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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Judd | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 12/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-12-2016: K92 Mining Inc. announces an Exploration/Drilling Update report for its Judd deposit at the Kainantu project. Drilling results incl. 1.2m @ 3.07g/t Au, 5.1% Cu, 158g/t Ag from 79.8m. K92 Mining Inc. (“K92”) (TSXV - KNT) is pleased to announce | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Kohler (Not stated) | |
| ABSTRACT: | K92 Mining Inc. (“K92”) (TSXV - KNT) is pleased to announce results from the first six exploration holes completed as part of the initial exploration drilling program on the Judd Vein System, at its high grade Kainantu Gold Mine. The results have shown that the Judd vein system extends at least 2,000m from previously drilled holes at Judd, which were drilled adjacent to the Kora Deposit. The previous holes drilled adjacent to Kora included 9m @ 8.8 g/t Au and 1.1% Cu and 3m @ 278 g/t Au. The Judd Vein System is located within the ML 150 mining lease and runs parallel to the Irumafimpa – Kora Vein System. It is also parallel to, and between 50 and 100 metres from the main access decline into the Irumafimpa orebody, which would provide for easy access should drilling identify a suitable resource for mining. In September 2016, K92 Mining Inc. (“K92”) commenced an initial underground diamond drilling program targeting the Judd Vein System to confirm that the system, which was known to run parallel to the Kora deposit, extends as far north as the Irumafimpa deposit. Every hole drilled, covering a strike length of approximately 200 metres, returned significant gold copper and silver results as shown in Table 1 below, confirming that the Judd vein system does extend at least to the Irumafimpa orebody. The proposed exploration drive from the existing Irumafimpa access incline to the known Kora deposit would run parallel to and within 50 to 100 metres of the Judd Vein System. Importantly, Judd is an exploration target and is not part of the K92 mineral resource nor the mining inventory. | |
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