K1 Vena Bagian Panjang GNW
VANCOUVER, British Columbia, 06 Mei 2024 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” atau “Perusahaan”) (TSX: KNT; OTCQX: KNTNF) dengan senang hati mengumumkan hasil tingkat tinggi terbarunya dari pengeboran berlian permukaan dan bawah tanah yang sedang berlangsung di deposit Kora, Kora Selatan, Judd, dan Judd Selatan serta target Utara Kora dan Judd di Tambang Emas Kainantu di Papua Nugini.
Zona-dilatant ganda terpotong pada Vena K2 Kora, termasuk zona-dilatant baru yang ditemukan di luar perkiraan sumber daya Kora Selatan dan perluasan zona-dilatant yang ada ke bawah-tengah: Penangkapan zona-dilatant baru Kora Selatan: KUDD0053: 78,50 m pada 27,03 g/t emas setara (“AuEq”)(2) (24,94 g/t Au, 116 g/t Ag, 0,38% Cu)KUDD0056: 34,00 m pada 8,14 g/t AuEq (5,45 g/t Au, 130 g/t Ag, 0,65% Cu)Perpanjangan zona-dilatant yang diketahui ke bawah-tengah: KUDD0058: 51,00 m pada 7,04 g/t AuEq (0,82 g/t Au, 48 g/t Ag, 3,58% Cu)
Zona bergrade tinggi dalam Vena K1 dan K2 Kora diperluas ke berbagai arah, dan pada kadar yang lebih tinggi di berbagai area daripada model sumber daya, termasuk: Perpanjangan bergrade tinggi Vena K1 ke atas-tengah dari area penambangan bawah tanah utama: KMDD0590: 3,26 m pada 86,92 g/t AuEq (86,40 g/t Au, 10 g/t Ag, 0,25% Cu)KMDD0634: 12,09 m pada 18,90 g/t AuEq (15,45 g/t Au, 34 g/t Ag, 1,92% Cu)KMDD0591: 3,90 m pada 49,78 g/t AuEq (49,14 g/t Au, 8 g/t Ag, 0,34% Cu)KMDD0596: 8,74 m pada 25,91 g/t AuEq (24,21 g/t Au, 14 g/t Ag, 0,97% Cu)KMDD0635: 11,15 m pada 16,27 g/t AuEq (8,40 g/t Au, 88 g/t Ag, 4,30% Cu)KMDD0592: 5,50 m pada 22,16 g/t AuEq (21,18 g/t Au, 15 g/t Ag, 0,50% Cu)KMDD0617: 2,25 m pada 32,64 g/t AuEq (27,85 g/t Au, 8 g/t Ag, 2,99% Cu)Perpanjangan bergrade tinggi Vena K2 ke atas-tengah dari area penambangan bawah tanah utama: KMDD0662: 9,00 m pada 40,36 g/t AuEq (32,47 g/t Au, 63 g/t Ag, 4,52% Cu)KMDD0657: 6,05 m pada 47,27 g/t AuEq (38,03 g/t Au, 94 g/t Ag, 5,13% Cu)KMDD0624: 5,60 m pada 23,16 g/t AuEq (14,31 g/t Au, 30 g/t Ag, 5,40% Cu)KMDD0617: 5,10 m pada 21,46 g/t AuEq (20,06 g/t Au, 11 g/t Ag, 0,80% Cu)Pengeboran langkah ke arah selatan, di luar sumber daya saat ini, di vena K2 memotong beberapa perpotongan emas bergrade tinggi dan tembaga bergrade tinggi: KMDD0654A: 17,45 m pada 23,79 g/t AuEq (16,77 g/t Au, 72 g/t Ag, 3,89% Cu)KMDD0632: 9,30 m pada 15,30 g/t AuEq (7,87 g/t Au, 105 g/t Ag, 3,88% Cu)
Catatan:
(1) Sorotan pengeboran yang disajikan di atas adalah panjang inti (bukan lebar sebenarnya).
(2) Hasil eksplorasi setara emas (AuEq) dihitung menggunakan harga komoditas jangka panjang dengan harga tembaga US$4,00/lb, harga perak US$22,5/ons, dan harga emas US$1.750/ons.
John Lewins, Chief Executive Officer dan Direktur K92, menyatakan, “Serangkaian hasil pengeboran terbaru terus memperkuat pandangan kami bahwa potensi ekspansi sumber daya Kora-Kora Selatan dan Judd-Judd Selatan sangat signifikan, selain peluang signifikan untuk memperluas zona bergrade tinggi melalui peningkatan kerapatan pengeboran. Zona bergrade tinggi yang diperluas secara vertikal di K1, K2, dan J1 sangat penting karena mereka berada tepat di atas area kerja tambang utama kami, membuat kami siap untuk Ekspansi Tahap 3 dalam jangka pendek dan menengah di daerah tersebut. Ke selatan, penemuan zona-dilatant baru sangat menggembirakan dan perpotongan langkah bawah tanah bergrade tinggi dari drive pengeboran Level 1205 terus mendukung pandangan kami bahwa seperti Kora, potensi grade terbaik Kora Selatan berada pada kedalaman, dan kami baru mulai menyentuh permukaan di sana.”
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Beyond Kora-Kora South and Judd-Judd South, at Arakompa, exploration activities continue to ramp-up, with a third rig imminently commencing drilling. We look forward to providing an update in due course.”
The results for the latest 140 diamond drill holes completed from surface and underground are summarized in the tables below. The results continue to demonstrate the high-grade, continuity and expansion potential of the Kora-Kora South and Judd-Judd South vein systems. Intersections largely focused on increasing drill density vertically while also targeting resource extension along strike to the south and north.
All drill holes at Kora-Kora South (including Northern Deeps) intersected mineralization, with 31 intersections exceeding 10 g/t AuEq and 89 intersections exceeding 5 g/t AuEq. At Judd-Judd South (including Northern Deeps), all drill holes intersected mineralization, with 12 intersections exceeding 10 g/t AuEq and 27 intersections exceeding 5 g/t AuEq.
Figures
Long sections of K1, K2, J1 and J2 showing the location of the latest drill holes are provided in Figures 1, 2, 3 and 4, respectively.
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A long section showing Kora drilling to date is provided in Figure 5.
A long section showing Judd drilling to date is provided in Figure 6.
Core photographs are provided of drill hole JDD0231 in Figure 7, KMDD0591 in Figure 8, KMDD0657 in Figure 9 and KMDD0662 in Figure 10.
Table 1
Kainantu Gold Mine – Significant Intercepts from Kora Underground Diamond Drilling
(m)True width
(m)Gold g/tSilver g/tCopper %Gold EqVeinKMDD057791.0091.250.250.170.57524.348.04 KMDD0577130.80131.150.350.230.58233.937.04 KMDD0577166.30166.500.200.130.57143.325.95 KMDD0577169.90170.300.400.2716.47270.6317.80K1KMDD0577177.35189.0011.657.801.80171.604.53K2KMDD0577197.50199.001.501.000.33182.374.28 KMDD0577205.00207.202.201.470.40151.793.40K2HWKMDD0580103.00106.003.001.821.1337.000.201.92J1KMDD0574158.00180.0022.009.160.6137.002.304.69K2KMDD0574186.00190.004.001.682.99240.924.74K2HWKMDD0578168.40174.816.414.103.4060.985.01K1KMDD0578179.65187.007.354.721.03213.226.35K2KMDD0582109.00111.002.001.611.0470.321.63K1KMDD0582119.30135.0015.7012.671.34352.265.33K2KMDD0582150.75157.506.755.450.4990.601.55K2HWKMDD0595117.82120.002.181.205.8350.576.79K1KMDD0595129.32146.8017.489.611.9070.783.21K2KMDD0595172.42180.207.784.251.09700.733.13K2HWKMDD0590148.66151.923.262.8086.40100.2586.92K1KMDD0590156.60162.005.404.862.3050.102.52K2KMDD0596226.50227.551.050.591.45252.535.74K1FWKMDD0596261.11269.858.744.9224.21140.9725.91K1KMDD0596270.75280.009.255.210.39110.090.66K2KMDD0575235.00247.0012.001.170.51211.753.51K2KMDD058596.9598.681.730.961.1820.011.22J1KMDD0585128.50137.609.105.150.5660.050.72 KMDD0585178.45181.903.452.211.7530.422.45 KMDD0585194.10196.001.901.221.4420.021.50 KMDD0585209.20211.001.801.143.6610.033.72K1KMDD0586118.00122.004.001.833.1941.165.06J1KMDD0586165.00168.403.401.652.04140.032.27 KMDD0586226.40229.703.301.940.9250.241.36 KMDD0586304.70307.202.501.670.2550.110.49K1KMDD0586326.05327.851.801.220.96511.093.32K2KMDD0591145.80149.703.903.2949.1480.3449.78K1KMDD0591151.75155.003.252.807.9280.438.70K2KMDD0581182.73185.903.171.890.6210.030.68 KMDD0581266.00271.105.103.040.66110.611.76K1KMDD0588A252.85253.150.300.196.671181.5610.63 KMDD0588A273.00274.431.430.910.1990.641.31K1KMDD0588A304.18308.003.822.430.06100.661.22 KMDD0588A356.00356.650.650.440.23372.224.19 KMDD0588A371.40375.003.602.420.1950.430.93K2KMDD0588A395.00396.701.701.140.25281.623.15 KMDD0602153.35156.553.202.483.76130.184.21K1FWKMDD0602179.40185.406.004.675.5430.045.64K1KMDD0597199.04201.462.421.722.34101.484.79 KMDD0597212.60214.201.601.142.3062.065.61K1KMDD0597218.70225.356.654.751.22101.193.21K2KMDD0598201.10204.002.902.302.43101.965.63K1KMDD0598213.00223.7010.708.491.23190.712.59K2KMDD0593145.20155.009.806.081.97170.292.64K1KMDD0593162.00167.405.403.311.8960.202.28K2KMDD060756.0059.703.703.210.1620.060.28J1HWKMDD060785.9091.005.104.290.8620.050.96 KMDD0607128.50133.404.904.351.0210.011.05K1KMDD0607221.70225.503.803.451.9730.052.09K2KMDD061270.0074.004.003.380.5720.040.66J1HWKMDD0612146.70150.503.803.320.4620.300.96K1KMDD0612155.00160.055.054.410.2430.250.67K1HWKMDD0612224.00225.001.000.878.90161.1710.94K2KMDD060168.8072.603.802.320.5620.070.70J1HWKMDD0601179.00182.003.002.781.0410.021.08K1KMDD0599193.00195.752.752.280.3020.160.58K1KMDD0599200.23216.0015.7713.094.11160.354.86K2KMDD0599223.00225.602.602.1622.81170.4623.75K2HWKMDD0599232.70235.502.802.320.62120.321.28K3KMDD0600211.87217.956.084.251.82110.021.99K1KMDD0600229.75233.503.752.592.85320.063.36K2KMDD060958.8064.705.905.880.8360.111.08J1HWKMDD0609139.00140.001.001.000.1220.010.16K1KMDD0592148.20153.705.504.1621.18150.5022.16K1KMDD0592156.50160.203.702.831.74160.142.17K2KMDD0592170.85174.103.252.5276.86370.0177.35K2HWKMDD0592181.80187.005.204.090.6990.511.61K3KMDD061497.00103.286.284.050.6220.080.77J1HWKMDD0614141.50143.001.501.0637.41102.2341.03 KMDD0614177.00185.008.005.731.0320.211.38K1KMDD0614204.80206.201.401.001.9760.522.86 KMDD0614277.00277.600.600.440.1750.050.31K2KMDD0617134.75137.002.251.7827.8582.9932.64K1KMDD0617139.75144.855.104.0320.06110.8021.46K2KMDD0617167.00167.900.900.717.47110.127.80K2HWKMDD0619124.68132.107.426.174.81170.896.42K1KMDD0619137.70142.304.603.826.76512.3911.16K2KMDD0619144.30146.201.901.574.33161.206.42K2HWKMDD0619153.22158.305.084.201.34140.101.68K3KMDD0624204.26206.902.641.925.111163.9012.71K1KMDD0624212.80218.405.604.0614.31305.4023.16K2KMDD0624221.95224.002.051.481.4040.151.69K2HWKMDD0624227.40230.403.002.170.96130.742.29 KMDD0624237.00239.772.771.991.20351.323.72 KMDD0608157.30159.402.101.5212.3310.0112.36K1KMDD0608234.80236.561.761.275.9310.015.96 KMDD0608239.50239.750.250.1851.7910.0251.83 KMDD0616152.85163.9011.055.081.06120.241.59J1HWKMDD0616224.55230.185.633.081.7610.051.85K1KMDD0616374.65376.631.981.071.5640.101.77K2KMDD0622120.40126.876.475.925.6880.917.21K1KMDD0622135.93142.556.626.060.4150.521.29K1HWKMDD0622154.60162.307.707.051.40100.642.53K2KMDD0623123.45131.758.307.516.8690.868.32K1KMDD0623137.60149.6012.009.000.5660.521.45K1HWKMDD0623162.65172.159.508.551.22131.133.16K2KMDD0634139.28151.3712.099.5415.45341.9218.90K1KMDD0650163.71168.224.513.560.52110.291.12K1HWKMDD062613.0515.702.652.012.0940.342.67J1HWKMDD062619.4421.602.161.412.2320.573.15 KMDD0626220.60226.365.764.278.70322.0212.28K1KMDD0626229.55233.203.652.704.3771.586.94KLKMDD0626238.40241.282.882.131.47280.462.55K2KMDD0626263.45266.202.752.041.04432.205.04K2HWKMDD0618128.30135.457.155.130.7820.241.18K1KMDD0618136.60144.958.355.972.35331.625.31K2KMDD0618149.00160.6011.608.260.5971.012.26K2HWKMDD0618164.00166.002.001.420.3160.651.41K3KMDD0621120.35123.002.651.917.6580.438.43K1KMDD0621126.80129.702.902.0920.23101.4322.60KLKMDD0621135.60139.103.502.505.36312.159.13K2KMDD0621152.10156.604.503.195.30710.587.12K2HWKMDD0621162.75164.451.701.200.45251.362.90K3KMDD0620115.80124.208.407.4812.65100.9014.19K1KMDD0620130.70137.406.705.961.30191.003.11KLKMDD0620148.60154.405.805.162.79351.135.01K2KMDD064586.4587.200.750.555.80153.9312.15 KMDD064596.00108.0012.008.830.4460.531.35 KMDD0645192.60196.654.052.982.3020.342.86K1KMDD0645219.70220.500.800.592.8650.623.90 KMDD063069.0075.106.104.160.28100.110.58K2KMDD0630105.00106.601.601.100.63550.051.42 KMDD0630144.41149.184.772.300.24110.020.42 KMDD0630154.80158.403.602.490.2280.020.35 KMDD0625224.00226.002.001.550.22211.002.06K3KMDD0625210.30215.945.644.383.3460.934.88K2HWKMDD0625199.00208.169.167.127.0341.098.79K2KMDD0625187.00189.182.181.703.6260.524.52 KMDD062511.4412.651.210.9616.19230.5017.28J1HWKMDD0644374.30378.454.151.970.31180.741.70K3KMDD0644354.50357.803.301.560.66143.346.08K2HWKMDD0644345.64352.306.663.150.54274.187.44K2KMDD0644327.94328.850.910.440.36305.569.45 KMDD064457.3059.001.700.703.2820.153.55 KMDD06441.962.360.400.152.6460.052.80J1HWKMDD062761.1063.001.901.780.2510.040.33J1HWKMDD062862.4266.003.583.503.2330.193.56J1HWKMDD062874.6777.372.702.640.2230.160.52 KMDD0643133.60137.904.302.750.5150.120.76J1HWKMDD0643152.00155.103.101.950.6460.231.07 KMDD065644.8054.009.208.033.06380.273.97K1KMDD065660.0067.007.006.055.3830.566.29KLKMDD0656107.00115.008.006.642.36330.363.36K2KMDD065051.7057.305.604.352.04130.112.37K1KMDD065072.3476.273.933.110.9310.281.39KLKMDD0650117.22125.808.587.210.7430.391.38K2KMDD0650132.25140.157.906.700.91230.702.30K2HWKMDD0650152.10153.801.701.463.30431.015.44K3KMDD063295.60104.909.302.797.871053.8815.30K2KMDD0632118.90131.9013.004.250.50281.062.53K2HWKMDD0632163.00165.002.000.681.02150.031.27 KMDD0632210.85212.001.150.4125.65130.0325.87 KMDD063375.0079.004.002.540.24322.494.55K2KMDD0633127.58129.602.021.260.25420.010.82K2HWKMDD0633198.92199.640.720.461.03240.071.44 KMDD0633204.03207.002.971.880.4610.010.49 KMDD0631A86.0091.005.002.340.25160.531.28K2KMDD0631A107.55109.501.950.910.2320.030.32K2HWKMDD0631A138.00140.602.601.230.3660.010.45 KMDD0631A187.00189.352.351.120.46210.020.75 KMDD0635146.70157.8511.158.348.40884.3016.27K1KMDD0635163.77168.654.883.750.7380.892.24K2KMDD0635190.70192.301.601.231.51400.633.01 KMDD0635204.50208.704.203.235.36560.907.49K2HWKMDD0654A27.0028.001.000.396.4480.036.58 KMDD0654A101.50103.451.950.740.26323.996.93K1FWKMDD0654A109.50110.450.950.371.7710.021.82 KMDD0654A112.15129.6017.456.8216.77723.8923.79K2KMDD0657159.48163.453.972.523.98443.459.96K1KMDD0657171.00177.056.053.8338.03945.1347.27K2KMDD0657198.20200.302.101.3316.02450.2917.05K2HWKMDD0652105.67124.5018.835.770.73572.645.61K2KMDD066368.3072.604.303.972.5980.203.02K1FWKMDD066377.2879.632.352.154.94270.105.44K1KMDD066383.5085.101.601.451.7610.152.00K1HWKMDD066387.1489.482.342.121.4330.021.51 KMDD066392.0093.701.701.531.72170.522.74 KMDD0663132.74136.083.342.841.24130.432.08K2KMDD0662125.00127.002.001.391.7410.011.77 KMDD0662151.05156.205.153.588.67271.5611.46K1KMDD0662162.00171.009.006.2632.47634.5240.36K2KMDD0662173.40174.300.900.631.39111.233.45K2HWKMDD0662177.55177.900.350.242.69170.794.15 KMDD0662190.20199.008.806.163.69321.055.74K3KMDD066496.80101.004.202.890.8770.561.84 KMDD0664119.00124.255.253.611.6240.212.00K1KMDD0665147.95156.008.055.774.7490.585.76K1KMDD0665156.90159.002.101.511.6680.412.40K2KMDD064940.9541.900.950.567.681091.2511.04 KMDD0649247.60248.400.800.470.60152.574.82 KMDD0649295.00295.800.800.471.06293.867.48 KMDD0649300.60302.451.851.0917.14333.8923.67K1KMDD0649306.50327.8021.3012.050.65301.703.70K2KMDD066836.4041.855.455.402.20410.493.51 KMDD066848.2549.671.421.411.5131.133.31 KMDD066851.9552.360.410.415.1530.065.28 KMDD066858.1267.709.589.491.8850.132.15K1KMDD066888.5088.920.420.421.8061.323.95 KMDD066899.50104.575.075.040.74211.162.83K2KMDD067724.8025.901.101.001.94150.933.59 KMDD067761.0075.0014.0012.713.7120.204.06K1KMDD0677111.70115.153.453.450.97243.336.49K2KMDD0651B64.3068.704.403.200.75250.351.63K1KMDD065916.3022.005.705.680.7760.181.13J1KMDD065999.2599.600.350.352.33171.955.60 KMDD0659172.60174.501.901.892.0491.344.26K1KMDD06481.002.001.000.491.2230.161.52 KMDD064844.9545.750.800.394.4530.064.57 KMDD0648123.00124.001.000.495.3120.015.35 KMDD0648303.40306.453.051.480.40142.314.20 KMDD0648317.70327.8810.184.950.5551.392.79K1KMDD0648333.80338.004.202.045.80111.628.48K2KMDD0648341.40344.503.101.511.0980.832.50 KMDD0648368.00369.121.120.540.87792.656.04 KMDD0646121.50122.100.600.351.0850.081.26 KMDD0646134.76137.002.241.300.9140.141.19 KMDD0646145.72147.601.881.091.43100.061.65 KMDD0646177.60182.675.072.940.71140.541.73 KMDD0646202.54205.002.461.430.8220.131.06 KMDD0646214.94216.001.060.6213.2680.2113.69 KMDD0646226.00226.450.450.261.6720.081.82 KMDD0646229.00232.773.772.193.3830.163.68 KMDD0646248.80254.005.203.022.2120.122.43K1KMDD0646257.94258.450.510.301.9120.052.01 KMDD0646324.65325.901.250.741.74801.004.35K2KMDD0646332.93333.440.510.303.98900.495.91K2HWKMDD0646342.40343.501.100.652.02500.092.80 KMDD0646362.50363.000.500.301.04140.612.18 KMDD067092.4094.702.302.043.4080.864.85 KMDD0670104.85113.708.857.850.24101.122.12K1KMDD0670117.50119.882.382.110.22173.125.33K1HWKMDD0670133.40136.302.902.570.21112.424.15K2FWKMDD0670138.85145.756.906.124.1960.715.37K2KMDD0670149.25150.751.501.330.21271.833.43K2HWKMDD0690116.10120.003.903.411.8551.654.51K1KMDD0690150.60157.206.605.701.90100.462.76K2KMDD0689122.90126.303.403.095.3960.115.65K1KMDD0689171.25177.706.455.860.4030.230.81K2KMDD068558.2059.901.701.512.3130.112.52 KMDD068569.2071.171.971.759.3320.049.41K1KMDD0685121.40122.200.800.712.3850.102.60K2KMDD068455.5059.203.703.483.5530.614.54K1KMDD0684102.03103.000.970.9118.00291.9321.40K2KMDD0683150.95157.206.255.001.25271.473.90K1KMDD0683163.60174.2010.608.5111.00651.2213.75K2KMDD0683174.20181.006.805.472.26330.974.19K2HWKMDD0683204.10207.983.883.151.42190.392.28 KMDD0682117.30129.0011.708.743.6530.444.39K1KMDD0682111.43114.002.571.922.0460.362.68K1FWKMDD068254.0055.001.000.766.0130.046.11 KMDD06820.152.001.851.402.8330.273.29 KMDD06810.006.006.005.140.9420.351.51 KMDD068110.0011.001.000.682.2620.042.35 KMDD068171.3072.000.700.610.9640.261.43 KMDD0681113.35122.509.158.012.1910.032.26K1KMDD0681167.25170.303.052.680.3250.200.70K2KMDD067661.0066.405.404.441.58300.352.52 KMDD067667.8079.5011.709.632.3230.443.05K1KMDD067695.40102.006.605.430.9420.291.41KLKMDD0676112.30118.456.155.061.28190.211.85K2KMDD0675118.90123.905.002.981.61121.393.94 KMDD0675127.30144.0016.7013.074.29661.577.59K1KMDD0675149.30151.652.351.404.13190.905.79 KMDD0675166.10176.2510.156.046.72221.329.08K2KMDD0667128.80134.225.424.465.3030.175.60K1KMDD0667139.20147.808.607.052.46352.426.70K2KMDD0686A95.65101.005.352.673.1230.123.35K1KMDD0686A112.85114.902.051.0312.1180.1012.37KLKMDD0686A161.40164.553.151.582.61240.914.35K2KMDD0691100.30104.003.703.520.6180.381.30K1KMDD0691133.00138.005.004.752.0091.374.27K2KMDD0691148.00156.008.007.602.21170.893.81K2HWKMDD0691166.15169.203.052.900.97171.283.19K3KMDD0688A102.00104.802.802.565.4930.075.64K1KMDD0688A117.98120.182.202.017.1950.818.53KLKMDD0688A177.56180.623.062.751.1740.461.95K2KMDD0694126.10131.585.484.811.2120.321.74K1KMDD0694132.90134.301.401.231.3630.301.87KLKMDD0694163.00165.002.001.792.39100.142.73K2KMDD0693110.64112.201.561.405.3630.696.48K1KMDD0693123.47126.422.952.643.8420.144.07KLKMDD0693163.28167.133.853.440.8740.191.22K2KMDD0695102.95108.905.955.072.0650.482.87K1KMDD0695118.95120.651.701.445.1040.045.21KLKMDD0695187.70191.203.502.860.2620.320.78K2K92DD002413.3714.601.231.1120.23110.1020.53 K92DD002468.2275.677.456.720.4220.180.73J1K92DD002482.3084.201.901.711.661.000.021.70 K92DD0024122.30133.4211.1210.250.423.000.110.63K1K92DD0024232.85234.131.281.190.098.000.821.48K2K92DD002088.0097.209.207.630.461.680.030.53 K92DD0020105.60108.562.962.270.3010.160.57 K92DD0020111.20113.322.121.632.2810.032.34 K92DD0020144.40146.922.521.611.0910.131.31 K92DD0020156.70158.601.901.502.0830.302.58 K92DD0020161.45164.553.102.450.7410.050.83 K92DD0020181.90185.853.953.150.5430.331.09K1K92DD002514.0015.001.000.705.7540.095.94 K92DD002597.70101.754.052.820.6050.521.48J1
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Table 2
Kainantu Gold Mine – Significant Intercepts from Judd Underground Diamond Drilling
(m)True width
(m)Gold g/tSilver g/tCopper %Gold EqVeinJDD0200110.00115.725.722.821.4830.051.60J1JDD0200122.90123.710.810.408.6710.118.86 JDD0207105.10105.850.750.740.38112.274.08J1JDD0207121.33126.004.674.620.67120.691.91J1LJDD021154.3565.2510.908.894.4470.715.64J1JDD021172.7574.151.401.152.22100.833.64J1NJDD0208A157.67159.521.851.570.92170.291.59J1LFWJDD0208A139.00140.001.000.851.73192.315.59J1LJDD0208A131.93133.001.070.910.19122.173.75J1LHWJDD0208A117.80121.153.353.070.80111.363.07J1JDD0209231.35234.102.751.870.28480.000.90J1LFWJDD0209214.00220.006.004.080.2630.010.31J1LJDD0209195.00197.002.001.360.54110.010.70J1LHWJDD0209161.00169.558.555.840.1330.821.45J1JDD0210339.57343.103.531.790.60372.144.43J1LFWJDD0210279.00282.063.061.550.27100.501.18J1LJDD0210168.50180.9012.406.300.1830.260.63J1JDD0212211.70222.4010.705.250.44180.571.56J1JDD0214226.90235.208.305.310.42240.090.87J1LFWJDD0214197.70201.603.902.440.94300.822.61J1LJDD0214170.70173.152.451.410.22120.290.83J1JDD021465.0067.662.661.540.7910.010.82J1HWJDD021654.0057.943.942.360.1430.050.26 JDD0216108.30113.004.702.890.84320.562.13J1JDD0216117.10121.704.602.840.6410.040.72J1HWJDD021839.8045.605.804.480.1060.280.62 JDD021738.8841.802.922.560.32120.821.76 JDD021758.0063.005.004.420.49130.261.06J1JDD0213186.90194.807.903.250.2780.180.65J1JDD0213299.40303.804.402.061.07363.917.66J1LJDD021982.8283.730.910.720.67130.772.05J1JDD021997.0099.552.551.980.8460.201.22 JDD0219121.90122.340.440.330.5230.110.73J12JDD0220107.40108.751.350.883.16120.033.36J1JDD022455.9056.901.000.621.761150.534.07J1JDD022466.7067.400.700.444.7370.014.85J12JDD0223149.00149.470.470.421.7330.061.86J1NJDD0223135.30141.836.535.8516.66190.3117.41J1JDD0232142.70146.663.962.864.85110.635.99J1JDD0232151.18154.503.322.221.261202.406.56J1NJDD0233144.90149.925.023.324.9170.435.67J1JDD0233151.60155.003.402.253.21250.504.32J1NJDD0234157.38159.402.021.253.37140.173.83J1JDD0235187.20191.334.132.7968.00130.6069.10J1JDD0236203.66211.007.344.255.88210.567.03J1JDD0230131.60136.004.403.2417.96230.3918.87J1JDD0231129.33133.003.672.8537.49591.7941.05J1JDD0226103.30105.302.001.198.311660.3811.03 JDD0226139.30141.752.451.461.27230.762.76J1JDD0226201.92203.751.831.052.39190.042.70 JDD0226218.80222.503.702.110.31160.962.02J1LJDD0226228.00229.201.200.681.08882.325.85 JDD0226294.60299.404.802.700.70636.2411.30 JDD0227202.00206.604.602.310.32290.731.84J1JDD0227283.00287.004.002.050.26510.872.27J1LJDD0227354.00364.0010.005.260.98160.171.45 JDD0237200.00205.105.102.611.1950.552.11J1JDD0238163.59166.162.571.549.41130.4010.19J1JDD0238177.38179.702.321.396.3440.336.90J1NJDD0238189.00189.400.400.241.0210.011.05 JDD0238211.17213.101.931.171.5160.602.53 JDD0238215.42218.002.580.550.7110.010.75 JDD023940.1043.753.652.488.6570.339.26 JDD023976.0078.702.701.7944.03110.1944.48J1JDD023981.3682.601.240.823.32130.143.70J1LJDD023994.9095.520.620.417.711086.8919.90 JDD023996.9898.361.380.591.50420.643.04 JDD0239106.35107.080.730.476.43763.0312.16 JDD022541.0042.001.000.672.18750.043.21 JDD0225131.55136.304.753.140.46381.202.83J1JDD0225191.60195.704.102.680.33201.272.57J1LJDD0225202.85212.509.656.300.25150.992.00 JDD0225267.00271.324.322.790.53151.112.47 JDD0225276.00280.894.893.160.60360.932.53
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Table 3
Kainantu Gold Mine – Significant Intercepts from Kora South, Judd and Judd South Surface Diamond Drilling
(m)True width
(m)Gold g/tSilver g/tCopper %Gold EqVeinKUDD0053172.00172.800.800.163.19600.054.04K1FWKUDD0053207.00210.003.000.604.37380.024.90K1KUDD0053220.90258.2037.305.381.171180.142.90K2FWKUDD0053239.00317.5078.5011.8624.941160.3827.03K2KUDD0053350.40378.0027.605.522.39260.433.40K2HWKUDD0055135.90137.101.200.531.0620.011.10K2FWKUDD0055172.10174.202.100.922.47170.062.77K2KUDD0052268.60269.000.400.202.032055.4313.18J2FWKUDD0052328.70350.0021.3010.443.72300.554.97J2KUDD005425.8026.801.000.643.7610.023.80K1KUDD0056240.40253.0012.603.782.71400.373.80K2FWKUDD0056267.70301.7034.0010.205.451300.658.14K2KUDD0057178.80180.001.200.592.221230.043.86K2HWKUDD0057247.60253.005.402.651.081201.494.95K2KUDD0057324.80336.1011.305.542.891140.885.74K1KUDD0057348.00350.802.801.371.08684.028.25K1SplayKUDD0057362.40373.4011.005.390.15261.002.05K1FWKUDD0058181.10183.902.801.624.62150.415.44J2KUDD0058187.70196.008.304.811.33251.163.47J1FWKUDD0058203.90227.7023.8013.800.80220.561.97J1KUDD0058421.40424.903.502.030.72485.289.61K1KUDD0058457.20459.252.051.190.32201.312.64K1HWKUDD0058474.40476.101.700.990.17111.152.12K2FWKUDD0058479.70530.7051.0029.580.82483.587.04K2KUDD0058536.10540.504.402.551.00302.074.62K2HWKUDD004467.0067.800.800.320.086400.218.64 KUDD0044448.20470.1021.908.761.26170.993.04J2including462.25470.107.853.141.58212.075.10 KUDD0059147.80148.400.600.392.9330.103.13 KUDD006159.0060.401.400.696.3810.016.40J1HKUDD0061102.00109.007.003.430.5890.531.52J1KUDD0061144.00149.005.002.451.0340.181.37J2KUDD0061168.00171.003.001.470.2990.741.56J2FWKUDD0062101.30106.805.502.260.57240.301.35K2KUDD0062129.00136.007.002.870.27250.040.66K2HWKUDD00600.004.404.402.335.1310.015.16K1KUDD006093.5094.200.700.372.63481.315.31K2KUDD0060105.90107.601.700.900.31530.581.89K2HWKUDD0064182.00192.0010.004.100.35691.233.16K2HWKUDD0064196.00201.305.302.170.842102.227.03K2KUDD0064213.00219.506.502.670.21270.461.28K2FWKUDD006313.0015.202.200.901.4140.011.49K1KUDD0063245.30247.001.700.909.90110.0110.06K2KUDD0063207.00222.1015.108.001.1880.171.54K2FWKODD0041314.50316.001.500.750.17221.432.70J3FWKODD0041326.20326.800.600.304.19574.0411.25J3KODD0041342.48346.403.921.960.1190.681.29J3HWKODD0041379.80403.0023.2011.602.27210.773.74J2including384.20398.7014.507.253.00250.894.71 KODD0046201.90202.300.400.260.83130.011.01J1KODD0046242.50243.100.600.400.06141.883.19J1HWKODD0043101.30101.700.400.150.0830.781.34J2FWKODD0043106.10108.302.200.812.39210.373.24J2KODD0043126.40127.901.500.561.45160.201.97J2HWKODD0043177.40178.100.700.2618.1080.0518.28J1FWKODD0043190.10191.801.700.631.3380.932.89J1FW2KODD0043245.00246.601.600.590.79501.363.56J1KODD004577.7078.550.850.502.5230.022.59J3HWKODD0045102.00102.600.600.350.23332.224.13J2SplayKODD0045130.80133.402.601.530.19341.102.35J2FWKODD0045145.40154.809.405.550.08192.334.70J2KODD004790.5094.003.501.720.241190.522.58J2FWKODD0047119.00135.2016.207.940.3080.571.30J2KODD0047218.20218.600.400.200.8750.111.11J1KODD004883.0083.600.600.311.6500.001.66J2FWKODD0048130.60131.000.400.210.88681.684.39J2KODD0048156.10157.601.500.781.2440.632.28J1KODD004976.0077.001.000.580.38641.163.01J2FWKODD004991.7092.200.500.290.14242.344.12J2KODD0049121.80125.503.702.151.2870.181.65J2HWKODD0049133.15133.700.550.320.87183.456.51J2SplayKODD0049174.90175.300.400.230.1480.501.03J1KODD0049464.20469.355.152.990.10101.752.97K1FWKODD0049488.60526.5037.9021.980.79131.172.80K1KODD0050164.95166.851.900.761.71975.7812.01J2FWKODD0050176.00191.8015.806.320.26100.941.86J2KODD0053131.10136.105.003.150.9860.571.95K1FWKODD0053141.30144.703.402.140.52141.793.51K1KODD0053147.40148.401.000.630.1242.974.84K1HWKODD0054136.70143.707.003.990.9280.942.50J2KODD0054519.40529.7010.305.872.61101.695.39K1KODD0054532.00544.7012.707.240.5061.502.93K1HWKODD0054551.10563.5012.407.070.87251.343.29K2FWKODD0054570.90578.007.104.053.98603.069.55K2HWKODD005158.0059.001.000.457.41120.087.70J1KODD0051202.40205.302.901.310.88101.753.76K1KODD0051205.30258.8053.5011.843.5350.554.47K2FWKODD0051249.20263.0013.802.791.8761.053.59K2KODD0051279.00290.8011.805.311.8161.203.77K2HWKODD005559.7063.203.502.701.7220.051.83J2KODD0055278.90280.301.401.080.75144.958.69J1FWKODD0055285.60295.459.857.587.3720.137.58J1KODD0055308.00308.300.300.2325.20305.4234.08J1HWKODD0055322.15327.155.003.850.8150.982.40K1KODD0055336.00337.701.701.311.5360.522.42K1HWKODD0055372.75373.100.350.270.62161.813.66K2
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Table 4
Kainantu Gold Mine – Collar Locations for Kora and Judd Surface and Underground Drilling
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Table 5
Kora and Judd Mineral Resource Estimate (Effective Date September 12, 2023, 3 g/t gold equivalent cut-off)
The Independent and Qualified Person responsible for the Mineral Resource estimate is Simon Tear, P.Geo. of H & S Consultants Pty. Ltd., Sydney, Australia, and the effective date of the estimate is September 12, 2023.Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.Geological interpretation has generated a series of narrow, sub-vertical vein structures based on delineated wireframes on 10m, 20m and 25m spaced cross sections. The design of the lode wireframes is based on a combination of logged geology, Au, Cu & Ag assay grades and locally on a nominal minimum mining width of 5.2m, all coupled with geological sense.Resources were compiled at 3 g/t gold equivalent cut-off grades for Kora and Judd.Density (t/m3) was modelled using Ordinary Kriging on 2,778 sample measurements. Areas within the mineral wireframes where no density grades were interpolated had average default values inserted at appropriate levels.Reported tonnage and grade figures are rounded from raw estimates to reflect the order of accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. Estimations used metric units (metres, tonnes and g/t).Gold equivalents are calculated as AuEq = Au g/t + Cu%*1.6481+ Ag g/t*0.0114. Gold price US$1,700/oz; Silver US$22.5/oz; Copper US$4.00/lb. Metal payabilities and recoveries are incorporated into the AuEq formula. Recoveries of 95% for copper and 80% for silver were used.
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Drill Hole Sampling Methodology, QA/QC and Qualified Person
Diamond drill hole is first logged to determine the sampling intervals, which range from a minimum of 0.1 metres to generally 1 metre. The drill core is sawn half core cut along a reference line, with the remainder of the core returned to the core tray. Core samples are then placed in numbered calico and plastic bags, with a numbered sample ticket for dispatch to the assay laboratory. Samples are separately assayed for gold, copper and silver. K92’s procedure includes the insertion standards, blanks and duplicates. Gold assays are by the fire assay method. Copper and silver assays are by three-acid-digestion method (nitric, perchloric & hydrochloric mix).
K92 maintains an industry-standard analytical quality assurance and quality control (QA/QC) and data verification program to monitor laboratory performance and ensure high quality assays. Results from this program confirm reliability of the assay results. All sampling and analytical work for the mine exploration program is performed by Intertek Testing Services (PNG) LTD, an independent accredited laboratory that is located on site. External check assays for QA/QC purposes are performed at SGS Australia Pty Ltd in Townsville, Queensland, Australia.
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The analytical QA/QC program is currently overseen by Andrew Kohler, PGeo, Mine Geology Manager and Mine Exploration Manager for K92. Andrew Kohler, a qualified person under the meaning of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and is responsible for the technical content of this news release.
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018 and is in a strong financial position. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, and the Kainantu 2022 Preliminary Economic Assessment, including the Stage 3 Expansion, a new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.
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Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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Figure 1 – K1 Vein Long Section
Figure 2 – K2 Vein Long Section
Figure 3 – J1 Vein Long Section
Figure 4 – J2 Vein Long Section
Figure 5 – Kora-Irumafimpa Long Section
Figure 6 – Judd Long Section
Photos accompanying this announcement are available at:
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