Kin Mining (ASX: KIN) has logged a 45,000 ounce increase to contained gold in an updated mineral resource estimate for the Cardinia Hill deposit within its Cardinia Gold Project in Leonora, Western Australia.
The updated indicated + inferred MRE now stands at 2.2 million tonnes @ 1.5 g/t Au for 106,000 ounces of gold, representing a 74% increase from the previous MRE announced earlier this year.
“We are pleased to have delivered a Mineral Resource of over 100,000 ounces for the recently-discovered Cardinia Hill deposit”
Importantly, gold in the higher-confidence indicated category has increased to 38,000 ounces. The MRE also includes a maiden underground inferred amount of 125,000 tonnes @ 2.71 g/t Au for 11,000 ounces, utilising a 2.0g/t Au cut-off grade.
Addressing the update, Kin Mining Managing Director Andrew Munckton said: “We are pleased to have delivered a Mineral Resource of over 100,000 ounces for the recently-discovered Cardinia Hill deposit, including a maiden Underground Mineral resource estimate. We believe that Cardinia Hill and several of our other deposits hold potential for similar underground estimates where we see strong potential for MRE growth and category upgrades with further drilling.”
Kin reports that the 45,000-ounce gold increase can be attributed to a number of factors including depth extensions of high-grade mineralisation in the southern and northern lodes, extensions of the Cardinia Hill deposit along strike, and closer-spaced near-surface drilling in the southern lode.
Additional updates to mineral resource inventory are expected as further drill results are received, with updates pending for multiple deposits outside of the MRE including Bruno- Lewis, Eagle-Crow, Mt Flora, and Iron King.