward lodes were mined extensively in the early 1900s with total production of 90,000 tonnes at 21 g/t gold for 60,524 ounces, making it one of the highest grade deposits in the Eastern Goldfields.

The T2 target at the Merton’s Reward is the extension of the interpreted shallow north plunging ore shoot that was the one of the main ore feeds during early production.

The recent drilling at the T2 target defined a down plunge extension to the Merton’s Reward ore shoot and intersected a broad zone of mineralisation of 29 metres at 1.34 g/t gold from 155 metres depth.

The newly defined broad zone of mineralisation occurs below the current Merton’s Reward Resource (1.08 million tonnes at 2.6 g/t gold for 91,000 ounces) and is open along strike and down plunge.

This result is considered highly encouraging because it demonstrates that the Merton’s Reward ore body is persistent at depths below the historic underground workings.

The upcoming 3500 metres drill program is designed to intersect the down plunge extension of the Merton’s Reward ore zone as well as the poorly tested lower lode extension of the T1 target.

 

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ASX:KIN
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