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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora North | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 3/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-3-2018: K92 Mining Inc. announces a Resource Estimation report for its Kora North deposit at the Kainantu project. Mineral Resource update for Kora North. K92 Mining Inc. (“K92”) (TSXV – KNT) is pleased to announce that an updated resource has been defi | |
| Resources: | (Resource, M+I): 136.7kt @ 12.1g/t Au for 53.1koz contained at Kora North | |
| CP/QP: | [Resources]: Andrew Kohler (Internal) | |
| ABSTRACT: | K92 Mining Inc. (“K92”) (TSXV – KNT) is pleased to announce that an updated resource has been defined in Kora North based on results from underground grade control diamond drilling and face sampling. The updated resource comprises a Measured Resource of 33,200 tonnes @ 10.3 g/t Au, 31 g/t Ag and 1.2% Cu; an Indicated Resource of 103,500 tonnes @ 12.7 g/t Au, 30 g/t Ag and 1.3% Cu and an Inferred Resources of 183,500 tonnes @ 14.4 g/t Au, 27 g/t Ag and 0.9% Cu. See Table 1 below. This updated resource is based on results from 29 diamond drill holes drilled from Diamond Drill Cuddies 1 and 2 (DDC1 & DDC2) and 261 face samples taken from horizontal development along the K1, K2 and KL1 veins. The resource covers an area approximately 300 metres along strike by 150 metres vertically and excludes all tonnages mined from within this area up until 31 January 2018. This area represents just 5% of the target area of 1,000 metres along strike by up to 1,000 metres vertically which the Company plans to drill from underground over the coming 12 months. The updated resource has been defined after just four months of underground grade control drilling and represents, at the design production levels of 45-50,000 ozs per annum, almost three years of production | |
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