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K92 Mining Inc.
Summary
| Project: | Kainantu | |
|---|---|---|
| Deposit: | Kora Underground | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 2/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-2-2018: K92 Mining Inc. announces an Exploration/Drilling Update report for its Kora Underground deposit at the Kainantu project. Drilling results incl. 6.8m @ 53.34g/t Au, 106g/t Ag, 1.16% Cu from 91.9m. K92 Mining Inc. (“K92”) (TSX-V: KNT) (OTCQB: KNT | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Kohler (Internal) | |
| ABSTRACT: | K92 Mining Inc. (“K92”) (TSX-V: KNT) (OTCQB: KNTNF) has intersected multiple intervals of high grades of gold in drill hole KMDD0049, which is a drill hole on the most southerly line being drilled from diamond drill cuddy 2 (DDC2) orientated 25o upwards, above the current working level. Included within the results is the highest grade and best intersection K92 has achieved from Kora vein K2, being 6.8 m (4.75 true width) @ 56.45 g/t AuEq along continuing high grades in Kora vein K1, being 5.6m (3.27 true width) @ 41.71 g/t AuEq. Additional to these wide intervals of high grade, an intersection into a cross cutting link structure designated Kora KL2 returned an assay of 2.8m (1.96 true width) @ 13.33 g/t AuEq. K92 believes that the presence and results related to this second link structure potentially indicates that the current high grade being encountered in Kora K1 continues further to the south. K92 Chief Executive Officer John Lewins states, “In the same week as K92 has declared the achievement of commercial production, it is extremely pleasing to report results from possibly the best hole we have drilled to date in Kora North. This and other results from the mining, development and drilling at Kora North over the last month have been outstanding and continue to build our knowledge of the deposit and its potential. We continue to see remarkable consistency, intercepting mineralization in almost every single hole drilled from the first two underground drill cuddies and look forward to continuing our drilling program aimed at defining the potential of the Kora Deposit.” | |
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