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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-11-2017: K92 Mining Inc. announces an Exploration/Drilling Update report for its Kora deposit at the Kainantu project. Drilling results incl. 3.4m @ 11.76g/t Au, 21g/t Ag, 2.84% Cu from 62m. K92 Mining Inc. (“K92”) is pleased to announce it has intersec | |
| 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. (“K92”) is pleased to announce it has intersected high grades of gold and copper mineralization in exploration drilling designed to follow up on the initial discovery of the northern extension of the Kora vein. K92 drill hole KMDD0022 has intersected 3.4m at 11.76 g/t Au, 21 g/t Ag and 2.84% Cu (16.37 g/t AuEq) approximately 25 metres along strike to the south and 25 metres down dip from drill cuddy DDC1. Significantly, in the same drill hole, K92 also intersected what it interprets as the Irumafimpa vein and parallel to the Kora Vein, which assayed 3.80m at 5.45 g/t Au, 8 g/t Ag and 0.22% Cu (5.89 g/t AuEq). This is the tenth hole drilled to follow up on the initial discovery of the northern extension of the Kora vein in hole KMDD0009, which recorded an intersection of 5.4 metres at 11.68 g/t gold, 25.5 g/t silver and 1.33 per cent copper 500 metres to the north from the closest point of the currently defined Kora deposit inferred resource (see K92 news release dated May 24, 2017, for details including true thicknesses). All ten of these holes have intersected gold, silver and copper mineralization. K92 is currently undertaking a program drilling a total of 24 drill holes from underground drill cuddy DDC1 located approximately 50 metres from the Kora vein at 59125 north, 29876 east and 1,188 mRL. This initial 24 hole program, which will be completed in December, is designed to drill out an area of approximately 150 metres by 150 metres on a 25 m by 25 m grid pattern, which is grade control spacing. | |
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