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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

Comment by BlindBoyon Feb 02, 2021 8:58pm
186 Views
Post# 32454503

RE:RE:RE:Holding up nicely

RE:RE:RE:Holding up nicelyThis doesn't answer your question, but it's probably indicative of their adherence to a step-by-step approach.  Following the initial round of drilling: from their last report on Blue Lake (a bit over a year ago):  "Initial drilling to date has bottomed in mineralization in the distal propylitic zone.  Focus is to vector towards the core of the system / potassic zone
      "Planning an additional fence of drilling on either side   before   deeper targeted drilling."  
Just guessing, but the vectoring (2nd round of drilling) must be well along, and perhaps close to completing? Then a wait for assays?  Then some deeper holes to test the actual porphyry (hit or miss?) .  (pg 43~46 of PP Presentation). 

https://secureservercdn.net/198.71.233.254/l30.7e2.myftpupload.com/wp-content/uploads/2021/01/k92-january-2021-updated-1.pdf

Also to be noted:  some work was done on 2 other porphyries, although I don't see any details yet reported on anything in particular. 
Yompossa (Yanabo) had some drilling done, Yonki had some surface sampling done.     (pg 47 of PP Presentation).
 


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