K92 Mining Inc. [TSX-[TSX-KNT; OTCQX –KNTNF]reported outcomes of the very first 2 drill holes finished from its first drill program at Arakompa at the Kainantu cash cow in Papua New Guinea.
Arakompa is near facilities, situated roughly 4.5 km southeast of the Kainantu cash cow’s processing plant and closer to the procedure plant than the producing Kora and Judd vein systems, situated roughly 3 km southwest of Arakompa.
Emphasizes: First 2 holes from K92’s first drill program at the Arakompa task, situated roughly 4.5 km from the Kainantu procedure plant, taped substantial mineralization, with 4 state-of-the-art lodes converged in hole KARDD0002 recording 7.20 metres at 24.76 g/t AuEq, 5.70 metres at 9.94 g/t AuEq, 5.30 metres at 6.06 g/t AuEq and 3.60 metres at 3.38 g/t AuEq, and comparable mineralization to the producing high grade Kora and Judd vein systems. Considerable chalcopyrite, and likewise bornite observed in the 5.7 metres at 9.94 g/t AuEq crossway, with the copper part grading 1.71%.
The target size of Arakompa is huge, with mineralization showed from drill holes, rock samples and surface area functions for a minimum of 1.7 km of strike, hosted within an around 150-225 metres broad mineralized extreme phyllic modified plan, and displays a vertical level of +500 metres.
In between the high grade lodes, the tonalite to dioritic host rock is overprinted with porphyry design mineralization increasing the capacity for bulk mining. Hole KARDD0002 tape-recorded a bulk crossway of 219.8 metres at 1.59 g/t AuEq with a greater grade core of 149.4 metres at 2.12 g/t AuEq, beginning at 5.2 metres from surface area. Notably, hole KARDD0002 drilled just roughly two-thirds of the width of the mineralized passage, with the eastern one-third untried.
Arakompa is sparsely drilled, open along strike, at depth and along its width. K92’s first drill results represent the very first drilling on the task finished in 32 years. An overall of 18 holes were drilled traditionally, with the huge bulk shallow, taping substantial high grade, consisting of 15 crossways above 5 g/t AuEq, 8 crossways above 10 g/t AuEq and 3 crossways above 20 g/t AuEq, with highlights consisting of: 4.00 m at 32.03 g/t AuEq, 4.00 m at 20.21 g/t AuEq, 2.00 m at 32.01 g/t AuEq, 2.80 m at 16.18 g/t AuEq and 9.20 m at 10.67 g/t AuEq. K92’s hole KARDD0002 is the longest hole drilled to date at Arakompa and strategies are currently in location to broaden expedition activities near-term.
John Lewins, CEO and director, mentioned: “We are really thrilled to be revealing the very first 2 drill hole arises from Arakompa, showing really high capacity from both the numerous crossways and considerable size capacity from surface area tasting, drill holes and regional operations covering a strike of 1.7 km, a mineralized passage of around 150 to 225 metres broad, and a shown vertical degree of over 500 metres.
“Arakompa is likewise near facilities, situated more detailed to the procedure plant than Kora and Judd, with fairly steady surface for roadway gain access to up from the Markham Valley, and significantly, represents an extremely potential chance to possibly grow production at Kainantu beyond the Stage 4 Expansion.
“Plans have actually currently been actioned to broaden the program at Arakompa in the near-term.”
Chris Muller, K92 executive vice-president of expedition, specified: “The Arakompa task represents another vein system comparable to the Kora-Judd combined passage, with simply as much capacity. In addition to the high grade huge sulphide veins, the stepping in gold mineralization at Arakompa is well established and totally connected with prevalent phyllic change most likely representing the upper expressions of a fertile porphyry at depth.
“Almost all of the 18 holes drilled by previous operators, Renison Goldfields Consolidated Limited and Highlands Gold Limited, converged outstanding gold-rich intercepts, even with just 1,766 metres drilled traditionally. Drill checked over a considerable strike length, drilling by these business just checked the really shallow parts of the veins. Clear indicators of the vein system at surface area, around 1000m RL, are a testimony to even higher strike capacity to the north and remarkable depth degree.
“The distance of the Arakompa mineralized passage to the Kainantu Gold Mine facilities, even closer to the Lae-Madang Highway than Kora, is a substantial characteristic and will allow a significant drilling project to be performed expense successfully. We anticipate dealing with our stakeholders to mark possibly the next significant resource for Papua New Guinea.”
K92’s just recently finished hole KARDD0002 is the longest hole drilled in the history of the task, converging considerable mineralization consisting of 4 lodes taping 7.20 m at 24.76 g/t AuEq (3.46 m real density), 5.70 m at 9.94 g/t AuEq (2.74 m real density), 5.30 m at 6.06 g/t AuEq (2.92 m real density) and 3.60 m at 3.37 g/t AuEq (1.73 m real density). Among the lodes, converging 5.70 m at 9.94 g/t AuEq, tape-recorded substantial chalcopyrite and bornite mineralization, with the copper element grading 1.7%. High grade lode mineralization appears to have considerable resemblances to Kora and Judd.
Furthermore, arises from hole KARDD0002 show possible for bulk mining at Arakompa. In between the lodes, the tonalite to dioritic host rock is mineralized, overprinted with porphyry design gold-copper mineralization. Hole KARDD0002 tape-recorded a bulk crossway of 219.8 m at 1.59 g/t AuEq (112.1 m real density) with a greater grade core of 149.4 m at 2.12 g/t AuEq (78.4 m real density), beginning at 5.2 m from surface area. Notably, hole KARDD0002 drilled roughly just two-thirds of the width of the mineralized passage, with the eastern one-third untried and potential as revealed by means of rock samples, consisting of 5.8 g/t Au and 11.6 g/t Au.
Surface area fieldwork finished traditionally and by K92 has actually shown that the target size of Arakompa is considerable, with mineralization observed from drill holes, rock samples and surface area functions for a minimum of 1.7 km of strike, hosted within a roughly 150 to 225 m broad mineralized extreme phyllic modified plan, and a vertical degree of over 500 metres.
Strategies are currently in location to broaden expedition activities in the near term.
K92 Mining stated industrial production from Kainantu in February 2018 and remains in a strong monetary position.