VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 11, 2017) -

  • The average feed assay of the material treated was 7.7 g/t Au and 0.91 % Cu
  • The gold recovery achieved was 92.4% and the copper recovery was 95.6%
  • 34 tonnes of concentrate at an average grade of 163 g/t Au and 20% Cu containing 177 ozs of gold and 6.8 tonnes of copper was produced from the 800 tonne sample 

K92 Mining Inc. ("K92") (TSX VENTURE:KNT)(OTCQB:KNTNF) is pleased to announce it has commenced treating an initial 2,000 tonne bulk sample from the interpreted Kora vein, and has results from treating the first 800 tonnes of material.

The bulk sample is being mined from a four-metre-by-four-metre horizontal development designed to reflect the production stoping width envisaged in the Preliminary Economic Assessment ("PEA") referred below. The average grade of the first 800 tonnes of material treated was 7.7 g/t Au and 0.91 % Cu is consistent with that predicted from grade control face sampling underground.

The horizontal development has mined through where the K92 Kora extension discovery hole KMDD0009 intersected the vein (see K92 news release dated May 24, 2017, for details including true thicknesses).

The KMDD0009 intersection is approximately 500 metres along strike and 150 metres downdip from the closest point of the currently defined Kora deposit inferred resource and is typical of the Kora/Eutompi mineralization.

John Lewins, K92 Chief Executive Officer and Director, states, "The results from the treatment of the first 800 tonnes of material from the Kora vein are significantly better than we had anticipated, with gold recovery of 92.4% and copper recovery in excess of 95%. This is above the 91.5% recovery assumed in the PEA and even more impressive when considering that this is the first batch of material treated and was achieved without a gravity gold circuit. It is our expectation that further optimization should improve on this performance as will the introduction of a gravity gold circuit."

The current Kora/Eutompi inferred resource, as defined by previous drilling to date, is 4.36 million tonnes at a grade of 7.3 g/t Au, 35 g/t Ag and 2.23 per cent Cu, or 11.2 g/t gold equivalent (see attached table) and is open for expansion at depth and in both directions along strike.