K92: Drill results good

LATEST drilling results at the Kainantu gold mine in Eastern Highlands has highlighted a significant resource growth potential for its Kora-Kora South and Judd-Judd South vein systems, says K92 Mining Inc chief executive and director John Lewins.
Lewins said drill results extended the known deposit strike length of each of the vein systems (Kora-Kora South and Judd-Judd South) by 600 metres.
“At Kora-Kora South, since the latest resource estimate (Oct 31, 2021) the known drilled strike length has been extended by more than 60 per cent, while at Judd-Judd South, since its maiden resource estimate (Dec 31, 2021) the known drilled strike length has extended to more than 130 per cent,” he said.
Lewins said at Kora, K92 had observed a higher grade tenor as it explored deeper, making the next phase of drilling at Kora South targeting deeper surface holes and depth drilling particularly exciting.
He said drilling at the Kora South vein had returned up to 12.82 grams per tonne (g/t) AuEq (gold equivalent) at around 30m which was encouraging.
He said drilling at the Judd vein had recorded 20.89 g/t at 25m and a dilatant zone of 5.02 g/t at 60 metres.
Dilatant zones have the potential to deliver significant endowment at even moderate strike lengths.