K92 Mining Announces Latest Drilling Results Extending Multiple High-Grade Zones and New Dilatant Zone Discovered

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce its latest high-grade results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to the Kora and Judd Northern Deeps targets at the Kainantu Gold Mine in Papua New Guinea.

  • Multiple dilatant zones intersected at Kora’s K2 Vein, including a new dilatant zone discovered outside of the Kora resource estimate at Kora South and the extension of an existing dilatant zone down-dip:
    • Kora South new dilatant zone intercepts:
      • KUDD0053: 78.50 m at 27.03 g/t gold equivalent (“AuEq”)(2) (24.94 g/t Au, 116 g/t Ag, 0.38% Cu)
      • KUDD0056: 34.00 m at 8.14 g/t AuEq (5.45 g/t Au, 130 g/t Ag, 0.65% Cu)
    • Known Dilatant zone extended down-dip:
      • KUDD0058: 51.00 m at 7.04 g/t AuEq (0.82 g/t Au, 48 g/t Ag, 3.58% Cu)
  • High-grade zones within Kora’s K1 and K2 Veins extended in multiple directions, and at higher grades in multiple areas than the resource model, including:
    • K1 Vein high-grade extension up-dip from main underground mining area:
      • KMDD0590: 3.26 m at 86.92 g/t AuEq (86.40 g/t Au, 10 g/t Ag, 0.25% Cu)
      • KMDD0634: 12.09 m at 18.90 g/t AuEq (15.45 g/t Au, 34 g/t Ag, 1.92% Cu)
      • KMDD0591: 3.90 m at 49.78 g/t AuEq (49.14 g/t Au, 8 g/t Ag, 0.34% Cu)
      • KMDD0596: 8.74 m at 25.91 g/t AuEq (24.21 g/t Au, 14 g/t Ag, 0.97% Cu)
      • KMDD0635: 11.15 m at 16.27 g/t AuEq (8.40 g/t Au, 88 g/t Ag, 4.30% Cu)
      • KMDD0592: 5.50 m at 22.16 g/t AuEq (21.18 g/t Au, 15 g/t Ag, 0.50% Cu)
      • KMDD0617: 2.25 m at 32.64 g/t AuEq (27.85 g/t Au, 8 g/t Ag, 2.99% Cu)
    • K2 Vein high-grade extension up-dip from main underground mining area:
      • KMDD0662: 9.00 m at 40.36 g/t AuEq (32.47 g/t Au, 63 g/t Ag, 4.52% Cu)
      • KMDD0657: 6.05 m at 47.27 g/t AuEq (38.03 g/t Au, 94 g/t Ag, 5.13% Cu)
      • KMDD0624: 5.60 m at 23.16 g/t AuEq (14.31 g/t Au, 30 g/t Ag, 5.40% Cu)
      • KMDD0617: 5.10 m at 21.46 g/t AuEq (20.06 g/t Au, 11 g/t Ag, 0.80% Cu)
    • Step-out drilling to the south, outside of the current resource, at the K2 vein intersected multiple high-grade gold and high-grade copper intersections:
      • KMDD0654A: 17.45 m at 23.79 g/t AuEq (16.77 g/t Au, 72 g/t Ag, 3.89% Cu)
      • KMDD0632: 9.30 m at 15.30 g/t AuEq (7.87 g/t Au, 105 g/t Ag, 3.88% Cu)
  • Judd’s J1 Vein saw an extension of the high-grade zone up-dip and in multiple areas significantly higher grade than the resource model, plus step-out intersecting significant near-surface mineralization approximately 300 m north:
    • J1 Vein high-grade extension up-dip from main underground mining area:
      • JDD0235: 4.13 m at 69.10 g/t AuEq (68.00 g/t Au, 13 g/t Ag, 0.60% Cu)
      • JDD0239: 2.70 m at 44.48 g/t AuEq (44.03 g/t Au, 11 g/t Ag, 0.19% Cu)
      • JDD0231: 3.67 m at 41.05 g/t AuEq (37.49 g/t Au, 59 g/t Ag, 1.79% Cu)
      • JDD0223: 6.53 m at 17.41 g/t AuEq (16.66 g/t Au, 19 g/t Ag, 0.31% Cu)
    • J1 Vein near-surface step-out approximately 300 m to the north:
      • KODD0055: 9.85 m at 7.58 g/t AuEq (7.37 g/t Au, 2 g/t Ag, 0.13% Cu)

Notes:
(1) Drill highlights presented above are core lengths (not true widths).
(2) Gold equivalent (AuEq) exploration results are calculated using longer-term commodity prices with a copper price of US$4.00/lb, a silver price of US$22.5/oz and a gold price of US$1,750/oz.

John Lewins, K92 Chief Executive Officer and Director, stated, “The latest set of drilling results continue to confirm our view that the resource expansion potential of Kora-Kora South and Judd-Judd South is very significant, in addition to significant opportunities to expand high-grade zones through increased drill density. The high-grade zones expanded vertically at K1, K2 and J1 are particularly important as they are immediately above our main mine workings, setting ourselves up well for the Stage 3 Expansion over the near and medium term in that area. To the south, the discovery of the new dilatant zone is very encouraging and the high-grade underground step-out intersections from the 1205 Level drill drive continue to support our view that like Kora, Kora South’s best grade potential is at depth, and we are just starting to scratch the surface there.

Beyond Kora-Kora South and Judd-Judd South, at Arakompa, exploration activities continue to ramp-up, with a third rig imminently commencing drilling. We look forward to providing an update in due course.”

The results for the latest 140 diamond drill holes completed from surface and underground are summarized in the tables below. The results continue to demonstrate the high-grade, continuity and expansion potential of the Kora-Kora South and Judd-Judd South vein systems. Intersections largely focused on increasing drill density vertically while also targeting resource extension along strike to the south and north.

All drill holes at Kora-Kora South (including Northern Deeps) intersected mineralization, with 31 intersections exceeding 10 g/t AuEq and 89 intersections exceeding 5 g/t AuEq. At Judd-Judd South (including Northern Deeps), all drill holes intersected mineralization, with 12 intersections exceeding 10 g/t AuEq and 27 intersections exceeding 5 g/t AuEq.

Figures

Long sections of K1, K2, J1 and J2 showing the location of the latest drill holes are provided in Figures 1, 2, 3 and 4, respectively.

A long section showing Kora drilling to date is provided in Figure 5.

A long section showing Judd drilling to date is provided in Figure 6.

Core photographs are provided of drill hole JDD0231 in Figure 7, KMDD0591 in Figure 8, KMDD0657 in Figure 9 and KMDD0662 in Figure 10.

Table 1
Kainantu Gold Mine – Significant Intercepts from Kora Underground Diamond Drilling

Hole ID From (m) To (m) Interval
(m)
True width
(m)
Gold g/t Silver g/t Copper % Gold Eq Vein
KMDD0577 91.00 91.25 0.25 0.17 0.57 52 4.34 8.04  
KMDD0577 130.80 131.15 0.35 0.23 0.58 23 3.93 7.04  
KMDD0577 166.30 166.50 0.20 0.13 0.57 14 3.32 5.95  
KMDD0577 169.90 170.30 0.40 0.27 16.47 27 0.63 17.80 K1
KMDD0577 177.35 189.00 11.65 7.80 1.80 17 1.60 4.53 K2
KMDD0577 197.50 199.00 1.50 1.00 0.33 18 2.37 4.28  
KMDD0577 205.00 207.20 2.20 1.47 0.40 15 1.79 3.40 K2HW
KMDD0580 103.00 106.00 3.00 1.82 1.13 37.00 0.20 1.92 J1
KMDD0574 158.00 180.00 22.00 9.16 0.61 37.00 2.30 4.69 K2
KMDD0574 186.00 190.00 4.00 1.68 2.99 24 0.92 4.74 K2HW
KMDD0578 168.40 174.81 6.41 4.10 3.40 6 0.98 5.01 K1
KMDD0578 179.65 187.00 7.35 4.72 1.03 21 3.22 6.35 K2
KMDD0582 109.00 111.00 2.00 1.61 1.04 7 0.32 1.63 K1
KMDD0582 119.30 135.00 15.70 12.67 1.34 35 2.26 5.33 K2
KMDD0582 150.75 157.50 6.75 5.45 0.49 9 0.60 1.55 K2HW
KMDD0595 117.82 120.00 2.18 1.20 5.83 5 0.57 6.79 K1
KMDD0595 129.32 146.80 17.48 9.61 1.90 7 0.78 3.21 K2
KMDD0595 172.42 180.20 7.78 4.25 1.09 70 0.73 3.13 K2HW
KMDD0590 148.66 151.92 3.26 2.80 86.40 10 0.25 86.92 K1
KMDD0590 156.60 162.00 5.40 4.86 2.30 5 0.10 2.52 K2
KMDD0596 226.50 227.55 1.05 0.59 1.45 25 2.53 5.74 K1FW
KMDD0596 261.11 269.85 8.74 4.92 24.21 14 0.97 25.91 K1
KMDD0596 270.75 280.00 9.25 5.21 0.39 11 0.09 0.66 K2
KMDD0575 235.00 247.00 12.00 1.17 0.51 21 1.75 3.51 K2
KMDD0585 96.95 98.68 1.73 0.96 1.18 2 0.01 1.22 J1
KMDD0585 128.50 137.60 9.10 5.15 0.56 6 0.05 0.72  
KMDD0585 178.45 181.90 3.45 2.21 1.75 3 0.42 2.45  
KMDD0585 194.10 196.00 1.90 1.22 1.44 2 0.02 1.50  
KMDD0585 209.20 211.00 1.80 1.14 3.66 1 0.03 3.72 K1
KMDD0586 118.00 122.00 4.00 1.83 3.19 4 1.16 5.06 J1
KMDD0586 165.00 168.40 3.40 1.65 2.04 14 0.03 2.27  
KMDD0586 226.40 229.70 3.30 1.94 0.92 5 0.24 1.36  
KMDD0586 304.70 307.20 2.50 1.67 0.25 5 0.11 0.49 K1
KMDD0586 326.05 327.85 1.80 1.22 0.96 51 1.09 3.32 K2
KMDD0591 145.80 149.70 3.90 3.29 49.14 8 0.34 49.78 K1
KMDD0591 151.75 155.00 3.25 2.80 7.92 8 0.43 8.70 K2
KMDD0581 182.73 185.90 3.17 1.89 0.62 1 0.03 0.68  
KMDD0581 266.00 271.10 5.10 3.04 0.66 11 0.61 1.76 K1
KMDD0588A 252.85 253.15 0.30 0.19 6.67 118 1.56 10.63  
KMDD0588A 273.00 274.43 1.43 0.91 0.19 9 0.64 1.31 K1
KMDD0588A 304.18 308.00 3.82 2.43 0.06 10 0.66 1.22  
KMDD0588A 356.00 356.65 0.65 0.44 0.23 37 2.22 4.19  
KMDD0588A 371.40 375.00 3.60 2.42 0.19 5 0.43 0.93 K2
KMDD0588A 395.00 396.70 1.70 1.14 0.25 28 1.62 3.15  
KMDD0602 153.35 156.55 3.20 2.48 3.76 13 0.18 4.21 K1FW
KMDD0602 179.40 185.40 6.00 4.67 5.54 3 0.04 5.64 K1
KMDD0597 199.04 201.46 2.42 1.72 2.34 10 1.48 4.79  
KMDD0597 212.60 214.20 1.60 1.14 2.30 6 2.06 5.61 K1
KMDD0597 218.70 225.35 6.65 4.75 1.22 10 1.19 3.21 K2
KMDD0598 201.10 204.00 2.90 2.30 2.43 10 1.96 5.63 K1
KMDD0598 213.00 223.70 10.70 8.49 1.23 19 0.71 2.59 K2
KMDD0593 145.20 155.00 9.80 6.08 1.97 17 0.29 2.64 K1
KMDD0593 162.00 167.40 5.40 3.31 1.89 6 0.20 2.28 K2
KMDD0607 56.00 59.70 3.70 3.21 0.16 2 0.06 0.28 J1HW
KMDD0607 85.90 91.00 5.10 4.29 0.86 2 0.05 0.96  
KMDD0607 128.50 133.40 4.90 4.35 1.02 1 0.01 1.05 K1
KMDD0607 221.70 225.50 3.80 3.45 1.97 3 0.05 2.09 K2
KMDD0612 70.00 74.00 4.00 3.38 0.57 2 0.04 0.66 J1HW
KMDD0612 146.70 150.50 3.80 3.32 0.46 2 0.30 0.96 K1
KMDD0612 155.00 160.05 5.05 4.41 0.24 3 0.25 0.67 K1HW
KMDD0612 224.00 225.00 1.00 0.87 8.90 16 1.17 10.94 K2
KMDD0601 68.80 72.60 3.80 2.32 0.56 2 0.07 0.70 J1HW
KMDD0601 179.00 182.00 3.00 2.78 1.04 1 0.02 1.08 K1
KMDD0599 193.00 195.75 2.75 2.28 0.30 2 0.16 0.58 K1
KMDD0599 200.23 216.00 15.77 13.09 4.11 16 0.35 4.86 K2
KMDD0599 223.00 225.60 2.60 2.16 22.81 17 0.46 23.75 K2HW
KMDD0599 232.70 235.50 2.80 2.32 0.62 12 0.32 1.28 K3
KMDD0600 211.87 217.95 6.08 4.25 1.82 11 0.02 1.99 K1
KMDD0600 229.75 233.50 3.75 2.59 2.85 32 0.06 3.36 K2
KMDD0609 58.80 64.70 5.90 5.88 0.83 6 0.11 1.08 J1HW
KMDD0609 139.00 140.00 1.00 1.00 0.12 2 0.01 0.16 K1
KMDD0592 148.20 153.70 5.50 4.16 21.18 15 0.50 22.16 K1
KMDD0592 156.50 160.20 3.70 2.83 1.74 16 0.14 2.17 K2
KMDD0592 170.85 174.10 3.25 2.52 76.86 37 0.01 77.35 K2HW
KMDD0592 181.80 187.00 5.20 4.09 0.69 9 0.51 1.61 K3
KMDD0614 97.00 103.28 6.28 4.05 0.62 2 0.08 0.77 J1HW
KMDD0614 141.50 143.00 1.50 1.06 37.41 10 2.23 41.03  
KMDD0614 177.00 185.00 8.00 5.73 1.03 2 0.21 1.38 K1
KMDD0614 204.80 206.20 1.40 1.00 1.97 6 0.52 2.86  
KMDD0614 277.00 277.60 0.60 0.44 0.17 5 0.05 0.31 K2
KMDD0617 134.75 137.00 2.25 1.78 27.85 8 2.99 32.64 K1
KMDD0617 139.75 144.85 5.10 4.03 20.06 11 0.80 21.46 K2
KMDD0617 167.00 167.90 0.90 0.71 7.47 11 0.12 7.80 K2HW
KMDD0619 124.68 132.10 7.42 6.17 4.81 17 0.89 6.42 K1
KMDD0619 137.70 142.30 4.60 3.82 6.76 51 2.39 11.16 K2
KMDD0619 144.30 146.20 1.90 1.57 4.33 16 1.20 6.42 K2HW
KMDD0619 153.22 158.30 5.08 4.20 1.34 14 0.10 1.68 K3
KMDD0624 204.26 206.90 2.64 1.92 5.11 116 3.90 12.71 K1
KMDD0624 212.80 218.40 5.60 4.06 14.31 30 5.40 23.16 K2
KMDD0624 221.95 224.00 2.05 1.48 1.40 4 0.15 1.69 K2HW
KMDD0624 227.40 230.40 3.00 2.17 0.96 13 0.74 2.29  
KMDD0624 237.00 239.77 2.77 1.99 1.20 35 1.32 3.72  
KMDD0608 157.30 159.40 2.10 1.52 12.33 1 0.01 12.36 K1
KMDD0608 234.80 236.56 1.76 1.27 5.93 1 0.01 5.96  
KMDD0608 239.50 239.75 0.25 0.18 51.79 1 0.02 51.83  
KMDD0616 152.85 163.90 11.05 5.08 1.06 12 0.24 1.59 J1HW
KMDD0616 224.55 230.18 5.63 3.08 1.76 1 0.05 1.85 K1
KMDD0616 374.65 376.63 1.98 1.07 1.56 4 0.10 1.77 K2
KMDD0622 120.40 126.87 6.47 5.92 5.68 8 0.91 7.21 K1
KMDD0622 135.93 142.55 6.62 6.06 0.41 5 0.52 1.29 K1HW
KMDD0622 154.60 162.30 7.70 7.05 1.40 10 0.64 2.53 K2
KMDD0623 123.45 131.75 8.30 7.51 6.86 9 0.86 8.32 K1
KMDD0623 137.60 149.60 12.00 9.00 0.56 6 0.52 1.45 K1HW
KMDD0623 162.65 172.15 9.50 8.55 1.22 13 1.13 3.16 K2
KMDD0634 139.28 151.37 12.09 9.54 15.45 34 1.92 18.90 K1
KMDD0650 163.71 168.22 4.51 3.56 0.52 11 0.29 1.12 K1HW
KMDD0626 13.05 15.70 2.65 2.01 2.09 4 0.34 2.67 J1HW
KMDD0626 19.44 21.60 2.16 1.41 2.23 2 0.57 3.15  
KMDD0626 220.60 226.36 5.76 4.27 8.70 32 2.02 12.28 K1
KMDD0626 229.55 233.20 3.65 2.70 4.37 7 1.58 6.94 KL
KMDD0626 238.40 241.28 2.88 2.13 1.47 28 0.46 2.55 K2
KMDD0626 263.45 266.20 2.75 2.04 1.04 43 2.20 5.04 K2HW
KMDD0618 128.30 135.45 7.15 5.13 0.78 2 0.24 1.18 K1
KMDD0618 136.60 144.95 8.35 5.97 2.35 33 1.62 5.31 K2
KMDD0618 149.00 160.60 11.60 8.26 0.59 7 1.01 2.26 K2HW
KMDD0618 164.00 166.00 2.00 1.42 0.31 6 0.65 1.41 K3
KMDD0621 120.35 123.00 2.65 1.91 7.65 8 0.43 8.43 K1
KMDD0621 126.80 129.70 2.90 2.09 20.23 10 1.43 22.60 KL
KMDD0621 135.60 139.10 3.50 2.50 5.36 31 2.15 9.13 K2
KMDD0621 152.10 156.60 4.50 3.19 5.30 71 0.58 7.12 K2HW
KMDD0621 162.75 164.45 1.70 1.20 0.45 25 1.36 2.90 K3
KMDD0620 115.80 124.20 8.40 7.48 12.65 10 0.90 14.19 K1
KMDD0620 130.70 137.40 6.70 5.96 1.30 19 1.00 3.11 KL
KMDD0620 148.60 154.40 5.80 5.16 2.79 35 1.13 5.01 K2
KMDD0645 86.45 87.20 0.75 0.55 5.80 15 3.93 12.15  
KMDD0645 96.00 108.00 12.00 8.83 0.44 6 0.53 1.35  
KMDD0645 192.60 196.65 4.05 2.98 2.30 2 0.34 2.86 K1
KMDD0645 219.70 220.50 0.80 0.59 2.86 5 0.62 3.90  
KMDD0630 69.00 75.10 6.10 4.16 0.28 10 0.11 0.58 K2
KMDD0630 105.00 106.60 1.60 1.10 0.63 55 0.05 1.42  
KMDD0630 144.41 149.18 4.77 2.30 0.24 11 0.02 0.42  
KMDD0630 154.80 158.40 3.60 2.49 0.22 8 0.02 0.35  
KMDD0625 224.00 226.00 2.00 1.55 0.22 21 1.00 2.06 K3
KMDD0625 210.30 215.94 5.64 4.38 3.34 6 0.93 4.88 K2HW
KMDD0625 199.00 208.16 9.16 7.12 7.03 4 1.09 8.79 K2
KMDD0625 187.00 189.18 2.18 1.70 3.62 6 0.52 4.52  
KMDD0625 11.44 12.65 1.21 0.96 16.19 23 0.50 17.28 J1HW
KMDD0644 374.30 378.45 4.15 1.97 0.31 18 0.74 1.70 K3
KMDD0644 354.50 357.80 3.30 1.56 0.66 14 3.34 6.08 K2HW
KMDD0644 345.64 352.30 6.66 3.15 0.54 27 4.18 7.44 K2
KMDD0644 327.94 328.85 0.91 0.44 0.36 30 5.56 9.45  
KMDD0644 57.30 59.00 1.70 0.70 3.28 2 0.15 3.55  
KMDD0644 1.96 2.36 0.40 0.15 2.64 6 0.05 2.80 J1HW
KMDD0627 61.10 63.00 1.90 1.78 0.25 1 0.04 0.33 J1HW
KMDD0628 62.42 66.00 3.58 3.50 3.23 3 0.19 3.56 J1HW
KMDD0628 74.67 77.37 2.70 2.64 0.22 3 0.16 0.52  
KMDD0643 133.60 137.90 4.30 2.75 0.51 5 0.12 0.76 J1HW
KMDD0643 152.00 155.10 3.10 1.95 0.64 6 0.23 1.07  
KMDD0656 44.80 54.00 9.20 8.03 3.06 38 0.27 3.97 K1
KMDD0656 60.00 67.00 7.00 6.05 5.38 3 0.56 6.29 KL
KMDD0656 107.00 115.00 8.00 6.64 2.36 33 0.36 3.36 K2
KMDD0650 51.70 57.30 5.60 4.35 2.04 13 0.11 2.37 K1
KMDD0650 72.34 76.27 3.93 3.11 0.93 1 0.28 1.39 KL
KMDD0650 117.22 125.80 8.58 7.21 0.74 3 0.39 1.38 K2
KMDD0650 132.25 140.15 7.90 6.70 0.91 23 0.70 2.30 K2HW
KMDD0650 152.10 153.80 1.70 1.46 3.30 43 1.01 5.44 K3
KMDD0632 95.60 104.90 9.30 2.79 7.87 105 3.88 15.30 K2
KMDD0632 118.90 131.90 13.00 4.25 0.50 28 1.06 2.53 K2HW
KMDD0632 163.00 165.00 2.00 0.68 1.02 15 0.03 1.27  
KMDD0632 210.85 212.00 1.15 0.41 25.65 13 0.03 25.87  
KMDD0633 75.00 79.00 4.00 2.54 0.24 32 2.49 4.55 K2
KMDD0633 127.58 129.60 2.02 1.26 0.25 42 0.01 0.82 K2HW
KMDD0633 198.92 199.64 0.72 0.46 1.03 24 0.07 1.44  
KMDD0633 204.03 207.00 2.97 1.88 0.46 1 0.01 0.49  
KMDD0631A 86.00 91.00 5.00 2.34 0.25 16 0.53 1.28 K2
KMDD0631A 107.55 109.50 1.95 0.91 0.23 2 0.03 0.32 K2HW
KMDD0631A 138.00 140.60 2.60 1.23 0.36 6 0.01 0.45  
KMDD0631A 187.00 189.35 2.35 1.12 0.46 21 0.02 0.75  
KMDD0635 146.70 157.85 11.15 8.34 8.40 88 4.30 16.27 K1
KMDD0635 163.77 168.65 4.88 3.75 0.73 8 0.89 2.24 K2
KMDD0635 190.70 192.30 1.60 1.23 1.51 40 0.63 3.01  
KMDD0635 204.50 208.70 4.20 3.23 5.36 56 0.90 7.49 K2HW
KMDD0654A 27.00 28.00 1.00 0.39 6.44 8 0.03 6.58  
KMDD0654A 101.50 103.45 1.95 0.74 0.26 32 3.99 6.93 K1FW
KMDD0654A 109.50 110.45 0.95 0.37 1.77 1 0.02 1.82  
KMDD0654A 112.15 129.60 17.45 6.82 16.77 72 3.89 23.79 K2
KMDD0657 159.48 163.45 3.97 2.52 3.98 44 3.45 9.96 K1
KMDD0657 171.00 177.05 6.05 3.83 38.03 94 5.13 47.27 K2
KMDD0657 198.20 200.30 2.10 1.33 16.02 45 0.29 17.05 K2HW
KMDD0652 105.67 124.50 18.83 5.77 0.73 57 2.64 5.61 K2
KMDD0663 68.30 72.60 4.30 3.97 2.59 8 0.20 3.02 K1FW
KMDD0663 77.28 79.63 2.35 2.15 4.94 27 0.10 5.44 K1
KMDD0663 83.50 85.10 1.60 1.45 1.76 1 0.15 2.00 K1HW
KMDD0663 87.14 89.48 2.34 2.12 1.43 3 0.02 1.51  
KMDD0663 92.00 93.70 1.70 1.53 1.72 17 0.52 2.74  
KMDD0663 132.74 136.08 3.34 2.84 1.24 13 0.43 2.08 K2
KMDD0662 125.00 127.00 2.00 1.39 1.74 1 0.01 1.77  
KMDD0662 151.05 156.20 5.15 3.58 8.67 27 1.56 11.46 K1
KMDD0662 162.00 171.00 9.00 6.26 32.47 63 4.52 40.36 K2
KMDD0662 173.40 174.30 0.90 0.63 1.39 11 1.23 3.45 K2HW
KMDD0662 177.55 177.90 0.35 0.24 2.69 17 0.79 4.15  
KMDD0662 190.20 199.00 8.80 6.16 3.69 32 1.05 5.74 K3
KMDD0664 96.80 101.00 4.20 2.89 0.87 7 0.56 1.84  
KMDD0664 119.00 124.25 5.25 3.61 1.62 4 0.21 2.00 K1
KMDD0665 147.95 156.00 8.05 5.77 4.74 9 0.58 5.76 K1
KMDD0665 156.90 159.00 2.10 1.51 1.66 8 0.41 2.40 K2
KMDD0649 40.95 41.90 0.95 0.56 7.68 109 1.25 11.04  
KMDD0649 247.60 248.40 0.80 0.47 0.60 15 2.57 4.82  
KMDD0649 295.00 295.80 0.80 0.47 1.06 29 3.86 7.48  
KMDD0649 300.60 302.45 1.85 1.09 17.14 33 3.89 23.67 K1
KMDD0649 306.50 327.80 21.30 12.05 0.65 30 1.70 3.70 K2
KMDD0668 36.40 41.85 5.45 5.40 2.20 41 0.49 3.51  
KMDD0668 48.25 49.67 1.42 1.41 1.51 3 1.13 3.31  
KMDD0668 51.95 52.36 0.41 0.41 5.15 3 0.06 5.28  
KMDD0668 58.12 67.70 9.58 9.49 1.88 5 0.13 2.15 K1
KMDD0668 88.50 88.92 0.42 0.42 1.80 6 1.32 3.95  
KMDD0668 99.50 104.57 5.07 5.04 0.74 21 1.16 2.83 K2
KMDD0677 24.80 25.90 1.10 1.00 1.94 15 0.93 3.59  
KMDD0677 61.00 75.00 14.00 12.71 3.71 2 0.20 4.06 K1
KMDD0677 111.70 115.15 3.45 3.45 0.97 24 3.33 6.49 K2
KMDD0651B 64.30 68.70 4.40 3.20 0.75 25 0.35 1.63 K1
KMDD0659 16.30 22.00 5.70 5.68 0.77 6 0.18 1.13 J1
KMDD0659 99.25 99.60 0.35 0.35 2.33 17 1.95 5.60  
KMDD0659 172.60 174.50 1.90 1.89 2.04 9 1.34 4.26 K1
KMDD0648 1.00 2.00 1.00 0.49 1.22 3 0.16 1.52  
KMDD0648 44.95 45.75 0.80 0.39 4.45 3 0.06 4.57  
KMDD0648 123.00 124.00 1.00 0.49 5.31 2 0.01 5.35  
KMDD0648 303.40 306.45 3.05 1.48 0.40 14 2.31 4.20  
KMDD0648 317.70 327.88 10.18 4.95 0.55 5 1.39 2.79 K1
KMDD0648 333.80 338.00 4.20 2.04 5.80 11 1.62 8.48 K2
KMDD0648 341.40 344.50 3.10 1.51 1.09 8 0.83 2.50  
KMDD0648 368.00 369.12 1.12 0.54 0.87 79 2.65 6.04  
KMDD0646 121.50 122.10 0.60 0.35 1.08 5 0.08 1.26  
KMDD0646 134.76 137.00 2.24 1.30 0.91 4 0.14 1.19  
KMDD0646 145.72 147.60 1.88 1.09 1.43 10 0.06 1.65  
KMDD0646 177.60 182.67 5.07 2.94 0.71 14 0.54 1.73  
KMDD0646 202.54 205.00 2.46 1.43 0.82 2 0.13 1.06  
KMDD0646 214.94 216.00 1.06 0.62 13.26 8 0.21 13.69  
KMDD0646 226.00 226.45 0.45 0.26 1.67 2 0.08 1.82  
KMDD0646 229.00 232.77 3.77 2.19 3.38 3 0.16 3.68  
KMDD0646 248.80 254.00 5.20 3.02 2.21 2 0.12 2.43 K1
KMDD0646 257.94 258.45 0.51 0.30 1.91 2 0.05 2.01  
KMDD0646 324.65 325.90 1.25 0.74 1.74 80 1.00 4.35 K2
KMDD0646 332.93 333.44 0.51 0.30 3.98 90 0.49 5.91 K2HW
KMDD0646 342.40 343.50 1.10 0.65 2.02 50 0.09 2.80  
KMDD0646 362.50 363.00 0.50 0.30 1.04 14 0.61 2.18  
KMDD0670 92.40 94.70 2.30 2.04 3.40 8 0.86 4.85  
KMDD0670 104.85 113.70 8.85 7.85 0.24 10 1.12 2.12 K1
KMDD0670 117.50 119.88 2.38 2.11 0.22 17 3.12 5.33 K1HW
KMDD0670 133.40 136.30 2.90 2.57 0.21 11 2.42 4.15 K2FW
KMDD0670 138.85 145.75 6.90 6.12 4.19 6 0.71 5.37 K2
KMDD0670 149.25 150.75 1.50 1.33 0.21 27 1.83 3.43 K2HW
KMDD0690 116.10 120.00 3.90 3.41 1.85 5 1.65 4.51 K1
KMDD0690 150.60 157.20 6.60 5.70 1.90 10 0.46 2.76 K2
KMDD0689 122.90 126.30 3.40 3.09 5.39 6 0.11 5.65 K1
KMDD0689 171.25 177.70 6.45 5.86 0.40 3 0.23 0.81 K2
KMDD0685 58.20 59.90 1.70 1.51 2.31 3 0.11 2.52  
KMDD0685 69.20 71.17 1.97 1.75 9.33 2 0.04 9.41 K1
KMDD0685 121.40 122.20 0.80 0.71 2.38 5 0.10 2.60 K2
KMDD0684 55.50 59.20 3.70 3.48 3.55 3 0.61 4.54 K1
KMDD0684 102.03 103.00 0.97 0.91 18.00 29 1.93 21.40 K2
KMDD0683 150.95 157.20 6.25 5.00 1.25 27 1.47 3.90 K1
KMDD0683 163.60 174.20 10.60 8.51 11.00 65 1.22 13.75 K2
KMDD0683 174.20 181.00 6.80 5.47 2.26 33 0.97 4.19 K2HW
KMDD0683 204.10 207.98 3.88 3.15 1.42 19 0.39 2.28  
KMDD0682 117.30 129.00 11.70 8.74 3.65 3 0.44 4.39 K1
KMDD0682 111.43 114.00 2.57 1.92 2.04 6 0.36 2.68 K1FW
KMDD0682 54.00 55.00 1.00 0.76 6.01 3 0.04 6.11  
KMDD0682 0.15 2.00 1.85 1.40 2.83 3 0.27 3.29  
KMDD0681 0.00 6.00 6.00 5.14 0.94 2 0.35 1.51  
KMDD0681 10.00 11.00 1.00 0.68 2.26 2 0.04 2.35  
KMDD0681 71.30 72.00 0.70 0.61 0.96 4 0.26 1.43  
KMDD0681 113.35 122.50 9.15 8.01 2.19 1 0.03 2.26 K1
KMDD0681 167.25 170.30 3.05 2.68 0.32 5 0.20 0.70 K2
KMDD0676 61.00 66.40 5.40 4.44 1.58 30 0.35 2.52  
KMDD0676 67.80 79.50 11.70 9.63 2.32 3 0.44 3.05 K1
KMDD0676 95.40 102.00 6.60 5.43 0.94 2 0.29 1.41 KL
KMDD0676 112.30 118.45 6.15 5.06 1.28 19 0.21 1.85 K2
KMDD0675 118.90 123.90 5.00 2.98 1.61 12 1.39 3.94  
KMDD0675 127.30 144.00 16.70 13.07 4.29 66 1.57 7.59 K1
KMDD0675 149.30 151.65 2.35 1.40 4.13 19 0.90 5.79  
KMDD0675 166.10 176.25 10.15 6.04 6.72 22 1.32 9.08 K2
KMDD0667 128.80 134.22 5.42 4.46 5.30 3 0.17 5.60 K1
KMDD0667 139.20 147.80 8.60 7.05 2.46 35 2.42 6.70 K2
KMDD0686A 95.65 101.00 5.35 2.67 3.12 3 0.12 3.35 K1
KMDD0686A 112.85 114.90 2.05 1.03 12.11 8 0.10 12.37 KL
KMDD0686A 161.40 164.55 3.15 1.58 2.61 24 0.91 4.35 K2
KMDD0691 100.30 104.00 3.70 3.52 0.61 8 0.38 1.30 K1
KMDD0691 133.00 138.00 5.00 4.75 2.00 9 1.37 4.27 K2
KMDD0691 148.00 156.00 8.00 7.60 2.21 17 0.89 3.81 K2HW
KMDD0691 166.15 169.20 3.05 2.90 0.97 17 1.28 3.19 K3
KMDD0688A 102.00 104.80 2.80 2.56 5.49 3 0.07 5.64 K1
KMDD0688A 117.98 120.18 2.20 2.01 7.19 5 0.81 8.53 KL
KMDD0688A 177.56 180.62 3.06 2.75 1.17 4 0.46 1.95 K2
KMDD0694 126.10 131.58 5.48 4.81 1.21 2 0.32 1.74 K1
KMDD0694 132.90 134.30 1.40 1.23 1.36 3 0.30 1.87 KL
KMDD0694 163.00 165.00 2.00 1.79 2.39 10 0.14 2.73 K2
KMDD0693 110.64 112.20 1.56 1.40 5.36 3 0.69 6.48 K1
KMDD0693 123.47 126.42 2.95 2.64 3.84 2 0.14 4.07 KL
KMDD0693 163.28 167.13 3.85 3.44 0.87 4 0.19 1.22 K2
KMDD0695 102.95 108.90 5.95 5.07 2.06 5 0.48 2.87 K1
KMDD0695 118.95 120.65 1.70 1.44 5.10 4 0.04 5.21 KL
KMDD0695 187.70 191.20 3.50 2.86 0.26 2 0.32 0.78 K2
K92DD0024 13.37 14.60 1.23 1.11 20.23 11 0.10 20.53  
K92DD0024 68.22 75.67 7.45 6.72 0.42 2 0.18 0.73 J1
K92DD0024 82.30 84.20 1.90 1.71 1.66 1.00 0.02 1.70  
K92DD0024 122.30 133.42 11.12 10.25 0.42 3.00 0.11 0.63 K1
K92DD0024 232.85 234.13 1.28 1.19 0.09 8.00 0.82 1.48 K2
K92DD0020 88.00 97.20 9.20 7.63 0.46 1.68 0.03 0.53  
K92DD0020 105.60 108.56 2.96 2.27 0.30 1 0.16 0.57  
K92DD0020 111.20 113.32 2.12 1.63 2.28 1 0.03 2.34  
K92DD0020 144.40 146.92 2.52 1.61 1.09 1 0.13 1.31  
K92DD0020 156.70 158.60 1.90 1.50 2.08 3 0.30 2.58  
K92DD0020 161.45 164.55 3.10 2.45 0.74 1 0.05 0.83  
K92DD0020 181.90 185.85 3.95 3.15 0.54 3 0.33 1.09 K1
K92DD0025 14.00 15.00 1.00 0.70 5.75 4 0.09 5.94  
K92DD0025 97.70 101.75 4.05 2.82 0.60 5 0.52 1.48 J1


Table 2

Kainantu Gold Mine – Significant Intercepts from Judd Underground Diamond Drilling

Hole ID From (m) To (m) Interval
(m)
True width
(m)
Gold g/t Silver g/t Copper % Gold Eq Vein
JDD0200 110.00 115.72 5.72 2.82 1.48 3 0.05 1.60 J1
JDD0200 122.90 123.71 0.81 0.40 8.67 1 0.11 8.86  
JDD0207 105.10 105.85 0.75 0.74 0.38 11 2.27 4.08 J1
JDD0207 121.33 126.00 4.67 4.62 0.67 12 0.69 1.91 J1L
JDD0211 54.35 65.25 10.90 8.89 4.44 7 0.71 5.64 J1
JDD0211 72.75 74.15 1.40 1.15 2.22 10 0.83 3.64 J1N
JDD0208A 157.67 159.52 1.85 1.57 0.92 17 0.29 1.59 J1LFW
JDD0208A 139.00 140.00 1.00 0.85 1.73 19 2.31 5.59 J1L
JDD0208A 131.93 133.00 1.07 0.91 0.19 12 2.17 3.75 J1LHW
JDD0208A 117.80 121.15 3.35 3.07 0.80 11 1.36 3.07 J1
JDD0209 231.35 234.10 2.75 1.87 0.28 48 0.00 0.90 J1LFW
JDD0209 214.00 220.00 6.00 4.08 0.26 3 0.01 0.31 J1L
JDD0209 195.00 197.00 2.00 1.36 0.54 11 0.01 0.70 J1LHW
JDD0209 161.00 169.55 8.55 5.84 0.13 3 0.82 1.45 J1
JDD0210 339.57 343.10 3.53 1.79 0.60 37 2.14 4.43 J1LFW
JDD0210 279.00 282.06 3.06 1.55 0.27 10 0.50 1.18 J1L
JDD0210 168.50 180.90 12.40 6.30 0.18 3 0.26 0.63 J1
JDD0212 211.70 222.40 10.70 5.25 0.44 18 0.57 1.56 J1
JDD0214 226.90 235.20 8.30 5.31 0.42 24 0.09 0.87 J1LFW
JDD0214 197.70 201.60 3.90 2.44 0.94 30 0.82 2.61 J1L
JDD0214 170.70 173.15 2.45 1.41 0.22 12 0.29 0.83 J1
JDD0214 65.00 67.66 2.66 1.54 0.79 1 0.01 0.82 J1HW
JDD0216 54.00 57.94 3.94 2.36 0.14 3 0.05 0.26  
JDD0216 108.30 113.00 4.70 2.89 0.84 32 0.56 2.13 J1
JDD0216 117.10 121.70 4.60 2.84 0.64 1 0.04 0.72 J1HW
JDD0218 39.80 45.60 5.80 4.48 0.10 6 0.28 0.62  
JDD0217 38.88 41.80 2.92 2.56 0.32 12 0.82 1.76  
JDD0217 58.00 63.00 5.00 4.42 0.49 13 0.26 1.06 J1
JDD0213 186.90 194.80 7.90 3.25 0.27 8 0.18 0.65 J1
JDD0213 299.40 303.80 4.40 2.06 1.07 36 3.91 7.66 J1L
JDD0219 82.82 83.73 0.91 0.72 0.67 13 0.77 2.05 J1
JDD0219 97.00 99.55 2.55 1.98 0.84 6 0.20 1.22  
JDD0219 121.90 122.34 0.44 0.33 0.52 3 0.11 0.73 J12
JDD0220 107.40 108.75 1.35 0.88 3.16 12 0.03 3.36 J1
JDD0224 55.90 56.90 1.00 0.62 1.76 115 0.53 4.07 J1
JDD0224 66.70 67.40 0.70 0.44 4.73 7 0.01 4.85 J12
JDD0223 149.00 149.47 0.47 0.42 1.73 3 0.06 1.86 J1N
JDD0223 135.30 141.83 6.53 5.85 16.66 19 0.31 17.41 J1
JDD0232 142.70 146.66 3.96 2.86 4.85 11 0.63 5.99 J1
JDD0232 151.18 154.50 3.32 2.22 1.26 120 2.40 6.56 J1N
JDD0233 144.90 149.92 5.02 3.32 4.91 7 0.43 5.67 J1
JDD0233 151.60 155.00 3.40 2.25 3.21 25 0.50 4.32 J1N
JDD0234 157.38 159.40 2.02 1.25 3.37 14 0.17 3.83 J1
JDD0235 187.20 191.33 4.13 2.79 68.00 13 0.60 69.10 J1
JDD0236 203.66 211.00 7.34 4.25 5.88 21 0.56 7.03 J1
JDD0230 131.60 136.00 4.40 3.24 17.96 23 0.39 18.87 J1
JDD0231 129.33 133.00 3.67 2.85 37.49 59 1.79 41.05 J1
JDD0226 103.30 105.30 2.00 1.19 8.31 166 0.38 11.03  
JDD0226 139.30 141.75 2.45 1.46 1.27 23 0.76 2.76 J1
JDD0226 201.92 203.75 1.83 1.05 2.39 19 0.04 2.70  
JDD0226 218.80 222.50 3.70 2.11 0.31 16 0.96 2.02 J1L
JDD0226 228.00 229.20 1.20 0.68 1.08 88 2.32 5.85  
JDD0226 294.60 299.40 4.80 2.70 0.70 63 6.24 11.30  
JDD0227 202.00 206.60 4.60 2.31 0.32 29 0.73 1.84 J1
JDD0227 283.00 287.00 4.00 2.05 0.26 51 0.87 2.27 J1L
JDD0227 354.00 364.00 10.00 5.26 0.98 16 0.17 1.45  
JDD0237 200.00 205.10 5.10 2.61 1.19 5 0.55 2.11 J1
JDD0238 163.59 166.16 2.57 1.54 9.41 13 0.40 10.19 J1
JDD0238 177.38 179.70 2.32 1.39 6.34 4 0.33 6.90 J1N
JDD0238 189.00 189.40 0.40 0.24 1.02 1 0.01 1.05  
JDD0238 211.17 213.10 1.93 1.17 1.51 6 0.60 2.53  
JDD0238 215.42 218.00 2.58 0.55 0.71 1 0.01 0.75  
JDD0239 40.10 43.75 3.65 2.48 8.65 7 0.33 9.26  
JDD0239 76.00 78.70 2.70 1.79 44.03 11 0.19 44.48 J1
JDD0239 81.36 82.60 1.24 0.82 3.32 13 0.14 3.70 J1L
JDD0239 94.90 95.52 0.62 0.41 7.71 108 6.89 19.90  
JDD0239 96.98 98.36 1.38 0.59 1.50 42 0.64 3.04  
JDD0239 106.35 107.08 0.73 0.47 6.43 76 3.03 12.16  
JDD0225 41.00 42.00 1.00 0.67 2.18 75 0.04 3.21  
JDD0225 131.55 136.30 4.75 3.14 0.46 38 1.20 2.83 J1
JDD0225 191.60 195.70 4.10 2.68 0.33 20 1.27 2.57 J1L
JDD0225 202.85 212.50 9.65 6.30 0.25 15 0.99 2.00  
JDD0225 267.00 271.32 4.32 2.79 0.53 15 1.11 2.47  
JDD0225 276.00 280.89 4.89 3.16 0.60 36 0.93 2.53  


Table 3

Kainantu Gold Mine – Significant Intercepts from Kora South, Judd and Judd South Surface Diamond Drilling

Hole ID From (m) To (m) Interval
(m)
True width
(m)
Gold g/t Silver g/t Copper % Gold Eq Vein
KUDD0053 172.00 172.80 0.80 0.16 3.19 60 0.05 4.04 K1FW
KUDD0053 207.00 210.00 3.00 0.60 4.37 38 0.02 4.90 K1
KUDD0053 220.90 258.20 37.30 5.38 1.17 118 0.14 2.90 K2FW
KUDD0053 239.00 317.50 78.50 11.86 24.94 116 0.38 27.03 K2
KUDD0053 350.40 378.00 27.60 5.52 2.39 26 0.43 3.40 K2HW
KUDD0055 135.90 137.10 1.20 0.53 1.06 2 0.01 1.10 K2FW
KUDD0055 172.10 174.20 2.10 0.92 2.47 17 0.06 2.77 K2
KUDD0052 268.60 269.00 0.40 0.20 2.03 205 5.43 13.18 J2FW
KUDD0052 328.70 350.00 21.30 10.44 3.72 30 0.55 4.97 J2
KUDD0054 25.80 26.80 1.00 0.64 3.76 1 0.02 3.80 K1
KUDD0056 240.40 253.00 12.60 3.78 2.71 40 0.37 3.80 K2FW
KUDD0056 267.70 301.70 34.00 10.20 5.45 130 0.65 8.14 K2
KUDD0057 178.80 180.00 1.20 0.59 2.22 123 0.04 3.86 K2HW
KUDD0057 247.60 253.00 5.40 2.65 1.08 120 1.49 4.95 K2
KUDD0057 324.80 336.10 11.30 5.54 2.89 114 0.88 5.74 K1
KUDD0057 348.00 350.80 2.80 1.37 1.08 68 4.02 8.25 K1Splay
KUDD0057 362.40 373.40 11.00 5.39 0.15 26 1.00 2.05 K1FW
KUDD0058 181.10 183.90 2.80 1.62 4.62 15 0.41 5.44 J2
KUDD0058 187.70 196.00 8.30 4.81 1.33 25 1.16 3.47 J1FW
KUDD0058 203.90 227.70 23.80 13.80 0.80 22 0.56 1.97 J1
KUDD0058 421.40 424.90 3.50 2.03 0.72 48 5.28 9.61 K1
KUDD0058 457.20 459.25 2.05 1.19 0.32 20 1.31 2.64 K1HW
KUDD0058 474.40 476.10 1.70 0.99 0.17 11 1.15 2.12 K2FW
KUDD0058 479.70 530.70 51.00 29.58 0.82 48 3.58 7.04 K2
KUDD0058 536.10 540.50 4.40 2.55 1.00 30 2.07 4.62 K2HW
KUDD0044 67.00 67.80 0.80 0.32 0.08 640 0.21 8.64  
KUDD0044 448.20 470.10 21.90 8.76 1.26 17 0.99 3.04 J2
including 462.25 470.10 7.85 3.14 1.58 21 2.07 5.10  
KUDD0059 147.80 148.40 0.60 0.39 2.93 3 0.10 3.13  
KUDD0061 59.00 60.40 1.40 0.69 6.38 1 0.01 6.40 J1H
KUDD0061 102.00 109.00 7.00 3.43 0.58 9 0.53 1.52 J1
KUDD0061 144.00 149.00 5.00 2.45 1.03 4 0.18 1.37 J2
KUDD0061 168.00 171.00 3.00 1.47 0.29 9 0.74 1.56 J2FW
KUDD0062 101.30 106.80 5.50 2.26 0.57 24 0.30 1.35 K2
KUDD0062 129.00 136.00 7.00 2.87 0.27 25 0.04 0.66 K2HW
KUDD0060 0.00 4.40 4.40 2.33 5.13 1 0.01 5.16 K1
KUDD0060 93.50 94.20 0.70 0.37 2.63 48 1.31 5.31 K2
KUDD0060 105.90 107.60 1.70 0.90 0.31 53 0.58 1.89 K2HW
KUDD0064 182.00 192.00 10.00 4.10 0.35 69 1.23 3.16 K2HW
KUDD0064 196.00 201.30 5.30 2.17 0.84 210 2.22 7.03 K2
KUDD0064 213.00 219.50 6.50 2.67 0.21 27 0.46 1.28 K2FW
KUDD0063 13.00 15.20 2.20 0.90 1.41 4 0.01 1.49 K1
KUDD0063 245.30 247.00 1.70 0.90 9.90 11 0.01 10.06 K2
KUDD0063 207.00 222.10 15.10 8.00 1.18 8 0.17 1.54 K2FW
KODD0041 314.50 316.00 1.50 0.75 0.17 22 1.43 2.70 J3FW
KODD0041 326.20 326.80 0.60 0.30 4.19 57 4.04 11.25 J3
KODD0041 342.48 346.40 3.92 1.96 0.11 9 0.68 1.29 J3HW
KODD0041 379.80 403.00 23.20 11.60 2.27 21 0.77 3.74 J2
including 384.20 398.70 14.50 7.25 3.00 25 0.89 4.71  
KODD0046 201.90 202.30 0.40 0.26 0.83 13 0.01 1.01 J1
KODD0046 242.50 243.10 0.60 0.40 0.06 14 1.88 3.19 J1HW
KODD0043 101.30 101.70 0.40 0.15 0.08 3 0.78 1.34 J2FW
KODD0043 106.10 108.30 2.20 0.81 2.39 21 0.37 3.24 J2
KODD0043 126.40 127.90 1.50 0.56 1.45 16 0.20 1.97 J2HW
KODD0043 177.40 178.10 0.70 0.26 18.10 8 0.05 18.28 J1FW
KODD0043 190.10 191.80 1.70 0.63 1.33 8 0.93 2.89 J1FW2
KODD0043 245.00 246.60 1.60 0.59 0.79 50 1.36 3.56 J1
KODD0045 77.70 78.55 0.85 0.50 2.52 3 0.02 2.59 J3HW
KODD0045 102.00 102.60 0.60 0.35 0.23 33 2.22 4.13 J2Splay
KODD0045 130.80 133.40 2.60 1.53 0.19 34 1.10 2.35 J2FW
KODD0045 145.40 154.80 9.40 5.55 0.08 19 2.33 4.70 J2
KODD0047 90.50 94.00 3.50 1.72 0.24 119 0.52 2.58 J2FW
KODD0047 119.00 135.20 16.20 7.94 0.30 8 0.57 1.30 J2
KODD0047 218.20 218.60 0.40 0.20 0.87 5 0.11 1.11 J1
KODD0048 83.00 83.60 0.60 0.31 1.65 0 0.00 1.66 J2FW
KODD0048 130.60 131.00 0.40 0.21 0.88 68 1.68 4.39 J2
KODD0048 156.10 157.60 1.50 0.78 1.24 4 0.63 2.28 J1
KODD0049 76.00 77.00 1.00 0.58 0.38 64 1.16 3.01 J2FW
KODD0049 91.70 92.20 0.50 0.29 0.14 24 2.34 4.12 J2
KODD0049 121.80 125.50 3.70 2.15 1.28 7 0.18 1.65 J2HW
KODD0049 133.15 133.70 0.55 0.32 0.87 18 3.45 6.51 J2Splay
KODD0049 174.90 175.30 0.40 0.23 0.14 8 0.50 1.03 J1
KODD0049 464.20 469.35 5.15 2.99 0.10 10 1.75 2.97 K1FW
KODD0049 488.60 526.50 37.90 21.98 0.79 13 1.17 2.80 K1
KODD0050 164.95 166.85 1.90 0.76 1.71 97 5.78 12.01 J2FW
KODD0050 176.00 191.80 15.80 6.32 0.26 10 0.94 1.86 J2
KODD0053 131.10 136.10 5.00 3.15 0.98 6 0.57 1.95 K1FW
KODD0053 141.30 144.70 3.40 2.14 0.52 14 1.79 3.51 K1
KODD0053 147.40 148.40 1.00 0.63 0.12 4 2.97 4.84 K1HW
KODD0054 136.70 143.70 7.00 3.99 0.92 8 0.94 2.50 J2
KODD0054 519.40 529.70 10.30 5.87 2.61 10 1.69 5.39 K1
KODD0054 532.00 544.70 12.70 7.24 0.50 6 1.50 2.93 K1HW
KODD0054 551.10 563.50 12.40 7.07 0.87 25 1.34 3.29 K2FW
KODD0054 570.90 578.00 7.10 4.05 3.98 60 3.06 9.55 K2HW
KODD0051 58.00 59.00 1.00 0.45 7.41 12 0.08 7.70 J1
KODD0051 202.40 205.30 2.90 1.31 0.88 10 1.75 3.76 K1
KODD0051 205.30 258.80 53.50 11.84 3.53 5 0.55 4.47 K2FW
KODD0051 249.20 263.00 13.80 2.79 1.87 6 1.05 3.59 K2
KODD0051 279.00 290.80 11.80 5.31 1.81 6 1.20 3.77 K2HW
KODD0055 59.70 63.20 3.50 2.70 1.72 2 0.05 1.83 J2
KODD0055 278.90 280.30 1.40 1.08 0.75 14 4.95 8.69 J1FW
KODD0055 285.60 295.45 9.85 7.58 7.37 2 0.13 7.58 J1
KODD0055 308.00 308.30 0.30 0.23 25.20 30 5.42 34.08 J1HW
KODD0055 322.15 327.15 5.00 3.85 0.81 5 0.98 2.40 K1
KODD0055 336.00 337.70 1.70 1.31 1.53 6 0.52 2.42 K1HW
KODD0055 372.75 373.10 0.35 0.27 0.62 16 1.81 3.66 K2

Table 4
Kainantu Gold Mine – Collar Locations for Kora and Judd Surface and Underground Drilling

Hole ID Collar location   Collar orientation Lode
Local North Local East mRL Dip Local azimuth EOH depth (m)
JDD0200 58797 29934 1283 33 41 187 Judd
JDD0207 58209 29846 1223 0 95 160 Judd
JDD0208A 58209 29846 1222 -34 93 173 Judd
JDD0209 58209 29846 1221 -57 94 263 Judd
JDD0210 58209 29846 1221 -69 92 343 Judd
JDD0211 58795 29934 1282 21 76 80 Judd
JDD0212 58207 29845 1224 32 148 320 Judd
JDD0213 58208 29845 1221 -49 96 372 Judd
JDD0214 58207 29846 1223 15 147 290 Judd
JDD0216 58836 30015 904 39 250 128 Judd
JDD0217 58835 30014 903 16 247 99 Judd
JDD0218 58836 30015 901 -21 248 128 Judd
JDD0219 58837 30015 904 41 291 133 Judd
JDD0220 58839 30014 905 30 322 127 Judd
JDD0223 58787 29887 1315 30 115 171 Judd
JDD0224 59127 30005 892 25 222 135 Judd
JDD0225 58022 29845 1225 -9 146 290 Judd
JDD0226 58023 29845 1225 -32 147 316 Judd
JDD0227 58023 29845 1224 -50 148 372 Judd
JDD0230 58788 29887 1315 31 104 182 Judd
JDD0231 58789 29887 1282 33 91 166 Judd
JDD0232 58789 29888 1315 34 73 176 Judd
JDD0233 58789 29888 1315 29 67 168 Judd
JDD0234 58790 29887 1315 27 59 179 Judd
JDD0235 58787 29887 1316 42 126 212 Judd
JDD0236 58789 29887 1316 43 79 216 Judd
JDD0237 58790 29887 1316 39 57 224 Judd
JDD0238 58789 29887 1316 39 71 222 Judd
JDD0239 58644 29934 1343 33 118 131 Judd
K92DD0020 59370 30015 884 -30 250 202 Kora
K92DD0024 59489 30020 882 -8 248 270 Irumafimpa
K92DD0025 59489 30020 882 -31 249 148 Kora
KMDD0574 58207 29841 1221 -38 207 190 Kora
KMDD0575 58208 29841 1221 -50 211 252 Kora
KMDD0577 58650 29905 1301 26 221 234 Kora
KMDD0578 58650 29905 1301 20 221 218 Kora
KMDD0580 59488 30020 881 -36 231 179 Kora
KMDD0581 59489 30020 881 -45 247 355 Kora
KMDD0582 58651 29904 1301 23 241 158 Kora
KMDD0585 59371 30015 883 -43 252 232 Kora
KMDD0586 59370 30015 883 -52 248 454 Kora
KMDD0588A 59490 30020 881 -53 272 418 Kora
KMDD0590 58797 29938 1322 1 318 205 Kora
KMDD0591 58797 29938 1322 8 318 166 Kora
KMDD0592 58797 29938 1322 17 320 195 Kora
KMDD0593 58797 29938 1323 27 318 206 Kora
KMDD0595 58651 29905 1301 37 244 195 Kora
KMDD0596 58780 29984 1313 28 330 335 Kora
KMDD0597 58776 29984 1314 40 243 265 Kora
KMDD0598 58777 29984 1314 43 262 239 Kora
KMDD0599 58778 29984 1314 42 281 245 Kora
KMDD0600 58778 29984 1314 40 297 263 Kora
KMDD0601 59371 30015 887 41 252 236 Kora
KMDD0602 59489 30020 884 36 246 206 Kora
KMDD0607 59490 30020 882 -23 272 292 Kora
KMDD0608 59490 30020 881 -41 272 309 Kora
KMDD0609 59490 30020 882 5 273 249 Kora
KMDD0612 59235 30009 888 -19 262 253 Kora
KMDD0614 59235 30009 887 -40 262 323 Kora
KMDD0616 59235 30010 886 -56 261 510 Kora
KMDD0617 58797 29938 1322 11 314 201 Kora
KMDD0618 58796 29938 1323 35 284 185 Kora
KMDD0619 58796 29938 1323 35 271 183 Kora
KMDD0620 58795 29938 1323 25 259 170 Kora
KMDD0621 58795 29938 1323 32 259 181 Kora
KMDD0622 58795 29937 1323 25 250 166 Kora
KMDD0623 58795 29938 1323 32 248 194 Kora
KMDD0624 58604 29972 1316 44 294 243 Kora
KMDD0625 58603 29972 1315 43 273 252 Kora
KMDD0626 58602 29972 1315 43 251 278 Kora
KMDD0627 59491 30020 882 -13 288 78 Judd
KMDD0628 59491 30020 883 10 291 99 Judd
KMDD0630 58024 29838 1225 -10 229 184 Kora
KMDD0631A 58024 29839 1224 -42 228 208 Kora
KMDD0632 58024 29839 1224 -57 227 142 Kora
KMDD0633 58024 29838 1227 33 228 218 Kora
KMDD0634 58794 29937 1323 23 234 180 Kora
KMDD0635 58794 29937 1323 30 232 231 Kora
KMDD0643 59492 30020 882 -10 324 166 Judd
KMDD0644 58600 29973 1314 23 207 415 Kora
KMDD0645 59127 30005 889 -40 259 310 Kora
KMDD0646 59127 30005 888 -49 260 420 Kora
KMDD0648 58600 29972 1315 33 216 400 Kora
KMDD0649 58600 29972 1314 18 215 380 Kora
KMDD0650 58941 29887 898 10 236 161 Kora
KMDD0651B 58940 29888 899 27 236 73 Kora
KMDD0652 58022 29838 1225 -7 202 262 Kora
KMDD0654A 58024 29839 1224 -45 206 137 Kora
KMDD0656 58941 29887 899 13 251 135 Kora
KMDD0657 58794 29937 1323 31 230 259 Kora
KMDD0659 58810 29972 903 4 273 192 Kora
KMDD0662 58794 29937 1323 32 232 216 Kora
KMDD0663 58961 29918 897 9 291 161 Kora
KMDD0664 58961 29918 898 12 322 150 Kora
KMDD0665 58797 29938 1322 12 319 192 Kora
KMDD0667 58796 29938 1323 31 297 160 Kora
KMDD0668 58943 29886 898 13 284 135 Kora
KMDD0670 58758 29895 909 5 254 162 Kora
KMDD0675 58757 29895 909 3 237 194 Kora
KMDD0676 58941 29887 900 34 252 141 Kora
KMDD0677 58942 29886 899 30 277 134 Kora
KMDD0681 59005 29947 898 23 263 201 Kora
KMDD0682 59006 29948 898 33 293 144 Kora
KMDD0683 58757 29895 909 17 238 232 Kora
KMDD0684 58942 29886 899 25 280 130 Kora
KMDD0685 58943 29887 898 22 303 197 Kora
KMDD0686A 59006 29948 897 18 282 191 Kora
KMDD0688A 59006 29948 897 21 292 206 Kora
KMDD0689 58972 29946 898 29 283 211 Kora
KMDD0690 58760 29896 909 22 299 178 Kora
KMDD0691 58759 29495 910 22 276 186 Kora
KMDD0693 58951 29938 898 29 265 199 Kora
KMDD0694 58951 29938 898 25 251 203 Kora
KMDD0695 59006 29948 897 24 294 242 Kora
KODD0041 58426 30183 1909 -66 264 404 Judd south
KODD0043 58402 30064 1914 -52 215 325 Judd south
KODD0045 58402 30064 1914 -52 230 310 Judd south
KODD0046 58952 30075 1872 -48 215 288 Judd south
KODD0047 58401 30063 1914 -58 247 396 Judd south
KODD0048 58952 30075 1872 -52 308 262 Judd south
KODD0049 58402 30064 1914 -57 245 575 Judd south
KODD0050 58952 30075 1872 -66 313 305 Judd South
KODD0051 59535 29991 1671 -63 248 488 Judd south
KODD0053 59535 29991 1671 -52 271 374 Judd South
KODD0054 58402 30064 1914 -62 263 629 Judd south
KODD0055 59518 30122 1797 -45 270 464 Judd south
KUDD0052 58047 30076 1836 -62 322 592 Kora South
KUDD0053 57801 29900 1861 -67 310 421 Kora South
KUDD0054 57167 29839 1963 -45 90 425 Kora South
KUDD0055 57801 29900 1861 -62 221 305 Kora South
KUDD0056 57801 29900 1861 -75 300 542 Kora South
KUDD0057 57861 29767 1814 -63 20 387 Kora South
KUDD0058 58047 30075 1835 -58 286 598 Kora South
KUDD0059 57167 20851 1963 -45 270 340 Kora South
KUDD0060 58035 29871 1837 -62 285 191 Kora South
KUDD0061 58035 29871 1837 -51 90 197 Kora South
KUDD0062 58035 29871 1837 -66 257 175 Kora South
KUDD0063 58035 29871 1837 -72 299 368 Kora South
KUDD0064 58035 29871 1837 -73 271 264 Kora South
KUDD0044 58047 30076 1836 -72 238 491 Judd

Table 5
Kora and Judd Mineral Resource Estimate (Effective Date September 12, 2023, 3 g/t gold equivalent cut-off)

  Tonnes Gold Silver Copper AuEq
  Mt g/t moz g/t moz % kt g/t moz
Kora                  
Measured 3.7 8.74 1.0 20.5 2.5 1.21 45.0 10.96 1.3
Indicated 3.1 6.99 0.7 21.9 2.2 1.31 41.3 9.40 1.0
Total M&I 6.9 7.94 1.8 21.1 4.7 1.25 86.2 10.24 2.3
Inferred 14.3 5.60 2.6 28.7 13.2 1.62 231.2 8.60 3.9
                   
Judd                  
Measured 0.4 9.05 0.12 19.0 0.25 0.80 3.2 10.58 0.14
Indicated 0.8 6.37 0.17 15.6 0.42 0.73 6.2 7.76 0.21
Total M&I 1.2 7.24 0.29 16.7 0.67 0.75 9.4 8.68 0.35
Inferred 2.3 6.27 0.45 15.8 1.15 0.76 17.2 7.72 0.56
                   
Kora and Judd                  
Measured 4.1 8.77 1.2 20.4 2.7 1.17 48.2 10.92 1.5
Indicated 4.0 6.86 0.9 20.6 2.6 1.19 47.4 9.05 1.2
Total M&I 8.1 7.83 2.0 20.5 5.3 1.18 95.6 10.00 2.6
Inferred 16.5 5.69 3.0 27.0 14.3 1.50 248.3 8.48 4.5
  • The Independent and Qualified Person responsible for the Mineral Resource estimate is Simon Tear, P.Geo. of H & S Consultants Pty. Ltd., Sydney, Australia, and the effective date of the estimate is September 12, 2023.
  • Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
  • Geological interpretation has generated a series of narrow, sub-vertical vein structures based on delineated wireframes on 10m, 20m and 25m spaced cross sections. The design of the lode wireframes is based on a combination of logged geology, Au, Cu & Ag assay grades and locally on a nominal minimum mining width of 5.2m, all coupled with geological sense.
  • Resources were compiled at 3 g/t gold equivalent cut-off grades for Kora and Judd.
  • Density (t/m3) was modelled using Ordinary Kriging on 2,778 sample measurements. Areas within the mineral wireframes where no density grades were interpolated had average default values inserted at appropriate levels.
  • Reported tonnage and grade figures are rounded from raw estimates to reflect the order of accuracy of the estimate.
  • Minor variations may occur during the addition of rounded numbers.
  • Estimations used metric units (metres, tonnes and g/t).
  • Gold equivalents are calculated as AuEq = Au g/t + Cu%*1.6481+ Ag g/t*0.0114. Gold price US$1,700/oz; Silver US$22.5/oz; Copper US$4.00/lb. Metal payabilities and recoveries are incorporated into the AuEq formula. Recoveries of 95% for copper and 80% for silver were used.

Drill Hole Sampling Methodology, QA/QC and Qualified Person

Diamond drill hole is first logged to determine the sampling intervals, which range from a minimum of 0.1 metres to generally 1 metre. The drill core is sawn half core cut along a reference line, with the remainder of the core returned to the core tray. Core samples are then placed in numbered calico and plastic bags, with a numbered sample ticket for dispatch to the assay laboratory. Samples are separately assayed for gold, copper and silver. K92’s procedure includes the insertion standards, blanks and duplicates. Gold assays are by the fire assay method. Copper and silver assays are by three-acid-digestion method (nitric, perchloric & hydrochloric mix).

K92 maintains an industry-standard analytical quality assurance and quality control (QA/QC) and data verification program to monitor laboratory performance and ensure high quality assays. Results from this program confirm reliability of the assay results. All sampling and analytical work for the mine exploration program is performed by Intertek Testing Services (PNG) LTD, an independent accredited laboratory that is located on site. External check assays for QA/QC purposes are performed at SGS Australia Pty Ltd in Townsville, Queensland, Australia.

The analytical QA/QC program is currently overseen by Andrew Kohler, PGeo, Mine Geology Manager and Mine Exploration Manager for K92. Andrew Kohler, a qualified person under the meaning of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and is responsible for the technical content of this news release.

About K92

K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018 and is in a strong financial position. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, and the Kainantu 2022 Preliminary Economic Assessment, including the Stage 3 Expansion, a new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.

All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the COVID-19 virus; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.

Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Figure 1 – K1 Vein Long Section

Figure 1 – K1 Vein Long Section

Figure 2 – K2 Vein Long Section

Figure 2 – K2 Vein Long Section

Figure 3 – J1 Vein Long Section

Figure 3 – J1 Vein Long Section

Figure 4 – J2 Vein Long Section

Figure 4 – J2 Vein Long Section

Figure 5 – Kora-Irumafimpa Long Section

Figure 5 – Kora-Irumafimpa Long Section

Figure 6 – Judd Long Section

Figure 6 – Judd Long Section

Figure 7 – JDD0231 Core Photograph, 129.56 – 134.50m; within intersection of 3.67 m at 41.05 g/t AuEq or 37.49 g/t Au, 59 g/t Ag and 1.79% Cu from the J1 Vein.

Figure 7 – JDD0231 Core Photograph

Figure 8 – KMDD0591 Core Photograph, 145.00 – 149.70m; within intersection of 3.90 m at 49.78 g/t AuEq or 49.14 g/t Au, 8 g/t Ag and 0.34% Cu from the K1 Vein.

Figure 8 – KMDD0591 Core Photograph

Figure 9 – KMDD0657 Core Photograph, 168.75 – 178.30m; within intersection of 6.05 m at 47.27 g/t AuEq or 38.03 g/t Au, 94 g/t Ag and 5.13% from the K2 Vein.

Figure 9 – KMDD0657 Core Photograph

Figure 10 – KMDD0662 Core Photograph, 160.35 – 170.42m; within intersection of 9.00 m at 40.36 g/t AuEq or 32.47 g/t Au, 63 g/t Ag, and 4.52% Cu from the K2 Vein.

 Figure 10 – KMDD0662 Core Photograph

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c358099c-aff2-416d-98d7-4f629ad4601f

https://www.globenewswire.com/NewsRoom/AttachmentNg/de7a5e97-cb77-43ff-b9bf-428db7ce2ee8

https://www.globenewswire.com/NewsRoom/AttachmentNg/8bad6ec3-38ee-4e91-b81b-5a845783fbf7

https://www.globenewswire.com/NewsRoom/AttachmentNg/b01852f7-118d-468f-a8a2-3ff208728bde

https://www.globenewswire.com/NewsRoom/AttachmentNg/a15460f4-668a-4efe-97d9-a0cc82581974

https://www.globenewswire.com/NewsRoom/AttachmentNg/f4ad9791-6a22-436a-940f-00e4e71c91f9

https://www.globenewswire.com/NewsRoom/AttachmentNg/ce87625e-2407-4796-90c4-ef16f06d9a1a

https://www.globenewswire.com/NewsRoom/AttachmentNg/7b9e231c-e00d-43e9-aa58-fab1610d0c00

https://www.globenewswire.com/NewsRoom/AttachmentNg/34f89a26-8813-4a96-83d9-440af0047348

https://www.globenewswire.com/NewsRoom/AttachmentNg/6f66331b-711d-44cf-8774-3a027593f84d

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