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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora North | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 6/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-6-2018: K92 Mining Inc. announces a Resource Estimation report for its Kora North deposit at the Kainantu project. Updated resource estimate at Kora North. K92 Mining Inc. (TSXV – KNT; OTCQX: KNTNF) (“K92”) is pleased to announce that an updated resour | |
| Resources: | (Resource, M+I): 685.7Kt @ 12.5g/t Au, 20g/t Ag, 1.1% Cu at Kora North | |
| CP/QP: | [Resources]: Andrew Kohler (Internal) | |
| ABSTRACT: | K92 Mining Inc. (TSXV – KNT; OTCQX: KNTNF) (“K92”) is pleased to announce that an updated resource has been estimated in Kora North based on results from underground grade control and exploration diamond drilling and face sampling. The updated resource comprises a Measured Resource of 242,900 tonnes @ 13.9 g/t Au, 19 g/t Ag and 1.0% Cu; an Indicated Resource of 442,800 tonnes @ 11.8 g/t Au, 21 g/t Ag and 1.2% Cu and an Inferred Resources of 1,084,400 tonnes @ 13.2 g/t Au, 15 g/t Ag and 1.0% Cu. See Table 1 below. This updated resource is based on results from 70 diamond drill holes drilled from Diamond Drill Cuddies 1, 2 and 3 (DDC1, DDC2 & DDC3) and over 250 face samples taken from horizontal development along the K1, K2 and KL1 veins. The resource covers an area of approximately 400 metres on strike by 200 to 300 metres vertically (see Kora – Kora North – Irumafimpa Long Section below), representing approximately 10% 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 eight months of underground grade control drilling and three months of exploration drilling and represents, at the design production levels of 45-50,000 ozs per annum; almost seventeen years of production. | |
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