Kainantu Resources Filing of H1 and Q2 2023 Results

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[{"type":"text","content":"\n \n \n \n Kainantu Resources Filing of H1 and Q2 2023 Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 29, 2023\n \n \n /CNW/ - Kainantu Resources Ltd. (TSXV: KRL) (FSE: 6J0) (\"KRL\" or the \"Company\"), the\n \n Asia-Pacific\n \n focused gold mining company, is pleased to report the filing of its second\n \n interim results for the period ending\n \n June 30, 2023\n \n , a copy of which is available for review in the \"Investors\"\n \n section of the Company's\n \n website\n \n .\n \n \n \n \n \n \n \n \n \n Highlights to report over the period include the following (with financial analysis stated in USD unless otherwise noted):\n \n \n \n Business and Operations\n \n \n \n \n Adoption of an NI43-101 inferred resource (and publication of a Technical Report) for the Kili Teke project:\n \n \n \n \n 237Mt\n \n @ 0.34% Cu, 0.24 g/t Au and 168ppm Mo, for a total of 802kt of Cu, 1.8Moz of Au and 40kt of Mo;\n \n \n \n Progress at the Ontenu prospects in KRL South (the subject of further activities as the Company moves to delineate drilling targets), with consistent high grades reported form outcrop and trench exposures over a\n \n 2,300m\n \n x\n \n 900m\n \n area:\n \n \n \n Au results being remarkably consistent; with 63 sample results recorded over a narrow range of up to 1.55 g /t Au (26 samples exceeded 0.2ppm Au, with an average of 0.45ppm Au);\n \n \n Cu values of up to 0.39% (3,893ppm) with 17/63 returning >800ppm Cu;\n \n \n Ag values of up to 20.8 g/t, mostly associated with the highest Au values;\n \n \n Mo values of up to 460ppm, with 27of the 63 samples returning >10ppm Mo;\n \n \n Distinct groups of contiguous strongly anomalous Au (max 369ppb) results from 95 gridded soil samples at\n \n 50m\n \n spacing from 2 E-W lines\n \n 100m\n \n apart transecting the centre of KRL's priority target area:\n \n \n \n A\n \n 1,000m\n \n length averaging 101ppb Au and a\n \n 500m\n \n length averaging 114ppb Au;\n \n \n Cu (max 733ppm) and Mo(max 310...

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