K92 Mining Inc T.KNT

From CEO.CA chat

[goldboy1]

From todays K92 NR: John Lewins K92 CEO states, "In just twelve months of underground drilling, K92 has gone from commencing a resource definition program to defining a Measured and Indicated Resource at Kora North of 850,000 tonnes at 14.1 g/t AuEq containing 390,000 AuEq ozs and an Inferred Resource of 1.92 million tonnes at 11.9 g/t AuEq containing 740,000 AuEq ozs. This resource covers under 15% of the total area of 1,000 metres by 1,000 metres that we plan to drill out from underground over the next twelve months. The Measured and Indicated Resources alone represents almost six years of production at current design levels of 50 - 70,000 ozs AuEq. This has been achieved while at the same time establishing a new mining operation on the Kora deposit which is on track to produce 45,000 ozs AuEq for 2018 at a cash cost of less than US$600 per oz AuEq and an AISC of less than US$800 per ounce." $knt