Kin Mining reports encouraging results and outlines exploration strategy

Kin Mining NL (ASX: $KIN) has reported encouraging initial results from its recent follow-up diamond drilling program at the Cardinia Gold Project. The company completed a 5-hole, 2498.8m diamond drilling program, with preliminary results confirming the potential for an economic base metal discovery at the Albus prospect. The program also included two holes to test deep gold targets at Cardinia Hill and Helens, with assay results pending. Kin Mining is well funded with $86 million in cash and liquid assets as of 25th March 2024.

Executive Chairman's commentary on exploration results and strategy

The recent diamond drilling results are very encouraging and have provided further strong evidence of the potential for VHMS style mineralisation at Cardinia, opening up a significant exploration opportunity both along strike and in parallel horizons. Meanwhile, a review of the Mertondale gold deposits has highlighted an opportunity to further de-risk and add value to our retained gold resource base of 11Mt @ 1.2g/t. With many projects in the Leonora/Laverton area lacking sufficient scale or funds to be able to advance independently, a cashed-up Kin is able to review these with the aim of undertaking further M&A or investment. We are seeing a general lack of funds for junior miners and exploration companies nationwide and this provides a significant opportunity for Kin at an important point in the commodities cycle.

Summary of exploration results and outlook

Kin Mining's recent diamond drilling program at the Cardinia Gold Project has delivered encouraging results, confirming the potential for an economic base metal discovery at the Albus prospect. The company's exploration strategy includes continued base metals exploration, enhanced gold exploration, and active M&A potential in the Leonora gold district. With a well-funded position, Kin Mining aims to increase the value of its remaining gold assets and pursue opportunities for further M&A or investment. The company's focus on systematic exploration across the Cardinia Mining Centre demonstrates its commitment to advancing multiple targets in parallel and expanding its mineral resource base.