K92 Mining Inc. (TSX: KNT) has obtained 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 Northern Deeps target at the Kainantu Gold Mine in Papua New Guinea.
The results for the latest 62 diamond drill holes completed from surface and underground are summarized in the tables below. Drilling results include the discovery of high-grade mineralization at the Judd J2 Vein to the South, while also continuing to demonstrate the high-grade, continuity and expansion potential of the Kora-Kora South and Judd-Judd South vein systems. The J2 Vein is not part of the current resource estimate.
Surface drilling focused on southern strike extensions, extending Judd mineralization towards surface within the mining lease and expanding the high-grade zone discovered at the J2 Vein.
Underground drilling focused on expanding the known Judd mineralization, increasing drill density at Kora and extending mineralization at Kora to the South of the Kora resource. Importantly, all drill holes at Kora-Kora South intersected mineralization, with 10 intersections exceeding 10g/t AuEq and 37 intersections exceeding 5g/t AuEq.
At Judd-Judd South, all drill holes intersected mineralization, with 11 intersections exceeding 10g/t AuEq and 25 intersections exceeding 5g/t AuEq.
“We are very pleased to be announcing the discovery of a high-grade zone at the J2 Vein from our drilling at Judd South, highlighted by KUDD0040 recording 2.40m at 345.36g/t AuEq, one of the highest grade intersections at the Kainantu Gold Mine reported to date,” CEO, John Lewins, said.
“The discovery zone features multiple other high-grade intersections at the J2 Vein including KUDD0045 recording 11.20m at 12.69g/t AuEq and KUDD0043 recording 3.80m at 10.19g/t AuEq, and this zone is particularly significant as the J2 Vein is not part of our current resource, until recently was not an exploration priority and adds yet another prospective sub-parallel vein to target at the Kainantu Gold Mine.
“The discovery is open in multiple directions and located approximately 800m north of the A1 Porphyry target. A1 is interpreted to be the heat source for the Kora-Kora South and Judd-Judd South vein systems. Exploration drilling to test for extensions of this zone is already underway.
“The latest results also continue to demonstrate the high-grade, continuity and expansion potential of the Kora-Kora South and Judd-Judd South vein system. At the J1 Vein, multiple high-grade intersections were recorded including: KODD0036 recording 5.00m at 161.57g/t AuEq at Judd, KUDD0043 recording 6.20m at 26.52g/t AuEq at Judd South, JDD0178 recording 6.36m at 23.07g/t AuEq at Judd and JDD0176 recording 5.66m at 12.60g/t AuEq at Judd.
“Hole KODD0036 is particularly important as step-out drilling towards surface from the Judd resource at depth continues to define high-grade mineralization. Drilling at J1 also recorded a dilatant zone intersection with KUDD0040 recording 22.00m at 5.14g/t AuEq within a broader 57.80m at 2.73g/t AuEq intersection.
“We are also pleased with the results from Kora-Kora South, where multiple high grade intersections were recorded including: KMDD0485 recording 5.94m at 15.96g/t AuEq at the K1 Vein, KMDD0535 recording 10.30m at 12.00g/t AuEq at the K2 Vein, KMDD0545 recording 7.98m at 12.14g/t AuEq at the K1 Vein, KUDD0041 recording 3.20m at 11.27g/t AuEq at the K2 Vein and KUDD0042 recording 3.35m at 11.15 g/t AuEq at the K1 Vein.
“Looking ahead, we are very excited to be imminently commencing drilling of Kora Deeps from the twin incline.
“Kora Deeps is a highly prospective target, drilling the lower portion and down-dip extension of the Kora resource. Underground drilling at Kora South and Judd South is also advancing at depth from the 1205 Level drill drive to test the down-dip extension of the mineralization defined by the surface drill programme.
“Lastly, porphyry exploration drilling at A1, our top copper-gold porphyry target, has recently commenced drilling its third hole. We plan to provide an update in due course.”
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