RE:RE:High Grades, Record Thicknesses From Maiden Surface Step-OutIt's a long news release, but well worth reading carefully.
I think some of the wording is extremely interesting, especially this portion just above the Table:
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The results from the MobileMT geophysics delivered excellent correlation between known mineral deposits and conductive bodies. In particular, the results demonstrate a potential extensive untested strike length to Kora / Kora South and Judd / Judd South vein systems, beyond the A1 porphyry for several kilometres to the southeast. The results also show a possible confluence of the vein systems between Kora / Kora South and Judd / Judd South with the north-northeast Maniape and Arakompa vein systems, representing a highly prospective target.
In addition to the vein targets, known mineralized porphyries were highlighted by geophysics, including A1, Blue Lake, Tankaunan and Timpa.
Core Photos and Figures
Long sections of Kora South and Judd South, showing the location of the latest drill holes reported, are provided in figures 1 and 2, respectively. A cross section of KUDD0001 and KUDD0002 are shown in figures 3 and 4, respectively. A core photograph of the K2 Vein from hole KUDD0002 featuring massive copper sulphide mineralization is shown in figure 5 and closeup core samples from KUDD0001 and KUDD0002 are shown in figure 6. A map from the airborne geophysics program proximal to the Kainantu underground mine is shown in figure 7, and a long section illustrating the Highly Conductive Zone from geophysics is in figure 8.
Chris Muller, K92 Vice President Exploration, stated, "Drilling beyond the boundaries of the Mining Lease on Exploration Lease EL470 has confirmed our interpretation that the high-grade Kora and Judd vein systems persist well to the south. The mineralized Kora and Judd trend, implied by newly acquired sub-surface conductivity data from geophysics, will be tested with an expanded drilling campaign during 2022."
John Lewins, K92 Chief Executive Officer and Director, added, "While this may be one of the smallest batches of drill holes we have released, we believe it is one of the most impactful. Since K92 acquired Kainantu in 2015, there has been a great belief in the potential to the South, as we get closer to the A1 porphyry which is interpreted to be the main heat source for the vein systems.
As Chris Muller highlighted earlier, mineralization remains intense at both Kora South and Judd South, with solid thickness and high grades. Judd South has been highlighted by 15.25 m at 15.87 g/t AuEq in the J1 Vein from KUDD0001 stepping out ~150 metres to the South from the nearest historical drill hole, and Kora South has been highlighted by 6.20 m at 17.26 g/t AuEq from K2 Vein and 0.93 m at 36.39 g/t AuEq from the K1 Vein both from KUDD0002 stepping out ~75 metres to the South from the nearest drill hole. K1 and K2 also delivered very high copper grades, both punctuated with ~1-2 metre veins of massive copper sulphides grading approximately 20% Cu.
The discovery of dilatant zones at both Judd South and Kora South has significant potential in terms of overall endowment and throughput potential, recording 66.55 m at 5.02 g/t AuEq at Judd South and 35.90 m at 5.98 g/t AuEq at Kora South. While it is still early days, we are very pleased that we made the decision to significantly oversize the twin incline that is currently being developed. Based on engineering review, modifications can be made to the conveying system to handle throughputs exceeding 5 million tonnes per annum.
The drill results have also highlighted the potential for multiple productive veins beyond K1, K2 and J1. Results at J2 and K3 delivered solid grades and thicknesses and hole KUDD0001 intersected a previously unknown vein approximately 75 m east of Judd South recording 3.45 m at 10.36 g/t AuEq. Prior K92 and historical drilling had not drilled this far east of Judd / Judd South and plans are underway to test this potential vein system.
The results from the advanced geophysics program has underscored the significant near-mine and regional exploration potential at Kainantu, including the potential for vein mineralization continuing for kilometers from Kora South and Judd South. We strongly believe we are just scratching the surface in both our vein and porphyry exploration programs."