VANCOUVER, British Columbia, Feb. 20, 2018 -- K92 Mining Inc. is pleased to advise it has awarded the contract from the installation of a gold gravity recovery circuit into the Process Plant at its Kainantu Gold Mine in Papua New Guinea to Mincore Pty Ltd . Previous testwork carried out on samples from the Kora deposit indicated that up to 65% of the gold could be recovered by gravity concentration. These results are [...]
Feb. 13, 2018 -- K92 Mining Inc. is pleased to announce today that, due to strong demand, it has agreed with Clarus Securities Inc. as Lead Agent on behalf of a syndicate of agents , to increase the size of its previously announced C$5,000,040 “best efforts” private placement offering. Pursuant to the upsized deal terms, the Agents have agreed to sell, on a “best efforts” private placement basis up [...]
Feb. 12, 2018 -- K92 Mining Inc. is pleased to announce that it has entered into an agreement with Clarus Securities Inc. as lead agent on behalf of a syndicate of agents , whereby the Agents will raise up to C$5,000,040 through an Offering of up to 11,111,200 units of the Company to be priced at C$0.45 per Unit. Each Unit is comprised of one common share in the capital of the Company and one half of one Common Share [...]
Multiple wide intervals of high grade mineralization from hole KMDD0049 Drillhole intersections are above the current working levels Drilling ongoing VANCOUVER, British Columbia, Feb. 09, 2018 -- K92 Mining Inc. has intersected multiple intervals of high grades of gold in drill hole KMDD0049, which is a drill hole on the most southerly line being drilled from diamond drill cuddy 2 orientated 25o upwards, above the current [...]
VANCOUVER, British Columbia, Feb. 07, 2018 -- K92 Mining Inc. is pleased to announce it has achieved and declares commercial production effective February 1, 2018 at its Kainantu Gold Mine in Papua New Guinea. Production for the month of January 2018 exceeded 2,700 ozs gold equivalent . At this level of production, based on the budgeted monthly operating costs, Total Cash Costs1 for the month of January are expected to be [...]
K92 Operations Update and Latest Drill Results Highlights include: Drill intercept of 6.49 m at 23.66 g/t Au, 27 g/t Ag and 0.16% Cu Face sampling taken while mining the K1 Kora vein reports values of 0.6 m @ 1,126 g/t Au in one face and 0.3 m @ 2,171 g/t Au in another face Process plant feed grade in excess of 40 g/t Au over consecutive days, including a peak of 82.98 g/t Au over a 12 hour period. VANCOUVER, British [...]
Highlights include: Cut and fill stoping has commenced at the Kora North K2 vein Head grade of the first 2,000 tonnes of material mined from these stopes averaged 10.5 g/t Au and 0.57% Cu Processing of the 2,000 tonnes of material mined generated 126 tonnes of concentrate averaging 276 g/t Au and 16.7% Cu, containing 611 ozs Au and 25,300 lbs Cu. Mining of second Kora North vein has commenced with a first 1,000 tonnes [...]
Drill Hole KMDD0039 records 4.05 m at 5.00 g/t Au, 2 g/t Ag and 0.22% Cu plus 3.6 m at 12.99 g/t Au, 68 g/t Ag and 0.92% Cu plus 2.6 m at 4.91 g/t Au, 13 g/t Ag and 0.80% Cu Drill Hole KMDD0043 records 7.7 m at 5.84 g/t Au, 4 g/t Ag and 0.14% Cu plus 1.8 m at 2.81 g/t Au, 22 g/t Ag and 3.92% Cu plus 10.1 m at 3.70 g/t Au, 4 g/t Ag and 0.24% Cu Drill Hole KMDD0041 records 7.7 m at 7.16 g/t Au, 14 g/t Ag and 0.14% Cu Drill [...]
K92 Mining is pleased to announce results from the continuing grade control and exploration drilling of the Kora North Extension. Results reported include hole KMDD0037 which is the first drilled from Diamond Drill Cuddy Two , approximately 125 metres along strike from DDC1. This hole reported two vein intersections, 7.55 m at 4.81 g/t Au, 5 g/t Ag and 0.34% Cu plus 7.9 m at 7.57 g/t Au, 10 g/t Ag and 0.85% Cu These [...]
Drill Hole KMDD0034 records 4.1 m at 9.19 g/t Au, 4.2 g/t Ag and 0.02% Cu plus 3.6m at 36.06 g/t Au, 354 g/t Ag and 0.66% Cu Second Diamond Drill Cuddy now established and third diamond drill rig has commenced drilling from this cuddy VANCOUVER, British Columbia, Dec. 11, 2017 -- K92 Mining Inc. is pleased to announce results from the continuing grade control and exploration drilling of the Kora North Extension. Results [...]
Highlights include: Initial mining blocks in Kora North containing 124,200 tonnes @ 7.17 g/t Au, 19 g/t Ag and 1.06% Cu defined in an area 150 metres long by 75 metres high. The initial resource supporting the Kora North mining blocks comprises a Measured Resource of 45,000 tonnes @ 9.92 g/t Au, 27 g/t Ag and 1.94% Cu and an Indicated Resource of 41,500 tonnes @ 9.57 g/t Au, 26 g/t Ag and 0.91% Cu. VANCOUVER, British [...]
K92 Mining Inc. is pleased to report it has received warrant exercises with a value in excess of $2 million during the past 10 days. As at May 20, 2016, K92 had 22,136,890 warrants exercisable at $0.50 outstanding. The last of these warrants expired on November 20, 2017. Prior to the expiration date, a cumulative total of 16,437,048 warrants were exercised for total proceeds to K92 of $8,218,524. This cumulative total [...]