Kin Mining (ASX:KIN) has revealed a high priority magmatic nickel-copper-PGE target at its Desdemona Project area, just south of Leonora in Western Australia.
The target was defined during ongoing prospect research and geochemical evaluation within Kin’s regional tenement portfolio in the Leonora district.
Basal contact has been identified over 1.4 kilometres of strike and remains untested at depth.
The company identified an extensive zone of strong secondary nickel-copper-cobalt-PGE surface enrichment at Kingfisher correlating with historic ore grade nickel and copper sulphide intersections and associated platinum and palladium.
A geophysical survey is slated to commence next month at the Kingfisher Prospect to test for possible conductors beneath historical drill intercepts of up to 2% nickel and 4.8% copper.
Kingfisher is prospective for magmatic nickel-copper mineralisation similar to Sirius Resources' (ASX:SIR) Nova-Bollinger nickel-copper sulphide deposit in the Fraser Range.
Earlier this month, Kin raised $3 million at $0.15 per share which should enable it to finalise the acquisition of the Leonora Gold Project.
The chairman of Kin is notable Australian mining identity Terry Grammar who was a founder of the successful nickel miner Western Areas (ASX:WSA).
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