K92 Mining Inc Announces Latest High-Grade Underground Drill Results at Kora and Judd
K92 Mining Inc. announced results from the ongoing underground diamond drilling of the Kora and Judd deposits at the Kainantu gold mine in Papua New Guinea. The results continue to demonstrate the high-grade and continuity of Kora and Judd, with intersections largely focused on increasing drill density up-dip, down-dip, to the north and to the south, particularly at Judd. From the drilling results, all drill holes at Kora intersected mineralization, with 10 intersections exceeding 20 g/t AuEq, 25 intersections exceeding 10 g/t AuEq and 51 intersections exceeding 5 g/t AuEq. At Judd, all drill holes intersected mineralization, with 5 intersections exceeding 20 g/t AuEq, 19 intersections exceeding 10 g/t AuEq and 43 intersections exceeding 5 g/t AuEq intersections. At Kora, the results are highlighted by holes KMDD0402 recording multiple intersections including 4.20 m at 33.85 g/t Au, 100 g/t Ag and 1.41% Cu (37.38 g/t AuEq, 2.63 m true width) from the K2 Vein and 8.50 m at 24.77 g/t Au, 10 g/t Ag and 0.90% Cu (26.34 g/t AuEq, 5.02 m true width) from the K1 Vein; KMDD0364 recording multiple intersections including 4.92 m at 18.15 g/t Au, 39 g/t Ag and 2.81% Cu (23.16 g/t AuEq, 2.74 m true width) from the K2 Vein and 4.27 m at 20.55 g/t Au, 8 g/t Ag and 0.76% Cu (21.87 g/t AuEq, 2.21 m true width) from the K1 Vein; KMDD0400 recording multiple intersections including 10.05 m at 22.07 g/t Au, 16 g/t Ag and 0.57% Cu (23.18 g/t AuEq, 5.90 m true width) from the K1 Vein, and; KMDD0438 recording multiple intersections including 7.37 m at 21.76 g/t Au, 11 g/t Ag and 0.78% Cu (23.17 g/t AuEq, 3.68 m true width) from the K1 Vein. These holes extended high-grade mineralization up-dip and along strike at both the K1 and K2 veins. Hole KMDD0364 was incorporated into the October 31, 2021 Kora Resource Estimate. Drilling to the south at Kora, continued to record and extend high-grade intersections, highlighted by hole KMDD0448 recording multiple intersections including 1.68 m at 9.78 g/t Au, 103 g/t Ag and 12.83% Cu (31.69 g/t AuEq, 0.74 m true width) from the K1 Vein and 2.15 m at 4.63 g/t Au, 47 g/t Ag and 3.42% Cu (10.71 g/t AuEq, 0.90 m true width) from the K2 Vein. On the K2 Vein, KMDD0348 recorded 8.70 m at 8.71 g/t Au, 176 g/t Ag and 8.94% Cu (25.28 g/t AuEq, 5.79 m true width); KMDD0426 recorded 3.00 m at 5.89 g/t Au, 180 g/t Ag and 5.93% Cu (17.67 g/t AuEq, 1.09 m true width), and; KMDD0430 0.85 m at 5.65 g/t Au, 101 g/t Ag and 5.36% Cu (15.53 g/t AuEq, 0.87 m true width). Hole KMDD0348 was incorporated into the October 31, 2021 Kora Resource Estimate. A significant amount of drilling to the north and northern portion of the deposit was completed as part of systematically executing its drill program and although the northern portion is generally lower grade, drilling delivered solid results. Highlights include: KMDD0470 recording multiple intersections including 7.10 m at 20.00 g/t Au, 4 g/t Ag and 0.08% Cu (20.18 g/t AuEq, 3.16 m true width) from the K1 Vein; KMDD0380 recording multiple intersections including 6.10 m at 29.32 g/t Au, 3 g/t Ag and 0.03% Cu (29.41 g/t AuEq, 3.49 m true width) from the K1 Vein, and; KMDD0396 recording multiple intersections including 6.71 m at 15.24 g/t Au, 6 g/t Ag and 0.07% Cu (15.43 g/t AuEq, 3.35 m true width) from the K1 Vein. The results continue to demonstrate the potential for higher-grade mineralization extending to the North, particularly at the K1 Vein. As the twin incline development advances towards the Kora Resource, there will be increased capability to target Kora Deeps and a potential northern strike extension to depth in the second half of 2022. At Judd, drilling continues to demonstrate high-grade and expansion potential with the known deposit open along strike in both directions, up-dip and down-dip. To date, four known veins have been recorded at Judd, with similar vein orientation and quartz-sulphide Au-Cu-Ag mineralization as Kora. The veins remain open at depth, to surface, and only a fraction of the over 2,500m strike length has been drilled. The results are highlighted by holes JDD0051 recording multiple intersections including 8.80 m at 59.52 g/t Au, 37 g/t Ag and 0.74% Cu (61.17 g/t AuEq, 8.80 m true width) from the J1 Vein; JDD0084 recording multiple intersections including 1.09 m at 30.50 g/t Au, 73 g/t Ag and 4.07% Cu (37.96 g/t AuEq, 0.91 m true width) from the J1 Hanging Wall, and; JDD0039 recording multiple intersections including 2.93 m at 19.76 g/t Au, 3 g/t Ag and 0.05% Cu (19.88 g/t AuEq, 1.26 m true width) from the J1 Vein. Hole JDD0039 was incorporated into the December 31, 2021 Maiden Judd Resource Estimate. Drilling up-dip of existing development encountered multiple high-grade intersections with highlights including: JDD0043 recording multiple intersections including 4.62 m at 19.57 g/t Au, 5 g/t Ag and 0.43% Cu (20.33 g/t AuEq, 2.86 m true width) from the J1 Vein; JDD0071 recording multiple intersections including 6.05 m at 12.68 g/t Au, 31 g/t Ag and 0.68% Cu (14.17 g/t AuEq, 5.20 m true width) from the J1 Vein; JDD0073 recording multiple intersections including 8.60 m at 11.57 g/t Au, 24 g/t Ag and 0.60% Cu (12.83 g/t AuEq, 6.23 m true width) from the J1 Vein, and; JDD0074 recording multiple intersections including 7.70 m at 17.97 g/t Au, 20 g/t Ag and 0.38% Cu (18.83 g/t AuEq, 5.17 m true width) from the J1 Vein. Hole JDD0043 was incorporated into the December 31, 2021 Maiden Judd Resource Estimate.
