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Kin Mining NL to maintain aggressive exploration program at Cardinia Gold Project during second half

Kin Mining NL (ASX:KIN) (FRA:8KM) will hit the ground running in the second half of 2021 with an aggressive ongoing exploration commitment at the Cardinia Gold Project (CGP) in Western Australia. The company will begin phase-5 drilling after completing more than 32,500 metres during the first half of the year resulting in multiple new discoveries. In a recent investor presentation, the ASX-listed gold explorer highlighted its major leap forward in geological understanding after identifying the position of porphyry intrusions and faults along the Eastern Corridor in a recent gravity survey. As part of the company’s Eastern Corridor exploration program, the area had been covered by detailed magnetics and gravity surveys and underwent deeper reverse circulation (RC) and diamond drilling (DD) programs during the phase-3 exploration program completed in 2020 and early 2021.

Kin Mining NL hones in on prospective regional gold trends at Cardinia

Kin Mining NL capitalises on robust gold prices and enhances Cardinia economics with royalty purchase

Kin Mining capitalises on robust gold prices and enhances Cardinia economics with royalty purchase The purchase is poised to enhance project economics at Kin’s flagship gold asset and reduce admin costs as gold futures continue to climb. The $600,000 paid to Sprott represents just 22% of the royalty’s face value Kin Mining NL (ASX:KIN) (FRA:8KM) has purchased a third-party 1.5% net smelter royalty (NSR) covering future production at its wholly-owned Cardinia Gold Project. The explorer bought the royalty from prolific gold sector investor Sprott Private Resource Lending for $600,000, with the price tag representing just 22% of the royalty’s face value.

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