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Kin Mining resumes drilling at Leonora Gold project in Australia

Published 01 March 2018

Kin Mining has announced that drilling has resumed at its Leonora Gold Project located in Australia.

An initial RC drilling program has been approved to extend the gold Resource at the Kyte orebody.

Kin’s 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.”1 Kyte currently has an Indicated Resource of 21,000 ounces of gold and is presently open along strike in both directions and down dip.The Definitive Feasibility Study has Kyte at the front end of the production schedule due to very positive economics, therefore, better defining the extent of mineralisation is a high priority. Increasing the Resource at Kyte will enable Kin to provide greater flexibility within the mine plan.

The Kyte orebody has a very good stripping ratio of 2.7:1 with a C1 cash cost of $727 per Oz (AISC of $770 per Oz) and has a Resource to Reserve conversion of 86%.Having the Kyte deposit mined early in the life of the LGP aids in quickly paying back the debt facility.

This round of drilling will further explore the extensions to the south, as there are currently constraints to drilling to the north.

Source: Company Press Release