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K92 Announces More High-Grade Kora Drill Results from Kora North Extension

  • Drill Hole KMDD0105 records multiple intersections including 6.00 m at 43.20 g/t Au, 290 g/t Ag and 0.51% Cu (47.66 g/t Au Eq) plus 2.01 m at 4.73 g/t Au, 15 g/t Ag and 1.44% Cu (7.12 g/t AuEq)
  • Drill Hole KMDD0108 records multiple intersections including 8.02 m at 17.16 g/t Au, 5 g/t Ag and 0.54% Cu (18.04 g/t AuEq) plus 7.74 m at 2.53 g/t Au, 159 g/t Ag and 2.82% Cu (8.86 g/t AuEq)
  • Drill Hole KMDD0110 records 3.53 m at 35.73 g/t Au, 16 g/t Ag and 0.28% Cu (36.36 g/t AuEq) plus 5.60 m at 6.83 g/t Au, 2 g/t Ag and 0.12% Cu (7.04 g/t AuEq) plus 3.44 m at 10.78 g/t Au, 5 g/t Ag and 0.59% Cu (11.75 g/t AuEq)
  • Drill Hole KMDD0110A records 6.20 m at 23.59 g/t Au, 6 g/t Ag and 0.50% Cu (24.42 g/t AuEq) plus 5.00 m at 2.77 g/t Au, 38 g/t Ag and 1.22% Cu (5.11 g/t AuEq)

VANCOUVER, British Columbia, Jan. 15, 2019 (GLOBE NEWSWIRE) -- K92 Mining Inc. (TSX-V: KNT; OTCQX: KNTNF) (“K92” or the “Company”) is pleased to announce results from the continuing diamond drilling of the Kora North Extension.

The results for the latest 10 diamond drill holes completed from Diamond Drill Cuddies 3 and 4 (DDC3 and DDC4) into the Kora North deposit are summarized in Table 1 below. These results continue to delineate and extend both the K1, K2 lodes as well as the KL structure between the lodes. Long sections showing all holes drilled to date in both K1 and K2 are provided below. Note that KMDD0106 was terminated prior to the projected intersection of K2 due to slow penetration rates through wet broken ground. Table 2 provides details of collar location and hole orientation.

John Lewins, K92 Chief Executive Officer and Director, states, “In October 2018, the Company reported an updated resource estimate for Kora North comprising a Measured Resource of 154,000 tonnes @ 18.7 g/t Au, 8.9 g/t Ag and 0.5% Cu; an Indicated Resource of 690,000 tonnes @ 11.6 g/t Au, 14.1 g/t Ag and 0.8% Cu and an Inferred Resource of 1.92 million tonnes @ 10.7 g/t Au, 13.3 g/t Ag and 0.7% Cu. The resource estimate was based on results from 80 drill holes as well as over 1,300 face samples. We are now reporting results for a further 10 diamond drill holes which provide not only confirmation of the continuity of the K1 and K2 lodes, but also continue to extend the known vertical and horizontal extent of the lodes.

Importantly, with two new and more powerful underground diamond rigs being brought in, we expect to significantly increase the metres drilled in 2019 in comparison to 2018.”

Table 1 - Kainantu Gold Mine – Significant Intercepts from Diamond Drill Cuddies 3 & 4

...
Hole_id From
(m)
To
(m)
Interval
(m)
True
width
(m)
Gold
g/t
Silver
g/t
Copper
%
Gold
equivalent

g/t
Comment
KMDD0103 152.91 156.78 3.87 1.73 3.51 3 0.41 4.19  
Including 152.91 153.91 1.00 0.45 5.94 4 0.14 6.21  
Including 153.91 154.79 0.88 0.39 1.68 1 0.27 2.10  
Including 154.79 155.30 0.51 0.23 8.59 4 0.46 9.34  
Including 155.30 156.05 0.75 0.34 0.50 2 0.20 0.83  
Including 156.05 156.78 0.73 0.33 1.94 5 1.16 3.78  
KMDD0103 171.31 174.29 2.98 1.33 1.41 2 0.23 1.78  
Including 171.31 171.90 0.59 0.26 6.32 2 0.10 6.49  
Including 171.90 172.70 0.80 0.36 0.02 1 0.05 0.10  
Including 172.70 173.28 0.58 0.26 0.04 1 0.02 0.09  
Including 173.28 174.04 0.76 0.34 0.09 1 0.02 0.13  
Including 174.04 174.29 0.25 0.11 1.42 8 2.23 4.93  
KMDD0103 205.20 215.52 10.32 4.62 3.57 50 1.08 5.85  
Including 205.20 206.70 1.50 0.67 12.38 34 0.36 13.37  
Including 206.70 207.40 0.70 0.31 0.82 9 0.27 1.35  
Including 207.40 208.40 1.00 0.45 2.35 13 0.19 2.80  
Including 208.40 209.00 0.60 0.27 10.16 201 1.07 14.35  
Including 209.00 210.33 1.33 0.60 1.22 34 0.78 2.85  
Including 210.33 211.26 0.93 0.42 0.67 23 0.47 1.67  
Including 211.26 212.13 0.87 0.39 0.71 16 0.25 1.30  
Including 212.13 213.32 1.19 0.53 2.13 42 0.87 3.99  
Including 213.32 213.60 0.28 0.13 0.27 25 0.80 1.80  
Including 213.60 214.51 0.91 0.41 1.56 91 2.95 7.23  
Including 214.51 215.52 1.01 0.45 2.29 101 3.89 9.52  
KMDD0103 218.90 225.50 6.60 2.96 0.88 20 1.12 2.84  
Including 218.90 222.00 3.10 1.388 0.960 19 0.834 2.48  
Including 222.00 222.42 0.42 0.188 0.04 1 0.0669 0.16  
Including 222.42 223.48 1.06 0.475 0.92 9 1.003 2.57  
Including 223.48 224.50 1.02 0.457 0.65 24 0.886 2.31  
Including 224.50 225.00 0.50 0.224 1.15 15 0.433 2.00  
Including 225.00 225.50 0.50 0.224 1.2 58 5.16 9.83  
KMDD0105 96.79 98.38 1.59 1.03 3.52 3 0.37 4.12  
Including 96.79 97.28 0.49 0.32 5.87 3 0.29 6.36  
Including 97.28 97.72 0.44 0.29 2.68 3 0.57 3.58  
Including 97.72 98.38 0.66 0.43 2.34 2 0.30 2.83  
KMDD0105 111.85 113.86 2.01 1.30 4.73 15 1.44 7.12  
Including 111.85 112.22 0.37 0.24 4.34 8 0.42 5.08  
Including 112.22 112.68 0.46 0.30 0.60 4 0.35 1.18  
Including 112.68 113.10 0.42 0.27 8.25 54 5.87 17.92  
Including 113.10 113.46 0.36 0.23 0.31 3 0.29 0.79  
Including 113.46 113.86 0.40 0.26 10.13 3 0.01 10.19  
KMDD0105 118.20 124.20 6.00 3.89 43.20 290 0.51 47.66  
Including 118.20 119.11 0.91 0.59 146.40 1050 0.85 161.03  
Including 119.11 120.25 1.14 0.74 83.50 440 0.83 90.36  
Including 120.25 120.97 0.72 0.47 0.85 10 0.43 1.64  
Including 120.97 121.61 0.64 0.42 37.83 350 0.72 43.38  
Including 121.61 122.10 0.49 0.32 0.53 15 0.67 1.74  
Including 122.10 122.84 0.74 0.48 0.10 4 0.01 0.17  
Including 122.84 124.20 1.36 0.88 4.13 31 0.16 4.76  
KMDD0105 153.53 162.30 8.77 5.69 0.29 8 0.61 1.32  
Including 153.53 154.00 0.47 0.30 0.14 10 0.69 1.31  
Including 154.00 154.62 0.62 0.40 0.92 7 0.17 1.27  
Including 154.62 155.44 0.82 0.53 0.01 8 0.02 0.14  
Including 155.44 156.10 0.66 0.43 0.06 1 0.28 0.50  
Including 156.10 156.62 0.52 0.34 0.45 2 3.23 5.42  
Including 156.62 156.92 0.30 0.19 0.11 39 0.37 1.17  
Including 156.92 157.22 0.30 0.19 1.78 66 5.59 11.17  
Including 157.22 158.62 1.40 0.91 0.08 1 0.04 0.15  
Including 158.62 159.50 0.88 0.57 0.08 1 0.02 0.13  
Including 159.50 160.00 0.50 0.32 0.12 8 0.05 0.30  
Including 160.00 161.10 1.10 0.71 0.43 11 0.41 1.19  
Including 161.10 161.77 0.67 0.43 0.05 1 0.02 0.09  
Including 161.77 162.30 0.53 0.34 0.56 7 1.26 2.57  
KMDD0106 77.33 80.00 2.67 1.68 5.87 4 0.61 6.86  
Including 77.33 78.00 0.67 0.42 4.06 2 0.50 4.86  
Including 78.00 78.60 0.60 0.38 7.29 2 0.64 8.29  
Including 78.60 79.05 0.45 0.28 11.06 8 1.22 13.02  
Including 79.05 80.00 0.95 0.60 3.78 5 0.39 4.45  
KMDD0106 82.20 85.27 3.07 1.93 7.45 2 0.09 7.61  
Including 82.20 82.72 0.52 0.33 16.25 3 0.11 16.46  
Including 82.72 83.30 0.58 0.36 1.36 2 0.03 1.42  
Including 83.30 84.00 0.70 0.44 1.93 1 0.20 2.24  
Including 84.00 84.62 0.62 0.39 16.32 1 0.08 16.45  
Including 84.62 85.27 0.65 0.41 3.35 1 0.03 3.40  
KMDD0106 85.27 87.00 1.73 1.09 1.15 1 0.07 1.27  
including 85.27 86.00 0.73 0.46 1.31 1 0.10 1.47  
including 86.00 87.00 1.00 0.63 1.03 1 0.05 1.12  
KMDD0106 88.08 89.00 0.92 0.58 1.41 1 0.01 1.44  
KMDD0106 91.00 92.00 1.00 0.63 1.80 1 0.16 2.05  
KMDD0106 98.20 100.20 2.00 1.27 14.09 38 1.42 16.73  
Including 98.20 98.70 0.50 0.32 0.48 8 0.32 1.07  
Including 98.70 99.40 0.70 0.44 36.65 71 3.64 43.12  
Including 99.40 100.20 0.80 0.51 2.86 27 0.15 3.44  
KMDD0107 31.50 40.80 9.30 5.52 1.82 2 0.29 2.29  
Including 31.50 32.50 1.00 0.59 12.88 4 0.34 13.45  
Including 32.50 33.52 1.02 0.61 0.22 3 0.42 0.89  
Including 33.52 34.50 0.98 0.58 0.09 2 0.18 0.40  
Including 34.50 35.52 1.02 0.61 0.16 2 0.43 0.84  
Including 35.52 36.11 0.59 0.35 0.16 1 0.27 0.59  
Including 36.11 37.12 1.01 0.60 0.66 0 0.21 0.99  
Including 37.12 38.23 1.11 0.66 1.21 0 0.10 1.36  
Including 38.23 39.20 0.97 0.58 1.04 1 0.09 1.20  
Including 39.20 40.20 1.00 0.59 0.22 0 0.37 0.78  
Including 40.20 40.80 0.60 0.36 0.41 9 0.66 1.54  
KMDD0107 108.50 112.60 4.10 2.87 2.41 10 0.91 3.94  
Including 108.50 109.33 0.83 0.58 7.89 22 1.45 10.39  
Including 109.33 109.80 0.47 0.33 0.75 4 0.84 2.08  
Including 109.80 110.58 0.78 0.55 0.12 7 1.24 2.10  
Including 110.58 111.37 0.79 0.55 0.78 11 0.76 2.08  
Including 111.37 111.82 0.45 0.32 0.13 5 0.18 0.47  
Including 111.82 112.60 0.78 0.55 2.86 7 0.63 3.91  
KMDD0108 80.50 87.53 7.03 4.93 10.08 8 0.25 10.57  
Including 80.50 80.90 0.40 0.28 13.08 11 0.06 13.31  
Including 80.90 81.88 0.98 0.69 4.89 2 0.04 4.97  
Including 81.88 82.80 0.92 0.65 1.33 3 0.14 1.58  
Including 82.80 83.48 0.68 0.48 28.60 22 0.06 28.98  
Including 83.48 84.50 1.02 0.72 24.20 13 0.37 24.93  
Including 84.50 85.50 1.00 0.70 1.37 7 0.35 2.00  
Including 85.50 86.60 1.10 0.77 3.60 9 0.37 4.28  
Including 86.60 87.53 0.93 0.65 10.93 5 0.43 11.65  
KMDD0108 89.80 97.82 8.02 5.62 17.16 5 0.54 18.04  
Including 89.80 91.10 1.30 0.91 0.78 4 1.05 2.44  
Including 91.10 92.26 1.16 0.81 2.37 3 0.38 2.98  
Including 92.26 93.13 0.87 0.61 13.15 4 0.55 14.04  
Including 93.13 94.92 1.79 1.26 50.41 4 0.63 51.42  
Including 94.92 95.62 0.70 0.49 13.89 13 0.59 14.96  
Including 95.62 96.64 1.02 0.72 15.74 4 0.18 16.07  
Including 96.64 97.82 1.18 0.83 5.43 4 0.27 5.90  
KMDD0108 100.08 107.22 7.14 5.01 2.51 5 1.00 4.11  
Including 100.08 100.90 0.82 0.58 16.32 15 0.31 16.98  
Including 100.90 101.30 0.40 0.28 3.12 4 0.59 4.07  
Including 101.30 102.30 1.00 0.70 0.85 3 0.46 1.59  
Including 102.30 103.21 0.91 0.64 0.72 4 1.03 2.35  
Including 103.21 104.33 1.12 0.79 0.18 3 0.58 1.10  
Including 104.33 105.43 1.10 0.77 0.19 1 0.26 0.60  
Including 105.43 105.90 0.47 0.33 0.13 2 0.17 0.42  
Including 105.90 106.47 0.57 0.40 1.30 10 3.46 6.72  
Including 106.47 107.22 0.75 0.53 0.45 8 3.03 5.19  
KMDD0108 112.06 119.80 7.74 5.43 2.53 159 2.82 8.86  
Including 112.06 112.80 0.74 0.52 1.63 12 0.22 2.11  
Including 112.80 113.96 1.16 0.81 0.12 1 0.01 0.14  
Including 113.96 114.46 0.50 0.35 0.82 1 0.03 0.87  
Including 114.46 115.70 1.24 0.87 0.60 24 1.52 3.23  
Including 115.70 117.60 1.90 1.33 3.78 387 7.56 20.26  
Including 117.60 118.60 1.00 0.70 9.48 450 5.31 23.32  
Including 118.60 119.80 1.20 0.84 0.37 2 0.08 0.52  
KMDD0109 36.00 42.00 6.00 3.54 5.47 6 0.51 6.32  
Including 36.00 37.10 1.10 0.65 10.40 1 0.06 10.49  
Including 37.10 38.00 0.90 0.53 16.50 19 1.08 18.39  
Including 38.00 38.85 0.85 0.50 2.08 15 1.36 4.35  
Including 38.85 40.00 1.15 0.68 0.50 1 0.53 1.32  
Including 40.00 40.80 0.80 0.47 0.08 1 0.28 0.51  
Including 40.80 42.00 1.20 0.71 3.46 1 0.04 3.53  
KMDD0109 53.00 54.50 1.50 0.76 0.96 50 1.58 4.02  
KMDD0109 74.20 78.45 4.25 2.71 6.28 5 0.97 7.83  
Including 74.20 74.41 0.21 0.13 2.50 1 0.05 2.59  
Including 74.41 74.90 0.49 0.31 0.52 3 0.63 1.51  
Including 74.90 75.90 1.00 0.64 0.49 6 1.02 2.12  
Including 75.90 76.50 0.60 0.38 0.13 2 0.33 0.66  
Including 76.50 77.40 0.90 0.57 18.10 9 0.53 19.02  
Including 77.40 78.45 1.05 0.67 8.64 4 2.00 11.76  
KMDD0110 79.86 83.39 3.53 2.02 35.73 16 0.28 36.36  
Including 79.86 80.32 0.46 0.26 5.62 15 0.09 5.94  
Including 80.32 81.26 0.94 0.54 14.91 5 0.33 15.47  
Including 81.26 81.64 0.38 0.22 6.96 3 0.10 7.15  
Including 81.64 82.04 0.40 0.23 16.66 16 0.57 17.73  
Including 82.04 82.57 0.53 0.30 30.82 14 0.36 31.55  
Including 82.57 83.39 0.82 0.47 102.30 38 0.21 103.11  
KMDD0110 88.00 93.60 5.60 3.20 6.83 2 0.12 7.04  
Including 88.00 88.51 0.51 0.29 3.13 1