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Kin Mining NL mines first ore from Leonora Gold Project in WA

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Kin Mining NL (ASX:KIN) has taken an important step towards becoming a gold producer by mining the first ore from the Lewis Open Pit at the Leonora Gold Project in Western Australia.

The Lewis trial mining operation is viewed as a low-cost open cut mining exercise that will test the high grade portion of the larger Cardinia supergene resource.

The trial mining operation will determine the economic viability of extraction and processing of the Bruno-Lewis Cardinia resource, which currently stands at 139,400 ounces of gold at 1.3 g/t.

Kin Mining will aim to obtain accurate specific gravity data from the operation that will be incorporated into the resource model and determine the metallurgical recovery rate of the Cardinia ore.

The company has also started negotiations for toll treatment of the Lewis ore at the Lakewood Gold Processing Facility owned by Golden Mile Milling Pty Ltd.

The acquisition of the Leonora Gold Project, with a total resource of 722,300 ounces of gold, has provided Kin Mining with a head start against peers.

The most prospective area within Leonora is the Mertondale deposit, containing 395,000 ounces of gold.

The recent progress for Kin comes at an opportune moment as the gold price in Australian dollars continues to be ebullient.

 

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Quick facts: Kin Mining NL

Price: 0.038 AUD

ASX:KIN
Market: ASX
Market Cap: $20.78 m
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