K92 Mining Intersects 49.93 G/T Gold Equivalent Over 6.25 Metres At Kainantu Mine

K92 Mining Inc. (TSX: KNT) announced today the results from its ongoing diamond drill program on the Judd vein system at the Kainantu gold mine in Papua New Guinea. Assay reports highlighted an intersect of 49.93 g/t gold equivalent over 6.25 metres true width.

The results come from the 17 drill holes completed from underground into the Judd deposit. Covering a strike length of 650 metres, the drill holes intersected mineralization with 29% of the assays exceeded the 20 g/t gold equivalent grade.

Highlights of the reports include:

  • JDD0022: 49.93 g/t gold equivalent (48.56 g/t gold, 47 g/t silver, 0.54% copper) over 6.25 metres true width
  • JDD0019: 53.63 g/t gold equivalent (52.27 g/t gold, 39 g/t silver, 0.60% copper) over 3.32 metres true width
  • JDD0021: 19.18 g/t gold equivalent (17.87 g/t gold, 28 g/t silver, 0.67% copper) over 5.87 metres true width

The gold equivalent grades were calculated using the following metal prices: US$3.30 per copper pound, US$21 per silver ounce, and US$1,600 per gold ounce.

As a result of these assays and metallurgical tests to date, the company is planning to start the first production stoping at the Judd vein system by the fourth quarter of this year.

The mining firm reported in July 2021 that it has produced a total of 25,015 gold equivalent ounces for Q2 2021.

K92 Mining last traded at $7.32 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

Recommended

Steadright Begins Preliminary Economic Assessment On TitanBeach Project

Three Miners Trapped Underground At Newmont’s Red Chris Mine

Related News

Well Health, Bombardier To Be Added To S&P/TSX Composite Index

The latest changes for the S&P/TSX Composite Index, assembled by S&P Down Jones Indices, were...

Sunday, September 5, 2021, 12:09:00 PM

K92 Mining Releases Assays From Twelve Drill Holes At Kora Deposit

K92 Mining (TSXV: KNT) this morning released results from drilling that is ongoing at its...

Thursday, August 27, 2020, 08:38:02 AM

K92 Mining: Canaccord Reiterates $12 Price Target Following Bought Deal

K92 Mining Inc. (TSX: KNT) announced a $50 million bought deal this past week, selling...

Sunday, June 19, 2022, 11:12:00 AM

K92 Mining Releases Assays on 37 Drill Holes At Kainantu Gold Mine

K92 Mining (TSXV: KNT) this morning reported extensive assay results from its ongoing drilling at...

Wednesday, July 15, 2020, 08:49:50 AM

K92 Mining Sees BMO Reiterate $11 Price Target Following Q3 Production Results

On October 6th, K92 Mining Inc. (TSX: KNT) reported it’s third-quarter production results. The company...

Tuesday, October 11, 2022, 11:19:00 AM