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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 5/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-5-2017: K92 Mining Inc. announces an Exploration/Drilling Update report for its Kora deposit at the Kainantu project. Drilling results incl. 5.4m @ 11.68g/t Au, 25.46g/t Ag, 1.33% Cu from 154.10m. K92 Mining Inc. (TSX VENTURE:KNT) (OTCQB:KNTNF) (“K92” | |
| Resources: | (Resource): 0.56Mt @ 12.8g/t Au, 9g/t Ag (Ind.) and 4.89Mt @ 7.7g/t Au, 32g/t Ag (Ind.) at project | |
| CP/QP: | [Overall Report]: Chris Muller (Internal) | |
| ABSTRACT: | K92 Mining Inc. (TSX VENTURE:KNT) (OTCQB:KNTNF) (“K92” or the “Company”) is pleased to announce the first exploration hole drilled in a program designed to test for extensions of the Kora Deposit has intersected high grade gold mineralization. The Kora 5m x 5m drive is designed to provide access to the Kora deposit, where K92 is assessing the commencement of production in First Half 2018, while also providing the Company with the ability to drill test between Irumafimpa and Kora from underground drill cuddies. This area has not been previously tested due to topographical challenges associated with drilling from the surface and is considered highly prospective given the current interpretation of Irumafimpa and Kora being on the same structure. K92 Chief Executive Officer, Ian Stalker, states, “The results from the first hole drilled by K92 on the Kora Vein System and first drilled from underground can only be described as outstanding. Based on the interpretation of our geological team we have an intersection of 5.4 metres at 14.1 g/t AuEq from some 500 metres along strike and 150 metres down dip from the known Kora Inferred Resource. The implication is that there is potential for this high grade Kora Deposit to become much larger. With today’s results in hand, we will push the Kora drive at an increased pace and with an expanded drilling program.” | |
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