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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora North | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 10/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-10-2018: K92 Mining Inc. announces an Exploration/Drilling Update report for its Kora North deposit at the Kainantu project. Drilling results incl. 9.85m @ 9.12g/t Au, 8g/t Ag, 1.03% Cu from 51.60m. K92 Mining Inc. (TSX-V: KNT; OTCQX: KNTNF) (“K92” or t | |
| Resources: | (Resource, M+I): 685.7Kt @ 12.5g/t Au, 20g/t Ag, 1.1% 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 from Diamond Drill Cuddies 3 and 4 (DDC3 and DDC4) continue to extend both the K1 and K2 lodes while also further delineating the KL structure and confirming its continuity. See Table 1 below for a summary of drill results including true widths. Long sections showing all holes drilled to date in both K1 and K2 is provided below. John Lewins, K92 Chief Executive Officer and Director, states, “These results, which form part of the database being used for a resource update of the Kora North Deposit currently under way, have again reinforced the continuity of the strike and vertical extent of both the K1 and K2 vein systems.” Table 1 provides a summary of the results from KMDD0100, 101, 102 and 104 diamond drill holes drilled from DDC3 and 4. Note that KMDD0101 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. The current Kora/Eutompi Inferred Resource estimate, as defined by previous drilling to date, is 4.36 million tonnes at a grade of 7.3 g/t Au, 35 g/t Ag and 2.23 percent Cu, or 11.2 g/t gold equivalent (see Table 3) and is open for expansion at depth and in both directions along strike. | |
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