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K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150). Within and surrounding ML 150 is an epithermal vein field consisting of multiple known and highly prospective vein systems: Kora, Irumafimpa, Karempe, Judd, Kora South, Judd South, Mati, Maniape and Arakompa. Mining is focused on the Kora vein system, consisting of two dominant veins and the Judd vein system consisting of four known veins with one vein being mined. There are multiple near-mine infrastructure targets, within the Kora-Kora South, Judd-Judd South and Karempe vein systems.


TSX:KNT - Post by User

Bullboard Posts
Comment by Chauhanon Jan 18, 2018 9:42pm
364 Views
Post# 27390577

RE:North Kora Stopes: AU, CU & DOLLAR Figures

RE:North Kora Stopes: AU, CU & DOLLAR Figures
Lets do some quick and dirty Math.

Kora, per NR, has two veins, K2 and k1. 

k2: Is 4 meters x 4 meters and 200 meters long
k1: is 4 meters x 3 meters and 150 meters long

Here is what we know of K2. Two initial cut and fill stopes were designed, which they started mining in December; 1185 OS and 1185 ON, each is 100 meters long and is being mined in 2 meter cuts, generating approx 2500 tonnes per cut per stope. so...

1185 OS : 100 meters length / 2 meter cuts = 50 cuts x 2500 Tonnes = 125,000 tonnes
1185 ON:  100 meters length/2 meter cuts = 50 cuts x 2500 Tonnes = 125,000 tonnes

125000 +125000 = 250,000 tonnes (That still leaves half of k2 unstoped)

We know that the first head grade of 2000 tonnes yieded 611 oz gold + 25 k Cu

So 2500, if grade holds it would yield = (611x(2500/2000))= 763 OZ per Cut per stope

so, if the grade holds true, the stoped K2 yields: 763 x 100 = 76,300 OZ. 

This doesnt even incude the k1 vein (of which we dont know the grade yet. It doesnt include the Irumpafimpa mining, And even the k2 vein, only half has been shown in my calc. I havent even calculated the copper yied converted to Gold eq. So I cant see why they cant do a 100,000 oz. 

 
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