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K92 Mining Inc. T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.


TSX:KNT - Post by User

Bullboard Posts
Post by ITSTHELAWon Jan 16, 2018 12:23pm
260 Views
Post# 27368484

Dec.4 press release

Dec.4 press releaseI am looking at it this is the begining of mining the Kora stopes which investors like Brent Cook want to see they can mine.

Also, from the Dec.4/17 press release "he mining blocks have been defined by applying a minimum mining width of 2.5 metres and mining dilution of 0.5 metres to the above Measured and Indicated Mineral Resource in an area 150 metres along strike between the 1160 mRL and 1235 mRL levels (75 metres vertical extent). The mining blocks contain a total 124,200 tonnes @ 7.17 g/t Au, 19 g/t Ag and 1.06% Cu. See Table 2 below. This tonnage excludes approximately 8,000 tonnes which were mined as a bulk sample from the initial 4 metre x 4 metre drive on the 1185 mRL level. It is planned that the material defined in these mining blocks will be mined over the next nine months.

If I am doing the math right, 124.2 tonnes @ 7.17 g/t Au is approximately 29,000 troy ozs of gold over the next nine months. Getting closer to doing what they said they would be doing and I believe commercial production. 
Bullboard Posts