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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Irumafimpa | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/30/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-11-2016: K92 Mining Inc. announces an Exploration/Drilling Update report for its Irumafimpa deposit at the Kainantu project. Grade control drillig results incl. 1.1m @ 102g/t Au, 0.13% Cu, 13.1g/t Ag from 44.9m. In September 2016, K92 Mining Inc. (“K92 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Kohler (Not stated) | |
| ABSTRACT: | In September 2016, K92 Mining Inc. (“K92”) commenced a campaign of close spaced underground diamond drilling as part of a comprehensive grade control strategy. This grade control drilling is designed to bring a significantly higher degree of confidence to the production planning and scheduling by drilling out all scheduled production areas underground ahead of actual development on a closed space pattern of approximately 15 metres by 15 metres. This compares with resource drilling which has been carried out of a 50 metre by 50 metre or greater pattern. The initial grade control drilling intercepts included high grade gold intercepts including 102 grams per tonne gold (“gpt”) over 1.1 metres and 9.21 gpt gold over 0.5 metres in diamond drill hole GCDD 002 and 30.19 gpt gold over 2.5 meters in diamond drill hole GCDD001. The results from this drilling are then used to finalize the various stope and ore development designs and provide updated information on projected production from the areas in terms of tonnage, grade and contained ozs. Table 1 below provides a comparison between the original AMDAD stope design and the new design based on grade control data, using both cut and uncut data. The stopes are situated at the lowest point in the underground which K92 have planned to mine and are also at the southern edge of the known resource that has only been drilled on a 100 metre by 100 metre pattern. | |
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