Australian miner identifies higher resources at gold project

Photo: Kin Mining

Australian miner Kin Mining has expanded the mineral resource estimate of the Cardinia gold project in the North-East-ern Goldfields region of Western Australia to some 1.23 million oz, an increase of 15 percent.


Andrew Munckton, the managing director of Kin Mining, said in a state-ment that the updated estimate marked another step towards unlocking the project’s value through the ongoing programmes of exploration and conversion of inferred mineral resources to the higher confidence and quality classifications.


“This is a very pleasing update to the CGP gold resource inventory, which reflects the success of our drilling programs in recent months. Importantly, in addition to delivering a 7% increase in overall contained ounces, we have been able to deliver a significant 15% increase in the higher-confi-dence Measured and Indicated ounces,” the company’s managing direc-tor said.