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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
Comment by ITSTHELAWon May 21, 2020 9:09am
292 Views
Post# 31055291

RE:Very Important Question and Answer

RE:Very Important Question and AnswerAnd...
Dramatically Expanding Resource And High-Grade Production We currently have 3 underground drill rigs that are going to continue drilling all of this year and next year. But we just acquired a 4th rig, which means starting in June we will have 4 drills turning. And we are going to restart drilling on surface very soon, which means that we will have an additional 2 drill rigs on surface for a total of 6 rigs drilling the property full time. That will mean we are potentially doubling the strike length of the resource. And quite frankly we don’t know how deep it goes because every hole that we’ve drilled at depth has come up with more mineralization. What we do know is that we are open at depth and to the side and we’ve got the rigs to keep drilling, so we will be dramatically expanding the resource and production as those drill rigs continue hitting high-grade gold mineralization.” K92, symbol KNT in Canada and KNTNF in the US.
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Bullboard Posts