K92 Mining Inc (KNTNF)

[Edge83]

K92 COMMENCES MAJOR EXPLORATION PROGRAM

By admin Posted February 9, 2017 In News Releases

Exploration has started at Exploration Leases EL 693 and EL 470
new Kokomo vein system identified to northeast of Judd vein system
high grade gold and silver assays from first float and channel samples
K92 Mining Inc. (“K92”) (TSXV – KNT) is pleased to announce that it has commenced a major exploration program on EL’s (Exploration Leases) 683 and 470 immediately to the north and west of the company’s ML (Mining Lease) 150. The program is designed to follow up previous work on anomalous drainage sampling results which indicated that the mineralised structures present in ML 150 continued to the north across the Baupa River towards the processing plant. The field work commenced in late January and the first phase of the work will include:

Establishment of an exploration camp close to the Kokomo Village
Prospecting, sampling, mapping and assessment of the mineralised veins on the northern side of Baupa River.
Mapping of the geology within the drainage systems and surface exposures, and linking them with the prospected veins.
Conducting a ridge and spur soil sample survey for indications of anomalous geochemical dispersion from the auriferous veins across a select number of ridges and spurs.
Trenching along the length of identified veins to establish widths, grades and strike extent.
Conducting a Land Boundary Survey concurrent with the field exploration work in close collaboration with the Community Affairs Department and knowledgeable Pomasi elders.

Although the Exploration Program is in very early stages, numerous quartz veins have been identified, which are potentially extensions of the known mineralised vein systems (Irumafimpa/Kora, Judd & Karempa) encountered within ML 150.

In addition a new vein system termed the “Kokomo Vein” has been identified in the main access incline striking north into the current exploration area. Initial samples from the Kokomo Vein within ML 150 have been assayed and have high grades of gold and silver as do multiple samples from potential extensions of the vein swarm onto EL 693.

The initial results from sampling a number of these veins are summarised in Table 1.

Table 1 Initial Results for Surface Sampling from Exploration Program
more on website....
http://www.k92mining.com/2017/02/6150/