Exploration Highlights include:

  • Intercepts include 8.27 g/t Au, 8.1% Cu and 500 g/t Ag over 0.4m in hole KMDD 005 and 3.07 g/t Au, 5.1% Cu and 158 g/t Ag over 1.2m in KMDD 006
  • Results from each of the first six exploration holes drilled to target Judd Vein System adjacent to the Irumafimpa orebody intercept significant gold, copper and silver mineralisation

K92 Mining (TSXV:KNT) is pleased to announce results from the first six exploration holes completed as part of the initial exploration drilling program on the Judd Vein System, at its high grade Kainantu Gold Mine. The results have shown that the Judd vein system extends at least 2,000m from previously drilled holes at Judd, which were drilled adjacent to the Kora Deposit. The previous holes drilled adjacent to Kora included 9m @ 8.8 g/t Au and 1.1% Cu and 3m @ 278 g/t Au.

The Judd Vein System is located within the ML 150 mining lease and runs parallel to the Irumafimpa – Kora Vein System. It is also parallel to, and between 50 and 100 metres from the main access decline into the Irumafimpa orebody, which would provide for easy access should drilling identify a suitable resource for mining.

In September 2016, K92 Mining Inc. (“K92”) commenced an initial underground diamond drilling program targeting the Judd Vein System to confirm that the system, which was known to run parallel to the Kora deposit, extends as far north as the Irumafimpa deposit. Every hole drilled, covering a strike length of approximately 200 metres, returned significant gold copper and silver results as shown in Table 1 below, confirming that the Judd vein system does extend at least to the Irumafimpa orebody. The proposed exploration drive from the existing Irumafimpa access incline to the known Kora deposit would run parallel to and within 50 to 100 metres of the Judd Vein System. Importantly, Judd is an exploration target and is not part of the K92 mineral resource nor the mining inventory.

Table 1 Kainantu Gold Mine – Significant Intercepts from Judd Exploration Drilling

Hole_id From

(m)

To

(m)

Interval

(m)

True

width (m)

Gold

g/t

Copper

%

Silver

g/t

Gold

equivalent

KMDD0001 22.5 22.68 0.18 0.15 7.33 2.87 38.6 11.94
KMDD0001 96.5 97 0.5 0.41 2.46 0.33 12.5 3.1
KMDD0002 78.8 79.6 0.8 0.78 3.24 3.97 78.7 9.96
KMDD0003 132 133 1 0.92 1.29 1.92 72.3 5
KMDD0003 153.2 153.4 0.2 0.18 1.77 0.18 25 2.36
KMDD0004 22.5 23 0.45 0.41 1.65 0.96 12.7 3.19
KMDD0004 114.5 115.5 1 0.91 1.65 0.2 13.4 2.11
KMDD0005 23.2 23.6 0.4 0.39 8.27 8.1 500 26.51
KMDD0005 79.8 81 1.2 1.18 3.07 5.1 158 12.46
KMDD0006 60.9 61.8 0.9 3.72 1.76 51.1 6.91

Notes

Gold Equivalent uses Copper price – US$2.50/lb; Silver price US$16/oz and Gold price of US$1200/oz