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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora North | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-1-2018: K92 Mining Inc. announces an Exploration/Drilling Update report for its Kora North deposit at the Kainantu project. Drilling results incl.5.26m @ 13.77g/t Au, 5g/t Ag, 0.07% Cu from 31m. K92 Mining Inc. (“K92”) is pleased to announce results fr | |
| Resources: | (Resource, Inf): 4.36Mt @ 7.3g/t Au, 35g/t Ag, 2.23% Cu at Kora/Eutompi | |
| CP/QP: | [Overall Report]: Andrew Kohler (Internal) | |
| ABSTRACT: | K92 Mining Inc. (“K92”) is pleased to announce results from the continuing grade control and exploration drilling of the Kora North Extension. The results reported include three holes from Diamond Drill Cuddy One (DDC1), and four holes from Diamond Drill Cuddy Two (DDC2), located approximately 125 metres along strike DDC1. All holes drilled from DDC2 have recorded wide intersections of the K1 vein in addition to the main Kora North vein (K2), except KMDD0041 which was stopped short of the K2 vein. Results have included Hole KMDD0039 which recorded 4.05 m at 5.00 g/t Au, 2 g/t Ag and 0.22% Cu (5.36 g/t AuEq) plus 3.6 m at 12.99 g/t Au, 68 g/t Ag and 0.92% Cu (15.27 g/t AuEq) plus 2.6 m at 4.91 g/t Au, 13 g/t Ag and 0.80% Cu (6.30 g/t AuEq) and hole KMDD0043 which recorded 7.7 m at 5.84 g/t Au, 4 g/t Ag and 0.14% Cu (6.10 g/t AuEq) plus 1.8 m at 2.81 g/t Au, 22 g/t Ag and 3.92% Cu (9.09 g/t AuEq) plus 10.1 m at 3.70 g/t Au, 4 g/t Ag and 0.24% Cu (4.13 g/t AuEq). The K1 results are considered particularly significant as all five holes drilled to date from DDC2 have recorded consistently wide intersections varying from 4.05 metres to 8.4 metres, while grades have varied from 5.36 g/t AuEq to 13.93 AuEq. Importantly, the most southerly hole drilled from DDC1 (KMDD0024) recorded a K1 intersection of 11.5 metres at 7.11 g/t Au, 12 g/t Ag and 0.0.32% Cu (7.76 g/t AuEq). In addition, in two of the holes drilled from DDC2 a third vein appears to be developing between K1 and K2 veins with intersections of 3.6 metres at 12.99 g/t Au, 68 g/t Ag and 0.92% Cu (15.27 g/t AuEq) recorded in hole KMDD0039 and 1.8 metres at 2.81 g/t Au, 22 g/t Ag and 3.92% Cu (9.09 g/t AuEq) recorded in hole KMDD0043. The presence of 3 veins is consistent with the interpreted geology reported in the main Kora deposit to the south, which has up to four veins reported. | |
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