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K92 Mining Announces Latest Drilling Results Extending Multiple High-Grade Zones and New Dilatant Zone Discovered

May 6, 2024

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc . (“ K92 ” or the “ Company ”) (TSX : KNT; OTCQX : KNTNF) is pleased to announce its latest high-grade results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to the Kora and Judd Northern Deeps targets at the Kainantu Gold Mine in Papua New Guinea.

  • Multiple dilatant zones intersected at Kora’s K2 Vein, including a new dilatant zone discovered outside of the Kora resource estimate at Kora South and the extension of an existing dilatant zone down-dip:
    • Kora South new dilatant zone intercepts:
      • KUDD0053: 78.50 m at 27.03 g/t gold equivalent (“AuEq”) (2) (24.94 g/t Au, 116 g/t Ag, 0.38% Cu)
      • KUDD0056: 34.00 m at 8.14 g/t AuEq (5.45 g/t Au, 130 g/t Ag, 0.65% Cu)
    • Known Dilatant zone extended down-dip:
      • KUDD0058: 51.00 m at 7.04 g/t AuEq (0.82 g/t Au, 48 g/t Ag, 3.58% Cu)
  • High-grade zones within Kora's K1 and K2 Veins extended in multiple directions, and at higher grades in multiple areas than the resource model, including:
    • K1 Vein high-grade extension up-dip from main underground mining area:
      • KMDD0590: 3.26 m at 86.92 g/t AuEq (86.40 g/t Au, 10 g/t Ag, 0.25% Cu)
      • KMDD0634: 12.09 m at 18.90 g/t AuEq (15.45 g/t Au, 34 g/t Ag, 1.92% Cu)
      • KMDD0591: 3.90 m at 49.78 g/t AuEq (49.14 g/t Au, 8 g/t Ag, 0.34% Cu)
      • KMDD0596: 8.74 m at 25.91 g/t AuEq (24.21 g/t Au, 14 g/t Ag, 0.97% Cu)
      • KMDD0635: 11.15 m at 16.27 g/t AuEq (8.40 g/t Au, 88 g/t Ag, 4.30% Cu)
      • KMDD0592: 5.50 m at 22.16 g/t AuEq (21.18 g/t Au, 15 g/t Ag, 0.50% Cu)
      • KMDD0617: 2.25 m at 32.64 g/t AuEq (27.85 g/t Au, 8 g/t Ag, 2.99% Cu)
    • K2 Vein high-grade extension up-dip from main underground mining area:
      • KMDD0662: 9.00 m at 40.36 g/t AuEq (32.47 g/t Au, 63 g/t Ag, 4.52% Cu)
      • KMDD0657: 6.05 m at 47.27 g/t AuEq (38.03 g/t Au, 94 g/t Ag, 5.13% Cu)
      • KMDD0624: 5.60 m at 23.16 g/t AuEq (14.31 g/t Au, 30 g/t Ag, 5.40% Cu)
      • KMDD0617: 5.10 m at 21.46 g/t AuEq (20.06 g/t Au, 11 g/t Ag, 0.80% Cu)
    • Step-out drilling to the south, outside of the current resource, at the K2 vein intersected multiple high-grade gold and high-grade copper intersections:
      • KMDD0654A: 17.45 m at 23.79 g/t AuEq (16.77 g/t Au, 72 g/t Ag, 3.89% Cu)
      • KMDD0632: 9.30 m at 15.30 g/t AuEq (7.87 g/t Au, 105 g/t Ag, 3.88% Cu)
  • Judd’s J1 Vein saw an extension of the high-grade zone up-dip and in multiple areas significantly higher grade than the resource model, plus step-out intersecting significant near-surface mineralization approximately 300 m north:
    • J1 Vein high-grade extension up-dip from main underground mining area:
      • JDD0235: 4.13 m at 69.10 g/t AuEq (68.00 g/t Au, 13 g/t Ag, 0.60% Cu)
      • JDD0239: 2.70 m at 44.48 g/t AuEq (44.03 g/t Au, 11 g/t Ag, 0.19% Cu)
      • JDD0231: 3.67 m at 41.05 g/t AuEq (37.49 g/t Au, 59 g/t Ag, 1.79% Cu)
      • JDD0223: 6.53 m at 17.41 g/t AuEq (16.66 g/t Au, 19 g/t Ag, 0.31% Cu)
    • J1 Vein near-surface step-out approximately 300 m to the north:
      • KODD0055: 9.85 m at 7.58 g/t AuEq (7.37 g/t Au, 2 g/t Ag, 0.13% Cu)

Notes:
(1) Drill highlights presented above are core lengths (not true widths).
(2) Gold equivalent (AuEq) exploration results are calculated using longer-term commodity prices with a copper price of US$4.00/lb, a silver price of US$22.5/oz and a gold price of US$1,750/oz.

John Lewins, K92 Chief Executive Officer and Director, stated, “The latest set of drilling results continue to confirm our view that the resource expansion potential of Kora-Kora South and Judd-Judd South is very significant, in addition to significant opportunities to expand high-grade zones through increased drill density. The high-grade zones expanded vertically at K1, K2 and J1 are particularly important as they are immediately above our main mine workings, setting ourselves up well for the Stage 3 Expansion over the near and medium term in that area. To the south, the discovery of the new dilatant zone is very encouraging and the high-grade underground step-out intersections from the 1205 Level drill drive continue to support our view that like Kora, Kora South’s best grade potential is at depth, and we are just starting to scratch the surface there.

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.

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

Hole ID From (m) To (m) Interval
(m)
True width
(m)
Gold g/t Silver g/t Copper % Gold Eq Vein
KMDD0577 91.00 91.25 0.25 0.17 0.57 52 4.34 8.04  
KMDD0577 130.80 131.15 0.35 0.23 0.58 23 3.93 7.04  
KMDD0577 166.30 166.50 0.20 0.13 0.57 14 3.32 5.95  
KMDD0577 169.90 170.30 0.40 0.27 16.47 27 0.63 17.80 K1
KMDD0577 177.35 189.00 11.65 7.80 1.80 17 1.60 4.53 K2
KMDD0577 197.50 199.00 1.50 1.00 0.33 18 2.37 4.28  
KMDD0577 205.00 207.20 2.20 1.47 0.40 15 1.79 3.40 K2HW
KMDD0580 103.00 106.00 3.00 1.82 1.13 37.00 0.20 1.92 J1
KMDD0574 158.00 180.00 22.00 9.16 0.61 37.00 2.30 4.69 K2
KMDD0574 186.00 190.00 4.00 1.68 2.99 24 0.92 4.74 K2HW
KMDD0578 168.40 174.81 6.41 4.10 3.40 6 0.98 5.01 K1
KMDD0578 179.65 187.00 7.35 4.72 1.03 21 3.22 6.35 K2
KMDD0582 109.00 111.00 2.00 1.61 1.04 7 0.32 1.63 K1
KMDD0582 119.30 135.00 15.70 12.67 1.34 35 2.26 5.33 K2
KMDD0582 150.75 157.50 6.75 5.45 0.49 9 0.60 1.55 K2HW
KMDD0595 117.82 120.00 2.18 1.20 5.83 5 0.57 6.79 K1
KMDD0595 129.32 146.80 17.48 9.61 1.90 7 0.78 3.21 K2
KMDD0595 172.42 180.20 7.78 4.25 1.09 70 0.73 3.13 K2HW
KMDD0590 148.66 151.92 3.26 2.80 86.40 10 0.25 86.92 K1
KMDD0590 156.60 162.00 5.40 4.86 2.30 5 0.10 2.52 K2
KMDD0596 226.50 227.55 1.05 0.59 1.45 25 2.53 5.74 K1FW
KMDD0596 261.11 269.85 8.74 4.92 24.21 14 0.97 25.91 K1
KMDD0596 270.75 280.00 9.25 5.21 0.39 11 0.09 0.66 K2
KMDD0575 235.00 247.00 12.00 1.17 0.51 21 1.75 3.51 K2
KMDD0585 96.95 98.68 1.73 0.96 1.18 2 0.01 1.22 J1
KMDD0585 128.50 137.60 9.10 5.15 0.56 6 0.05 0.72  
KMDD0585 178.45 181.90 3.45 2.21 1.75 3 0.42 2.45  
KMDD0585 194.10 196.00 1.90 1.22 1.44 2 0.02 1.50  
KMDD0585 209.20 211.00 1.80 1.14 3.66 1 0.03 3.72 K1
KMDD0586 118.00 122.00 4.00 1.83 3.19 4 1.16 5.06 J1
KMDD0586 165.00 168.40 3.40 1.65 2.04 14 0.03 2.27  
KMDD0586 226.40 229.70 3.30 1.94 0.92 5 0.24 1.36  
KMDD0586 304.70 307.20 2.50 1.67 0.25 5 0.11 0.49 K1
KMDD0586 326.05 327.85 1.80 1.22 0.96 51 1.09 3.32 K2
KMDD0591 145.80 149.70 3.90 3.29 49.14 8 0.34 49.78 K1
KMDD0591 151.75 155.00 3.25 2.80 7.92 8 0.43 8.70 K2
KMDD0581 182.73 185.90 3.17 1.89 0.62 1 0.03 0.68  
KMDD0581 266.00 271.10 5.10 3.04 0.66 11 0.61 1.76 K1
KMDD0588A 252.85 253.15 0.30 0.19 6.67 118 1.56 10.63  
KMDD0588A 273.00 274.43 1.43 0.91 0.19 9 0.64 1.31 K1
KMDD0588A 304.18 308.00 3.82 2.43 0.06 10 0.66 1.22  
KMDD0588A 356.00 356.65 0.65 0.44 0.23 37 2.22 4.19  
KMDD0588A 371.40 375.00 3.60 2.42 0.19 5 0.43 0.93 K2
KMDD0588A 395.00 396.70 1.70 1.14 0.25 28 1.62 3.15  
KMDD0602 153.35 156.55 3.20 2.48 3.76 13 0.18 4.21 K1FW
KMDD0602 179.40 185.40 6.00 4.67 5.54 3 0.04 5.64 K1
KMDD0597 199.04 201.46 2.42 1.72 2.34 10 1.48 4.79  
KMDD0597 212.60 214.20 1.60 1.14 2.30 6 2.06 5.61 K1
KMDD0597 218.70 225.35 6.65 4.75 1.22 10 1.19 3.21 K2
KMDD0598 201.10 204.00 2.90 2.30 2.43 10 1.96 5.63 K1
KMDD0598 213.00 223.70 10.70 8.49 1.23 19 0.71 2.59 K2
KMDD0593 145.20 155.00 9.80 6.08 1.97 17 0.29 2.64 K1
KMDD0593 162.00 167.40 5.40 3.31 1.89 6 0.20 2.28 K2
KMDD0607 56.00 59.70 3.70 3.21 0.16 2 0.06 0.28 J1HW
KMDD0607 85.90 91.00 5.10 4.29 0.86 2 0.05 0.96  
KMDD0607 128.50 133.40 4.90 4.35 1.02 1 0.01 1.05 K1
KMDD0607 221.70 225.50 3.80 3.45 1.97 3 0.05 2.09 K2
KMDD0612 70.00 74.00 4.00 3.38 0.57 2 0.04 0.66 J1HW
KMDD0612 146.70 150.50 3.80 3.32 0.46 2 0.30 0.96 K1
KMDD0612 155.00 160.05 5.05 4.41 0.24 3 0.25 0.67 K1HW
KMDD0612 224.00 225.00 1.00 0.87 8.90 16 1.17 10.94 K2
KMDD0601 68.80 72.60 3.80 2.32 0.56 2 0.07 0.70 J1HW
KMDD0601 179.00 182.00 3.00 2.78 1.04 1 0.02 1.08 K1
KMDD0599 193.00 195.75 2.75 2.28 0.30 2 0.16 0.58 K1
KMDD0599 200.23 216.00 15.77 13.09 4.11 16 0.35 4.86 K2
KMDD0599 223.00 225.60 2.60 2.16 22.81 17 0.46 23.75 K2HW
KMDD0599 232.70 235.50 2.80 2.32 0.62 12 0.32 1.28 K3
KMDD0600 211.87 217.95 6.08 4.25 1.82 11 0.02 1.99 K1
KMDD0600 229.75 233.50 3.75 2.59 2.85 32 0.06 3.36 K2
KMDD0609 58.80 64.70 5.90 5.88 0.83 6 0.11 1.08 J1HW
KMDD0609 139.00 140.00 1.00 1.00 0.12 2 0.01 0.16 K1
KMDD0592 148.20 153.70 5.50 4.16 21.18 15 0.50 22.16 K1
KMDD0592 156.50 160.20 3.70 2.83 1.74 16 0.14 2.17 K2
KMDD0592 170.85 174.10 3.25 2.52 76.86 37 0.01 77.35 K2HW
KMDD0592 181.80 187.00 5.20 4.09 0.69 9 0.51 1.61 K3
KMDD0614 97.00 103.28 6.28 4.05 0.62 2 0.08 0.77 J1HW
KMDD0614 141.50 143.00 1.50 1.06 37.41 10 2.23 41.03  
KMDD0614 177.00 185.00 8.00 5.73 1.03 2 0.21 1.38 K1
KMDD0614 204.80 206.20 1.40 1.00 1.97 6 0.52 2.86  
KMDD0614 277.00 277.60 0.60 0.44 0.17 5 0.05 0.31 K2
KMDD0617 134.75 137.00 2.25 1.78 27.85 8 2.99 32.64 K1
KMDD0617 139.75 144.85 5.10 4.03 20.06 11 0.80 21.46 K2
KMDD0617 167.00 167.90 0.90 0.71 7.47 11 0.12 7.80 K2HW
KMDD0619 124.68 132.10 7.42 6.17 4.81 17 0.89 6.42 K1
KMDD0619 137.70 142.30 4.60 3.82 6.76 51 2.39 11.16 K2
KMDD0619 144.30 146.20 1.90 1.57 4.33 16 1.20 6.42 K2HW
KMDD0619 153.22 158.30 5.08 4.20 1.34 14 0.10 1.68 K3
KMDD0624 204.26 206.90 2.64 1.92 5.11 116 3.90 12.71 K1
KMDD0624 212.80 218.40 5.60 4.06 14.31 30 5.40 23.16 K2
KMDD0624 221.95 224.00 2.05 1.48 1.40 4 0.15 1.69 K2HW
KMDD0624 227.40 230.40 3.00 2.17 0.96 13 0.74 2.29  
KMDD0624 237.00 239.77 2.77 1.99 1.20 35 1.32 3.72  
KMDD0608 157.30 159.40 2.10 1.52 12.33 1 0.01 12.36 K1
KMDD0608 234.80 236.56 1.76 1.27 5.93 1 0.01 5.96  
KMDD0608 239.50 239.75 0.25 0.18 51.79 1 0.02 51.83  
KMDD0616 152.85 163.90 11.05 5.08 1.06 12 0.24 1.59 J1HW
KMDD0616 224.55 230.18 5.63 3.08 1.76 1 0.05 1.85 K1
KMDD0616 374.65 376.63 1.98 1.07 1.56 4 0.10 1.77 K2
KMDD0622 120.40 126.87 6.47 5.92 5.68 8 0.91 7.21 K1
KMDD0622 135.93 142.55 6.62 6.06 0.41 5 0.52 1.29 K1HW
KMDD0622 154.60 162.30 7.70 7.05 1.40 10 0.64 2.53 K2
KMDD0623 123.45 131.75 8.30 7.51 6.86 9 0.86 8.32 K1
KMDD0623 137.60 149.60 12.00 9.00 0.56 6 0.52 1.45 K1HW
KMDD0623 162.65 172.15 9.50 8.55 1.22 13 1.13 3.16 K2
KMDD0634 139.28 151.37 12.09 9.54 15.45 34 1.92 18.90 K1
KMDD0650 163.71 168.22 4.51 3.56 0.52 11 0.29 1.12 K1HW
KMDD0626 13.05 15.70 2.65 2.01 2.09 4 0.34 2.67 J1HW
KMDD0626 19.44 21.60 2.16 1.41 2.23 2 0.57 3.15  
KMDD0626 220.60 226.36 5.76 4.27 8.70 32 2.02 12.28 K1
KMDD0626 229.55 233.20 3.65 2.70 4.37 7 1.58 6.94 KL
KMDD0626 238.40 241.28 2.88 2.13 1.47 28 0.46 2.55 K2
KMDD0626 263.45 266.20 2.75 2.04 1.04 43 2.20 5.04 K2HW
KMDD0618 128.30 135.45 7.15 5.13 0.78 2 0.24 1.18 K1
KMDD0618 136.60 144.95 8.35 5.97 2.35 33 1.62 5.31 K2
KMDD0618 149.00 160.60 11.60 8.26 0.59 7 1.01 2.26 K2HW
KMDD0618 164.00 166.00 2.00 1.42 0.31 6 0.65 1.41 K3
KMDD0621 120.35 123.00 2.65 1.91 7.65 8 0.43 8.43 K1
KMDD0621 126.80 129.70 2.90 2.09 20.23 10 1.43 22.60 KL
KMDD0621 135.60 139.10 3.50 2.50 5.36 31 2.15 9.13 K2
KMDD0621 152.10 156.60 4.50 3.19 5.30 71 0.58 7.12 K2HW
KMDD0621 162.75 164.45 1.70 1.20 0.45 25 1.36 2.90 K3
KMDD0620 115.80 124.20 8.40 7.48 12.65 10 0.90 14.19 K1
KMDD0620 130.70 137.40 6.70 5.96 1.30 19 1.00 3.11 KL
KMDD0620 148.60 154.40 5.80 5.16 2.79 35 1.13 5.01 K2
KMDD0645 86.45 87.20 0.75 0.55 5.80 15 3.93 12.15  
KMDD0645 96.00 108.00 12.00 8.83 0.44 6 0.53 1.35  
KMDD0645 192.60 196.65 4.05 2.98 2.30 2 0.34 2.86 K1
KMDD0645 219.70 220.50 0.80 0.59 2.86 5 0.62 3.90  
KMDD0630 69.00 75.10 6.10 4.16 0.28 10 0.11 0.58 K2
KMDD0630 105.00 106.60 1.60 1.10 0.63 55 0.05 1.42  
KMDD0630 144.41 149.18 4.77 2.30 0.24 11 0.02 0.42  
KMDD0630 154.80 158.40 3.60 2.49 0.22 8 0.02 0.35  
KMDD0625 224.00 226.00 2.00 1.55 0.22 21 1.00 2.06 K3
KMDD0625 210.30 215.94 5.64 4.38 3.34 6 0.93 4.88 K2HW
KMDD0625 199.00 208.16 9.16 7.12 7.03 4 1.09 8.79 K2
KMDD0625 187.00 189.18 2.18 1.70 3.62 6 0.52 4.52  
KMDD0625 11.44 12.65 1.21 0.96 16.19 23 0.50 17.28 J1HW
KMDD0644 374.30 378.45 4.15 1.97 0.31 18 0.74 1.70 K3
KMDD0644 354.50 357.80 3.30 1.56 0.66 14 3.34 6.08 K2HW
KMDD0644 345.64 352.30 6.66 3.15 0.54 27 4.18 7.44 K2
KMDD0644 327.94 328.85 0.91 0.44 0.36 30 5.56 9.45  
KMDD0644 57.30 59.00 1.70 0.70 3.28 2 0.15 3.55  
KMDD0644 1.96 2.36 0.40 0.15 2.64 6 0.05 2.80 J1HW
KMDD0627 61.10 63.00 1.90 1.78 0.25 1 0.04 0.33 J1HW
KMDD0628 62.42 66.00 3.58 3.50 3.23 3 0.19 3.56 J1HW
KMDD0628 74.67 77.37 2.70 2.64 0.22 3 0.16 0.52  
KMDD0643 133.60 137.90 4.30 2.75 0.51 5 0.12 0.76 J1HW
KMDD0643 152.00 155.10 3.10 1.95 0.64 6 0.23 1.07  
KMDD0656 44.80 54.00 9.20 8.03 3.06 38 0.27 3.97 K1
KMDD0656 60.00 67.00 7.00 6.05 5.38 3 0.56 6.29 KL
KMDD0656 107.00 115.00 8.00 6.64 2.36 33 0.36 3.36 K2
KMDD0650 51.70 57.30 5.60 4.35 2.04 13 0.11 2.37 K1
KMDD0650 72.34 76.27 3.93 3.11 0.93 1 0.28 1.39 KL
KMDD0650 117.22 125.80 8.58 7.21 0.74 3 0.39 1.38 K2
KMDD0650 132.25 140.15 7.90 6.70 0.91 23 0.70 2.30 K2HW
KMDD0650 152.10 153.80 1.70 1.46 3.30 43 1.01 5.44 K3
KMDD0632 95.60 104.90 9.30 2.79 7.87 105 3.88 15.30 K2
KMDD0632 118.90 131.90 13.00 4.25 0.50 28 1.06 2.53 K2HW
KMDD0632 163.00 165.00 2.00 0.68 1.02 15 0.03 1.27  
KMDD0632 210.85 212.00 1.15 0.41 25.65 13 0.03 25.87  
KMDD0633 75.00 79.00 4.00 2.54 0.24 32 2.49 4.55 K2
KMDD0633 127.58 129.60 2.02 1.26 0.25 42 0.01 0.82 K2HW
KMDD0633 198.92 199.64 0.72 0.46 1.03 24 0.07 1.44  
KMDD0633 204.03 207.00 2.97 1.88 0.46 1 0.01 0.49  
KMDD0631A 86.00 91.00 5.00 2.34 0.25 16 0.53 1.28 K2
KMDD0631A 107.55 109.50 1.95 0.91 0.23 2 0.03 0.32 K2HW
KMDD0631A 138.00 140.60 2.60 1.23 0.36 6 0.01 0.45  
KMDD0631A 187.00 189.35 2.35 1.12 0.46 21 0.02 0.75  
KMDD0635 146.70 157.85 11.15 8.34 8.40 88 4.30 16.27 K1
KMDD0635 163.77 168.65 4.88 3.75 0.73 8 0.89 2.24 K2
KMDD0635 190.70 192.30 1.60 1.23 1.51 40 0.63 3.01  
KMDD0635 204.50 208.70 4.20 3.23 5.36 56 0.90 7.49 K2HW
KMDD0654A 27.00 28.00 1.00 0.39 6.44 8 0.03 6.58  
KMDD0654A 101.50 103.45 1.95 0.74 0.26 32 3.99 6.93 K1FW
KMDD0654A 109.50 110.45 0.95 0.37 1.77 1 0.02 1.82  
KMDD0654A 112.15 129.60 17.45 6.82 16.77 72 3.89 23.79 K2
KMDD0657 159.48 163.45 3.97 2.52 3.98 44 3.45 9.96 K1
KMDD0657 171.00 177.05 6.05 3.83 38.03 94 5.13 47.27 K2
KMDD0657 198.20 200.30 2.10 1.33 16.02 45 0.29 17.05 K2HW
KMDD0652 105.67 124.50 18.83 5.77 0.73 57 2.64 5.61 K2
KMDD0663 68.30 72.60 4.30 3.97 2.59 8 0.20 3.02 K1FW
KMDD0663 77.28 79.63 2.35 2.15 4.94 27 0.10 5.44 K1
KMDD0663 83.50 85.10 1.60 1.45 1.76 1 0.15 2.00 K1HW
KMDD0663 87.14 89.48 2.34 2.12 1.43 3 0.02 1.51  
KMDD0663 92.00 93.70 1.70 1.53 1.72 17 0.52 2.74  
KMDD0663 132.74 136.08 3.34 2.84 1.24 13 0.43 2.08 K2
KMDD0662 125.00 127.00 2.00 1.39 1.74 1 0.01 1.77  
KMDD0662 151.05 156.20 5.15 3.58 8.67 27 1.56 11.46 K1
KMDD0662 162.00 171.00 9.00 6.26 32.47 63 4.52 40.36 K2
KMDD0662 173.40 174.30 0.90 0.63 1.39 11 1.23 3.45 K2HW
KMDD0662 177.55 177.90 0.35 0.24 2.69 17 0.79 4.15  
KMDD0662 190.20 199.00 8.80 6.16 3.69 32 1.05 5.74 K3
KMDD0664 96.80 101.00 4.20 2.89 0.87 7 0.56 1.84  
KMDD0664 119.00 124.25 5.25 3.61 1.62 4 0.21 2.00 K1
KMDD0665 147.95 156.00 8.05 5.77 4.74 9 0.58 5.76 K1
KMDD0665 156.90 159.00 2.10 1.51 1.66 8 0.41 2.40 K2
KMDD0649 40.95 41.90 0.95 0.56 7.68 109 1.25 11.04  
KMDD0649 247.60 248.40 0.80 0.47 0.60 15 2.57 4.82  
KMDD0649 295.00 295.80 0.80 0.47 1.06 29 3.86 7.48  
KMDD0649 300.60 302.45 1.85 1.09 17.14 33 3.89 23.67 K1
KMDD0649 306.50 327.80 21.30 12.05 0.65 30 1.70 3.70 K2
KMDD0668 36.40 41.85 5.45 5.40 2.20 41 0.49 3.51  
KMDD0668 48.25 49.67 1.42 1.41 1.51 3 1.13 3.31  
KMDD0668 51.95 52.36 0.41 0.41 5.15 3 0.06 5.28  
KMDD0668 58.12 67.70 9.58 9.49 1.88 5 0.13 2.15 K1
KMDD0668 88.50 88.92 0.42 0.42 1.80 6 1.32 3.95  
KMDD0668 99.50 104.57 5.07 5.04 0.74 21 1.16 2.83 K2
KMDD0677 24.80 25.90 1.10 1.00 1.94 15 0.93 3.59  
KMDD0677 61.00 75.00 14.00 12.71 3.71 2 0.20 4.06 K1
KMDD0677 111.70 115.15 3.45 3.45 0.97 24 3.33 6.49 K2
KMDD0651B 64.30 68.70 4.40 3.20 0.75 25 0.35 1.63 K1
KMDD0659 16.30 22.00 5.70 5.68 0.77 6 0.18 1.13 J1
KMDD0659 99.25 99.60 0.35 0.35 2.33 17 1.95 5.60  
KMDD0659 172.60 174.50 1.90 1.89 2.04 9 1.34 4.26 K1
KMDD0648 1.00 2.00 1.00 0.49 1.22 3 0.16 1.52  
KMDD0648 44.95 45.75 0.80 0.39 4.45 3 0.06 4.57  
KMDD0648 123.00 124.00 1.00 0.49 5.31 2 0.01 5.35  
KMDD0648 303.40 306.45 3.05 1.48 0.40 14 2.31 4.20  
KMDD0648 317.70 327.88 10.18 4.95 0.55 5 1.39 2.79 K1
KMDD0648 333.80 338.00 4.20 2.04 5.80 11 1.62 8.48 K2
KMDD0648 341.40 344.50 3.10 1.51 1.09 8 0.83 2.50  
KMDD0648 368.00 369.12 1.12 0.54 0.87 79 2.65 6.04  
KMDD0646 121.50 122.10 0.60 0.35 1.08 5 0.08 1.26  
KMDD0646 134.76 137.00 2.24 1.30 0.91 4 0.14 1.19  
KMDD0646 145.72 147.60 1.88 1.09 1.43 10 0.06 1.65  
KMDD0646 177.60 182.67 5.07 2.94 0.71 14 0.54 1.73  
KMDD0646 202.54 205.00 2.46 1.43 0.82 2 0.13 1.06  
KMDD0646 214.94 216.00 1.06 0.62 13.26 8 0.21 13.69  
KMDD0646 226.00 226.45 0.45 0.26 1.67 2 0.08 1.82  
KMDD0646 229.00 232.77 3.77 2.19 3.38 3 0.16 3.68  
KMDD0646 248.80 254.00 5.20 3.02 2.21 2 0.12 2.43 K1
KMDD0646 257.94 258.45 0.51 0.30 1.91 2 0.05 2.01  
KMDD0646 324.65 325.90 1.25 0.74 1.74 80 1.00 4.35 K2
KMDD0646 332.93 333.44 0.51 0.30 3.98 90 0.49 5.91 K2HW
KMDD0646 342.40 343.50 1.10 0.65 2.02 50 0.09 2.80  
KMDD0646 362.50 363.00 0.50 0.30 1.04 14 0.61 2.18  
KMDD0670 92.40 94.70 2.30 2.04 3.40 8 0.86 4.85  
KMDD0670 104.85 113.70 8.85 7.85 0.24 10 1.12 2.12 K1
KMDD0670 117.50 119.88 2.38 2.11 0.22 17 3.12 5.33 K1HW
KMDD0670 133.40 136.30 2.90 2.57 0.21 11 2.42 4.15 K2FW
KMDD0670 138.85 145.75 6.90 6.12 4.19 6 0.71 5.37 K2
KMDD0670 149.25 150.75 1.50 1.33 0.21 27 1.83 3.43 K2HW
KMDD0690 116.10 120.00 3.90 3.41 1.85 5 1.65 4.51 K1
KMDD0690 150.60 157.20 6.60 5.70 1.90 10 0.46 2.76 K2
KMDD0689 122.90 126.30 3.40 3.09 5.39 6 0.11 5.65 K1
KMDD0689 171.25 177.70 6.45 5.86 0.40 3 0.23 0.81 K2
KMDD0685 58.20 59.90 1.70 1.51 2.31 3 0.11 2.52  
KMDD0685 69.20 71.17 1.97 1.75 9.33 2 0.04 9.41 K1
KMDD0685 121.40 122.20 0.80 0.71 2.38 5 0.10 2.60 K2
KMDD0684 55.50 59.20 3.70 3.48 3.55 3 0.61 4.54 K1
KMDD0684 102.03 103.00 0.97 0.91 18.00 29 1.93 21.40 K2
KMDD0683 150.95 157.20 6.25 5.00 1.25 27 1.47 3.90 K1
KMDD0683 163.60 174.20 10.60 8.51 11.00 65 1.22 13.75 K2
KMDD0683 174.20 181.00 6.80 5.47 2.26 33 0.97 4.19 K2HW
KMDD0683 204.10 207.98 3.88 3.15 1.42 19 0.39 2.28  
KMDD0682 117.30 129.00 11.70 8.74 3.65 3 0.44 4.39 K1
KMDD0682 111.43 114.00 2.57 1.92 2.04 6 0.36 2.68 K1FW
KMDD0682 54.00 55.00 1.00 0.76 6.01 3 0.04 6.11  
KMDD0682 0.15 2.00 1.85 1.40 2.83 3 0.27 3.29  
KMDD0681 0.00 6.00 6.00 5.14 0.94 2 0.35 1.51  
KMDD0681 10.00 11.00 1.00 0.68 2.26 2 0.04 2.35  
KMDD0681 71.30 72.00 0.70 0.61 0.96 4 0.26 1.43  
KMDD0681 113.35 122.50 9.15 8.01 2.19 1 0.03 2.26 K1
KMDD0681 167.25 170.30 3.05 2.68 0.32 5 0.20 0.70 K2
KMDD0676 61.00 66.40 5.40 4.44 1.58 30 0.35 2.52  
KMDD0676 67.80 79.50 11.70 9.63 2.32 3 0.44 3.05 K1
KMDD0676 95.40 102.00 6.60 5.43 0.94 2 0.29 1.41 KL
KMDD0676 112.30 118.45 6.15 5.06 1.28 19 0.21 1.85 K2
KMDD0675 118.90 123.90 5.00 2.98 1.61 12 1.39 3.94  
KMDD0675 127.30 144.00 16.70 13.07 4.29 66 1.57 7.59 K1
KMDD0675 149.30 151.65 2.35 1.40 4.13 19 0.90 5.79  
KMDD0675 166.10 176.25 10.15 6.04 6.72 22 1.32 9.08 K2
KMDD0667 128.80 134.22 5.42 4.46 5.30 3 0.17 5.60 K1
KMDD0667 139.20 147.80 8.60 7.05 2.46 35 2.42 6.70 K2
KMDD0686A 95.65 101.00 5.35 2.67 3.12 3 0.12 3.35 K1
KMDD0686A 112.85 114.90 2.05 1.03 12.11 8 0.10 12.37 KL
KMDD0686A 161.40 164.55 3.15 1.58 2.61 24 0.91 4.35 K2
KMDD0691 100.30 104.00 3.70 3.52 0.61 8 0.38 1.30 K1
KMDD0691 133.00 138.00 5.00 4.75 2.00 9 1.37 4.27 K2
KMDD0691 148.00 156.00 8.00 7.60 2.21 17 0.89 3.81 K2HW
KMDD0691 166.15 169.20 3.05 2.90 0.97 17 1.28 3.19 K3
KMDD0688A 102.00 104.80 2.80 2.56 5.49 3 0.07 5.64 K1
KMDD0688A 117.98 120.18 2.20 2.01 7.19 5 0.81 8.53 KL
KMDD0688A 177.56 180.62 3.06 2.75 1.17 4 0.46 1.95 K2
KMDD0694 126.10 131.58 5.48 4.81 1.21 2 0.32 1.74 K1
KMDD0694 132.90 134.30 1.40 1.23 1.36 3 0.30 1.87 KL
KMDD0694 163.00 165.00 2.00 1.79 2.39 10 0.14 2.73 K2
KMDD0693 110.64 112.20 1.56 1.40 5.36 3 0.69 6.48 K1
KMDD0693 123.47 126.42 2.95 2.64 3.84 2 0.14 4.07 KL
KMDD0693 163.28 167.13 3.85 3.44 0.87 4 0.19 1.22 K2
KMDD0695 102.95 108.90 5.95 5.07 2.06 5 0.48 2.87 K1
KMDD0695 118.95 120.65 1.70 1.44 5.10 4 0.04 5.21 KL
KMDD0695 187.70 191.20 3.50 2.86 0.26 2 0.32 0.78 K2
K92DD0024 13.37 14.60 1.23 1.11 20.23 11 0.10 20.53  
K92DD0024 68.22 75.67 7.45 6.72 0.42 2 0.18 0.73 J1
K92DD0024 82.30 84.20 1.90 1.71 1.66 1.00 0.02 1.70  
K92DD0024 122.30 133.42 11.12 10.25 0.42 3.00 0.11 0.63 K1
K92DD0024 232.85 234.13 1.28 1.19 0.09 8.00 0.82 1.48 K2
K92DD0020 88.00 97.20 9.20 7.63 0.46 1.68 0.03 0.53  
K92DD0020 105.60 108.56 2.96 2.27 0.30 1 0.16 0.57  
K92DD0020 111.20 113.32 2.12 1.63 2.28 1 0.03 2.34  
K92DD0020 144.40 146.92 2.52 1.61 1.09 1 0.13 1.31  
K92DD0020 156.70 158.60 1.90 1.50 2.08 3 0.30 2.58  
K92DD0020 161.45 164.55 3.10 2.45 0.74 1 0.05 0.83  
K92DD0020 181.90 185.85 3.95 3.15 0.54 3 0.33 1.09 K1
K92DD0025 14.00 15.00 1.00 0.70 5.75 4 0.09 5.94  
K92DD0025 97.70 101.75 4.05 2.82 0.60 5 0.52 1.48 J1


Table 2
Kainantu Gold Mine – Significant Intercepts from Judd Underground Diamond Drilling

Hole ID From (m) To (m) Interval
(m)
True width
(m)
Gold g/t Silver g/t Copper % Gold Eq Vein
JDD0200 110.00 115.72 5.72 2.82 1.48 3 0.05 1.60 J1
JDD0200 122.90 123.71 0.81 0.40 8.67 1 0.11 8.86  
JDD0207 105.10 105.85 0.75 0.74 0.38 11 2.27 4.08 J1
JDD0207 121.33 126.00 4.67 4.62 0.67 12 0.69 1.91 J1L
JDD0211 54.35 65.25 10.90 8.89 4.44 7 0.71 5.64 J1
JDD0211 72.75 74.15 1.40 1.15 2.22 10 0.83 3.64 J1N
JDD0208A 157.67 159.52 1.85 1.57 0.92 17 0.29 1.59 J1LFW
JDD0208A 139.00 140.00 1.00 0.85 1.73 19 2.31 5.59 J1L
JDD0208A 131.93 133.00 1.07 0.91 0.19 12 2.17 3.75 J1LHW
JDD0208A 117.80 121.15 3.35 3.07 0.80 11 1.36 3.07 J1
JDD0209 231.35 234.10 2.75 1.87 0.28 48 0.00 0.90 J1LFW
JDD0209 214.00 220.00 6.00 4.08 0.26 3 0.01 0.31 J1L
JDD0209 195.00 197.00 2.00 1.36 0.54 11 0.01 0.70 J1LHW
JDD0209 161.00 169.55 8.55 5.84 0.13 3 0.82 1.45 J1
JDD0210 339.57 343.10 3.53 1.79 0.60 37 2.14 4.43 J1LFW
JDD0210 279.00 282.06 3.06 1.55 0.27 10 0.50 1.18 J1L
JDD0210 168.50 180.90 12.40 6.30 0.18 3 0.26 0.63 J1
JDD0212 211.70 222.40 10.70 5.25 0.44 18 0.57 1.56 J1
JDD0214 226.90 235.20 8.30 5.31 0.42 24 0.09 0.87 J1LFW
JDD0214 197.70 201.60 3.90 2.44 0.94 30 0.82 2.61 J1L
JDD0214 170.70 173.15 2.45 1.41 0.22 12 0.29 0.83 J1
JDD0214 65.00 67.66 2.66 1.54 0.79 1 0.01 0.82 J1HW
JDD0216 54.00 57.94 3.94 2.36 0.14 3 0.05 0.26  
JDD0216 108.30 113.00 4.70 2.89 0.84 32 0.56 2.13 J1
JDD0216 117.10 121.70 4.60 2.84 0.64 1 0.04 0.72 J1HW
JDD0218 39.80 45.60 5.80 4.48 0.10 6 0.28 0.62  
JDD0217 38.88 41.80 2.92 2.56 0.32 12 0.82 1.76  
JDD0217 58.00 63.00 5.00 4.42 0.49 13 0.26 1.06 J1
JDD0213 186.90 194.80 7.90 3.25 0.27 8 0.18 0.65 J1
JDD0213 299.40 303.80 4.40 2.06 1.07 36 3.91 7.66 J1L
JDD0219 82.82 83.73 0.91 0.72 0.67 13 0.77 2.05 J1
JDD0219 97.00 99.55 2.55 1.98 0.84 6 0.20 1.22  
JDD0219 121.90 122.34 0.44 0.33 0.52 3 0.11 0.73 J12
JDD0220 107.40 108.75 1.35 0.88 3.16 12 0.03 3.36 J1
JDD0224 55.90 56.90 1.00 0.62 1.76 115 0.53 4.07 J1
JDD0224 66.70 67.40 0.70 0.44 4.73 7 0.01 4.85 J12
JDD0223 149.00 149.47 0.47 0.42 1.73 3 0.06 1.86 J1N
JDD0223 135.30 141.83 6.53 5.85 16.66 19 0.31 17.41 J1
JDD0232 142.70 146.66 3.96 2.86 4.85 11 0.63 5.99 J1
JDD0232 151.18 154.50 3.32 2.22 1.26 120 2.40 6.56 J1N
JDD0233 144.90 149.92 5.02 3.32 4.91 7 0.43 5.67 J1
JDD0233 151.60 155.00 3.40 2.25 3.21 25 0.50 4.32 J1N
JDD0234 157.38 159.40 2.02 1.25 3.37 14 0.17 3.83 J1
JDD0235 187.20 191.33 4.13 2.79 68.00 13 0.60 69.10 J1
JDD0236 203.66 211.00 7.34 4.25 5.88 21 0.56 7.03 J1
JDD0230 131.60 136.00 4.40 3.24 17.96 23 0.39 18.87 J1
JDD0231 129.33 133.00 3.67 2.85 37.49 59 1.79 41.05 J1
JDD0226 103.30 105.30 2.00 1.19 8.31 166 0.38 11.03  
JDD0226 139.30 141.75 2.45 1.46 1.27 23 0.76 2.76 J1
JDD0226 201.92 203.75 1.83 1.05 2.39 19 0.04 2.70  
JDD0226 218.80 222.50 3.70 2.11 0.31 16 0.96 2.02 J1L
JDD0226 228.00 229.20 1.20 0.68 1.08 88 2.32 5.85  
JDD0226 294.60 299.40 4.80 2.70 0.70 63 6.24 11.30  
JDD0227 202.00 206.60 4.60 2.31 0.32 29 0.73 1.84 J1
JDD0227 283.00 287.00 4.00 2.05 0.26 51 0.87 2.27 J1L
JDD0227 354.00 364.00 10.00 5.26 0.98 16 0.17 1.45  
JDD0237 200.00 205.10 5.10 2.61 1.19 5 0.55 2.11 J1
JDD0238 163.59 166.16 2.57 1.54 9.41 13 0.40 10.19 J1
JDD0238 177.38 179.70 2.32 1.39 6.34 4 0.33 6.90 J1N
JDD0238 189.00 189.40 0.40 0.24 1.02 1 0.01 1.05  
JDD0238 211.17 213.10 1.93 1.17 1.51 6 0.60 2.53  
JDD0238 215.42 218.00 2.58 0.55 0.71 1 0.01 0.75  
JDD0239 40.10 43.75 3.65 2.48 8.65 7 0.33 9.26  
JDD0239 76.00 78.70 2.70 1.79 44.03 11 0.19 44.48 J1
JDD0239 81.36 82.60 1.24 0.82 3.32 13 0.14 3.70 J1L
JDD0239 94.90 95.52 0.62 0.41 7.71 108 6.89 19.90  
JDD0239 96.98 98.36 1.38 0.59 1.50 42 0.64 3.04  
JDD0239 106.35 107.08 0.73 0.47 6.43 76 3.03 12.16  
JDD0225 41.00 42.00 1.00 0.67 2.18 75 0.04 3.21  
JDD0225 131.55 136.30 4.75 3.14 0.46 38 1.20 2.83 J1
JDD0225 191.60 195.70 4.10 2.68 0.33 20 1.27 2.57 J1L
JDD0225 202.85 212.50 9.65 6.30 0.25 15 0.99 2.00  
JDD0225 267.00 271.32 4.32 2.79 0.53 15 1.11 2.47  
JDD0225 276.00 280.89 4.89 3.16 0.60 36 0.93 2.53  


Table 3
Kainantu Gold Mine – Significant Intercepts from Kora South, Judd and Judd South Surface Diamond Drilling

Hole ID From (m) To (m) Interval
(m)
True width
(m)
Gold g/t Silver g/t Copper % Gold Eq Vein
KUDD0053 172.00 172.80 0.80 0.16 3.19 60 0.05 4.04 K1FW
KUDD0053 207.00 210.00 3.00 0.60 4.37 38 0.02 4.90 K1
KUDD0053 220.90 258.20 37.30 5.38 1.17 118 0.14 2.90 K2FW
KUDD0053 239.00 317.50 78.50 11.86 24.94 116 0.38 27.03 K2
KUDD0053 350.40 378.00 27.60 5.52 2.39 26 0.43 3.40 K2HW
KUDD0055 135.90 137.10 1.20 0.53 1.06 2 0.01 1.10 K2FW
KUDD0055 172.10 174.20 2.10 0.92 2.47 17 0.06 2.77 K2
KUDD0052 268.60 269.00 0.40 0.20 2.03 205 5.43 13.18 J2FW
KUDD0052 328.70 350.00 21.30 10.44 3.72 30 0.55 4.97 J2
KUDD0054 25.80 26.80 1.00 0.64 3.76 1 0.02 3.80 K1
KUDD0056 240.40 253.00 12.60 3.78 2.71 40 0.37 3.80 K2FW
KUDD0056 267.70 301.70 34.00 10.20 5.45 130 0.65 8.14 K2
KUDD0057 178.80 180.00 1.20 0.59 2.22 123 0.04 3.86 K2HW
KUDD0057 247.60 253.00 5.40 2.65 1.08 120 1.49 4.95 K2
KUDD0057 324.80 336.10 11.30 5.54 2.89 114 0.88 5.74 K1
KUDD0057 348.00 350.80 2.80 1.37 1.08 68 4.02 8.25 K1Splay
KUDD0057 362.40 373.40 11.00 5.39 0.15 26 1.00 2.05 K1FW
KUDD0058 181.10 183.90 2.80 1.62 4.62 15 0.41 5.44 J2
KUDD0058 187.70 196.00 8.30 4.81 1.33 25 1.16 3.47 J1FW
KUDD0058 203.90 227.70 23.80 13.80 0.80 22 0.56 1.97 J1
KUDD0058 421.40 424.90 3.50 2.03 0.72 48 5.28 9.61 K1
KUDD0058 457.20 459.25 2.05 1.19 0.32 20 1.31 2.64 K1HW
KUDD0058 474.40 476.10 1.70 0.99 0.17 11 1.15 2.12 K2FW
KUDD0058 479.70 530.70 51.00 29.58 0.82 48 3.58 7.04 K2
KUDD0058 536.10 540.50 4.40 2.55 1.00 30 2.07 4.62 K2HW
KUDD0044 67.00 67.80 0.80 0.32 0.08 640 0.21 8.64  
KUDD0044 448.20 470.10 21.90 8.76 1.26 17 0.99 3.04 J2
including 462.25 470.10 7.85 3.14 1.58 21 2.07 5.10  
KUDD0059 147.80 148.40 0.60 0.39 2.93 3 0.10 3.13  
KUDD0061 59.00 60.40 1.40 0.69 6.38 1 0.01 6.40 J1H
KUDD0061 102.00 109.00 7.00 3.43 0.58 9 0.53 1.52 J1
KUDD0061 144.00 149.00 5.00 2.45 1.03 4 0.18 1.37 J2
KUDD0061 168.00 171.00 3.00 1.47 0.29 9 0.74 1.56 J2FW
KUDD0062 101.30 106.80 5.50 2.26 0.57 24 0.30 1.35 K2
KUDD0062 129.00 136.00 7.00 2.87 0.27 25 0.04 0.66 K2HW
KUDD0060 0.00 4.40 4.40 2.33 5.13 1 0.01 5.16 K1
KUDD0060 93.50 94.20 0.70 0.37 2.63 48 1.31 5.31 K2
KUDD0060 105.90 107.60 1.70 0.90 0.31 53 0.58 1.89 K2HW
KUDD0064 182.00 192.00 10.00 4.10 0.35 69 1.23 3.16 K2HW
KUDD0064 196.00 201.30 5.30 2.17 0.84 210 2.22 7.03 K2
KUDD0064 213.00 219.50 6.50 2.67 0.21 27 0.46 1.28 K2FW
KUDD0063 13.00 15.20 2.20 0.90 1.41 4 0.01 1.49 K1
KUDD0063 245.30 247.00 1.70 0.90 9.90 11 0.01 10.06 K2
KUDD0063 207.00 222.10 15.10 8.00 1.18 8 0.17 1.54 K2FW
KODD0041 314.50 316.00 1.50 0.75 0.17 22 1.43 2.70 J3FW
KODD0041 326.20 326.80 0.60 0.30 4.19 57 4.04 11.25 J3
KODD0041 342.48 346.40 3.92 1.96 0.11 9 0.68 1.29 J3HW
KODD0041 379.80 403.00 23.20 11.60 2.27 21 0.77 3.74 J2
including 384.20 398.70 14.50 7.25 3.00 25 0.89 4.71  
KODD0046 201.90 202.30 0.40 0.26 0.83 13 0.01 1.01 J1
KODD0046 242.50 243.10 0.60 0.40 0.06 14 1.88 3.19 J1HW
KODD0043 101.30 101.70 0.40 0.15 0.08 3 0.78 1.34 J2FW
KODD0043 106.10 108.30 2.20 0.81 2.39 21 0.37 3.24 J2
KODD0043 126.40 127.90 1.50 0.56 1.45 16 0.20 1.97 J2HW
KODD0043 177.40 178.10 0.70 0.26 18.10 8 0.05 18.28 J1FW
KODD0043 190.10 191.80 1.70 0.63 1.33 8 0.93 2.89 J1FW2
KODD0043 245.00 246.60 1.60 0.59 0.79 50 1.36 3.56 J1
KODD0045 77.70 78.55 0.85 0.50 2.52 3 0.02 2.59 J3HW
KODD0045 102.00 102.60 0.60 0.35 0.23 33 2.22 4.13 J2Splay
KODD0045 130.80 133.40 2.60 1.53 0.19 34 1.10 2.35 J2FW
KODD0045 145.40 154.80 9.40 5.55 0.08 19 2.33 4.70 J2
KODD0047 90.50 94.00 3.50 1.72 0.24 119 0.52 2.58 J2FW
KODD0047 119.00 135.20 16.20 7.94 0.30 8 0.57 1.30 J2
KODD0047 218.20 218.60 0.40 0.20 0.87 5 0.11 1.11 J1
KODD0048 83.00 83.60 0.60 0.31 1.65 0 0.00 1.66 J2FW
KODD0048 130.60 131.00 0.40 0.21 0.88 68 1.68 4.39 J2
KODD0048 156.10 157.60 1.50 0.78 1.24 4 0.63 2.28 J1
KODD0049 76.00 77.00 1.00 0.58 0.38 64 1.16 3.01 J2FW
KODD0049 91.70 92.20 0.50 0.29 0.14 24 2.34 4.12 J2
KODD0049 121.80 125.50 3.70 2.15 1.28 7 0.18 1.65 J2HW
KODD0049 133.15 133.70 0.55 0.32 0.87 18 3.45 6.51 J2Splay
KODD0049 174.90 175.30 0.40 0.23 0.14 8 0.50 1.03 J1
KODD0049 464.20 469.35 5.15 2.99 0.10 10 1.75 2.97 K1FW
KODD0049 488.60 526.50 37.90 21.98 0.79 13 1.17 2.80 K1
KODD0050 164.95 166.85 1.90 0.76 1.71 97 5.78 12.01 J2FW
KODD0050 176.00 191.80 15.80 6.32 0.26 10 0.94 1.86 J2
KODD0053 131.10 136.10 5.00 3.15 0.98 6 0.57 1.95 K1FW
KODD0053 141.30 144.70 3.40 2.14 0.52 14 1.79 3.51 K1
KODD0053 147.40 148.40 1.00 0.63 0.12 4 2.97 4.84 K1HW
KODD0054 136.70 143.70 7.00 3.99 0.92 8 0.94 2.50 J2
KODD0054 519.40 529.70 10.30 5.87 2.61 10 1.69 5.39 K1
KODD0054 532.00 544.70 12.70 7.24 0.50 6 1.50 2.93 K1HW
KODD0054 551.10 563.50 12.40 7.07 0.87 25 1.34 3.29 K2FW
KODD0054 570.90 578.00 7.10 4.05 3.98 60 3.06 9.55 K2HW
KODD0051 58.00 59.00 1.00 0.45 7.41 12 0.08 7.70 J1
KODD0051 202.40 205.30 2.90 1.31 0.88 10 1.75 3.76 K1
KODD0051 205.30 258.80 53.50 11.84 3.53 5 0.55 4.47 K2FW
KODD0051 249.20 263.00 13.80 2.79 1.87 6 1.05 3.59 K2
KODD0051 279.00 290.80 11.80 5.31 1.81 6 1.20 3.77 K2HW
KODD0055 59.70 63.20 3.50 2.70 1.72 2 0.05 1.83 J2
KODD0055 278.90 280.30 1.40 1.08 0.75 14 4.95 8.69 J1FW
KODD0055 285.60 295.45 9.85 7.58 7.37 2 0.13 7.58 J1
KODD0055 308.00 308.30 0.30 0.23 25.20 30 5.42 34.08 J1HW
KODD0055 322.15 327.15 5.00 3.85 0.81 5 0.98 2.40 K1
KODD0055 336.00 337.70 1.70 1.31 1.53 6 0.52 2.42 K1HW
KODD0055 372.75 373.10 0.35 0.27 0.62 16 1.81 3.66 K2

 

Table 4
Kainantu Gold Mine – Collar Locations for Kora and Judd Surface and Underground Drilling

Hole ID Collar location  Collar orientation Lode
Local North Local East mRL Dip Local azimuth EOH depth (m)
JDD0200587972993412833341187Judd
JDD020758209298461223095160Judd
JDD0208A58209298461222-3493173Judd
JDD020958209298461221-5794263Judd
JDD021058209298461221-6992343Judd
JDD021158795299341282217680Judd
JDD02125820729845122432148320Judd
JDD021358208298451221-4996372Judd
JDD02145820729846122315147290Judd
JDD0216588363001590439250128Judd
JDD021758835300149031624799Judd
JDD02185883630015901-21248128Judd
JDD0219588373001590441291133Judd
JDD0220588393001490530322127Judd
JDD02235878729887131530115171Judd
JDD0224591273000589225222135Judd
JDD022558022298451225-9146290Judd
JDD022658023298451225-32147316Judd
JDD022758023298451224-50148372Judd
JDD02305878829887131531104182Judd
JDD0231587892988712823391166Judd
JDD0232587892988813153473176Judd
JDD0233587892988813152967168Judd
JDD0234587902988713152759179Judd
JDD02355878729887131642126212Judd
JDD0236587892988713164379216Judd
JDD0237587902988713163957224Judd
JDD0238587892988713163971222Judd
JDD02395864429934134333118131Judd
K92DD00205937030015884-30250202Kora
K92DD00245948930020882-8248270Irumafimpa
K92DD00255948930020882-31249148Kora
KMDD057458207298411221-38207190Kora
KMDD057558208298411221-50211252Kora
KMDD05775865029905130126221234Kora
KMDD05785865029905130120221218Kora
KMDD05805948830020881-36231179Kora
KMDD05815948930020881-45247355Kora
KMDD05825865129904130123241158Kora
KMDD05855937130015883-43252232Kora
KMDD05865937030015883-52248454Kora
KMDD0588A5949030020881-53272418Kora
KMDD0590587972993813221318205Kora
KMDD0591587972993813228318166Kora
KMDD05925879729938132217320195Kora
KMDD05935879729938132327318206Kora
KMDD05955865129905130137244195Kora
KMDD05965878029984131328330335Kora
KMDD05975877629984131440243265Kora
KMDD05985877729984131443262239Kora
KMDD05995877829984131442281245Kora
KMDD06005877829984131440297263Kora
KMDD0601593713001588741252236Kora
KMDD0602594893002088436246206Kora
KMDD06075949030020882-23272292Kora
KMDD06085949030020881-41272309Kora
KMDD060959490300208825273249Kora
KMDD06125923530009888-19262253Kora
KMDD06145923530009887-40262323Kora
KMDD06165923530010886-56261510Kora
KMDD06175879729938132211314201Kora
KMDD06185879629938132335284185Kora
KMDD06195879629938132335271183Kora
KMDD06205879529938132325259170Kora
KMDD06215879529938132332259181Kora
KMDD06225879529937132325250166Kora
KMDD06235879529938132332248194Kora
KMDD06245860429972131644294243Kora
KMDD06255860329972131543273252Kora
KMDD06265860229972131543251278Kora
KMDD06275949130020882-1328878Judd
KMDD062859491300208831029199Judd
KMDD063058024298381225-10229184Kora
KMDD0631A58024298391224-42228208Kora
KMDD063258024298391224-57227142Kora
KMDD06335802429838122733228218Kora
KMDD06345879429937132323234180Kora
KMDD06355879429937132330232231Kora
KMDD06435949230020882-10324166Judd
KMDD06445860029973131423207415Kora
KMDD06455912730005889-40259310Kora
KMDD06465912730005888-49260420Kora
KMDD06485860029972131533216400Kora
KMDD06495860029972131418215380Kora
KMDD0650589412988789810236161Kora
KMDD0651B58940298888992723673Kora
KMDD065258022298381225-7202262Kora
KMDD0654A58024298391224-45206137Kora
KMDD0656589412988789913251135Kora
KMDD06575879429937132331230259Kora
KMDD065958810299729034273192Kora
KMDD06625879429937132332232216Kora
KMDD066358961299188979291161Kora
KMDD0664589612991889812322150Kora
KMDD06655879729938132212319192Kora
KMDD06675879629938132331297160Kora
KMDD0668589432988689813284135Kora
KMDD067058758298959095254162Kora
KMDD067558757298959093237194Kora
KMDD0676589412988790034252141Kora
KMDD0677589422988689930277134Kora
KMDD0681590052994789823263201Kora
KMDD0682590062994889833293144Kora
KMDD0683587572989590917238232Kora
KMDD0684589422988689925280130Kora
KMDD0685589432988789822303197Kora
KMDD0686A590062994889718282191Kora
KMDD0688A590062994889721292206Kora
KMDD0689589722994689829283211Kora
KMDD0690587602989690922299178Kora
KMDD0691587592949591022276186Kora
KMDD0693589512993889829265199Kora
KMDD0694589512993889825251203Kora
KMDD0695590062994889724294242Kora
KODD004158426301831909-66264404Judd south
KODD004358402300641914-52215325Judd south
KODD004558402300641914-52230310Judd south
KODD004658952300751872-48215288Judd south
KODD004758401300631914-58247396Judd south
KODD004858952300751872-52308262Judd south
KODD004958402300641914-57245575Judd south
KODD005058952300751872-66313305Judd South
KODD005159535299911671-63248488Judd south
KODD005359535299911671-52271374Judd South
KODD005458402300641914-62263629Judd south
KODD005559518301221797-45270464Judd south
KUDD005258047300761836-62322592Kora South
KUDD005357801299001861-67310421Kora South
KUDD005457167298391963-4590425Kora South
KUDD005557801299001861-62221305Kora South
KUDD005657801299001861-75300542Kora South
KUDD005757861297671814-6320387Kora South
KUDD005858047300751835-58286598Kora South
KUDD005957167208511963-45270340Kora South
KUDD006058035298711837-62285191Kora South
KUDD006158035298711837-5190197Kora South
KUDD006258035298711837-66257175Kora South
KUDD006358035298711837-72299368Kora South
KUDD006458035298711837-73271264Kora South
KUDD004458047300761836-72238491Judd

 

Table 5
Kora and Judd Mineral Resource Estimate (Effective Date September 12, 2023, 3 g/t gold equivalent cut-off)

 TonnesGoldSilverCopperAuEq
 Mtg/tmozg/tmoz%ktg/tmoz
Kora          
Measured3.78.741.020.52.51.2145.010.961.3
Indicated3.16.990.721.92.21.3141.39.401.0
Total M&I 6.9 7.94 1.8 21.1 4.7 1.25 86.2 10.24 2.3
Inferred14.35.602.628.713.21.62231.28.603.9
          
Judd          
Measured0.49.050.1219.00.250.803.210.580.14
Indicated0.86.370.1715.60.420.736.27.760.21
Total M&I 1.2 7.24 0.29 16.7 0.67 0.75 9.4 8.68 0.35
Inferred2.36.270.4515.81.150.7617.27.720.56
          
Kora and Judd          
Measured4.18.771.220.42.71.1748.210.921.5
Indicated4.06.860.920.62.61.1947.49.051.2
Total M&I 8.1 7.83 2.0 20.5 5.3 1.18 95.6 10.00 2.6
Inferred16.55.693.027.014.31.50248.38.484.5
  • 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/m 3 ) 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.

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.

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

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.

All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the COVID-19 virus; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.

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 .

Figure 1 – K1 Vein Long Section

Figure 1 – K1 Vein Long Section
Figure 1 – K1 Vein Long Section

Figure 2 – K2 Vein Long Section

Figure 2 – K2 Vein Long Section
Figure 2 – K2 Vein Long Section

Figure 3 – J1 Vein Long Section

Figure 3 – J1 Vein Long Section
Figure 3 – J1 Vein Long Section

Figure 4 – J2 Vein Long Section

Figure 4 – J2 Vein Long Section
Figure 4 – J2 Vein Long Section

Figure 5 – Kora-Irumafimpa Long Section

Figure 5 – Kora-Irumafimpa Long Section
Figure 5 – Kora-Irumafimpa Long Section

Figure 6 – Judd Long Section

Figure 6 – Judd Long Section
Figure 6 – Judd Long Section

Figure 7 – JDD0231 Core Photograph, 129.56 – 134.50m; within intersection of 3.67 m at 41.05 g/t AuEq or 37.49 g/t Au, 59 g/t Ag and 1.79% Cu from the J1 Vein.

Figure 7 – JDD0231 Core Photograph
Figure 7 – JDD0231 Core Photograph

Figure 8 – KMDD0591 Core Photograph, 145.00 – 149.70m; within intersection of 3.90 m at 49.78 g/t AuEq or 49.14 g/t Au, 8 g/t Ag and 0.34% Cu from the K1 Vein.

Figure 8 – KMDD0591 Core Photograph
Figure 8 – KMDD0591 Core Photograph

Figure 9 – KMDD0657 Core Photograph, 168.75 – 178.30m; within intersection of 6.05 m at 47.27 g/t AuEq or 38.03 g/t Au, 94 g/t Ag and 5.13% from the K2 Vein.

Figure 9 – KMDD0657 Core Photograph
Figure 9 – KMDD0657 Core Photograph

Figure 10 – KMDD0662 Core Photograph, 160.35 – 170.42m; within intersection of 9.00 m at 40.36 g/t AuEq or 32.47 g/t Au, 63 g/t Ag, and 4.52% Cu from the K2 Vein.

Figure 10 – KMDD0662 Core Photograph
Figure 10 – KMDD0662 Core Photograph

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c358099c-aff2-416d-98d7-4f629ad4601f

https://www.globenewswire.com/NewsRoom/AttachmentNg/de7a5e97-cb77-43ff-b9bf-428db7ce2ee8

https://www.globenewswire.com/NewsRoom/AttachmentNg/8bad6ec3-38ee-4e91-b81b-5a845783fbf7

https://www.globenewswire.com/NewsRoom/AttachmentNg/b01852f7-118d-468f-a8a2-3ff208728bde

https://www.globenewswire.com/NewsRoom/AttachmentNg/a15460f4-668a-4efe-97d9-a0cc82581974

https://www.globenewswire.com/NewsRoom/AttachmentNg/f4ad9791-6a22-436a-940f-00e4e71c91f9

https://www.globenewswire.com/NewsRoom/AttachmentNg/ce87625e-2407-4796-90c4-ef16f06d9a1a

https://www.globenewswire.com/NewsRoom/AttachmentNg/7b9e231c-e00d-43e9-aa58-fab1610d0c00

https://www.globenewswire.com/NewsRoom/AttachmentNg/34f89a26-8813-4a96-83d9-440af0047348

https://www.globenewswire.com/NewsRoom/AttachmentNg/6f66331b-711d-44cf-8774-3a027593f84d

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