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K92 Mining 在 Kainantu 金矿识别多个近矿基础设施膨胀带并延伸高品位矿段

K92 Mining Announces Multiple New Near-Mine Infrastructure Dilatant Zones Identified and High-Grade Zones Extended

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K92 Mining 公布巴布亚新几内亚 Kainantu 金矿 Kora、Kora South、Judd 和 Judd South 矿床 95 个金刚石钻孔的最新结果,在 Kora 双斜坡道附近识别出两个膨胀带,K1 推断走向长度约 60 米、K2 约 100 米,距当前 950 中段通道约 175 米,具备近期开采潜力。

Why it matters

K92 在 Kainantu 金矿公布 95 个钻孔结果,两个新膨胀带靠近现有基础设施,可据此了解其资源扩展与三期扩建的衔接。

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不列颠哥伦比亚省温哥华,2024年12月3日(GLOBE NEWSWIRE)—— K92 Mining Inc (“ K92 ”或“ 公司 ”)(TSX : KNT; OTCQX : KNTNF) 欣然宣布,其在巴布亚新几内亚Kainantu金矿对Kora、Kora South、Judd和Judd South矿床以及Kora和Judd Deeps目标区持续进行的地表和地下金刚石钻探取得的最新高品位成果。

  • 在Kora双斜坡道附近一处此前钻探稀疏的区域,记录到多个高品位见矿段以及两个宽度扩大的区域(被认定为膨胀带)。所识别的膨胀带是首批以较大钻探密度进行钻探的膨胀带,显示出K1约60米、K2约100米的大型推断走向长度,为规模化采矿提供了很高潜力(950中段平面图见图4,K1和K2纵剖面图见图1和图2)。这些膨胀带还位于矿山基础设施附近,距当前950中段巷道开拓约175米以南,使近期采矿成为可能。重要的是,这些膨胀带位于矿产资源估算(2023年9月12日生效日期,“2023 MRE”)和更新综合开发计划PEA方案(2024年1月1日生效日期,“Updated IDP”)中此前被解释为窄矿脉的区域,同时还记录到多个高品位见矿段。
    • K2膨胀带见矿段:
      • KMDD0752:13.50米,金当量(“AuEq”)19.02克/吨 (2)(金14.93克/吨,银199克/吨,铜1.00%)
      • KMDD0746:14.40米,AuEq 12.09克/吨(金9.58克/吨,银54克/吨,铜1.15%)
      • KMDD0709:12.14米,AuEq 5.97克/吨(金4.73克/吨,银7克/吨,铜0.72%)
      • KMDD0751:9.50米,AuEq 7.00克/吨(金2.26克/吨,银42克/吨,铜2.63%)
    • K1膨胀带见矿段:
      • KMDD0709:16.10米,AuEq 15.63克/吨(金11.48克/吨,银40克/吨,铜2.28%)
      • KMDD0743:14.05米,AuEq 5.56克/吨(金3.14克/吨,银56克/吨,铜1.07%)
      • KMDD0692:8.90米,AuEq 8.60克/吨(金3.73克/吨,银81克/吨,铜2.41%)
      • KMDD0712:7.25米,AuEq 5.58克/吨(金3.05克/吨,银77克/吨,铜0.98%)
    • 高品位见矿段:
      • KMDD0698A:8.15米,AuEq 24.49克/吨(金24.00克/吨,银16克/吨,铜0.18%)
      • KMDD0775:4.00米,AuEq 15.58克/吨(金11.53克/吨,银44克/吨,铜2.19%)
      • KMDD0715:6.00米,AuEq 9.73克/吨(金4.75克/吨,银49克/吨,铜2.72%)
      • KMDD0775:4.60米,AuEq 8.73克/吨(金2.77克/吨,银28克/吨,铜3.49%)
  • Kora 的 K1 和 K2 矿脉内的高品位区从主矿区向上倾方向延伸,多个区域超过资源模型品位,包括:
    • K1 矿脉高品位延伸段,自主地下采区向上倾方向延伸:
      • KMDD0753: 10.60 米,品位 34.57 克/吨 AuEq (27.85 克/吨 Au、37 克/吨 Ag、3.91% Cu)
      • KMDD0702: 4.37 米,品位 33.27 克/吨 AuEq (32.16 克/吨 Au、10 克/吨 Ag、0.61% Cu)
      • KMDD0705: 5.30 米,品位 25.67 克/吨 AuEq (24.99 克/吨 Au、3 克/吨 Ag、0.40% Cu)
      • KMDD0726: 7.16 米,品位 9.79 克/吨 AuEq (7.07 克/吨 Au、8 克/吨 Ag、1.64% Cu)
    • K2 矿脉高品位延伸段,自主地下采区向上倾方向延伸:
      • KMDD0754: 9.35 米,品位 13.70 克/吨 AuEq (11.51 克/吨 Au、12 克/吨 Ag、1.27% Cu)
      • KMDD0705: 6.60 米,品位 10.76 克/吨 AuEq (7.27 克/吨 Au、12 克/吨 Ag、2.08% Cu)
      • KMDD0714: 9.50 米,品位 9.53 克/吨 AuEq (8.05 克/吨 Au、5 克/吨 Ag、0.89% Cu)
      • KMDD0720: 6.66 米,品位 8.41 克/吨 AuEq (6.32 克/吨 Au、21 克/吨 Ag、1.14% Cu)
  • Judd 的 J1 矿脉在主矿区上倾方向记录了高品位矿带的延伸,其中若干区域报告的品位显著高于 2023 年矿产资源估算(MRE),该估算当时基于稀疏钻探。此外,在 Judd Deeps 现有资源范围之外以及沿走向两个方向上,识别出多个高品位见矿段:
     
    • J1 矿脉自主要地下采区上倾方向的高品位延伸:
      • JDD0251: 5.00 米,品位 178.59 克/吨金当量 (177.69 克/吨金、2 克/吨银、0.54% 铜)
      • JDD0258: 3.95 米,品位 51.67 克/吨金当量 (50.06 克/吨金、24 克/吨银、0.81% 铜)
      • JDD0263: 7.38 米,品位 7.66 克/吨金当量 (6.87 克/吨金、14 克/吨银、0.38% 铜)
    • J1 矿脉在 Judd Deeps 及资源范围以北的高品位见矿段:
      • KMDD0729: 1.30 米,品位 23.33 克/吨金当量 (16.77 克/吨金、52 克/吨银、3.69% 铜)
      • JDD0261: 1.70 米,品位 23.20 克/吨金当量 (21.63 克/吨金、42 克/吨银、0.65% 铜)
      • JDD0265: 2.20 米,品位 15.24 克/吨金当量 (6.39 克/吨金、78 克/吨银、4.91% 铜)
      • JDD0266: 3.47 米,品位 11.88 克/吨金当量 (11.41 克/吨金、9 克/吨银、0.22% 铜)

注:
(1) 上述钻探亮点所示为核心长度(非真厚度)。参见表1至表3。
(2) 金当量(AuEq)勘探成果采用长期大宗商品价格计算,其中铜价为4.00美元/磅,银价为22.5美元/盎司,金价为1,750美元/盎司。

K92首席执行官兼董事John Lewins表示,“Kora和Judd的最新钻探结果再次证实,资源扩展潜力非常显著,并且随着钻探密度的增加,在厚度和品位方面均有显著机会提升多个区域。主矿区Kora和Judd的高品位矿带向上倾方向延伸,加上在双斜坡道区域识别出两个新的膨胀带,这尤其重要,因为它们靠近现有矿山基础设施,为第三阶段扩建的 ramp-up 提供了近期和中期的效益。这也是首次以高钻探密度对膨胀带进行钻探,展示了大规模采矿的 substantial strike lengths——这些区域已被纳入我们的矿山计划。

我们认为,我们控制着一个大型金铜矿区,而目前我们才刚刚触及它的表面。除了在Kora-Kora South和Judd-Judd South的勘探外,Arakompa的勘探在过去一年中大幅扩展,目前有四台钻机在作业。我们期待在适当时候提供最新进展。”

最近从地表和地下完成的95个金刚石钻孔结果汇总于下表。这些结果继续证明了Kora-Kora South和Judd-Judd South矿脉系统的高品位、连续性和扩展潜力。交切点主要集中在垂直方向上增加钻探密度,同时也针对沿走向向南和向北的资源扩展。

Kora-Kora South(包括 Kora Deeps)的所有钻孔均见矿化,其中 21 个见矿段超过 10 克/吨金当量,67 个见矿段超过 5 克/吨金当量。在 Judd-Judd South(包括 Judd Deeps),所有钻孔均见矿化,其中 11 个见矿段超过 10 克/吨金当量,24 个见矿段超过 5 克/吨金当量。

数据

K1、K2 和 J1 的长剖面分别见图 1、图 2 和图 3,其中显示了最新钻孔的位置。

图4提供了显示950中段K1和K2的平面图。

图5展示了迄今为止Kora钻探的长剖面。

图6提供了迄今为止显示Judd钻探情况的长剖面图。

提供了钻孔JDD0251的岩心照片,见图7;KMDD0753的岩心照片见图8;KMDD0702的岩心照片见图9。

 
表1
Kainantu金矿——Kora地下金刚石钻探的重要见矿段
 
钻孔编号 自(米) 至(米) 区间
(米)
真宽度
(米)
金 克/吨 银 克/吨 铜 % 金当量 矿脉
KMDD0692 113.00 121.90 8.90 8.13 3.73 81 2.41 8.60 K1
KMDD0692 146.30 154.00 7.70 7.07 2.01 13 0.21 2.51 K2
KMDD0653A 150.00 152.72 2.72 0.84 0.46 33 0.05 0.96 K2
KMDD0653A 194.00 195.82 1.82 0.56 1.87 44 0.05 2.50 K3
KMDD0687A 180.87 181.30 0.43 0.39 1.59 6 0.87 3.06  
KMDD0687A 171.45 174.62 3.17 2.88 0.38 11 0.47 1.27 K2
KMDD0687A 167.65 168.05 0.40 0.36 1.40 6 0.08 1.60  
KMDD0687A 163.80 164.86 1.06 0.96 0.68 3 0.88 2.13  
KMDD0687A 119.80 122.05 2.25 2.04 5.92 1 0.13 6.15 KL
KMDD0687A 101.40 107.90 6.50 5.90 0.33 2 0.86 1.74 K1
KMDD0696A 117.75 119.45 1.70 1.57 3.56 1 0.11 3.74 K1
KMDD0696A 171.35 171.76 0.41 0.38 1.63 5 0.14 1.92 K2
KMDD0696A 187.36 190.27 2.91 2.71 0.08 3 1.93 3.22  
KMDD0701A 100.10 105.00 4.90 4.26 2.21 5 1.34 4.43 K1
KMDD0701A 130.00 136.20 6.20 5.97 1.22 4 0.48 2.04 K2
KMDD0710 97.00 101.60 4.60 1.83 5.08 20 1.05 7.01 K1
KMDD0710 110.00 120.70 10.70 4.26 1.14 78 4.71 9.66 K2
KMDD0710 145.10 149.80 4.70 1.86 0.27 46 0.55 1.73 K3
KMDD0702 125.40 129.77 4.37 3.50 32.16 10 0.61 33.27 K1
KMDD0702 129.77 139.30 9.53 7.62 1.29 3 0.47 2.09 KL
KMDD0702 139.30 142.90 3.60 2.88 1.11 6 0.95 2.70 K2
KMDD0702 157.20 159.33 2.13 1.70 6.08 65 1.20 8.83 K3
KMDD0714 124.85 126.35 1.50 1.29 8.15 11 0.53 9.14 K1
KMDD0714 142.00 151.50 9.50 8.30 8.05 5 0.89 9.53 K2
KMDD0714 186.15 188.10 1.95 1.76 1.09 11 1.57 3.75 K3
KMDD0703 66.33 70.25 3.92 3.46 2.76 60 0.53 4.37 K2
KMDD0700 95.00 97.00 2.00 1.95 0.33 5 1.08 2.12 K1
KMDD0700 106.50 107.05 0.55 0.54 2.93 12 4.34 10.04 K1HW
KMDD0700 117.20 118.10 0.90 0.88 5.19 52 0.63 6.85  
KMDD0700 131.00 138.00 7.00 6.82 0.27 5 0.49 1.12 K2
KMDD0700 142.00 147.55 5.55 5.41 0.93 10 0.81 2.36 K3
KMDD0698A 136.00 138.66 2.66 1.94 3.05 3 0.26 3.50 K1FW
KMDD0698A 142.55 150.70 8.15 5.92 24.00 16 0.18 24.49 K1
KMDD0698A 180.35 182.00 1.65 1.19 11.32 4 0.59 12.33 KL
KMDD0698A 192.55 195.45 2.90 2.08 4.98 82 1.95 9.13 K2
KMDD0698A 204.10 204.40 0.30 0.21 6.23 164 10.26 24.73 K2HW
KMDD0698A 213.00 229.25 16.25 11.56 0.78 16 0.42 1.66 K3
KMDD0716 216.12 221.00 4.88 4.79 2.50 8 0.51 3.41 K1
KMDD0716 221.00 227.50 6.50 6.38 0.81 14 1.55 3.47 K2
KMDD0715 216.00 222.00 6.00 5.91 4.75 49 2.72 9.73 K1
KMDD0715 229.50 232.40 2.90 2.86 0.48 10 1.60 3.17 K2
KMDD0711 65.15 67.80 2.65 2.52 3.35 15 0.50 4.34 J12
KMDD0711 178.83 187.00 8.17 7.53 3.03 23 0.48 4.10 K1
KMDD0711 194.30 198.35 4.05 3.73 5.07 6 0.65 6.19  
KMDD0711 215.73 221.20 5.47 5.01 1.44 8 0.59 2.49 K2
KMDD0713 250.80 256.20 5.40 1.10 1.30 15 0.93 2.99 K1
KMDD0713 262.80 271.58 8.78 0.70 1.01 19 2.32 4.97 K2
KMDD0705 131.30 136.60 5.30 4.32 24.99 3 0.40 25.67 K1
KMDD0705 140.20 146.80 6.60 5.38 7.27 12 2.08 10.76 K2
KMDD0699 123.80 131.05 7.25 5.43 1.30 42 0.38 2.43 K1FW
KMDD0699 131.05 137.47 6.42 4.79 6.94 39 0.17 7.69 K1
KMDD0699 141.60 144.26 2.66 1.98 1.23 13 2.32 5.11 K1HW
KMDD0721 184.20 197.00 12.80 8.38 3.68 11 1.87 6.82 K1
KMDD0721 209.10 214.45 5.35 3.51 0.40 18 1.25 2.62 K2
KMDD0721 141.50 141.80 0.30 0.19 0.39 14 5.60 9.55  
KMDD0718 38.58 38.90 0.32 0.29 3.79 10 0.40 4.56  
KMDD0718 73.28 73.75 0.47 0.43 0.43 45 2.70 5.32 J1
KMDD0718 110.40 111.55 1.15 1.06 6.46 18 1.92 9.75  
KMDD0718 245.30 249.60 4.30 3.98 4.50 16 1.74 7.49 K1
KMDD0718 253.80 262.60 8.80 8.16 0.84 31 2.56 5.33 K2
KMDD0720 127.39 129.15 1.76 1.41 12.54 7 0.98 14.21 K1FW
KMDD0720 143.90 145.00 1.10 0.88 0.61 3 0.20 0.96 K1
KMDD0720 152.50 159.16 6.66 5.33 6.32 21 1.14 8.41 K2
KMDD0720 162.94 164.10 1.16 0.93 0.38 11 2.18 4.02 K2HW
KMDD0709 125.50 141.60 16.10 12.26 11.48 40 2.28 15.63 K1
KMDD0709 144.66 144.80 0.14 0.11 2.32 185 0.75 5.84  
KMDD0709 147.00 153.90 6.90 5.23 2.23 37 0.71 3.83 KL
KMDD0709 157.50 157.85 0.35 0.26 5.75 6 0.47 6.58  
KMDD0709 159.66 171.80 12.14 9.18 4.73 7 0.72 5.97 K2
KMDD0704 79.75 80.55 0.80 0.64 0.13 52 1.46 3.12 K2
KMDD0727 72.75 76.76 4.01 3.53 1.65 24 1.02 3.59 J1
KMDD0722 86.84 88.86 2.02 0.64 2.20 101 0.69 4.57 K1
KMDD0722 156.55 158.90 2.35 0.78 4.60 16 1.64 7.43 K2
KMDD0717 57.15 57.74 0.59 0.56 0.58 13 0.42 1.41  
KMDD0717 77.70 79.70 2.00 1.92 2.63 7 0.49 3.51 J1
KMDD0717 222.40 228.90 6.50 6.38 3.29 22 1.23 5.55 K2
KMDD0731 145.50 146.65 1.15 0.65 1.08 19 2.72 5.68 K1FW
KMDD0731 205.30 213.50 8.20 4.86 5.01 7 1.19 7.01 K1
KMDD0731 220.00 221.00 1.00 0.60 0.39 6 1.76 3.28 KL
KMDD0731 227.50 233.60 6.10 3.65 0.82 21 1.53 3.54 K2
KMDD0731 257.20 260.80 3.60 2.18 0.31 13 0.73 1.64 K2HW
KMDD0724 6.53 8.60 2.07 2.04 0.38 16 0.68 1.68  
KMDD0724 56.64 63.50 6.86 5.33 0.11 8 0.96 1.75 K1FW
KMDD0724 71.96 73.66 1.70 1.31 1.67 49 5.00 10.29 K1
KMDD0724 96.24 104.00 7.76 5.97 0.25 10 0.42 1.05 K2
KMDD0726 3.40 5.45 2.05 1.02 0.47 13 0.38 1.25  
KMDD0726 17.40 17.70 0.30 0.15 1.29 20 0.35 2.10  
KMDD0726 196.60 196.73 0.13 0.08 3.25 42 3.31 9.08  
KMDD0726 208.00 209.45 1.45 0.86 5.20 4 0.98 6.82  
KMDD0726 213.87 221.03 7.16 4.24 7.07 8 1.64 9.79 K1
KMDD0726 223.40 239.60 16.20 9.69 1.08 27 1.56 3.91 K2
KMDD0726 256.33 257.05 0.72 0.43 0.93 56 6.11 11.43  
KMDD0723 221.55 234.30 12.75 1.21 4.21 20 0.18 4.77 K1
KMDD0723 238.60 239.00 0.40 0.04 2.47 420 0.14 7.94 KL
KMDD0723 309.20 325.82 16.62 1.90 0.67 1 0.04 0.74 K2
KMDD0725 8.30 10.55 2.25 2.06 0.18 13 0.41 0.98  
KMDD0725 81.00 91.25 10.25 9.31 0.68 38 3.15 6.20 K2
KMDD0725 134.10 134.47 0.37 0.34 18.72 1310 0.06 35.19  
KMDD0749 73.15 77.55 4.40 2.98 0.15 3 0.09 0.35  
KMDD0749 92.60 97.90 5.30 3.60 1.04 17 4.03 7.70 K1
KMDD0751 197.20 202.10 4.90 4.88 2.07 39 1.56 5.05 K1
KMDD0751 205.60 215.10 9.50 9.47 2.26 42 2.63 7.00 K2
KMDD0750 115.90 127.14 11.24 5.18 0.18 29 3.75 6.56 K1
KMDD0750 130.00 135.00 5.00 2.31 0.07 40 3.95 6.91 K2
KMDD0744 133.18 136.12 2.94 2.31 3.47 2 0.13 3.71 K1
KMDD0744 148.70 152.85 4.15 3.26 1.44 4 0.04 1.55 KL
KMDD0744 159.50 162.40 2.90 2.27 15.96 68 0.15 17.05 K2
KMDD0744 165.80 167.80 2.00 1.57 2.65 33 0.64 4.07 K3
KMDD0729 117.00 118.30 1.30 1.12 16.77 52 3.69 23.33 J1
KMDD0729 255.35 258.00 2.65 2.36 0.98 46 3.56 7.28 K1
KMDD0746 28.95 29.50 0.55 0.50 1.23 1 0.01 1.26  
KMDD0746 61.25 63.94 2.69 2.44 5.67 1 0.03 5.74  
KMDD0746 70.40 76.13 5.73 5.19 1.41 26 0.61 2.72 J1
KMDD0746 202.10 205.30 3.20 3.00 1.59 1 0.01 1.62 K1
KMDD0746 211.90 216.65 4.75 4.45 2.15 18 0.51 3.20 KL
KMDD0746 217.90 232.30 14.40 13.50 9.58 54 1.15 12.09 K2
KMDD0730 184.90 195.25 10.35 6.81 3.19 7 0.93 4.77 K1
KMDD0730 207.00 209.00 2.00 0.99 1.16 21 0.69 2.53 K2
KMDD0742 80.83 81.73 0.90 0.87 1.99 2 0.30 2.50 J1
KMDD0742 143.24 143.50 0.26 0.25 1.58 26 0.91 3.36  
KMDD0742 227.00 230.88 3.88 3.77 5.62 34 0.96 7.59 K2
KMDD0719 74.30 75.00 0.70 0.64 2.05 33 1.57 4.98  
KMDD0719 109.15 110.40 1.25 1.14 1.42 43 0.93 3.45 J1
KMDD0719 248.00 253.76 5.76 5.30 6.07 25 1.30 8.46 K1
KMDD0719 254.70 258.30 3.60 3.31 2.10 25 0.90 3.86 K2
KMDD0719 260.70 260.94 0.24 0.22 1.59 2 0.07 1.73  
KMDD0741 53.75 54.55 0.80 0.75 1.59 11 0.60 2.69  
KMDD0741 85.75 88.70 2.95 2.76 1.75 3 0.39 2.41 J1
KMDD0741 138.40 139.85 1.45 1.36 1.48 28 3.98 8.21  
KMDD0741 219.30 225.45 6.15 5.84 3.25 23 1.77 6.38 K2
KMDD0743 68.70 73.80 5.10 4.70 1.37 10 0.33 2.03 J1
KMDD0743 193.80 207.85 14.05 13.10 3.14 56 1.07 5.56 K1
KMDD0743 210.00 216.13 6.13 5.71 2.58 87 1.26 5.69 KL
KMDD0743 217.40 227.40 10.00 9.32 0.70 7 0.59 1.73 K2
KMDD0747 113.86 114.70 0.84 0.74 1.53 7 0.21 1.96 J1
KMDD0747 251.10 255.80 4.70 4.23 4.59 26 1.94 8.03 K2
KMDD0745 107.10 118.45 11.35 10.10 3.80 3 0.41 4.50 K1
KMDD0745 144.10 151.00 6.90 6.11 0.72 8 0.53 1.68 K2
KMDD0748 74.95 75.55 0.60 0.51 0.83 21 2.32 4.81  
KMDD0748 112.75 118.00 5.25 4.44 0.85 4 0.68 1.98 J1
KMDD0748 263.50 268.15 4.65 3.90 5.64 12 1.37 7.98 K2
KMDD0748 271.15 275.25 4.10 3.44 0.79 22 1.22 3.02  
KMDD0752 77.68 79.30 1.62 1.62 3.50 12 1.77 6.48 J1
KMDD0752 200.00 202.65 2.65 2.63 1.32 3 0.01 1.37 K1
KMDD0752 211.80 225.30 13.50 13.42 14.93 199 1.00 19.02 K2
KMDD0752 230.25 231.20 0.95 0.94 1.32 3 0.00 1.36  
KMDD0753 167.70 168.00 0.30 0.16 0.48 21 2.77 5.18  
KMDD0753 231.56 231.85 0.29 0.15 0.27 7 2.00 3.56  
KMDD0753 237.80 248.40 10.60 5.63 27.85 37 3.91 34.57 K1
KMDD0753 250.00 255.20 5.20 2.76 0.24 13 0.79 1.66 KL
KMDD0753 257.40 263.40 6.00 3.19 2.49 19 1.05 4.42 K2
KMDD0753 270.00 273.00 3.00 1.59 0.36 11 1.35 2.67 K2HW
KMDD0753 291.00 294.30 3.30 1.75 0.31 14 0.30 0.97 K3
KMDD0754 169.70 169.97 0.27 0.15 0.83 31 6.14 11.06 K1FW
KMDD0754 243.10 252.45 9.35 5.35 11.51 12 1.27 13.70 K2
KMDD0754 256.66 270.80 14.14 8.14 0.51 23 1.25 2.80 K2HW
KMDD0754 270.80 288.18 17.38 10.05 0.43 17 0.99 2.23 K3
KMDD0756 43.00 52.40 9.40 8.58 5.33 47 1.88 8.92 K2
KMDD0757 23.70 25.70 2.00 1.82 0.71 2 0.16 1.00 K1
KMDD0757 43.40 49.65 6.25 5.69 3.14 16 0.79 4.60 K2
KMDD0755 26.00 28.95 2.95 2.67 7.76 3 0.58 8.74 K1
KMDD0755 32.77 36.80 4.03 3.65 0.78 2 0.50 1.60 KL
KMDD0755 44.94 52.30 7.36 6.68 1.77 11 0.43 2.61 K2
KMDD0766 54.43 56.00 1.57 1.50 1.04 9 0.07 1.26  
KMDD0766 82.08 84.75 2.67 2.56 0.36 1 0.32 0.89 J1
KMDD0766 224.30 227.50 3.20 3.08 2.99 16 1.08 4.93 K2
KMDD0761 76.27 76.80 0.53 0.44 1.15 16 2.04 4.62  
KMDD0761 123.30 126.40 3.10 2.57 5.67 8 0.16 6.03 J1
KMDD0761 268.00 272.00 4.00 3.38 2.63 17 1.71 5.59 K2
KMDD0761 274.23 277.00 2.77 2.34 0.39 4 1.02 2.08 K2HW
KMDD0761 278.90 283.60 4.70 3.96 0.31 11 0.70 1.57 K3
KMDD0758 18.20 19.00 0.80 0.23 1.36 10 0.29 1.95  
KMDD0758 136.20 137.20 1.00 0.29 0.13 24 2.43 4.33  
KMDD0758 163.70 179.70 16.00 4.73 0.26 7 0.70 1.48 K1
KMDD0758 190.10 192.00 1.90 0.57 0.12 22 1.74 3.17 KL
KMDD0758 203.00 206.80 3.80 1.14 0.14 16 1.24 2.33 K2
KMDD0760 124.60 128.40 3.80 2.96 0.25 8 0.32 0.86 J1
KMDD0760 268.00 271.65 3.65 2.95 0.26 15 1.05 2.15 K1
KMDD0760 279.75 283.30 3.55 2.55 0.71 32 3.04 5.99 K2
KMDD0760 288.00 288.50 0.50 0.40 6.18 48 1.82 9.69 K3
KMDD0712 66.60 68.75 2.15 2.07 2.34 23 0.76 3.85  
KMDD0712 174.45 174.95 0.50 0.48 2.35 7 1.25 4.44  
KMDD0712 180.10 180.50 0.40 0.39 4.16 3 0.46 4.94  
KMDD0712 184.50 191.75 7.25 6.98 3.05 77 0.98 5.58 K1
KMDD0712 194.30 198.20 3.90 3.76 1.69 4 0.87 3.13 KL
KMDD0712 203.25 204.27 1.02 0.98 0.52 23 6.56 11.33  
KMDD0712 206.65 207.50 0.85 0.82 7.05 22 2.63 11.54  
KMDD0712 211.65 219.40 7.75 7.47 0.83 23 0.25 1.51 K2
KMDD0773 99.80 107.36 7.56 6.82 3.15 5 0.39 3.85 K1
KMDD0773 108.10 113.35 5.25 4.74 1.42 5 0.32 1.99 KL
KMDD0773 145.40 153.25 7.85 7.08 0.21 4 0.20 0.57 K2
KMDD0772 119.50 123.53 4.03 3.01 2.89 3 0.14 3.14 K1
KMDD0772 156.58 159.00 2.42 1.79 3.35 6 0.47 4.18 K2
KMDD0774 118.80 124.30 5.50 3.93 5.41 1 0.13 5.64 K1
KMDD0775 18.45 21.00 2.55 2.17 9.65 79 0.45 11.36  
KMDD0775 66.00 68.80 2.80 2.41 0.40 15 0.54 1.46 J12
KMDD0775 106.25 106.75 0.50 0.43 2.59 4 0.16 2.89 J1
KMDD0775 195.30 199.30 4.00 3.59 11.53 44 2.19 15.58 K1
KMDD0775 209.60 218.60 9.00 8.06 0.71 21 1.47 3.34 KL
KMDD0775 221.80 226.40 4.60 4.10 2.77 28 3.49 8.73 K2
 
Table 2
Kainantu Gold Mine – Significant Intercepts from Judd Underground Diamond Drilling
 
Hole ID From (m) To (m) Interval (m) True width (m) Gold g/t Silver g/t Copper % Gold Eq Vein
JDD0240 111.80 114.60 2.80 1.75 6.00 34 2.08 9.75 J1N
JDD0240 105.75 106.90 1.15 0.72 2.68 5 0.02 2.77 J1L
JDD0240 91.00 93.05 2.05 1.28 3.69 4 0.20 4.06 J1
JDD0240 76.83 77.52 0.69 0.43 0.86 6 0.16 1.19  
JDD0240 43.00 45.00 2.00 1.26 4.86 3 0.11 5.07  
JDD0229 85.30 86.66 1.36 0.52 5.08 81 1.27 8.13  
JDD0229 133.75 134.50 0.75 0.29 6.33 162 0.14 8.59  
JDD0229 154.30 155.10 0.80 0.31 0.63 78 2.79 6.09  
JDD0229 168.86 169.37 0.51 0.19 0.41 21 2.53 4.72  
JDD0229 172.10 179.20 7.10 2.71 1.43 80 2.80 6.93 J1
JDD0229 316.60 317.70 1.10 0.42 1.68 8 1.07 3.50 J1L
JDD0241 40.90 41.30 0.40 0.27 1.63 1 0.03 1.69  
JDD0241 42.80 43.37 0.57 0.39 2.32 1 0.04 2.40  
JDD0241 61.55 62.30 0.75 0.51 8.92 1 0.13 9.14 J1
JDD0241 92.00 93.55 1.55 1.05 2.49 56 0.10 3.35  
JDD0241 97.00 102.37 5.37 3.65 2.09 50 0.28 3.16 J1L
JDD0241 109.00 110.00 1.00 0.68 2.00 10 0.35 2.69  
JDD0244 57.95 58.94 0.99 0.56 1.62 1 0.01 1.65 J1HW
JDD0244 64.30 74.80 10.50 5.98 2.86 9 0.47 3.72 J1
JDD0244 98.35 99.25 0.90 0.51 1.10 9 0.10 1.37  
JDD0228 92.18 95.57 3.39 1.90 0.99 27 0.36 1.91  
JDD0228 128.34 142.25 13.91 7.79 0.80 15 0.25 1.40 J1
JDD0228 169.70 178.12 8.42 4.59 0.51 22 0.74 1.98 J1L
JDD0242 64.63 66.15 1.52 1.00 5.94 6 0.11 6.20 J1
JDD0246 98.66 100.90 2.24 1.70 0.84 8 0.15 1.17 J1
JDD0246 117.75 119.20 1.45 1.37 0.24 3 0.05 0.35 J12
JDD0248 62.85 64.70 1.85 2.39 0.12 2 0.05 0.22 J1
JDD0248 126.90 128.32 1.42 2.47 1.65 1 0.02 1.70 J12
JDD0243 27.60 28.00 0.40 0.30 2.89 42 0.41 4.07  
JDD0243 44.34 47.70 3.36 2.51 0.20 27 0.24 0.93  
JDD0243 56.60 57.13 0.53 0.40 1.51 79 0.06 2.59  
JDD0243 111.33 111.64 0.31 0.24 1.29 33 0.79 2.97  
JDD0243 145.68 150.00 4.32 3.32 0.75 19 1.05 2.67 J1
JDD0243 156.00 157.47 1.47 1.13 0.69 41 1.42 3.49 J1FW
JDD0243 189.78 190.00 0.22 0.17 0.78 37 6.26 11.28 J1L
JDD0243 203.00 203.70 0.70 0.55 94.52 159 2.10 99.89  
JDD0250 29.28 31.35 2.07 2.01 0.35 4 0.08 0.53 J12
JDD0250 44.08 47.10 3.02 2.93 0.16 3 0.11 0.37 J1
JDD0249 35.60 37.16 1.56 1.48 0.33 3 0.07 0.48 J12
JDD0249 47.00 49.07 2.07 1.96 1.94 6 0.13 2.23 J1
JDD0253 39.22 46.50 7.28 5.93 0.58 3 0.29 1.07 J12
JDD0253 56.62 59.60 2.98 2.43 0.96 4 0.05 1.10 J1
JDD0253 71.20 71.50 0.30 0.25 0.36 30 3.55 6.43  
JDD0247 104.78 108.90 4.12 3.28 1.42 12 0.34 2.12 J1
JDD0253A 121.00 122.14 1.14 0.66 0.06 1 0.01 0.08 J12
JDD0253A 141.45 143.30 1.85 1.61 1.51 20 1.03 3.42 J1
JDD0251 56.00 57.00 1.00 0.62 1.43 19 0.05 1.75  
JDD0251 105.00 106.00 1.00 0.62 1.83 14 0.06 2.10  
JDD0251 123.30 123.90 0.60 0.37 2.63 15 0.19 3.12  
JDD0251 152.00 157.00 5.00 3.08 177.69 2 0.54 178.59 J1
JDD0251 163.00 165.00 2.00 1.22 53.21 138 2.44 58.83 J1L
JDD0251 175.30 176.20 0.90 0.55 2.21 1 0.28 2.67 J1N
JDD0255 117.18 119.92 2.74 2.48 2.34 6 0.44 3.12 J12
JDD0255 139.25 140.89 1.64 1.48 3.71 33 0.11 4.31 J1
JDD0252 122.00 123.50 1.50 0.93 48.60 1 0.06 48.71  
JDD0252 136.40 138.45 2.05 1.26 2.32 7 0.33 2.95  
JDD0252 165.65 172.33 6.68 4.05 0.46 2 0.30 0.96 J1
JDD0252 185.60 188.07 2.47 1.47 1.88 7 0.63 2.98 J1L
JDD0252 198.10 199.70 1.60 0.94 0.68 25 2.24 4.59  
JDD0257 139.85 141.40 1.55 1.05 9.43 1 0.13 9.65 J1
JDD0257 157.23 162.60 5.37 3.65 0.77 9 0.78 2.13 J1L
JDD0257 187.34 192.20 4.86 3.34 1.09 41 0.05 1.68 J1FW
JDD0254 123.45 127.60 4.15 4.09 5.71 30 0.91 7.55 J1
JDD0258 133.08 137.03 3.95 2.45 50.06 24 0.81 51.67 J1
JDD0258 156.75 161.60 4.85 3.01 24.37 96 2.26 29.19 J1L
JDD0258 170.10 173.50 3.40 2.11 2.88 12 0.55 3.90  
JDD0260 20.60 22.75 2.15 2.00 2.08 9 0.49 2.97 J12
JDD0260 37.00 39.20 2.20 2.05 1.21 14 3.22 6.55 J1
JDD0259 51.60 52.55 0.95 0.63 2.64 10 0.12 2.96  
JDD0259 76.05 76.50 0.45 0.30 2.47 117 3.99 10.33  
JDD0259 100.12 101.37 1.25 0.83 2.81 9 0.02 2.95  
JDD0259 111.60 112.65 1.05 0.70 4.14 2 0.21 4.50  
JDD0259 133.80 134.60 0.80 0.53 4.34 18 0.07 4.68  
JDD0259 155.60 156.26 0.66 0.44 1.63 46 0.95 3.73 J1
JDD0259 184.80 189.85 5.05 3.38 2.06 21 0.55 3.21 J1L
JDD0259 196.73 198.00 1.27 0.85 1.75 23 0.24 2.41  
JDD0259 206.60 207.60 1.00 0.67 1.46 15 1.12 3.44  
JDD0261 67.30 69.00 1.70 1.17 21.63 42 0.65 23.20 J1
JDD0262 92.00 93.40 1.40 1.09 24.90 48 0.66 26.54  
JDD0262 130.80 135.90 5.10 4.12 2.29 16 0.94 4.01 J1
JDD0262 136.56 139.87 3.31 2.68 0.69 11 0.76 2.04 J1L
JDD0266 29.00 30.50 1.50 0.91 7.75 13 2.59 12.05 J12
JDD0266 77.14 80.61 3.47 2.09 11.41 9 0.22 11.88 J1
JDD0267 46.67 47.50 0.83 0.61 1.20 17 0.12 1.61  
JDD0267 96.85 98.10 1.25 0.92 3.74 38 0.58 5.15  
JDD0267 118.00 119.30 1.30 0.96 1.26 2 0.03 1.33  
JDD0267 126.60 129.78 3.18 2.34 3.24 9 0.13 3.56 J1
JDD0267 142.00 142.79 0.79 0.58 1.70 10 0.00 1.83  
JDD0267 148.00 149.76 1.76 1.30 1.18 27 0.20 1.84 J1L
JDD0267 172.60 174.00 1.40 1.03 0.81 42 1.45 3.67 J1FW
JDD0267 181.50 182.10 0.60 0.44 2.44 14 1.86 5.60  
JDD0256 131.75 132.70 0.95 0.49 1.72 8 0.69 2.92  
JDD0256 141.10 143.10 2.00 1.03 5.02 5 0.08 5.20  
JDD0256 152.15 152.60 0.45 0.23 25.60 40 6.64 36.75  
JDD0256 169.45 169.80 0.35 0.18 1.23 19 0.61 2.45  
JDD0256 191.90 192.80 0.90 0.46 2.98 5 0.25 3.45  
JDD0256 201.40 209.84 8.44 4.36 0.74 3 0.20 1.10 J1
JDD0256 217.40 218.20 0.80 0.41 1.92 43 0.55 3.34  
JDD0256 224.00 225.70 1.70 0.87 8.03 46 5.25 17.03 J1L
JDD0263 30.00 30.80 0.80 0.63 2.59 11 0.01 2.74  
JDD0263 54.10 54.40 0.30 0.24 1.20 47 3.21 6.94  
JDD0263 106.60 107.10 0.50 0.40 4.02 1 0.14 4.26  
JDD0263 120.40 120.80 0.40 0.32 4.26 3 0.05 4.38  
JDD0263 128.10 135.48 7.38 5.84 6.87 14 0.38 7.66 J1
JDD0265 29.23 30.00 0.77 0.53 1.97 14 2.34 5.90 J12
JDD0265 56.80 59.00 2.20 1.51 6.39 78 4.91 15.24 J1
JDD0270 39.62 40.70 1.08 0.61 2.17 2 0.04 2.27 J12
JDD0270 80.70 84.45 3.75 2.18 4.64 8 0.74 5.93 J1
 
Table 3
Kainantu Gold Mine – Significant Intercepts from Kora South, Judd and Judd South Surface Diamond Drilling
 
Hole ID From (m) To (m) Interval (m) True width (m) Gold g/t Silver g/t Copper % Gold Eq Vein
KUDD0065 145.90 146.90 1.00 0.67 0.35 52 0.04 1.08 K2HW
KUDD0065 148.20 153.60 5.40 3.62 0.62 79 0.12 1.84 K2
KUDD0065 199.30 200.10 0.80 0.54 2.42 11 0.61 3.52 K1FW
KUDD0065 210.30 217.00 6.70 4.49 0.58 10 0.35 1.25 KLS
KUDD0065 226.30 233.00 6.70 4.49 0.39 22 2.68 4.89 KLSFW
KUDD0066 190.10 191.00 0.90 0.47 0.58 195 0.08 3.23 K2
KUDD0066 226.40 228.20 1.80 0.94 0.27 20 0.01 0.55 K1
KUDD0066 252.40 259.00 6.60 3.43 0.71 66 2.06 4.78 KLS
KUDD0066 197.10 197.80 0.70 0.36 0.04 94 0.01 1.28 K2FW
KUDD0067 167.50 169.70 2.20 1.14 0.20 32 2.48 4.49 K2FW
KUDD0067 217.70 220.00 2.30 1.20 0.60 29 9.08 15.21 K2HW
KUDD0067 203.10 209.30 6.20 3.22 0.08 51 1.76 3.50 K2
KUDD0067 107.70 110.00 2.30 1.20 0.49 42 1.09 2.74 K1
KUDD0067 87.50 89.70 2.20 1.14 1.04 7 0.26 1.54 K1FW
KUDD0067 133.70 137.30 3.60 1.87 1.54 5 0.31 2.08 K1HW
KUDD0068 136.80 137.20 0.40 0.21 0.02 15 0.65 1.23 K2HW
KUDD0068 114.60 115.10 0.50 0.27 20.91 16 0.06 21.21 K2FW
KUDD0068 117.60 119.70 2.10 1.11 5.26 67 3.48 11.57 K2
KUDD0068 99.60 106.40 6.80 3.60 1.39 118 6.18 12.60 K1
KUDD0068 111.00 112.00 1.00 0.53 0.51 19 0.87 2.12 K1HW
KUDD0069 179.20 187.70 8.50 2.47 1.66 50 4.41 9.21 K2
KUDD0069 134.40 147.20 12.80 3.71 0.19 16 1.14 2.18 K1
KUDD0070 141.00 149.00 8.00 3.28 0.43 121 2.58 6.04 K1
KUDD0070 160.00 178.00 18.00 7.38 0.38 24 2.04 3.89 K2
 
Table 4
Kainantu Gold Mine – Collar Locations for Kora and Judd Surface and Underground Drilling
 
Hole ID
 
Collar location   Collar orientation Lode
 
Local North Local East mRL Dip Local azimuth EOH depth (m)
JDD0228 58022 29845 1226 15 141 300 Judd
JDD0229 58022 29845 1228 32 140 338 Judd
JDD0240 58643 29934 1343 27 133 138 Judd
JDD0241 58645 29934 1151 35 90 140 Judd
JDD0242 58645 29934 1343 34 73 110 Judd
JDD0243 58028 29845 1225 -51 92 227 Judd
JDD0244 58646 29934 1343 28 55 122 Judd
JDD0246 58827 30014 904 35 305 194 Judd
JDD0247 58826 30014 905 42 268 168 Judd
JDD0248 58825 30013 904 27 237 180 Judd
JDD0249 58867 29918 1112 -5 115 82 Judd
JDD0250 58867 29919 1112 -4 85 116 Judd
JDD0251 58648 29887 1334 8 248 190 Judd
JDD0252 58647 29886 1334 18 142 212 Judd
JDD0253 58870 29915 1112 0 64 95 Judd
JDD0253A 58858 29846 1111 -38 91 95 Judd
JDD0254 58858 29846 1111 -21 97 145 Judd
JDD0255 58858 29846 1111 -28 80 141 Judd
JDD0256 58647 29886 1335 29 141 241 Judd
JDD0257 58648 29887 1336 40 107 208 Judd
JDD0258 58651 29888 1335 40 81 196 Judd
JDD0259 58650 29887 1335 35 125 228 Judd
JDD0260 58939 29940 1122 2 113 49 Judd
JDD0261 58940 29939 1121 -53 116 112 Judd
JDD0262 58650 29887 1334 16 128 176 Judd
JDD0263 58648 29886 1335 35 94 161 Judd
JDD0265 58942 29941 1122 4 52 110 Judd
JDD0266 58942 29940 1120 -39 49 121 Judd
JDD0267 58650 29887 1335 33 106 182 Judd
JDD0270 58941 29941 1122 -16 41 129 Judd
KMDD0653A 58022 29839 1224 -30 209 253 Kora
KMDD0687A 59006 29948 898 28 285 216 Kora
KMDD0692 58758 29895 910 20 253 154 Kora
KMDD0696A 59006 29948 897 13 301 234 Kora
KMDD0698A 58951 29939 898 25 236 231 Kora
KMDD0699 58950 29939 897 13 237 182 Kora
KMDD0700 58760 29895 909 14 282 165 Kora
KMDD0701A 58759 29895 909 14 265 156 Kora
KMDD0702 58648 29926 1344 39 288 197 Kora
KMDD0703 58025 29838 1227 33 276 153 Kora
KMDD0704 58025 29838 1225 -33 275 200 Kora
KMDD0705 58647 29926 1344 42 265 188 Kora
KMDD0709 58758 29895 909 11 238 187 Kora
KMDD0710 58025 29839 1224 -61 271 197 Kora
KMDD0711 58744 29965 905 20 284 250 Kora
KMDD0712 58742 29965 905 20 266 239 Kora
KMDD0713 58025 29839 1224 -77 263 327 Kora
KMDD0714 58644 29926 1344 37 246 196 Kora
KMDD0715 58623 29963 906 5 266 243 Kora
KMDD0716 58623 29963 907 14 262 2307 Kora
KMDD0717 58623 29963 907 24 268 271 Kora
KMDD0718 58615 29983 906 8 253 278 Kora
KMDD0719 58615 29983 906 17 253 274 Kora
KMDD0720 58644 29926 1343 33 239 180 Kora
KMDD0721 58643 29927 1343 30 225 226 Kora
KMDD0722 58022 29840 1228 45 204 296 Kora
KMDD0723 58023 29840 1224 -62 210 367 Kora
KMDD0724 58215 29839 1225 42 288 1225 Kora
KMDD0725 58215 29838 1222 -15 288 135 Kora
KMDD0726 58643 29927 1343 27 216 291 Kora
KMDD0727 58741 29965 905 20 248 274 Kora
KMDD0729 58615 29983 906 3 247 274 Kora
KMDD0730 58643 29927 1342 20 224 239 Kora
KMDD0731 58643 29927 1342 17 218 278 Kora
KMDD0741 58622 29963 906 4 257 245 Kora
KMDD0742 58623 29963 907 19 263 249 Kora
KMDD0743 58741 29965 905 19 258 241 Kora
KMDD0744 58936 29932 1121 -28 248 174 Kora
KMDD0745 58936 29932 1121 -20 261 172 Kora
KMDD0746 58741 29965 905 21 250 267 Kora
KMDD0747 58615 29983 906 18 137 258 Kora
KMDD0748 58615 29983 907 21 248 288 Kora
KMDD0749 58215 29838 1221 -38 290 183 Kora
KMDD0750 58214 29839 1222 -52 290 215 Kora
KMDD0751 58623 29963 906 4 272 253 Kora
KMDD0752 58623 29963 907 13 273 244 Kora
KMDD0753 58643 29927 1342 19 211 353 Kora
KMDD0754 58643 29927 1342 8 211 349 Kora
KMDD0755 58623 29963 907 19 263 78 Kora
KMDD0756 58722 29820 1135 -17 267 62 Kora
KMDD0757 58707 29817 1135 -19 270 76 Kora
KMDD0758 58215 29839 1221 -67 286 304 Kora
KMDD0760 58615 29983 906 8 242 298 Kora
KMDD0761 58615 29983 907 16 242 315 Kora
KMDD0766 58622 29963 907 14 257 239 Kora
KMDD0772 58937 29933 1120 -31 270 166 Kora
KMDD0773 58937 29934 1121 -20 276 172 Kora
KMDD0774 58938 29932 1121 -31 302 158 Kora
KMDD0775 58623 29965 905 -17 263 261 Kora
KUDD0065 57961 29736 1857 -48 085 262 Kora South
KUDD0066 57961 29736 1857 -58 111 280 Kora South
KUDD0067 58095 29881 1848 -72 248 277 Kora South
KUDD0068 58095 29881 1848 -58 306 138 Kora South
KUDD0069 58099 29881 1835 -73 303 258 Kora South
KUDD0070 58099 29882 1833 -66 320 261 Kora South
 
Table 5
Kora and Judd Mineral Resource Estimate (Effective Date September 12, 2023, 3 g/t gold equivalent cut-off)
 
  Tonnes Gold Silver Copper AuEq
  Mt g/t moz g/t moz % kt g/t moz
Kora                  
Measured 3.7 8.74 1.0 20.5 2.5 1.21 45.0 10.96 1.3
Indicated 3.1 6.99 0.7 21.9 2.2 1.31 41.3 9.40 1.0
Total M&I 6.9 7.94 1.8 21.1 4.7 1.25 86.2 10.24 2.3
Inferred 14.3 5.60 2.6 28.7 13.2 1.62 231.2 8.60 3.9
                   
Judd                  
Measured 0.4 9.05 0.12 19.0 0.25 0.80 3.2 10.58 0.14
Indicated 0.8 6.37 0.17 15.6 0.42 0.73 6.2 7.76 0.21
Total M&I 1.2 7.24 0.29 16.7 0.67 0.75 9.4 8.68 0.35
Inferred 2.3 6.27 0.45 15.8 1.15 0.76 17.2 7.72 0.56
                   
Kora and Judd                  
Measured 4.1 8.77 1.2 20.4 2.7 1.17 48.2 10.92 1.5
Indicated 4.0 6.86 0.9 20.6 2.6 1.19 47.4 9.05 1.2
Total M&I 8.1 7.83 2.0 20.5 5.3 1.18 95.6 10.00 2.6
Inferred 16.5 5.69 3.0 27.0 14.3 1.50 248.3 8.48 4.5
                   
  • The Independent Qualified Person responsible for the Mineral Resource estimate is Simon Tear, P.Geo. of H & S Consultants Pty. Ltd., Sydney, Australia, and the effective date of the estimate is September 12, 2023. (Refer to technical report, titled, “Independent Technical Report, Kainantu Gold Mine, Updated Integrated Development Plan, Kainantu Project, Papua New Guinea” dated November 28, 2024, with an effective date of January 1, 2024.)
  • Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
  • Geological interpretation has generated a series of narrow, sub-vertical vein structures based on delineated wireframes on 10m, 20m and 25m spaced cross sections. The design of the lode wireframes is based on a combination of logged geology, Au, Cu & Ag assay grades and locally on a nominal minimum mining width of 5.2m, all coupled with geological sense.
  • Resources were compiled at 3 g/t gold equivalent cut-off grades for Kora and Judd.
  • Density (t/m 3 ) was modelled using Ordinary Kriging on 2,778 sample measurements. Areas within the mineral wireframes where no density grades were interpolated had average default values inserted at appropriate levels.
  • Reported tonnage and grade figures are rounded from raw estimates to reflect the order of accuracy of the estimate.
  • Minor variations may occur during the addition of rounded numbers.
  • Estimations used metric units (metres, tonnes and g/t).
  • Gold equivalents are calculated as AuEq = Au g/t + Cu%*1.6481+ Ag g/t*0.0114. Gold price US$1,700/oz; Silver US$22.5/oz; Copper US$4.00/lb. Metal payabilities and recoveries are incorporated into the AuEq formula. Recoveries of 95% for copper and 80% for silver were used.

Drill Hole Sampling Methodology, QA/QC and Qualified Person

The diamond drill hole is first logged to determine the sampling intervals, which range from a minimum of 0.1 metres to generally 1 metre. The drill core is sawn half core cut along a reference line, with the remainder of the core returned to the core tray. Core samples are then placed in numbered calico and plastic bags, with a numbered sample ticket for dispatch to the assay laboratory. Samples are separately assayed for gold, copper and silver. K92’s procedure includes the insertion standards, blanks and duplicates. Gold assays are by the fire assay method. Copper and silver assays are by three-acid-digestion method (nitric, perchloric and hydrochloric mix).

K92 maintains an industry-standard analytical quality assurance and quality control (QA/QC) and data verification program to monitor laboratory performance and ensure high quality assays. Results from this program confirm reliability of the assay results. All sampling and analytical work for the mine exploration program is performed by Intertek Testing Services (PNG) Ltd, an independent accredited laboratory that is located on site. External check assays for QA/QC purposes are performed at SGS Australia Pty Ltd in Townsville, Queensland, Australia.

K92 Executive Vice President, Exploration, Mr. Chris Muller, PGeo, and K92 Mine Geology Manager and Mine Exploration Manager, Andrew Kohler, MAIG, both Qualified Persons under the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects , have reviewed and are responsible for the technical content of this news release. In addition to the analytical QA/QC program outlined above, data verification also includes significant time onsite reviewing drill core, soil and outcrop sampling, artisanal workings, as well as discussing work programs and results with geology personnel and external consultants.

About K92

K92 Mining Inc. 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. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing plant expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, and the Kainantu Preliminary Economic Assessment, including the Stage 3 Expansion, a new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.

All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the COVID-19 virus; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.

Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Figure 1 – K1 Vein Long Section

查看配图:Figure 1 – K1 Vein Long Section
Figure 1 – K1 Vein Long Section

Figure 2 – K2 Vein Long Section

查看配图:Figure 2 – K2 Vein Long Section
Figure 2 – K2 Vein Long Section

Figure 3 – J1 Vein Long Section

查看配图:Figure 3 – J1 Vein Long Section
Figure 3 – J1 Vein Long Section

Figure 4 – K1 and K2 Vein Plan Map (950 Level)

查看配图:Figure 4 – K1 and K2 Vein Plan Map (950 Level)
Figure 4 – K1 and K2 Vein Plan Map (950 Level)

Figure 5 – Kora-Irumafimpa Long Section

查看配图:Figure 5 – Kora-Irumafimpa Long Section
Figure 5 – Kora-Irumafimpa Long Section

Figure 6 – Judd Long Section

查看配图:Figure 6 – Judd Long Section
Figure 6 – Judd Long Section

Figure 7 – JDD0251 Core Photograph, 151.59 – 156.45m; within intersection of 5.00 m at 178.59 g/t AuEq or 177.69 g/t Au, 2 g/t Ag and 0.54% Cu from the J1 Vein.

查看配图:Figure 8 - JDD0251 Core Photograph
Figure 8 - JDD0251 Core Photograph

Figure 8 – KMDD0753 Core Photograph, 237.10 – 248.62m; within intersection of 10.60 m at 34.57 g/t AuEq or 27.85 g/t Au, 37 g/t Ag and 3.91% Cu from the K1 Vein.

查看配图:Figure 9 - KMDD0753 Core Photograph
Figure 9 - KMDD0753 Core Photograph

Figure 9 – KMDD0702 Core Photograph, 123.00 – 128.24m; within intersection of 4.37 m at 33.27g/t AuEq or 32.16 g/t Au, 10 g/t Ag and 0.61% Cu from the K1 Vein.

查看配图:Figure 10 - KMDD0702 Core Photograph
Figure 10 - KMDD0702 Core Photograph

Photos accompanying this announcement are available at

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Source: K92 Mining · 官方动态 · k92mining.com

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