Business
KAINANTU RESOURCES PROVIDES UPDATE ON SUCCESSFUL EXPLORATION ACTIVITIES AT KRL NORTH; DEVELOPING PLANS FOR DRILLING CAMPAIGN
KAINANTU RESOURCES PROVIDES UPDATE ON SUCCESSFUL EXPLORATION ACTIVITIES AT KRL NORTH; DEVELOPING ...
About this update from South Pacific Metals Corp.
[{"type":"text","content":"\n \n \n \n KAINANTU RESOURCES PROVIDES UPDATE ON SUCCESSFUL EXPLORATION ACTIVITIES AT KRL NORTH; DEVELOPING PLANS FOR DRILLING CAMPAIGN\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 Dec. 15, 2022\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 provide an update on its exploration campaign at our KRL North site adjacent to K92. KRL also provides an update on the definition of drilling targets at KRL North, anticipated to start in H1 2023.\n \n \n \n Highlights:\n \n \n \n Key highlights include the following:\n \n \n \n KRL remains focused on the potential for high-grade Au mineralisation to extend from the K92 Mining/Bilimoia mine field into KRL North; with evidence to date supporting this continuity;\n \n \n field work and geophysical analyses continues to support an extension of the Maniape and Arakompa high-grade Au vein system across into the southern area of KRL North (with the ring feature shared with K92 Mining deemed of particular interest);\n \n \n field work continues to deliver further Au anomalies at KRL North in near proximity to the border with K92, including:\n \n \n \n rock chip samples contained up to 2.28ppm Au (and associated 9.4ppm Ag, 2,477ppm As, 200ppm Sb, 418ppm Pb and 1,254ppm Zn; and\n \n \n rock float samples returned Cu-anomalous results (356-2,755ppm) with associated Ag, Pb and Zn highs (6.6ppm, 11,908ppm and 9,993ppm respectively).\n \n \n \n the 2022 field campaign continues to build confidence towards a targeted drill programme during H1 2023, and;\n \n \n the Company has also identified potential for a larger additional goldfield at KRL North, inclusive of the Young Creek/Ramu Gorge areas for focus in 2023.\n \n \n \n \n Matthew Salthouse, CEO of KRL, commented:\n \n \n \n \n \"KRL remains encouraged by the prospective nature of our KRL North project, sitting adjacent to K92.  Field work and geophysics support...