Kin Mining NL : High Grade Diamond Drilling Assay Results

ASX Code: KIN

18th September 2017

Board of Directors

Trevor Dixon

Chairman

Don Harper

Managing Director

David Sproule

Technical Director

Joe Graziano

Non-Executive Director & Company Secretary

High Grade Diamond Drill Results up to 73.4 g/t Au HIGHLIGHTS

• 18.7m @ 3.1 g/t Au from 61.4m CA17DD011 including two high grade zones of 0.35m @ 73.4 g/t Au and 0.35m @ 24.1 g/t Au
• 1.8m @ 6.3 g/t Au from 55.5m CA17DD007 including 0.5m @ 19.7 g/t Au

  Contact Details

  Post

  PO Box 565

  Mount Hawthorn Western Australia 6915

  Office

  342 Scarborough Beach Road Osborne Park

  Western Australia 6017

  Phone

  08 9242 2227

  Email

  [e-mail]

  Website

  www.kinmining.com.au

• 7.95m @ 4.2 g/t Au from 114m ME17DD002 including 0.3m @ 64.8 g/t Au
• 2.4m @ 8.5 g/t Au from 40.3m CA17DD001 including 0.3m @ 20.1 g/t Au
• 0.77m @ 13.2 g/t Au from 69.7m RA17DD003 including 0.3m @ 31.5 g/t Au

 11.45m @ 3.7 g/t Au from 14.25m RA17DD004 including 1.25m @ 24.6 g/t Au Kin Mining NL (ASX: KIN) is pleased to announce a series of significant high-grade diamond core intersections from recent drilling within several of its Leonora Gold Project (LGP) Resource areas. The main objective of the diamond drilling was to enable final geotechnical and metallurgical parameters to be established for the soon to be completed Ore Reserves. A total of 19 diamond holes for 1751.45m was completed.

Several of the geotechnical holes were extended below the proposed pit designs to test for extensions of primary gold mineralisation at depth. Results were highly successful with high-grade gold mineralisation intersected at the Mertondale, Raeside, Lewis and Helens Resource areas.

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ASX: KIN

Standout high grade intersections included: 0.35m @ 73.4 g/t Au (2.36 oz/t) at Helens and 0.30m @ 64.8g/t Au (2.08 oz/t) at Merton's Reward.

Kin Managing Director Don Harper said this was an impressive result and clearly demonstrates the continued understanding of the mineralised systems by the geology team.

"These results confirm that high-grade mineralisation persists at depth and that these deposits remain open and are yet to be fully defined. The diamond core has given a greater understanding of the structure and style of mineralisation of our key deposits and we plan to follow-up on these results very shortly."

Helens Drilling Results - Discussion

The Helens Area has now grown from a small resource area to a well-established primary gold deposit. Kin's recent Reverse Circulation (RC) drilling (10,493m in the Helens area) lead to the discovery of the Fiona deposit and expanded the Mineral Resources which now stand at 1.27Mt @

1.5 g/t Au for 61,000 oz Au.

Figure 1 - Helens drillhole layout with maximum gold values from recent RC and diamond drilling

In preparation for the Definitive Feasibility Study's mine planning, six geotechnical diamond drill holes were completed across the three key Resource locations at Helens (Figure 1). Five of these holes were extended by an average of 30m with the intention of intersecting the primary mineralisation below the current proposed pit designs. All six diamond holes intersected significant gold mineralisation (Table1).

Table 1 - Significant gold intersections (plus 1.0 g/t Au) from recent diamond drill program at Helens.

Hole ID	Depth (m)	Easting (MGA)	Northing (MGA)	Dip & Azimuth	From (m)	To (m)	Width (m)	Grade (g/t Au)
CA17DD006	101.1	365220	6815008	-60/245	60.8	64.5	3.7	1.6
CA17DD007	93.7	365154	6814953	-60/065	55.5	57.3	1.8	6.3
Incl.	56.3	56.8	0.5	19.7
62.4	70.8	8.4	1.7
Incl.	62.4	63.2	0.8	4.2
74.3	76	1.7	1.3
79.3	89	9.7	1.9
Incl.	81.95	84.4	2.45	2.7
and	86	87.75	1.75	3.6
CA17DD008	95	365544	6815453	-60/235	48.21	53.85	5.64	1.3
Incl.	50.1	50.51	0.41	4.9
and	52.6	53.85	1.25	2.4
57.3	61.7	4.4	1.0
Incl.	59	59.8	0.8	2.0
CA17DD009	90.5	365469	6815390	-60/080	17.6	19	1.4	2.7
Incl.	18.45	19	0.55	6.0
CA17DD010	60	365225	6814124	-60/065	54.48	55.2	0.72	2.1
59.5	59.95	0.45	3.4
CA17DD011	93.65	365298	6814196	-60/245	61.4	80.1	18.7	3.1
Incl.	66.8	67.15	0.35	24.1
and	75.4	76.6	1.2	26.9
Incl.	75.4	75.75	0.35	73.4
84.8	85.65	0.85	1.9
88	90	2.0	1.2
93.2	E.O.H.	0.45	6.1

A wide intersection of 18.7m @ 3.1 g/t Au with two high grade zones of 0.35m @ 73.4 g/t Au and 0.35m @ 24.1 g/t Au was encountered in CA17DD011 (Helens South). This result is below the current proposed pit design and suggests that high grade mineralisation persists much deeper than anticipated (Figure 2).

Significant recent RC intersections in this area include HS17RC032 (3m @ 3.0 g/t Au and 4m @ 3.7 g/t Au), HS17RC033 (5m @ 4.6 g/t Au including 1m @ 14.2 g/t Au), and HS17RC034 (10m @ 1.8 g/t Au including 5m @ 3.1 g/t Au). The results indicate obvious potential for open pit expansion.

CA17DD007, drilled at Helens North, also intersected high grade mineralisation with 1.8m @ 6.3 g/t Au including 0.5m @ 19.7 g/t Au (Figure 1).

These primary shoots remain open at depth, and given the high grades intersected, may support future underground mining operations should they continue at depth. Planning of a follow-up drill program is currently underway and will be designed to investigate the deeper high grade potential at Helens.

Figure 2 - Helen South cross section highlighting exceptional high-grade intersection CA17DD011

The recent results clearly confirm the primary and high-grade nature of the gold mineralisation at Helens (Figure 3), and highlight the growing importance of the Helens Resources with respect to the wider Leonora Gold Project. Previously considered a lower priority area, Helens is rapidly emerging as a key contributor to the viability of Kin's LGP operation.

Figure 3 - Drill hole CA17DD011 - 0.35m @ 73.4 g/t Au (75.40 - 75.75m in red). Quartz vein with significant pyrite on internal vein margins, intruding sericite altered basalt.