High Grades, Record Thicknesses From Maiden Surface Step-Out K92 Mining Announces High Grades, Record Thicknesses From Maiden Surface Step-Out Drilling Results at Kora South and Judd South, Airborne Geophysics Defines Extensive New Targets
February 16, 2022
KUDD0001 at Judd South, stepping out 150 m to the south from the nearest historical surface drill hole and the southernmost hole to date, recorded multiple intersections including 15.25 m at 15.87 g/t gold equivalent (“AuEq”) ( 1) or 13.23 g/t Au, 15 g/t Ag and 1.53% Cu from the J1 Vein and 2.90 m at 8.52 g/t AuEq or 5.41 g/t Au, 16 g/t Ag and 1.81% Cu from the J2 Vein. The hole was terminated early, before reaching Kora South due to loss of hole while drilling.
KUDD0001 discovered a significant mineralized dilatant zone at Judd South of 66.55 m at 5.02 g/t AuEq or 3.65 g/t Au, 9 g/t Ag and 0.78% Cu, which includes the J1, J2 Veins and potentially the J3 vein.
KUDD0001 intersected a previously unknown vein, located ~75 m East of Judd South, recording 3.45 m at 10.36 g/t AuEq or 10.09 g/t Au, 20 g/t Ag and 0.01% Cu. Prior K92 and historical drilling had not drilled this far east of Judd / Judd South.
KUDD0002 recorded multiple intersections at Kora South and Judd South including 6.20 m at 17.26 g/t AuEq or 1.62 g/t Au, 151 g/t Ag and 8.56% Cu from K2 Vein; 0.93 m at 36.39 g/t AuEq or 0.06 g/t Au, 93 g/t Ag and 21.88% Cu from the K1 Vein; 5.00 m at 7.99 g/t AuEq or 4.67 g/t Au, 47 g/t Ag and 1.70% Cu from K3 Vein; 0.9 m at 15.43 g/t AuEq or 14.32 g/t Au, 39 g/t Ag and 0.39% from J1 Vein, and; 1.3 m at 16.63 g/t AuEq or 16.60 g/t Au and 0.01% Cu from J2 Vein.
KUDD0002 discovered a significant mineralized dilatant zone at Kora South recording 35.90 m at 5.98 g/t AuEq or 1.42 g/t Au, 47 g/t Ag and 2.48% Cu, which includes the K2 and K3 Veins.
Airborne deep penetrating geophysics program completed over entire ~860 km 2 property, delivering excellent correlation between known mineral deposits and conductive bodies. In particular, the results demonstrate an extensive untested potential strike length to Kora-Kora South and Judd-Judd South vein systems beyond the A1 Porphyry to the southeast for several kilometres. Multiple new vein and porphyry targets on all licenses have also been identified.
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