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K92 reports positive drilling results at Kainantu mine

Published by
Global Mining Review,

K92 Mining Inc. (K92) has reported results for KMDD0024, which has been drilled 50 m to the South and 60 m above the current development in Kainantu gold mine, Papua New Guinea.

This hole has recorded significant intersections in both the K1 and K2 lodes. These results extend the known Kora mineralisation in this Northern Extension over a strike length of approximately 150 m and a dip extent of approximately 100 m.

In addition, the company has continued to develop along the strike of the Kora lode with a 3.5 - 4 m x 4 m drive in a northerly and southerly direction and has now mined over 7000 t of material at an average grade of approximately 6.5 g/t Au and 1% Cu. This material is being treated through the process plant on an ongoing basis, producing a copper-gold flotation concentrate.

Following on from the success of the results from this drive and the 25 m x 25 m “grade control” grid pattern K92 has completed initial mine designs for this area which include access to, and drives along the vein on the 1210 mRL and 1235 mRL. This will enable the first stopes to be mined from this Kora Northern Extension in early 2018.

The company has also continued to develop the footwall drive parallel to the Kora lode to the South and expects to complete a second drill cuddy by the end of the month, to allow drilling to commence on a second area of 150 m by 150 m on 25 m x 25 m “grade control” grid pattern.

John Lewins, K92 CEO and Director, stated: “The ongoing results from the development along the Kora Lode and from the diamond drilling programme have continued to build our confidence in the quality and continuity of this Northern Extension of Kora. We have now mined over 7000 t…at an average grade of approximately 6.5 g/t Au and 1% copper from this strike drive an average width of approximately 3.5 m and height of 4 m over a continuous length of over 120 m. We plan not only to continue to mine along strike on the current level, but to develop drives along strike on two upper levels, which will also allow stoping to commence in early 2018”.

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