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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora North | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 12/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-12-2017: K92 Mining Inc. announces a Resource Estimation report for its Kora North deposit at the Kainantu project. Initial resource estimated at Kora North deposit. K92 (TSXV - KNT) is pleased to announce that an initial resource has been defined in Ko | |
| Resources: | (Resource, Total): 86.5kt @ 9.75g/t Au, 1.45% Cu, 26.30g/t Ag at Kora North | |
| CP/QP: | [Resources]: Andrew Kohler (Internal) | |
| ABSTRACT: | K92 (TSXV - KNT) is pleased to announce that an initial resource has been defined in Kora North based on results from grade control drilling and face sampling. K92 anticipated updating the Mineral Resource and mining blocks for this area by the end of December when the balance of the results from the grade control drilling have been received. The drilling from the first cuddy, at grade control spacing, is part of a strategy to define mining blocks in the Kora North discovery area while concurrently starting to test the large size potential of Kora which remains not only open along strike and at depth, but strongly mineralized at the extent of all drilling. John Lewins, K92 Chief Executive Officer and Director, states, “We are extremely pleased with the initial resource and mining blocks that have been defined using the results from the grade control drilling and face sampling. With over 8,000 tonnes already mined and a further 124,200 tonnes remaining in the 150 metre x 75 metre mining block, our target1 of identifying mining blocks containing 200,000 to 250,000 tonnes at a grade of 7 - 9 g/t AuEq from grade control drilling covering an area of 150 metres x 150 metres from this first drill cuddy appears achievable. We will continue to mine from development within this area and expect to commence stope production from Kora North in early 2018. We are also continuing to develop along strike on the Kora lode to the south towards the existing Kora deposit.” | |
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