Nov 8, 2017
K92 hits gold, silver and copper mineralization in every hole drilled to follow up on Kora Extension
After announcing the Kora extension discovery on the very first exploration hole completed to target the same, K92 Mining Inc. (K92) (TSX.V: KNT) has drilled 10 follow up holes to-date that have all intersected gold, silver, and copper mineralization.
The K92 discovery hole, KMDD0009, recorded an intersection of 5.4 metres at 11.68 g/t gold (Au), 25.5 g/t silver (AG), and 1.33 per cent copper (Cu) 500 metres to the north from the closest point of the currently defined Kora deposit inferred resource (see K92 news release “K92 Mining Discovers High-Grade Extension of Kora Deposit in First Completed Exploration Hole” from May 24, 2017, for details including true thicknesses).
Over the past weeks, high-grade assays continue to roll in, including drill hole results from last week, representing both vertical and along strike extensions. These assays announced on November 1, 2017 included 2.5 metres at 68.78 g/t Au, 86 g/t Ag, and 0.37 per cent Cu in KMDD0017, and 2.4 m at 12.89 g/t Au, 14 g/t Ag, and 1.19 per cent Cu drill hole KMDD0021.
Today, the company followed up on those high grade assays, announcing that hole KMDD0022 intersected 3.4 metres at 11.76 g/t Au, 21 g/t Ag and 2.84 per cent Cu.
K92 Chief Executive Officer, John Lewins, states, "We continue to intersect high grades of gold and copper as we follow up on the Kora extension discovery. Based on this ongoing success, a second drill rig has now been added to intensify and expand this definition and exploration program."
Adding this second drill will increase data flow as K92 targets to build up tonnage via drilling at grade control spacing in the immediate area surrounding the Kora extension discovery, while also targeting to conduct enhanced exploration of Kora, a deposit which remains not only open in every direction, but strongly mineralized at the extent of all drilling.
Lewins further explains, "By December we will have drilled out an area of 150 metres by 150 metres from this one drill cuddy, with a program of grade control drilling on a 25m x 25m pattern. At the same time, we plan to continue to develop the footwall drive to the south towards the known Kora resource, establishing further drill cuddies at approximately 150 metre intervals to allow diamond drilling to continue along strike."
As to ongoing mining and processing, K92’s news release, “K92 Mining Intersects Multiple High-Grade Gold and Copper Veins in Kora Exploration Drilling” from November 7, 2017, also reported that the company is continuing to drive along the strike of the Kora vein in a northerly and southerly direction, with this mined material being processed through the plant.
K92 Mining Inc. (TSXV: KNT) President, Bryan Slusarchuk, adds, “Kora is already a large and high-grade inferred resource. The exploration discovery of an extension 500 metres along strike from the closest point of the known resource in the first hole drilled to test for such an extension is remarkable. The ongoing success and multiple high-grade gold and copper intercepts now drilled to follow up on that discovery has everybody very excited about the large size potential within this high-grade environment. Adding a second drill will intensify the already regular news flow, and we expect further updates in the days and weeks ahead.”
The K92 discovery hole, KMDD0009, recorded an intersection of 5.4 metres at 11.68 g/t gold (Au), 25.5 g/t silver (AG), and 1.33 per cent copper (Cu) 500 metres to the north from the closest point of the currently defined Kora deposit inferred resource (see K92 news release “K92 Mining Discovers High-Grade Extension of Kora Deposit in First Completed Exploration Hole” from May 24, 2017, for details including true thicknesses).
Over the past weeks, high-grade assays continue to roll in, including drill hole results from last week, representing both vertical and along strike extensions. These assays announced on November 1, 2017 included 2.5 metres at 68.78 g/t Au, 86 g/t Ag, and 0.37 per cent Cu in KMDD0017, and 2.4 m at 12.89 g/t Au, 14 g/t Ag, and 1.19 per cent Cu drill hole KMDD0021.
Today, the company followed up on those high grade assays, announcing that hole KMDD0022 intersected 3.4 metres at 11.76 g/t Au, 21 g/t Ag and 2.84 per cent Cu.
K92 Chief Executive Officer, John Lewins, states, "We continue to intersect high grades of gold and copper as we follow up on the Kora extension discovery. Based on this ongoing success, a second drill rig has now been added to intensify and expand this definition and exploration program."
Adding this second drill will increase data flow as K92 targets to build up tonnage via drilling at grade control spacing in the immediate area surrounding the Kora extension discovery, while also targeting to conduct enhanced exploration of Kora, a deposit which remains not only open in every direction, but strongly mineralized at the extent of all drilling.
Lewins further explains, "By December we will have drilled out an area of 150 metres by 150 metres from this one drill cuddy, with a program of grade control drilling on a 25m x 25m pattern. At the same time, we plan to continue to develop the footwall drive to the south towards the known Kora resource, establishing further drill cuddies at approximately 150 metre intervals to allow diamond drilling to continue along strike."
As to ongoing mining and processing, K92’s news release, “K92 Mining Intersects Multiple High-Grade Gold and Copper Veins in Kora Exploration Drilling” from November 7, 2017, also reported that the company is continuing to drive along the strike of the Kora vein in a northerly and southerly direction, with this mined material being processed through the plant.
K92 Mining Inc. (TSXV: KNT) President, Bryan Slusarchuk, adds, “Kora is already a large and high-grade inferred resource. The exploration discovery of an extension 500 metres along strike from the closest point of the known resource in the first hole drilled to test for such an extension is remarkable. The ongoing success and multiple high-grade gold and copper intercepts now drilled to follow up on that discovery has everybody very excited about the large size potential within this high-grade environment. Adding a second drill will intensify the already regular news flow, and we expect further updates in the days and weeks ahead.”