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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora North | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-1-2019: K92 Mining Inc. announces an Exploration/Drilling Update report for its Kora North deposit at the Kainantu project. Drilling results incl. 6.00m @ 43.20g/t Au, 290g/t Ag, 0.51% Cu from 118.20m. K92 Mining Inc. (TSX-V: KNT; OTCQX: KNTNF) (“K92” | |
| 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: | K92 Mining Inc. (TSX-V: KNT; OTCQX: KNTNF) (“K92” or the “Company”) is pleased to announce results from the continuing diamond drilling of the Kora North Extension. The results for the latest 10 diamond drill holes completed from Diamond Drill Cuddies 3 and 4 (DDC3 and DDC4) into the Kora North deposit are summarized in Table 1 below. These results continue to delineate and extend both the K1, K2 lodes as well as the KL structure between the lodes. Long sections showing all holes drilled to date in both K1 and K2 are provided below. Note that KMDD0106 was terminated prior to the projected intersection of K2 due to slow penetration rates through wet broken ground. Table 2 provides details of collar location and hole orientation. John Lewins, K92 Chief Executive Officer and Director, states, “In October 2018, the Company reported an updated resource estimate for Kora North comprising a Measured Resource of 154,000 tonnes @ 18.7 g/t Au, 8.9 g/t Ag and 0.5% Cu; an Indicated Resource of 690,000 tonnes @ 11.6 g/t Au, 14.1 g/t Ag and 0.8% Cu and an Inferred Resource of 1.92 million tonnes @ 10.7 g/t Au, 13.3 g/t Ag and 0.7% Cu. The resource estimate was based on results from 80 drill holes as well as over 1,300 face samples. We are now reporting results for a further 10 diamond drill holes which provide not only confirmation of the continuity of the K1 and K2 lodes, but also continue to extend the known vertical and horizontal extent of the lodes. | |
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