ASX Announcement

24 October 2019

ASX: KIN

Kin Mining NL

342 Scarborough Beach Road

Osborne Park WA 6017

  1. +61 9 9242 2227 E info@kinmining.com.au

kinmining.com.au

CARDINIA GOLD PROJECT EXPLORATION UPDATE

Highlights:

  • IP and EM trial surveys commencing this month over areas of high grade mineralisation at the Bruno-Lewis deposit.
  • Trial to confirm survey effectiveness as proof of concept ahead of potential larger scale geophysical surveying across wider project area.
  • Targeting high grade sulphide gold mineralisation at depth (>100m).
  • Geophysics to assist with drill targeting in the +60% of the 414km2 project area which contains alluvial cover and remains largely untested.

Kin Mining NL (ASX: KIN or Company) is pleased to provide an update on exploration activities at the Cardinia Gold Project (CGP), east of Leonora in Western Australia. GAP Geophysics Australia (GAP Geo), under the supervision of Russell Mortimer from Southern Geoscience, will be conducting geophysical surveys over the mineralisation at the Bruno-Lewis and Helens deposits this month.

The Company's exploration program completed in the past 18 months significantly advanced the geological model for the Cardinia region. Three mineralising styles have been identified - low sulphidation epithermal, volcanogenic hosted massive sulphide (VHMS) and orogenic structurally controlled lode style. Physical property testing of mineralised drill core from the Bruno-Lewis and Helens deposits has indicated that Induced Polarisation (IP) and Electromagnetic (EM) surveys are capable of identifying the various styles of sulphide-rich,high-grade gold mineralisation.

Ground based surveys using these techniques will now be applied at Bruno-Lewis and Helens to determine the most effective method in an in-situ environment. The survey will be undertaken in late October, with transect lines over high-grade sulphide mineralisation at Bruno-Lewis (Figures 4 - 6) and Helens (Figure 7). Results and interpretation are expected to be completed by mid-November.

Subject to a successful outcome of the trial program, the Company intends to apply ground based geophysical surveying over a wider area within the Cardinia region to assist with targeting for upcoming drill programs.

Approximately 60% of the CGP is covered by recently transported cover and, as a result, has been subjected to minimal exploration (Figure 2). The Cardinia area which will be the target area for the trial geophysics contains a Mineral Resource of 372koz (refer ASX announcement 8 July 2019), the majority of which lies beneath old workings in areas of shallow oxide and outcropping mineralisation.

Geophysical surveying has potential to identify mineralised positions at depth below the existing deposits, along strike from the existing deposits and additional new discoveries under shallow cover within the CGP.

Kin Mining NL - Cardinia Gold Project Exploration Update

Figure 1. Cardinia location of Trial lines for IP and EM loop. The Lewis line crosses to the south of the Lewis trial pit. The Helens line crosses over the sulphide rich portion of the Helens Mineral Resource

Kin Mining NL - Cardinia Gold Project Exploration Update 2

Figure 2. Approximately 60% of the CGP is covered with recently transported alluvial, colluvial and aeolian gravels, sands and soils.

Kin Mining NL - Cardinia Gold Project Exploration Update 3

Figure 3. Cross -section of the interpreted geology for Lewis at the survey line. Younging is to the west (left). The Potassic epithermal alteration is a broad K-spar altered pyritic basalt (Figure 4). The VHMS lodes consist of massive sulphide zones, sulphidic shales (Figure 5) and altered conglomerates (Figure 6).

Figure 4. Potassic altered basalt.

Figure 5. Massive sulphide in marine sediments and sulphidic shales.

Figure 6. Nodular pyrite and disseminated pyrite in conglomerate

Figure 7. Helens sulphide replacement mineralisation

Kin Mining NL - Cardinia Gold Project Exploration Update 4

-ENDS-

For further information, please contact:

Investor enquiries

Media enquiries

Andrew Munckton

Michael Vaughan

Managing Director, Kin Mining NL

Fivemark Partners

+61 8 9242 2227

+61 422 602 720

About Kin Mining NL

Kin Mining NL (ASX: KIN) is a West Australian based gold development and exploration company. Kin's key focus is its 100% owned Leonora Gold Project (LGP) located in the highly prospective North-Eastern Goldfields region of Western Australia. The LGP has an 841koz1 gold Mineral Resource defined in both supergene and deeper primary mineralisation with considerable potential to grow this resource with further drilling.

Kin Mining NL - Cardinia Gold Project Exploration Update 5

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Kin Mining NL published this content on 24 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2019 02:44:04 UTC