Business
K92 Mining Announces Latest High-Grade Underground Drill Results at Kora, Including Step-Out Drilling to South and North
Underground drill hole KMDD0415 records multiple intersections including 7.51 m at 192.92 g/t gold equivalent (“AuEq”)(1) or 192.50 g/t Au, 8 g/t Ag and 0.22% C
About this update from K92 Mining, Inc.
[{"type":"text","content":" Underground drill hole KMDD0415 records multiple intersections including 7.51 m at 192.92 g/t gold equivalent (“AuEq”)(1) or 192.50 g/t Au, 8 g/t Ag and 0.22% Cu from the K1 Vein. Underground drill hole KMDD0312 records multiple intersections including 7.60 m at 41.91 g/t AuEq or 41.02 g/t Au, 24 g/t Ag and 0.41% Cu from the K1 Vein. Underground drill hole KMDD0441 records multiple intersections including 12.65 m at 36.54 g/t AuEq or 25.97 g/t Au, 94 g/t Ag and 6.60% Cu from the K2 Vein. Underground drill hole KMDD0342 records multiple intersections including 5.36 m at 29.50 g/t AuEq or 29.28 g/t Au, 4 g/t Ag and 0.11% Cu from the K1 Vein, and 5.60 m at 17.90 g/t AuEq or 13.77 g/t Au, 153 g/t Ag and 1.49% Cu from the K2 Vein. Underground drill hole KMDD0427 records multiple intersections including 12.00 m at 27.08 g/t AuEq or 12.57 g/t Au, 194 g/t Ag and 8.46% Cu from the K2 Vein. Underground drill hole KMDD0471 records multiple intersections including 8.00 m at 21.16 g/t AuEq or 17.78 g/t Au, 39 g/t Ag and 2.03% Cu from the K1 Vein. Underground drill hole KMDD0459 records multiple intersections including 6.20 m at 20.19 g/t AuEq or 5.65 g/t Au, 166 g/t Ag and 8.74% Cu from the K2 Vein. Note (1): Gold equivalent (AuEq) exploration results are calculated using longer-term commodity prices with a copper price of US$3.30/lb, a silver price of US$21/oz and a gold price of US$1,600/oz. VANCOUVER, British Columbia, Dec. 08, 2021 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce results from the ongoing underground diamond drilling of the Kora deposit at the Kainantu gold mine in Papua New Guinea. The results for the latest 50 diamond drill holes completed from underground into the Kora deposit are summarized in Table 1 below. The results continue to demonstrate the high-grade and continuity of Kora, with intersections largely focused on increasing drill density up-dip, down-dip and to the south to upgrade resources for the upcoming Kora resource update which will then be integrated into the Stage 3 Expansion Definitive Feasibility Study. Results also include step out drilling to the south and north outside of the existing resource envelope. From the drilling results, all drill holes intersected mineralization, with 10 intersections exceeding 20 g/t AuEq, 25 intersections exce...