K92 Mining Inc. T.KNT

More Drilling news!

[ITSTHELAW]

K92 Announces Results from Further Underground Exploration Drill Hole from Kora Northern Extension

• Drill Hole KMDD0093 records intersection of 22.20 m at 61.81 g/t Au, 6 g/t Ag and 0.27% Cu (62.30 g/t AuEq)
• Drill Hole KMDD0089 records multiple high grade intersections, including 6.60 m at 10.70 g/t Au, 3 g/t Ag and 0.14% Cu (10.94 g/t AuEq)
• Drill Hole KMDD0091 records multiple high grade intersections, including 2.60 m at 24.42 g/t Au, 5 g/t Ag and 0.06% Cu (24.58 g/t AuEq) and 8.40 m at 4.18 g/t Au, 5 g/t Ag and 0.35% Cu (4.79 g/t AuEq)

VANCOUVER, British Columbia, June 05, 2018 (GLOBE NEWSWIRE) -- K92 Mining Inc. (TSX-V:KNT) (OTCQX:KNTNF) (“K92”) is pleased to announce results from the ongoing underground exploration drilling of the Kora North Extension including an intersection of 22.20m at 61.81 g/t Au, 6 g/t Ag and 0.27% Cu (62.30 g/t AuEq) in drill hole KMDD0093 (see Table 1 below for a summary of drill results including true widths).

	Kora North Plan

 

The results reported are from three exploration drill hole drilled from Diamond Drill Cuddy Two (DDC2) (see Kora North Plan below for hole locations). This exploration drilling program is targeting the area immediately up dip and down dip from the recently reported resource defined by grade control from DDC1 and DDC2 as well as an area along strike to the south. The intersections reported are consistent with expectations based on the grade control drilling. In addition, the results from hole KMDD0093 appear to indicate that the extremely high grades intersected in the K1 vein continue to the south beyond the area covered by the current grade control drilling, as well as being over 100 metres above the current Kora North mining level.

Hole KMDD0093 was terminated immediately after intersecting the interpreted K1 lode due to loss of barrel down hole. This hole and the other southern exploration holes will be drilled from diamond drill cuddy, DDC4 which is located almost 200 metres to the south of the current exploration cuddy, as this cuddy is now scheduled to be completed by late June.

John Lewins, K92 Chief Executive Officer and Director, states, “These results continue to expand our knowledge of the Kora system and the area in which we have interpreted as the Northern Extension of the Kora deposit. Our latest intersection in KMDD0093 shows the interpreted high grade K1 vein over 100 metres above our current mining level and within 200 metres along strike from the closest hole drilled from surface as part of the original Barrick program.”

Table 1 below provides a summary of the results from the first exploration drill hole drilled into the Kora North Vein system and Table 2 provides details of collar location and hole orientation.

Table 1.0 – Significant Intercepts from Kora Underground Exploration Drilling

Hole_id	From (m)	To (m)	Interval (m)	True width (m)	Gold g/t	Silver g/t	Copper %	Gold equivalent
KMDD0089	52.60	59.20	6.60	2.78	10.70	3	0.14	10.94
Including	52.60	53.90	1.30	0.55	3.14	5	0.18	3.49
Including	53.90	54.90	1.00	0.42	1.15	2	0.05	1.26
Including	54.90	55.90	1.00	0.42	9.46	4	0.45	10.19
Including	56.30	57.00	0.70	0.29	8.53	1	0.04	8.60
Including	57.00	57.50	0.50	0.21	94.03	6	0.16	94.36
Including	57.50	58.00	0.50	0.21	2.64	2	0.01	2.69
Including	58.00	59.20	1.20	0.51	1.24	1	0.03	1.30
KMDD0089	65.00	66.60	1.60	1.23	1.08	8	0.73	2.29
KMDD0089	77.80	78.80	1.00	0.71	0.59	160	3.20	5.69
KMDD0089	138.00	140.00	2.00	1.20	3.95	17	0.37	4.73
Including	138.00	139.20	1.20	0.72	4.56	8	0.41	5.28
Including	139.20	140.00	0.80	0.48	3.04	31	0.32	3.92
KMDD0089	261.00	261.60	0.60	0.57	5.34	28	0.81	6.92
Including	261.00	261.40	0.40	0.38	2.27	32	1.01	4.22
Including	261.40	261.60	0.20	0.19	11.48	19	0.40	12.34
KMDD0091	73.50	76.10	2.60	1.01	24.42	5	0.06	24.58
Including	73.50	74.40	0.90	0.35	28.77	12	0.09	29.06
Including	74.40	75.50	1.10	0.43	6.08	1	0.02	6.13
Including	75.50	76.10	0.60	0.23	51.53	1	0.10	51.69
KMDD0091	81.10	89.50	8.40	3.19	4.18	5	0.35	4.79
Including	81.10	82.00	0.90	0.34	7.21	1	0.13	7.42
Including	82.00	82.80	0.80	0.30	0.20	1	0.07	0.32
Including	82.80	83.40	0.60	0.23	18.79	8	0.13	19.10
Including	83.40	84.00	0.60	0.23	5.06	1	0.04	5.14
Including	84.00	84.50	0.50	0.19	0.55	1	0.03	0.61
Including	84.50	85.80	1.30	0.49	2.65	1	0.11	2.84
Including	85.80	86.80	1.00	0.38	0.20	3	0.71	1.32
Including	86.80	87.50	0.70	0.27	0.42	3	0.06	0.54
Including	87.50	88.50	1.00	0.38	2.06	14	0.46	2.94
Including	88.50	89.50	1.00	0.38	7.84	18	1.34	10.11
KMDD0091	111.00	130.00	19.00	7.41	1.44	16	0.17	1.90
Including	111.00	112.00	1.00	0.39	3.94	11	0.24	4.45
Including	112.00	113.00	1.00	0.39	0.25	2	0.13	0.47
Including	113.00	114.00	1.00	0.39	0.86	33	0.37	1.84
Including	114.00	115.00	1.00	0.39	1.82	1	0.07	1.94
Including	115.00	116.00	1.00	0.39	1.35	3	0.09	1.53
Including	116.00	118.20	2.20	0.86	1.14	12	0.20	1.60
Including	118.20	119.30	1.10	0.43	0.45	5	0.18	0.80
Including	119.30	121.20	1.90	0.74	2.88	12	0.22	3.36
Including	121.20	122.40	1.20	0.47	1.17	4	0.21	1.54
Including	122.40	123.90	1.50	0.59	1.57	3	0.13	1.81
Including	123.90	124.80	0.90	0.35	2.27	4	0.20	2.63
Including	124.80	125.70	0.90	0.35	1.56	8	0.09	1.80
Including	125.70	126.50	0.80	0.31	0.30	192	0.33	3.24
Including	126.50	127.30	0.80	0.31	1.37	7	0.13	1.66
Including	127.30	128.60	1.30	0.51	1.21	6	0.10	1.44
Including	128.60	130.00	1.40	0.55	0.35	3	0.05	0.46
KMDD0091	144.00	145.00	1.00	0.40	1.17	35	2.85	5.97
KMDD0093	177.00	199.20	22.20	6.22	61.81	6	0.27	62.30
Including	177.00	177.70	0.70	0.20	1.69	1	0.11	1.87
Including	177.70	178.50	0.80	0.22	6.23	3	0.41	6.90
Including	178.50	179.50	1.00	0.28	1.13	1	0.04	1.21
Including	179.50	180.60	1.10	0.31	0.81	1	0.02	0.85
Including	180.60	181.10	0.50	0.14	5.02	4	0.76	6.23
Including	181.10	181.60	0.50	0.14	3.39	4	0.10	3.59
Including	181.60	182.60	1.00	0.28	6.04	1	0.05	6.12
Including	182.60	183.50	0.90	0.25	24.15	1	0.03	24.20
Including	183.50	184.50	1.00	0.28	52.54	3	0.21	52.89
Including	184.50	185.40	0.90	0.25	90.90	3	0.16	91.19
Including	185.40	185.90	0.50	0.14	0.46	1	0.01	0.49
Including	185.90	187.00	1.10	0.31	120.42	6	0.11	120.67
Including	187.00	187.80	0.80	0.22	13.83	3	0.14	14.09
Including	187.80	188.80	1.00	0.28	9.23	14	1.01	10.96
Including	188.80	189.40	0.60	0.17	1.54	1	0.31	2.03
Including	189.40	190.50	1.10	0.31	925.00	54	0.68	926.73
Including	190.50	191.50	1.00	0.28	3.05	5	0.79	4.32
Including	191.50	192.50	1.00	0.28	1.84	1	0.36	2.41
Including	192.50	193.50	1.00	0.28	0.98	1	0.32	1.48
Including	193.50	194.50	1.00	0.28	1.30	2	0.22	1.65
Including	194.50	195.30	0.80	0.22	4.52	3	0.58	5.45
Including	195.30	196.00	0.70	0.20	10.45	3	0.30	10.94
Including	196.00	197.60	1.60	0.45	1.58	3	0.08	1.75
Including	197.60	198.50	0.90	0.25	4.29	5	0.04	4.41
Including	198.50	199.20	0.70	0.20	2.45	2	0.04	2.54

Notes
Gold Equivalent uses Copper price – US$2.90/lb; Silver price US$16.5/oz and Gold price of US$1300/oz

Table 2.0 – Collar Locations for Kora Exploration Holes

Hole_id	Collar location			Collar orientation		EOH depth (m)	Lode
	Local north	Local East	mRL	Dip	Local azimuth
KMDD0089	59001.45	29875.57	1187.33	-47.63	244.90	279.2	Kora
KMDD0091	59002.42	29876.04	1192.33	62.80	223.52	184.6	Kora
KMDD0093	59001.18	29876.03	1191.58	41.24	196.79	203.0	Kora

The current Kora/Eutompi inferred resource, as defined by previous drilling and prior to the discovery of the northern extension of Kora by K92, 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 table 3.0 below) and is open for expansion at depth and in both directions along strike.