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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora Underground | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 2/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-2-2018: K92 Mining Inc. announces an Exploration/Drilling Update report for its Kora Underground deposit at the Kainantu project. Drilling results incl. 6.49m @ 23.66g/t Au, 27g/t Ag, 0.16% Cu from 48.16m. K92 (TSXV - KNT) is pleased to provide an updat | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Kohler (Internal) | |
| ABSTRACT: | K92 (TSXV - KNT) is pleased to provide an update on operations at its Kainantu Gold Mine in Papua New Guinea. Mining operations are currently focused on mining from stopes 1185 K2 0N and 1185 K2 0S as well as from the development on 1185 K1 North and South from the second cross cut. All material from the first cut on the stopes was extracted during the month, filling of 1185 K2 0N was completed and drilling and blasting of the second cut commenced. Filling of 1185K2 0S has also commenced. The second Kora North K1 vein has been mined for a strike extent of over 100 metres and has averaged approximately 20 g/t. The 1185 K1 North in particular has returned some extremely high grades including 0.3 m @ 2,171.8 g/t Au in one face and 0.6 me @ 1,126 g/t Au in another face. The results from 10 faces are provided in Table 3 below with the highest uncut face value reported being 157.2 g/t Au and 0.96% Cu over 3.45 m width and the lowest being 12.42 g/t Au and 3.3% Cu over 3.15 m width. This high grade zone is still being mined so it’s full extent along strike and vertically has yet to be determined. Mining from Irumafimpa is also continuing, with operations focused on the 1235 S stope which was partially drilled out and fired during the month. The high grade material mined from the 1185 K1 South was blended with lower grade material from 1185 K1 South and the 1185 K2 0S stope, however despite this the plant reported daily feed grades in excess of 40 g/t Au on a number of days, with a peak of 82.15 g/t Au reported over a 12 hour period. The plant throughput has been reduced to maximise recovery when treating these very high grades. Additional to mining, grade control drilling from the first drill cuddy, DDC1 is now complete, with drilling from the second drill cuddy, DDC2 located 125 metres to the south, ongoing. Drilling from a third cuddy, located 200 metres to the north of DDC1, has also commenced. | |
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