Kainantu Resources Filing of Q3 2021 Results

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[{"type":"text","content":"\n \n \n \n Kainantu Resources Filing of Q3 2021 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 VANCOUVER, BC\n \n ,\n \n Nov. 29, 2021\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 third interim results for the period ending\n \n September 30, 2021\n \n , a copy of which is available for review on the Company's\n \n website\n \n .\n \n \n Key aspects to report over the period include:\n \n \n \n \n KRL South:\n \n continued progress during Q3:\n \n \n \n \n \n At the East Avaninofi Prospect:\n \n \n \n strong correlations of Au with Ag, Cu, Mo, and As; plus samples revealing elevated values of Bi, Te, and W (similar to the geochemistry of the nearby Bilimoia Mineral Field, renowned for its high-grade gold-copper intrusive style mineralization);\n \n \n high levels of Fe and S, as key indicators of high-grade Au potential; and\n \n \n increasing in intensity towards the N of the prospect, a NE trending Cu mineralization-controlling structure of at least\n \n 10m\n \n in width delineated\n \n \n \n \n \n At the Yaora Ridge Prospect activities returned an Au sample of 4.37 g/t Au from surface, while further work has shown:\n \n \n \n strongly anomalous Cu and associated pathfinder elements; and\n \n \n lithologies, alteration and mineralization similar to the East Avaninofi Prospect; with the two prospects appearing to be linked;\n \n \n \n \n \n Plans for delineation of drill targets in early 2022 remain on track; with excavation/contour benching at the East Avaninofi Prospect and Yaoro Ridge Prospect underway; and\n \n \n \n \n \n \n KRL North:\n \n analysis of initial mapping and sampling revealed:\n \n \n \n \n \n the strong likelihood of enhanced permeability extending from the mineral rich Bilimora Field (where successful high-grade miners already operate) into KRL North; and\n \n \n an interpreted ring feature circa 1.5km in diameter situated on the triple junction o...

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