VANCOUVER, British Columbia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“ K92 ” or the “ Company ”) (TSX: KNT ; OTCQB: KNTNF ) is pleased to announce results from the updated resource estimate completed on the Kora and Judd deposits, at its producing Kainantu Gold Mine in Papua New Guinea. The resource estimate is based on surface and underground exploration diamond drilling and underground face sampling. The focus of exploration at Kora and Judd since the previous resource estimates (previous effective date of October 31, 2021 for Kora and December 31, 2021 for Judd) has been predominantly on resource growth.
Kora and Judd Deposit Mineral Resource Estimate Highlights
Kora Measured and Indicated Resource of 2.3 million ounces at 10.24 g/t gold equivalent (“AuEq”) (1) , representing an +8% increase from the previous resource estimate of 2.1 million ounces in October 2021.
Kora Inferred Resource has increased substantially to 3.9 million ounces at 8.60 g/t AuEq, representing a +58% increase from the previous resource estimate of 2.5 million ounces in October 2021. This has resulted primarily from successful drilling of the southern extensions of the K1 and K2 lodes.
Judd Measured and Indicated Resource of 0.35 million ounces at 8.68 g/t AuEq (1) , representing an increase of +167% from the previous resource estimate of 0.13 million ounces in December 2021.
Judd Inferred Resource of 0.56 million ounces at 7.72 g/t AuEq, representing a +211% increase from the previous resource estimate of 0.18 million ounces in December 2021. The increase in the Judd resource has been the result of a significant amount of drilling since the last resource, with drill defined strike length extended +130% since the end of 2021.
Significant component of the updated Kora and Judd Mineral Resource are high grade (see Fig 3, 4, 7 and 8).
Excellent reconciliation between mill feed and the updated resource model with a 1% difference in gold ounces. Depletion from the previous resource based on production was approximately 900 kt at 10.4 g/t AuEq (7.9 g/t Au, 0.68% Cu, 12 g/t Ag) or 300 koz AuEq contained metal (2) .
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