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Kin Mining delivers good water supplies and concentrate recoveries at Cardinia

KIN leader Andrew Munckton will present at the RIUExplorers Conference in Fremantle on Thursday.
An aerial photograph of Kin Mining's Cardinia Gold Project near Leonora in WA
Kin is continuing its evaluation efforts at its project near Leonora

Kin Mining NL (ASX:KIN) (FRA:8KM) has unveiled positive results from water supply and infrastructure test work at its Cardinia Gold Project (CGP) in WA after reporting encouraging drilling results yesterday.

The company said work programs were progressing well on several fronts, with its water bore drilling and test pumping showing adequate water supplies.

READ: Kin Mining paves way for gold resource updates at Cardinia project

Cardinia project’s Bummer Creek bores tested to combined 35 to 40 litres a second while the Cardinia Creek bores flowed at 25-30 litres a second.

The company believes this supports a steady-state water use requirement of 50 litres a second and peak demand of 70 litres a second.

Sterilisation drilling at Lewis Waste Dump and Tailings Storage Facility and Helens Waste Dump is complete, with assaying in progress.

BIG PICTURE: Kin Mining well funded as it drills Lewis prospect at Cardinia project near Leonora

Metallurgical test work in fresh rock showed good recovery during Kin’s efforts.

A gravity recovery of 17-20% gold was achieved on Master composites.

Kin did well with coarse grinds, telling the market today: “Coarse grind appears optimal which has positive implications for future operating costs compared to previous estimates.”

READ: Kin Mining repays credit facility with Sprott as it advances the Leonora Gold Project

The Lewis prospect had 92.8% total recovery at 150um grind while Helens prospect had 85.4% total recovery at a 106um grind.

Cyanide and lime consumption was low.

Variability testing will continue to optimise grind size, with the company reporting it was on track to complete the test work program in the June quarter.

A sulphide, mostly pyrite concentrate (LHS), from Lewis Fresh ores. 
Gold recovery for Lewis Master composite samples is about 0.41 g/t gold or 20%.

Kin yesterday unveiled returned results from drilling at Lewis and Helens prospects.

An updated resource is also expected in the June quarter.

At Lewis, eight diamond holes were drilled for 1,242 metres and 1,472 additional metres of reverse circulation (RC) drilling.

Seven of the eight diamond holes have been returned, with one still to come back from the laboratory.

Best results from the seven diamond holes were:

4.9 metres at 18.8 g/t gold from 201.3 metres;
2.2 metres at 5.0 g/t from 18.1 metres;
11.0 metres at 1.94 g/t from 103.0 metres, including 2.8 metres at 5.9 g/t from 103.0 metres; and
2.7 metres at 3.2 g/t from 123.0 metres.

Results from the Lewis RC holes are still to come.

READ: RIUExplorersConference has packed program of presenters

At Helens, 14 diamond holes were drilled for 1,085 metres while RC drilling took in 837 metres.

Assays have been received from nine of the diamond holes with best results being:

7.1 metres at 4.7 g/t from 45.3 metres;
7.8 metres at 3.4 g/t from 13.2 metres and 3.5 metres at 2.7 g/t from 60.5 metres; and
8.1 metres at 1.1 g/t from 20.6 metres.

The company’s ongoing drilling program is now moving to Cardinia’s Mertondale 5 and Bruno prospects.

KIN managing director Andrew Munckton will deliver a 12.25pm presentation this Thursday at the February 19-21 RIUExplorers Conference 2019 at Esplanade Hotel Fremantle. You can find the company at stand 32, near the cool drinks area.

— with John Miller


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