K92 ANNOUNCES FURTHER HIGH-GRADE KORA DRILL RESULTS FROM KORA NORTHERN EXTENSION
Posted January 12, 2018
Drill Hole KMDD0039 records 4.05 m at 5.00 g/t Au, 2 g/t Ag and 0.22% Cu (5.36 g/t AuEq) plus 3.6 m at 12.99 g/t Au, 68 g/t Ag and 0.92% Cu (15.27 g/t AuEq) plus 2.6 m at 4.91 g/t Au, 13 g/t Ag and 0.80% Cu (6.30 g/t AuEq)Drill Hole KMDD0043 records 7.7 m at 5.84 g/t Au, 4 g/t Ag and 0.14% Cu (6.10 g/t AuEq) plus 1.8 m at 2.81 g/t Au, 22 g/t Ag and 3.92% Cu (9.09 g/t AuEq) plus 10.1 m at 3.70 g/t Au, 4 g/t Ag and 0.24% Cu (4.13 g/t AuEq)Drill Hole KMDD0041 records 7.7 m at 7.16 g/t Au, 14 g/t Ag and 0.14% Cu (7.55 g/t AuEq)Drill Hole KMDD0045 records 5.26 m at 13.77 g/t Au, 5 g/t Ag and 0.07% Cu (13.93 g/t AuEq)
K92 Mining Inc. (“K92”) is pleased to announce results from the continuing grade control and exploration drilling of the Kora North Extension.
The results reported include three holes from Diamond Drill Cuddy One (DDC1), and four holes from Diamond Drill Cuddy Two (DDC2), located approximately 125 metres along strike DDC1. All holes drilled from DDC2 have recorded wide intersections of the K1 vein in addition to the main Kora North vein (K2), except KMDD0041 which was stopped short of the K2 vein.
Results have included Hole KMDD0039 which recorded 4.05 m at 5.00 g/t Au, 2 g/t Ag and 0.22% Cu (5.36 g/t AuEq) plus 3.6 m at 12.99 g/t Au, 68 g/t Ag and 0.92% Cu (15.27 g/t AuEq) plus 2.6 m at 4.91 g/t Au, 13 g/t Ag and 0.80% Cu (6.30 g/t AuEq) and hole KMDD0043 which recorded 7.7 m at 5.84 g/t Au, 4 g/t Ag and 0.14% Cu (6.10 g/t AuEq) plus 1.8 m at 2.81 g/t Au, 22 g/t Ag and 3.92% Cu (9.09 g/t AuEq) plus 10.1 m at 3.70 g/t Au, 4 g/t Ag and 0.24% Cu (4.13 g/t AuEq).
The K1 results are considered particularly significant as all five holes drilled to date from DDC2 have recorded consistently wide intersections varying from 4.05 metres to 8.4 metres, while grades have varied from 5.36 g/t AuEq to 13.93 AuEq. Importantly, the most southerly hole drilled from DDC1 (KMDD0024) recorded a K1 intersection of 11.5 metres at 7.11 g/t Au, 12 g/t Ag and 0.0.32% Cu (7.76 g/t AuEq).
In addition, in two of the holes drilled from DDC2 a third vein appears to be developing between K1 and K2 veins with intersections of 3.6 metres at 12.99 g/t Au, 68 g/t Ag and 0.92% Cu (15.27 g/t AuEq) recorded in hole KMDD0039 and 1.8 metres at 2.81 g/t Au, 22 g/t Ag and 3.92% Cu (9.09 g/t AuEq) recorded in hole KMDD0043. The presence of 3 veins is consistent with the interpreted geology reported in the main Kora deposit to the south, which has up to four veins reported.
John Lewins, K92 Chief Executive Officer and Director, states,
“The recent drilling results and especially those from DDC2 have continued to build our confidence in the continuity of the North Kora Vein System. The results from the southern holes from DDC1 and all the holes drilled from DDC2 have identified the K1 vein as having significant potential. The identification of a third vein further enhances the potential of the system and appears consistent with the geology encountered in the main Kora deposit to the south which has up to four veins present.
The grade control drilling from DDC 1 has now been successfully completed and this rig is being relocated to drill a northern target for an extension of the K2 vein parallel to Irumafimpa, identified in the results previously reported for hole KMDD0035. Following the completion of this program, drilling is scheduled to commence on the underground diamond drilling exploration program. This program which is expected to take approximately six months to complete will target an area of approximately 600 metres on strike by 500 metres on dip between Irumafimpa and the known Kora deposit.
Table 1 and 2 below provide a summary of the results from the latest diamond grade control drill holes drilled into the Kora North Vein system. Table 1 provides a summary of the significant intercepts from the hole, while Table 2 provides details of collar location and hole orientation.
