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 Kora deposit at the Kainantu gold mine, located in Papua New Guinea. The results published today were for twelve diamond drill holes recently conducted on site, with the highlight being an intersection of 6.21 metres of 48.11 grams per tonne gold, 12 grams per tonne silver, and 105% copper. In combination with two other lodes, the hole represents a bulk intersection of 19.15 metres true width of 15.02 grams per tonne gold equivalent.

The data released in this mornings news release quite frankly results in information overload, with the company providing details on any mineralization that was found within the drill core, down to true widths as little as 0.11 metres. Drilling of the Kora deposit was largely focused on increasing drill density within the deposit towards the south, with all holes hitting mineralization. The current deposit as a whole contains 1,250 metres of strike by 1,050 metres to 1,150 metres vertically.

The highlight of these results was again the potentially bulk mineable zone, with 15.02 grams per tonne of gold equivalent over a true width of 19.15 metres. To the south, the company found 10.21 grams per tonne gold equivalent over 4.57 metres true width on the K2 vein.

Other highlights from the recent drilling include:

  • Hole KMDD0227 recorded 133.82 g/t gold equivalent at 4.21 metres true width on the K1 Vein
  • Hole KMDD0238 recorded 13.59 g/t gold equivalent over 3.02 metres true width on the K1 Vein
  • Hole KMDD0234 recorded 10.64 g/t gold equivalent over 7.95 metres true width on the K2 Vein

A total of five intersections exceed 10 grams per tonne of gold equivalent within the latest results, while fifteen intersections exceeded 5 grams per tonne gold equivalent.

Exploration on site is said to be increasing as well, with two new drill rigs expected to arrive on site shortly, bringing the total to nine. Ten drill rigs are to be on site by year end, which are being self funded from mine cash flow. Full results from todays release can be found here.

K92 Mining last traded at $7.00 on the TSX Venture.


Information for this briefing was found via Sedar and K92 Mining. The author has no securities or affiliations related to these organizations. 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

Great Bear Expands 2021 Exploration Budget To $45 Million

Great Bear Resources (TSXV: GBR) has expanded its planned 2021 exploration program. The program has...

Monday, March 1, 2021, 08:05:48 AM

Great Bear Resources Releases Further Assays at Dixie, Highlights 81.22 G/T Gold Over 10.50 Metres

Great Bear Resources (TSXV: GBR) continued its slow release of assay results from its ongoing...

Tuesday, August 4, 2020, 09:09:17 AM

Osisko Gold Royalties Reports Prelim Q4 Revenues Of $50.7 Million

Osisko Gold Royalties (TSX: OR) last night after the bell revealed preliminary fourth quarter 2021...

Tuesday, January 11, 2022, 07:44:18 AM

China Plans to Expand Shanghai Gold Exchange Internationally

China’s central bank and three other government departments have unveiled an ambitious plan to enhance...

Wednesday, April 23, 2025, 03:47:00 PM

Amex Intersects 79.22 G/T Gold Over 6.15 Metres At Perron Gold Property

Amex Exploration Inc. (TSXV: AMX) reported today the assays from its definition and expansion drilling...

Monday, June 28, 2021, 10:22:00 AM