Announcement Date: 2022-08-09
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: K92 Mining Inc.
Project name: Blue Lake
Location: Papua New Guinea
Commodities: Gold,Silver,Copper
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, B.C. August 9, 2022 – K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) is pleased to announce a maiden resource estimate at the Blue Lake porphyry project, located approximately 4 km southwest of the Company’s producing high-grade goldcopper Kora and Judd intrusion-related deposits at the Kainantu Gold Mine in Papua New Guinea. Blue Lake was discovered by K92 after mineralized lithocap was identified in 2017. K92 has completed two diamond drill programs for a total of 26 holes and 16,474.8 metres at the project. The Blue Lake Porphyry Project is located approximately 4 km southwest of the Company’s producing high-grade Kora and Judd intrusion-related gold-copper deposits at the Kainantu Gold Mine. Drilling at Blue Lake has defined a large tonalite porphyry stock, comprising multiple overprinting intrusives, that are variably mineralized with gold and copper. The highest grades are associated with a potassic alteration core, characterized by biotite, K-feldspar and chalcopyrite/bornite mineralization, with a propensity of quartz stockwork veins. Cu/Au mineralization is approximately at a 1:1 ratio, that is open to the south-west.
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