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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora North | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 3/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-3-2018: K92 Mining Inc. announces an Exploration/Drilling Update report for its Kora North deposit at the Kainantu project. Drilling results incl. 2.85m @ 53.39g/t Au, 3g/t Ag, 0.13% Cu from 46.50m. K92 Mining Inc. (“K92”) is pleased to announce the fi | |
| Resources: | (Resource, Inf.) 4.36Mt @ 7.3g/t Au, 35g/t Ag, 2.23% Cu at Kora | |
| CP/QP: | [Overall Report]: Chris Muller (Internal) | |
| ABSTRACT: | K92 Mining Inc. (“K92”) is pleased to announce the first results from the exploration drilling of the Kora North Extension. The results reported are from the first exploration drill hole drilled from Diamond Drill Cuddy Two (DDC2). This exploration drilling program is targeting the area immediately up dip and down dip from the recently reported resource defined by grade control from DDC1 and DDC2. The K2 intersection reported is approximately 40 metres above the closest grade control intersection, while the K1 intersection is approximately 30 metres above the closest grade control intersection. The results reported have included a significant Hanging Wall vein intersected 4 metres from the K2 Vein of 3.70 m at 10.79 g/t Au, 25 g/t Ag and 2.83% Cu (15.44 g/t AuEq) which has not been previously identified. These results have confirmed the consistency of both the K1 and K2 lodes well outside of the grade control resource area. John Lewins, K92 Chief Executive Officer and Director, states, “The results from our first exploration drill hole are extremely significant in confirming the continuity of both the K1 and K2 lodes up dip from the grade control drilling. In addition, a new Hanging Wall lode has been intersected with significant grade and thickness further enhancing the potential of this area. We anticipate completing this initial exploration drilling program by the end of June 2018 and providing an updated resource covering an area up to 600 metres on strike and between 350 metres to 500 metres on dip between Irumafimpa and the known Kora deposit”. Table 1 below provides a summary of the results from the first exploration drill hole drilled into the Kora North Vein system and Table 2 provides details of collar location and hole orientation. | |
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