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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-9-2019: K92 Mining Inc. announces an Exploration/Drilling Update report for its Kora deposit at the Kainantu project. Drilling results incl. 12.95m @ 20.30g/t Au, 18g/t Ag, 0.98% Cu from 70.80m. Vancouver, British Columbia, September 9, 2019 - K92 Minin | |
| Resources: | (Resource, M+I): 0.85Mt @ 12.9g/t Au, 13.1g/t Ag, 0.7% Cu at Kora North | |
| CP/QP: | [Overall Report]: Andrew Kohler (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, September 9, 2019 - K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce results from the continuing diamond drilling of the Kora North Extension of the Kainantu gold mine in Papua New Guinea. The results for the latest 10 diamond drill holes completed from both surface and underground into the Kora North deposit are summarized in Table 1 below. Long sections of K1 and K2 showing the location of the latest drill holes are provided in Figures 1 and 2 respectively. The second hole drilled from surface recorded both K1 and K2 intersections as well as the first significant Judd Vein intersection, approximately 500 metres north of the known intersections recorded by the previous owners Highlands Pacific and Barrick Gold Corporation. A plan showing the surface expressions of the Irumafimpa, Kora and Judd Vein Systems is shown in Figure 3. John Lewins, K92 Chief Executive Officer and Director, stated, “The latest results include the first significant Judd Vein intersection of 4.7 metres at 5.22 g/t AuEq from one of the surface rigs, over 500 metres to the North of the previous intersections reported by Highlands and Barrick. This reinforces the potential of the Judd Vein system, which is located approximately 200 metres to the East of the Kora system and known to have a surface strike length of over 2,000 metres. Other results yet again show the very high continuity of the K1 and K2 lodes with K92 drilling, confirming the vertical extent to be in excess of 1,100 metres with a known strike of over 1,000 metres. These latest results again show that the Kora system remains open both at depth and along strike.” | |
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