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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Blue Lake | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 6/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-6-2019: K92 Mining Inc. announces an Exploration/Drilling Update report for its Blue Lake deposit at the Kainantu project. Drilling results incl. 303.3m @ 0.22g/t Au, 2g/t Ag, 0.14% Cu from 190.0m. VANCOUVER, British Columbia — K92 Mining Inc. (“K92” o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Muller (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia — K92 Mining Inc. (“K92” or the “Company”) (TSXV: KNT; OTCQB: KNTNF) is pleased to provide an update on exploration at the Blue Lake Porphyry Prospect located approximately 4 kms southwest of the Company’s Kora deposit at the Kainantu gold mine in Papua New Guinea (see Figure 1). K92 has now completed three of the six planned holes of depth 400 to 600 metres as well as three shallow holes of depth 50 metres. Each of the three deep holes, KTDD0001/6/7, has intercepted extensive gold and copper mineralization in porphyry style propylitic chlorite-epidote-albite-magnetite alteration as shown in Figures 2 and 3. The results are considered particularly encouraging given the distance between intercepts, indicating appreciable size potential. Hole KTDD0005 was abandoned at 106 metres due to bogging of rods and re-drilled as KTDD0006. The three shallow holes, KTDD0002/3/4, were designed to test the thickness, geometry and tenor of the mineralized lithocap. Significant gold intercepts were encountered in each of these short holes, associated with leached, silicified intrusives and hydrothermal breccias.As with the first hole drilled at Blue Lake, KTDD0001, the subsequent deep hole KTDD0006 intersected a mineralized silica cap, followed by a broad zone of intense argillic alteration (pyrophyllite/kaolinite), before drilling strong propylitic alteration in diorite, predominantly chlorite, with epidote increasing towards the end of the hole. KTDD0007 intersected propylitic alteration from shallow depths. Significantly, KTDD0006 intersected 219.6 metres at 0.16 g/t Au and 0.11% Cu from 385 metres to termination at 604.6 metres, while KTDD0007 intersected 303.3 metres at 0.22 g/t Au and 0.14% Cu from 190 metres to termination at 493.3 metres (see Tables 1 and 2). The holes were still in mineralization when completed (see Figures 2 and 3). | |
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