K92 Mining Announces Latest Drilling Results Extending Multiple High-Grade Zones and New Dilatant Zone Discovered

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce its latest high-grade results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to the Kora and Judd Northern Deeps targets at the Kainantu Gold Mine in Papua New Guinea.

• Multiple dilatant zones intersected at Kora’s K2 Vein, including a new dilatant zone discovered outside of the Kora resource estimate at Kora South and the extension of an existing dilatant zone down-dip:
  • Kora South new dilatant zone intercepts:
    • KUDD0053: 78.50 m at 27.03 g/t gold equivalent (“AuEq”)⁽²⁾ (24.94 g/t Au, 116 g/t Ag, 0.38% Cu)
    • KUDD0056: 34.00 m at 8.14 g/t AuEq (5.45 g/t Au, 130 g/t Ag, 0.65% Cu)
  • Known Dilatant zone extended down-dip:
    • KUDD0058: 51.00 m at 7.04 g/t AuEq (0.82 g/t Au, 48 g/t Ag, 3.58% Cu)

• High-grade zones within Kora's K1 and K2 Veins extended in multiple directions, and at higher grades in multiple areas than the resource model, including:
  • K1 Vein high-grade extension up-dip from main underground mining area:
    • KMDD0590: 3.26 m at 86.92 g/t AuEq (86.40 g/t Au, 10 g/t Ag, 0.25% Cu)
    • KMDD0634: 12.09 m at 18.90 g/t AuEq (15.45 g/t Au, 34 g/t Ag, 1.92% Cu)
    • KMDD0591: 3.90 m at 49.78 g/t AuEq (49.14 g/t Au, 8 g/t Ag, 0.34% Cu)
    • KMDD0596: 8.74 m at 25.91 g/t AuEq (24.21 g/t Au, 14 g/t Ag, 0.97% Cu)
    • KMDD0635: 11.15 m at 16.27 g/t AuEq (8.40 g/t Au, 88 g/t Ag, 4.30% Cu)
    • KMDD0592: 5.50 m at 22.16 g/t AuEq (21.18 g/t Au, 15 g/t Ag, 0.50% Cu)
    • KMDD0617: 2.25 m at 32.64 g/t AuEq (27.85 g/t Au, 8 g/t Ag, 2.99% Cu)
  • K2 Vein high-grade extension up-dip from main underground mining area:
    • KMDD0662: 9.00 m at 40.36 g/t AuEq (32.47 g/t Au, 63 g/t Ag, 4.52% Cu)
    • KMDD0657: 6.05 m at 47.27 g/t AuEq (38.03 g/t Au, 94 g/t Ag, 5.13% Cu)
    • KMDD0624: 5.60 m at 23.16 g/t AuEq (14.31 g/t Au, 30 g/t Ag, 5.40% Cu)
    • KMDD0617: 5.10 m at 21.46 g/t AuEq (20.06 g/t Au, 11 g/t Ag, 0.80% Cu)
  • Step-out drilling to the south, outside of the current resource, at the K2 vein intersected multiple high-grade gold and high-grade copper intersections:
    • KMDD0654A: 17.45 m at 23.79 g/t AuEq (16.77 g/t Au, 72 g/t Ag, 3.89% Cu)
    • KMDD0632: 9.30 m at 15.30 g/t AuEq (7.87 g/t Au, 105 g/t Ag, 3.88% Cu)
      
      

• Judd’s J1 Vein saw an extension of the high-grade zone up-dip and in multiple areas significantly higher grade than the resource model, plus step-out intersecting significant near-surface mineralization approximately 300 m north:
  
  
  • J1 Vein high-grade extension up-dip from main underground mining area:
    • JDD0235: 4.13 m at 69.10 g/t AuEq (68.00 g/t Au, 13 g/t Ag, 0.60% Cu)
    • JDD0239: 2.70 m at 44.48 g/t AuEq (44.03 g/t Au, 11 g/t Ag, 0.19% Cu)
    • JDD0231: 3.67 m at 41.05 g/t AuEq (37.49 g/t Au, 59 g/t Ag, 1.79% Cu)
    • JDD0223: 6.53 m at 17.41 g/t AuEq (16.66 g/t Au, 19 g/t Ag, 0.31% Cu)
  • J1 Vein near-surface step-out approximately 300 m to the north:
    • KODD0055: 9.85 m at 7.58 g/t AuEq (7.37 g/t Au, 2 g/t Ag, 0.13% Cu)

Notes:

(1) Drill highlights presented above are core lengths (not true widths).

(2) Gold equivalent (AuEq) exploration results are calculated using longer-term commodity prices with a copper price of US$4.00/lb, a silver price of US$22.5/oz and a gold price of US$1,750/oz.

John Lewins, K92 Chief Executive Officer and Director, stated, “The latest set of drilling results continue to confirm our view that the resource expansion potential of Kora-Kora South and Judd-Judd South is very significant, in addition to significant opportunities to expand high-grade zones through increased drill density. The high-grade zones expanded vertically at K1, K2 and J1 are particularly important as they are immediately above our main mine workings, setting ourselves up well for the Stage 3 Expansion over the near and medium term in that area. To the south, the discovery of the new dilatant zone is very encouraging and the high-grade underground step-out intersections from the 1205 Level drill drive continue to support our view that like Kora, Kora South’s best grade potential is at depth, and we are just starting to scratch the surface there.

Beyond Kora-Kora South and Judd-Judd South, at Arakompa, exploration activities continue to ramp-up, with a third rig imminently commencing drilling. We look forward to providing an update in due course.”

The results for the latest 140 diamond drill holes completed from surface and underground are summarized in the tables below. The results continue to demonstrate the high-grade, continuity and expansion potential of the Kora-Kora South and Judd-Judd South vein systems. Intersections largely focused on increasing drill density vertically while also targeting resource extension along strike to the south and north.

All drill holes at Kora-Kora South (including Northern Deeps) intersected mineralization, with 31 intersections exceeding 10 g/t AuEq and 89 intersections exceeding 5 g/t AuEq. At Judd-Judd South (including Northern Deeps), all drill holes intersected mineralization, with 12 intersections exceeding 10 g/t AuEq and 27 intersections exceeding 5 g/t AuEq.

Figures

Long sections of K1, K2, J1 and J2 showing the location of the latest drill holes are provided in Figures 1, 2, 3 and 4, respectively.

A long section showing Kora drilling to date is provided in Figure 5.

A long section showing Judd drilling to date is provided in Figure 6.

Core photographs are provided of drill hole JDD0231 in Figure 7, KMDD0591 in Figure 8, KMDD0657 in Figure 9 and KMDD0662 in Figure 10.

Table 1

Kainantu Gold Mine – Significant Intercepts from Kora Underground Diamond Drilling

Hole ID	From (m)	To (m)	Interval (m)	True width (m)	Gold g/t	Silver g/t	Copper %	Gold Eq	Vein
KMDD0577	91.00	91.25	0.25	0.17	0.57	52	4.34	8.04
KMDD0577	130.80	131.15	0.35	0.23	0.58	23	3.93	7.04
KMDD0577	166.30	166.50	0.20	0.13	0.57	14	3.32	5.95
KMDD0577	169.90	170.30	0.40	0.27	16.47	27	0.63	17.80	K1
KMDD0577	177.35	189.00	11.65	7.80	1.80	17	1.60	4.53	K2
KMDD0577	197.50	199.00	1.50	1.00	0.33	18	2.37	4.28
KMDD0577	205.00	207.20	2.20	1.47	0.40	15	1.79	3.40	K2HW
KMDD0580	103.00	106.00	3.00	1.82	1.13	37.00	0.20	1.92	J1
KMDD0574	158.00	180.00	22.00	9.16	0.61	37.00	2.30	4.69	K2
KMDD0574	186.00	190.00	4.00	1.68	2.99	24	0.92	4.74	K2HW
KMDD0578	168.40	174.81	6.41	4.10	3.40	6	0.98	5.01	K1
KMDD0578	179.65	187.00	7.35	4.72	1.03	21	3.22	6.35	K2
KMDD0582	109.00	111.00	2.00	1.61	1.04	7	0.32	1.63	K1
KMDD0582	119.30	135.00	15.70	12.67	1.34	35	2.26	5.33	K2
KMDD0582	150.75	157.50	6.75	5.45	0.49	9	0.60	1.55	K2HW
KMDD0595	117.82	120.00	2.18	1.20	5.83	5	0.57	6.79	K1
KMDD0595	129.32	146.80	17.48	9.61	1.90	7	0.78	3.21	K2
KMDD0595	172.42	180.20	7.78	4.25	1.09	70	0.73	3.13	K2HW
KMDD0590	148.66	151.92	3.26	2.80	86.40	10	0.25	86.92	K1
KMDD0590	156.60	162.00	5.40	4.86	2.30	5	0.10	2.52	K2
KMDD0596	226.50	227.55	1.05	0.59	1.45	25	2.53	5.74	K1FW
KMDD0596	261.11	269.85	8.74	4.92	24.21	14	0.97	25.91	K1
KMDD0596	270.75	280.00	9.25	5.21	0.39	11	0.09	0.66	K2
KMDD0575	235.00	247.00	12.00	1.17	0.51	21	1.75	3.51	K2
KMDD0585	96.95	98.68	1.73	0.96	1.18	2	0.01	1.22	J1
KMDD0585	128.50	137.60	9.10	5.15	0.56	6	0.05	0.72
KMDD0585	178.45	181.90	3.45	2.21	1.75	3	0.42	2.45
KMDD0585	194.10	196.00	1.90	1.22	1.44	2	0.02	1.50
KMDD0585	209.20	211.00	1.80	1.14	3.66	1	0.03	3.72	K1
KMDD0586	118.00	122.00	4.00	1.83	3.19	4	1.16	5.06	J1
KMDD0586	165.00	168.40	3.40	1.65	2.04	14	0.03	2.27
KMDD0586	226.40	229.70	3.30	1.94	0.92	5	0.24	1.36
KMDD0586	304.70	307.20	2.50	1.67	0.25	5	0.11	0.49	K1
KMDD0586	326.05	327.85	1.80	1.22	0.96	51	1.09	3.32	K2
KMDD0591	145.80	149.70	3.90	3.29	49.14	8	0.34	49.78	K1
KMDD0591	151.75	155.00	3.25	2.80	7.92	8	0.43	8.70	K2
KMDD0581	182.73	185.90	3.17	1.89	0.62	1	0.03	0.68
KMDD0581	266.00	271.10	5.10	3.04	0.66	11	0.61	1.76	K1
KMDD0588A	252.85	253.15	0.30	0.19	6.67	118	1.56	10.63
KMDD0588A	273.00	274.43	1.43	0.91	0.19	9	0.64	1.31	K1
KMDD0588A	304.18	308.00	3.82	2.43	0.06	10	0.66	1.22
KMDD0588A	356.00	356.65	0.65	0.44	0.23	37	2.22	4.19
KMDD0588A	371.40	375.00	3.60	2.42	0.19	5	0.43	0.93	K2
KMDD0588A	395.00	396.70	1.70	1.14	0.25	28	1.62	3.15
KMDD0602	153.35	156.55	3.20	2.48	3.76	13	0.18	4.21	K1FW
KMDD0602	179.40	185.40	6.00	4.67	5.54	3	0.04	5.64	K1
KMDD0597	199.04	201.46	2.42	1.72	2.34	10	1.48	4.79
KMDD0597	212.60	214.20	1.60	1.14	2.30	6	2.06	5.61	K1
KMDD0597	218.70	225.35	6.65	4.75	1.22	10	1.19	3.21	K2
KMDD0598	201.10	204.00	2.90	2.30	2.43	10	1.96	5.63	K1
KMDD0598	213.00	223.70	10.70	8.49	1.23	19	0.71	2.59	K2
KMDD0593	145.20	155.00	9.80	6.08	1.97	17	0.29	2.64	K1
KMDD0593	162.00	167.40	5.40	3.31	1.89	6	0.20	2.28	K2
KMDD0607	56.00	59.70	3.70	3.21	0.16	2	0.06	0.28	J1HW
KMDD0607	85.90	91.00	5.10	4.29	0.86	2	0.05	0.96
KMDD0607	128.50	133.40	4.90	4.35	1.02	1	0.01	1.05	K1
KMDD0607	221.70	225.50	3.80	3.45	1.97	3	0.05	2.09	K2
KMDD0612	70.00	74.00	4.00	3.38	0.57	2	0.04	0.66	J1HW
KMDD0612	146.70	150.50	3.80	3.32	0.46	2	0.30	0.96	K1
KMDD0612	155.00	160.05	5.05	4.41	0.24	3	0.25	0.67	K1HW
KMDD0612	224.00	225.00	1.00	0.87	8.90	16	1.17	10.94	K2
KMDD0601	68.80	72.60	3.80	2.32	0.56	2	0.07	0.70	J1HW
KMDD0601	179.00	182.00	3.00	2.78	1.04	1	0.02	1.08	K1
KMDD0599	193.00	195.75	2.75	2.28	0.30	2	0.16	0.58	K1
KMDD0599	200.23	216.00	15.77	13.09	4.11	16	0.35	4.86	K2
KMDD0599	223.00	225.60	2.60	2.16	22.81	17	0.46	23.75	K2HW
KMDD0599	232.70	235.50	2.80	2.32	0.62	12	0.32	1.28	K3
KMDD0600	211.87	217.95	6.08	4.25	1.82	11	0.02	1.99	K1
KMDD0600	229.75	233.50	3.75	2.59	2.85	32	0.06	3.36	K2
KMDD0609	58.80	64.70	5.90	5.88	0.83	6	0.11	1.08	J1HW
KMDD0609	139.00	140.00	1.00	1.00	0.12	2	0.01	0.16	K1
KMDD0592	148.20	153.70	5.50	4.16	21.18	15	0.50	22.16	K1
KMDD0592	156.50	160.20	3.70	2.83	1.74	16	0.14	2.17	K2
KMDD0592	170.85	174.10	3.25	2.52	76.86	37	0.01	77.35	K2HW
KMDD0592	181.80	187.00	5.20	4.09	0.69	9	0.51	1.61	K3
KMDD0614	97.00	103.28	6.28	4.05	0.62	2	0.08	0.77	J1HW
KMDD0614	141.50	143.00	1.50	1.06	37.41	10	2.23	41.03
KMDD0614	177.00	185.00	8.00	5.73	1.03	2	0.21	1.38	K1
KMDD0614	204.80	206.20	1.40	1.00	1.97	6	0.52	2.86
KMDD0614	277.00	277.60	0.60	0.44	0.17	5	0.05	0.31	K2
KMDD0617	134.75	137.00	2.25	1.78	27.85	8	2.99	32.64	K1
KMDD0617	139.75	144.85	5.10	4.03	20.06	11	0.80	21.46	K2
KMDD0617	167.00	167.90	0.90	0.71	7.47	11	0.12	7.80	K2HW
KMDD0619	124.68	132.10	7.42	6.17	4.81	17	0.89	6.42	K1
KMDD0619	137.70	142.30	4.60	3.82	6.76	51	2.39	11.16	K2
KMDD0619	144.30	146.20	1.90	1.57	4.33	16	1.20	6.42	K2HW
KMDD0619	153.22	158.30	5.08	4.20	1.34	14	0.10	1.68	K3
KMDD0624	204.26	206.90	2.64	1.92	5.11	116	3.90	12.71	K1
KMDD0624	212.80	218.40	5.60	4.06	14.31	30	5.40	23.16	K2
KMDD0624	221.95	224.00	2.05	1.48	1.40	4	0.15	1.69	K2HW
KMDD0624	227.40	230.40	3.00	2.17	0.96	13	0.74	2.29
KMDD0624	237.00	239.77	2.77	1.99	1.20	35	1.32	3.72
KMDD0608	157.30	159.40	2.10	1.52	12.33	1	0.01	12.36	K1
KMDD0608	234.80	236.56	1.76	1.27	5.93	1	0.01	5.96
KMDD0608	239.50	239.75	0.25	0.18	51.79	1	0.02	51.83
KMDD0616	152.85	163.90	11.05	5.08	1.06	12	0.24	1.59	J1HW
KMDD0616	224.55	230.18	5.63	3.08	1.76	1	0.05	1.85	K1
KMDD0616	374.65	376.63	1.98	1.07	1.56	4	0.10	1.77	K2
KMDD0622	120.40	126.87	6.47	5.92	5.68	8	0.91	7.21	K1
KMDD0622	135.93	142.55	6.62	6.06	0.41	5	0.52	1.29	K1HW
KMDD0622	154.60	162.30	7.70	7.05	1.40	10	0.64	2.53	K2
KMDD0623	123.45	131.75	8.30	7.51	6.86	9	0.86	8.32	K1
KMDD0623	137.60	149.60	12.00	9.00	0.56	6	0.52	1.45	K1HW
KMDD0623	162.65	172.15	9.50	8.55	1.22	13	1.13	3.16	K2
KMDD0634	139.28	151.37	12.09	9.54	15.45	34	1.92	18.90	K1
KMDD0650	163.71	168.22	4.51	3.56	0.52	11	0.29	1.12	K1HW
KMDD0626	13.05	15.70	2.65	2.01	2.09	4	0.34	2.67	J1HW
KMDD0626	19.44	21.60	2.16	1.41	2.23	2	0.57	3.15
KMDD0626	220.60	226.36	5.76	4.27	8.70	32	2.02	12.28	K1
KMDD0626	229.55	233.20	3.65	2.70	4.37	7	1.58	6.94	KL
KMDD0626	238.40	241.28	2.88	2.13	1.47	28	0.46	2.55	K2
KMDD0626	263.45	266.20	2.75	2.04	1.04	43	2.20	5.04	K2HW
KMDD0618	128.30	135.45	7.15	5.13	0.78	2	0.24	1.18	K1
KMDD0618	136.60	144.95	8.35	5.97	2.35	33	1.62	5.31	K2
KMDD0618	149.00	160.60	11.60	8.26	0.59	7	1.01	2.26	K2HW
KMDD0618	164.00	166.00	2.00	1.42	0.31	6	0.65	1.41	K3
KMDD0621	120.35	123.00	2.65	1.91	7.65	8	0.43	8.43	K1
KMDD0621	126.80	129.70	2.90	2.09	20.23	10	1.43	22.60	KL
KMDD0621	135.60	139.10	3.50	2.50	5.36	31	2.15	9.13	K2
KMDD0621	152.10	156.60	4.50	3.19	5.30	71	0.58	7.12	K2HW
KMDD0621	162.75	164.45	1.70	1.20	0.45	25	1.36	2.90	K3
KMDD0620	115.80	124.20	8.40	7.48	12.65	10	0.90	14.19	K1
KMDD0620	130.70	137.40	6.70	5.96	1.30	19	1.00	3.11	KL
KMDD0620	148.60	154.40	5.80	5.16	2.79	35	1.13	5.01	K2
KMDD0645	86.45	87.20	0.75	0.55	5.80	15	3.93	12.15
KMDD0645	96.00	108.00	12.00	8.83	0.44	6	0.53	1.35
KMDD0645	192.60	196.65	4.05	2.98	2.30	2	0.34	2.86	K1
KMDD0645	219.70	220.50	0.80	0.59	2.86	5	0.62	3.90
KMDD0630	69.00	75.10	6.10	4.16	0.28	10	0.11	0.58	K2
KMDD0630	105.00	106.60	1.60	1.10	0.63	55	0.05	1.42
KMDD0630	144.41	149.18	4.77	2.30	0.24	11	0.02	0.42
KMDD0630	154.80	158.40	3.60	2.49	0.22	8	0.02	0.35
KMDD0625	224.00	226.00	2.00	1.55	0.22	21	1.00	2.06	K3
KMDD0625	210.30	215.94	5.64	4.38	3.34	6	0.93	4.88	K2HW
KMDD0625	199.00	208.16	9.16	7.12	7.03	4	1.09	8.79	K2
KMDD0625	187.00	189.18	2.18	1.70	3.62	6	0.52	4.52
KMDD0625	11.44	12.65	1.21	0.96	16.19	23	0.50	17.28	J1HW
KMDD0644	374.30	378.45	4.15	1.97	0.31	18	0.74	1.70	K3
KMDD0644	354.50	357.80	3.30	1.56	0.66	14	3.34	6.08	K2HW
KMDD0644	345.64	352.30	6.66	3.15	0.54	27	4.18	7.44	K2
KMDD0644	327.94	328.85	0.91	0.44	0.36	30	5.56	9.45
KMDD0644	57.30	59.00	1.70	0.70	3.28	2	0.15	3.55
KMDD0644	1.96	2.36	0.40	0.15	2.64	6	0.05	2.80	J1HW
KMDD0627	61.10	63.00	1.90	1.78	0.25	1	0.04	0.33	J1HW
KMDD0628	62.42	66.00	3.58	3.50	3.23	3	0.19	3.56	J1HW
KMDD0628	74.67	77.37	2.70	2.64	0.22	3	0.16	0.52
KMDD0643	133.60	137.90	4.30	2.75	0.51	5	0.12	0.76	J1HW
KMDD0643	152.00	155.10	3.10	1.95	0.64	6	0.23	1.07
KMDD0656	44.80	54.00	9.20	8.03	3.06	38	0.27	3.97	K1
KMDD0656	60.00	67.00	7.00	6.05	5.38	3	0.56	6.29	KL
KMDD0656	107.00	115.00	8.00	6.64	2.36	33	0.36	3.36	K2
KMDD0650	51.70	57.30	5.60	4.35	2.04	13	0.11	2.37	K1
KMDD0650	72.34	76.27	3.93	3.11	0.93	1	0.28	1.39	KL
KMDD0650	117.22	125.80	8.58	7.21	0.74	3	0.39	1.38	K2
KMDD0650	132.25	140.15	7.90	6.70	0.91	23	0.70	2.30	K2HW
KMDD0650	152.10	153.80	1.70	1.46	3.30	43	1.01	5.44	K3
KMDD0632	95.60	104.90	9.30	2.79	7.87	105	3.88	15.30	K2
KMDD0632	118.90	131.90	13.00	4.25	0.50	28	1.06	2.53	K2HW
KMDD0632	163.00	165.00	2.00	0.68	1.02	15	0.03	1.27
KMDD0632	210.85	212.00	1.15	0.41	25.65	13	0.03	25.87
KMDD0633	75.00	79.00	4.00	2.54	0.24	32	2.49	4.55	K2
KMDD0633	127.58	129.60	2.02	1.26	0.25	42	0.01	0.82	K2HW
KMDD0633	198.92	199.64	0.72	0.46	1.03	24	0.07	1.44
KMDD0633	204.03	207.00	2.97	1.88	0.46	1	0.01	0.49
KMDD0631A	86.00	91.00	5.00	2.34	0.25	16	0.53	1.28	K2
KMDD0631A	107.55	109.50	1.95	0.91	0.23	2	0.03	0.32	K2HW
KMDD0631A	138.00	140.60	2.60	1.23	0.36	6	0.01	0.45
KMDD0631A	187.00	189.35	2.35	1.12	0.46	21	0.02	0.75
KMDD0635	146.70	157.85	11.15	8.34	8.40	88	4.30	16.27	K1
KMDD0635	163.77	168.65	4.88	3.75	0.73	8	0.89	2.24	K2
KMDD0635	190.70	192.30	1.60	1.23	1.51	40	0.63	3.01
KMDD0635	204.50	208.70	4.20	3.23	5.36	56	0.90	7.49	K2HW
KMDD0654A	27.00	28.00	1.00	0.39	6.44	8	0.03	6.58
KMDD0654A	101.50	103.45	1.95	0.74	0.26	32	3.99	6.93	K1FW
KMDD0654A	109.50	110.45	0.95	0.37	1.77	1	0.02	1.82
KMDD0654A	112.15	129.60	17.45	6.82	16.77	72	3.89	23.79	K2
KMDD0657	159.48	163.45	3.97	2.52	3.98	44	3.45	9.96	K1
KMDD0657	171.00	177.05	6.05	3.83	38.03	94	5.13	47.27	K2
KMDD0657	198.20	200.30	2.10	1.33	16.02	45	0.29	17.05	K2HW
KMDD0652	105.67	124.50	18.83	5.77	0.73	57	2.64	5.61	K2
KMDD0663	68.30	72.60	4.30	3.97	2.59	8	0.20	3.02	K1FW
KMDD0663	77.28	79.63	2.35	2.15	4.94	27	0.10	5.44	K1
KMDD0663	83.50	85.10	1.60	1.45	1.76	1	0.15	2.00	K1HW
KMDD0663	87.14	89.48	2.34	2.12	1.43	3	0.02	1.51
KMDD0663	92.00	93.70	1.70	1.53	1.72	17	0.52	2.74
KMDD0663	132.74	136.08	3.34	2.84	1.24	13	0.43	2.08	K2
KMDD0662	125.00	127.00	2.00	1.39	1.74	1	0.01	1.77
KMDD0662	151.05	156.20	5.15	3.58	8.67	27	1.56	11.46	K1
KMDD0662	162.00	171.00	9.00	6.26	32.47	63	4.52	40.36	K2
KMDD0662	173.40	174.30	0.90	0.63	1.39	11	1.23	3.45	K2HW
KMDD0662	177.55	177.90	0.35	0.24	2.69	17	0.79	4.15
KMDD0662	190.20	199.00	8.80	6.16	3.69	32	1.05	5.74	K3
KMDD0664	96.80	101.00	4.20	2.89	0.87	7	0.56	1.84
KMDD0664	119.00	124.25	5.25	3.61	1.62	4	0.21	2.00	K1
KMDD0665	147.95	156.00	8.05	5.77	4.74	9	0.58	5.76	K1
KMDD0665	156.90	159.00	2.10	1.51	1.66	8	0.41	2.40	K2
KMDD0649	40.95	41.90	0.95	0.56	7.68	109	1.25	11.04
KMDD0649	247.60	248.40	0.80	0.47	0.60	15	2.57	4.82
KMDD0649	295.00	295.80	0.80	0.47	1.06	29	3.86	7.48
KMDD0649	300.60	302.45	1.85	1.09	17.14	33	3.89	23.67	K1
KMDD0649	306.50	327.80	21.30	12.05	0.65	30	1.70	3.70	K2
KMDD0668	36.40	41.85	5.45	5.40	2.20	41	0.49	3.51
KMDD0668	48.25	49.67	1.42	1.41	1.51	3	1.13	3.31
KMDD0668	51.95	52.36	0.41	0.41	5.15	3	0.06	5.28
KMDD0668	58.12	67.70	9.58	9.49	1.88	5	0.13	2.15	K1
KMDD0668	88.50	88.92	0.42	0.42	1.80	6	1.32	3.95
KMDD0668	99.50	104.57	5.07	5.04	0.74	21	1.16	2.83	K2
KMDD0677	24.80	25.90	1.10	1.00	1.94	15	0.93	3.59
KMDD0677	61.00	75.00	14.00	12.71	3.71	2	0.20	4.06	K1
KMDD0677	111.70	115.15	3.45	3.45	0.97	24	3.33	6.49	K2
KMDD0651B	64.30	68.70	4.40	3.20	0.75	25	0.35	1.63	K1
KMDD0659	16.30	22.00	5.70	5.68	0.77	6	0.18	1.13	J1
KMDD0659	99.25	99.60	0.35	0.35	2.33	17	1.95	5.60
KMDD0659	172.60	174.50	1.90	1.89	2.04	9	1.34	4.26	K1
KMDD0648	1.00	2.00	1.00	0.49	1.22	3	0.16	1.52
KMDD0648	44.95	45.75	0.80	0.39	4.45	3	0.06	4.57
KMDD0648	123.00	124.00	1.00	0.49	5.31	2	0.01	5.35
KMDD0648	303.40	306.45	3.05	1.48	0.40	14	2.31	4.20
KMDD0648	317.70	327.88	10.18	4.95	0.55	5	1.39	2.79	K1
KMDD0648	333.80	338.00	4.20	2.04	5.80	11	1.62	8.48	K2
KMDD0648	341.40	344.50	3.10	1.51	1.09	8	0.83	2.50
KMDD0648	368.00	369.12	1.12	0.54	0.87	79	2.65	6.04
KMDD0646	121.50	122.10	0.60	0.35	1.08	5	0.08	1.26
KMDD0646	134.76	137.00	2.24	1.30	0.91	4	0.14	1.19
KMDD0646	145.72	147.60	1.88	1.09	1.43	10	0.06	1.65
KMDD0646	177.60	182.67	5.07	2.94	0.71	14	0.54	1.73
KMDD0646	202.54	205.00	2.46	1.43	0.82	2	0.13	1.06
KMDD0646	214.94	216.00	1.06	0.62	13.26	8	0.21	13.69
KMDD0646	226.00	226.45	0.45	0.26	1.67	2	0.08	1.82
KMDD0646	229.00	232.77	3.77	2.19	3.38	3	0.16	3.68
KMDD0646	248.80	254.00	5.20	3.02	2.21	2	0.12	2.43	K1
KMDD0646	257.94	258.45	0.51	0.30	1.91	2	0.05	2.01
KMDD0646	324.65	325.90	1.25	0.74	1.74	80	1.00	4.35	K2
KMDD0646	332.93	333.44	0.51	0.30	3.98	90	0.49	5.91	K2HW
KMDD0646	342.40	343.50	1.10	0.65	2.02	50	0.09	2.80
KMDD0646	362.50	363.00	0.50	0.30	1.04	14	0.61	2.18
KMDD0670	92.40	94.70	2.30	2.04	3.40	8	0.86	4.85
KMDD0670	104.85	113.70	8.85	7.85	0.24	10	1.12	2.12	K1
KMDD0670	117.50	119.88	2.38	2.11	0.22	17	3.12	5.33	K1HW
KMDD0670	133.40	136.30	2.90	2.57	0.21	11	2.42	4.15	K2FW
KMDD0670	138.85	145.75	6.90	6.12	4.19	6	0.71	5.37	K2
KMDD0670	149.25	150.75	1.50	1.33	0.21	27	1.83	3.43	K2HW
KMDD0690	116.10	120.00	3.90	3.41	1.85	5	1.65	4.51	K1
KMDD0690	150.60	157.20	6.60	5.70	1.90	10	0.46	2.76	K2
KMDD0689	122.90	126.30	3.40	3.09	5.39	6	0.11	5.65	K1
KMDD0689	171.25	177.70	6.45	5.86	0.40	3	0.23	0.81	K2
KMDD0685	58.20	59.90	1.70	1.51	2.31	3	0.11	2.52
KMDD0685	69.20	71.17	1.97	1.75	9.33	2	0.04	9.41	K1
KMDD0685	121.40	122.20	0.80	0.71	2.38	5	0.10	2.60	K2
KMDD0684	55.50	59.20	3.70	3.48	3.55	3	0.61	4.54	K1
KMDD0684	102.03	103.00	0.97	0.91	18.00	29	1.93	21.40	K2
KMDD0683	150.95	157.20	6.25	5.00	1.25	27	1.47	3.90	K1
KMDD0683	163.60	174.20	10.60	8.51	11.00	65	1.22	13.75	K2
KMDD0683	174.20	181.00	6.80	5.47	2.26	33	0.97	4.19	K2HW
KMDD0683	204.10	207.98	3.88	3.15	1.42	19	0.39	2.28
KMDD0682	117.30	129.00	11.70	8.74	3.65	3	0.44	4.39	K1
KMDD0682	111.43	114.00	2.57	1.92	2.04	6	0.36	2.68	K1FW
KMDD0682	54.00	55.00	1.00	0.76	6.01	3	0.04	6.11
KMDD0682	0.15	2.00	1.85	1.40	2.83	3	0.27	3.29
KMDD0681	0.00	6.00	6.00	5.14	0.94	2	0.35	1.51
KMDD0681	10.00	11.00	1.00	0.68	2.26	2	0.04	2.35
KMDD0681	71.30	72.00	0.70	0.61	0.96	4	0.26	1.43
KMDD0681	113.35	122.50	9.15	8.01	2.19	1	0.03	2.26	K1
KMDD0681	167.25	170.30	3.05	2.68	0.32	5	0.20	0.70	K2
KMDD0676	61.00	66.40	5.40	4.44	1.58	30	0.35	2.52
KMDD0676	67.80	79.50	11.70	9.63	2.32	3	0.44	3.05	K1
KMDD0676	95.40	102.00	6.60	5.43	0.94	2	0.29	1.41	KL
KMDD0676	112.30	118.45	6.15	5.06	1.28	19	0.21	1.85	K2
KMDD0675	118.90	123.90	5.00	2.98	1.61	12	1.39	3.94
KMDD0675	127.30	144.00	16.70	13.07	4.29	66	1.57	7.59	K1
KMDD0675	149.30	151.65	2.35	1.40	4.13	19	0.90	5.79
KMDD0675	166.10	176.25	10.15	6.04	6.72	22	1.32	9.08	K2
KMDD0667	128.80	134.22	5.42	4.46	5.30	3	0.17	5.60	K1
KMDD0667	139.20	147.80	8.60	7.05	2.46	35	2.42	6.70	K2
KMDD0686A	95.65	101.00	5.35	2.67	3.12	3	0.12	3.35	K1
KMDD0686A	112.85	114.90	2.05	1.03	12.11	8	0.10	12.37	KL
KMDD0686A	161.40	164.55	3.15	1.58	2.61	24	0.91	4.35	K2
KMDD0691	100.30	104.00	3.70	3.52	0.61	8	0.38	1.30	K1
KMDD0691	133.00	138.00	5.00	4.75	2.00	9	1.37	4.27	K2
KMDD0691	148.00	156.00	8.00	7.60	2.21	17	0.89	3.81	K2HW
KMDD0691	166.15	169.20	3.05	2.90	0.97	17	1.28	3.19	K3
KMDD0688A	102.00	104.80	2.80	2.56	5.49	3	0.07	5.64	K1
KMDD0688A	117.98	120.18	2.20	2.01	7.19	5	0.81	8.53	KL
KMDD0688A	177.56	180.62	3.06	2.75	1.17	4	0.46	1.95	K2
KMDD0694	126.10	131.58	5.48	4.81	1.21	2	0.32	1.74	K1
KMDD0694	132.90	134.30	1.40	1.23	1.36	3	0.30	1.87	KL
KMDD0694	163.00	165.00	2.00	1.79	2.39	10	0.14	2.73	K2
KMDD0693	110.64	112.20	1.56	1.40	5.36	3	0.69	6.48	K1
KMDD0693	123.47	126.42	2.95	2.64	3.84	2	0.14	4.07	KL
KMDD0693	163.28	167.13	3.85	3.44	0.87	4	0.19	1.22	K2
KMDD0695	102.95	108.90	5.95	5.07	2.06	5	0.48	2.87	K1
KMDD0695	118.95	120.65	1.70	1.44	5.10	4	0.04	5.21	KL
KMDD0695	187.70	191.20	3.50	2.86	0.26	2	0.32	0.78	K2
K92DD0024	13.37	14.60	1.23	1.11	20.23	11	0.10	20.53
K92DD0024	68.22	75.67	7.45	6.72	0.42	2	0.18	0.73	J1
K92DD0024	82.30	84.20	1.90	1.71	1.66	1.00	0.02	1.70
K92DD0024	122.30	133.42	11.12	10.25	0.42	3.00	0.11	0.63	K1
K92DD0024	232.85	234.13	1.28	1.19	0.09	8.00	0.82	1.48	K2
K92DD0020	88.00	97.20	9.20	7.63	0.46	1.68	0.03	0.53
K92DD0020	105.60	108.56	2.96	2.27	0.30	1	0.16	0.57
K92DD0020	111.20	113.32	2.12	1.63	2.28	1	0.03	2.34
K92DD0020	144.40	146.92	2.52	1.61	1.09	1	0.13	1.31
K92DD0020	156.70	158.60	1.90	1.50	2.08	3	0.30	2.58
K92DD0020	161.45	164.55	3.10	2.45	0.74	1	0.05	0.83
K92DD0020	181.90	185.85	3.95	3.15	0.54	3	0.33	1.09	K1
K92DD0025	14.00	15.00	1.00	0.70	5.75	4	0.09	5.94
K92DD0025	97.70	101.75	4.05	2.82	0.60	5	0.52	1.48	J1

Table 2

Kainantu Gold Mine – Significant Intercepts from Judd Underground Diamond Drilling

Hole ID	From (m)	To (m)	Interval (m)	True width (m)	Gold g/t	Silver g/t	Copper %	Gold Eq	Vein
JDD0200	110.00	115.72	5.72	2.82	1.48	3	0.05	1.60	J1
JDD0200	122.90	123.71	0.81	0.40	8.67	1	0.11	8.86
JDD0207	105.10	105.85	0.75	0.74	0.38	11	2.27	4.08	J1
JDD0207	121.33	126.00	4.67	4.62	0.67	12	0.69	1.91	J1L
JDD0211	54.35	65.25	10.90	8.89	4.44	7	0.71	5.64	J1
JDD0211	72.75	74.15	1.40	1.15	2.22	10	0.83	3.64	J1N
JDD0208A	157.67	159.52	1.85	1.57	0.92	17	0.29	1.59	J1LFW
JDD0208A	139.00	140.00	1.00	0.85	1.73	19	2.31	5.59	J1L
JDD0208A	131.93	133.00	1.07	0.91	0.19	12	2.17	3.75	J1LHW
JDD0208A	117.80	121.15	3.35	3.07	0.80	11	1.36	3.07	J1
JDD0209	231.35	234.10	2.75	1.87	0.28	48	0.00	0.90	J1LFW
JDD0209	214.00	220.00	6.00	4.08	0.26	3	0.01	0.31	J1L
JDD0209	195.00	197.00	2.00	1.36	0.54	11	0.01	0.70	J1LHW
JDD0209	161.00	169.55	8.55	5.84	0.13	3	0.82	1.45	J1
JDD0210	339.57	343.10	3.53	1.79	0.60	37	2.14	4.43	J1LFW
JDD0210	279.00	282.06	3.06	1.55	0.27	10	0.50	1.18	J1L
JDD0210	168.50	180.90	12.40	6.30	0.18	3	0.26	0.63	J1
JDD0212	211.70	222.40	10.70	5.25	0.44	18	0.57	1.56	J1
JDD0214	226.90	235.20	8.30	5.31	0.42	24	0.09	0.87	J1LFW
JDD0214	197.70	201.60	3.90	2.44	0.94	30	0.82	2.61	J1L
JDD0214	170.70	173.15	2.45	1.41	0.22	12	0.29	0.83	J1
JDD0214	65.00	67.66	2.66	1.54	0.79	1	0.01	0.82	J1HW
JDD0216	54.00	57.94	3.94	2.36	0.14	3	0.05	0.26
JDD0216	108.30	113.00	4.70	2.89	0.84	32	0.56	2.13	J1
JDD0216	117.10	121.70	4.60	2.84	0.64	1	0.04	0.72	J1HW
JDD0218	39.80	45.60	5.80	4.48	0.10	6	0.28	0.62
JDD0217	38.88	41.80	2.92	2.56	0.32	12	0.82	1.76
JDD0217	58.00	63.00	5.00	4.42	0.49	13	0.26	1.06	J1
JDD0213	186.90	194.80	7.90	3.25	0.27	8	0.18	0.65	J1
JDD0213	299.40	303.80	4.40	2.06	1.07	36	3.91	7.66	J1L
JDD0219	82.82	83.73	0.91	0.72	0.67	13	0.77	2.05	J1
JDD0219	97.00	99.55	2.55	1.98	0.84	6	0.20	1.22
JDD0219	121.90	122.34	0.44	0.33	0.52	3	0.11	0.73	J12
JDD0220	107.40	108.75	1.35	0.88	3.16	12	0.03	3.36	J1
JDD0224	55.90	56.90	1.00	0.62	1.76	115	0.53	4.07	J1
JDD0224	66.70	67.40	0.70	0.44	4.73	7	0.01	4.85	J12
JDD0223	149.00	149.47	0.47	0.42	1.73	3	0.06	1.86	J1N
JDD0223	135.30	141.83	6.53	5.85	16.66	19	0.31	17.41	J1
JDD0232	142.70	146.66	3.96	2.86	4.85	11	0.63	5.99	J1
JDD0232	151.18	154.50	3.32	2.22	1.26	120	2.40	6.56	J1N
JDD0233	144.90	149.92	5.02	3.32	4.91	7	0.43	5.67	J1
JDD0233	151.60	155.00	3.40	2.25	3.21	25	0.50	4.32	J1N
JDD0234	157.38	159.40	2.02	1.25	3.37	14	0.17	3.83	J1
JDD0235	187.20	191.33	4.13	2.79	68.00	13	0.60	69.10	J1
JDD0236	203.66	211.00	7.34	4.25	5.88	21	0.56	7.03	J1
JDD0230	131.60	136.00	4.40	3.24	17.96	23	0.39	18.87	J1
JDD0231	129.33	133.00	3.67	2.85	37.49	59	1.79	41.05	J1
JDD0226	103.30	105.30	2.00	1.19	8.31	166	0.38	11.03
JDD0226	139.30	141.75	2.45	1.46	1.27	23	0.76	2.76	J1
JDD0226	201.92	203.75	1.83	1.05	2.39	19	0.04	2.70
JDD0226	218.80	222.50	3.70	2.11	0.31	16	0.96	2.02	J1L
JDD0226	228.00	229.20	1.20	0.68	1.08	88	2.32	5.85
JDD0226	294.60	299.40	4.80	2.70	0.70	63	6.24	11.30
JDD0227	202.00	206.60	4.60	2.31	0.32	29	0.73	1.84	J1
JDD0227	283.00	287.00	4.00	2.05	0.26	51	0.87	2.27	J1L
JDD0227	354.00	364.00	10.00	5.26	0.98	16	0.17	1.45
JDD0237	200.00	205.10	5.10	2.61	1.19	5	0.55	2.11	J1
JDD0238	163.59	166.16	2.57	1.54	9.41	13	0.40	10.19	J1
JDD0238	177.38	179.70	2.32	1.39	6.34	4	0.33	6.90	J1N
JDD0238	189.00	189.40	0.40	0.24	1.02	1	0.01	1.05
JDD0238	211.17	213.10	1.93	1.17	1.51	6	0.60	2.53
JDD0238	215.42	218.00	2.58	0.55	0.71	1	0.01	0.75
JDD0239	40.10	43.75	3.65	2.48	8.65	7	0.33	9.26
JDD0239	76.00	78.70	2.70	1.79	44.03	11	0.19	44.48	J1
JDD0239	81.36	82.60	1.24	0.82	3.32	13	0.14	3.70	J1L
JDD0239	94.90	95.52	0.62	0.41	7.71	108	6.89	19.90
JDD0239	96.98	98.36	1.38	0.59	1.50	42	0.64	3.04
JDD0239	106.35	107.08	0.73	0.47	6.43	76	3.03	12.16
JDD0225	41.00	42.00	1.00	0.67	2.18	75	0.04	3.21
JDD0225	131.55	136.30	4.75	3.14	0.46	38	1.20	2.83	J1
JDD0225	191.60	195.70	4.10	2.68	0.33	20	1.27	2.57	J1L
JDD0225	202.85	212.50	9.65	6.30	0.25	15	0.99	2.00
JDD0225	267.00	271.32	4.32	2.79	0.53	15	1.11	2.47
JDD0225	276.00	280.89	4.89	3.16	0.60	36	0.93	2.53

Table 3

Kainantu Gold Mine – Significant Intercepts from Kora South, Judd and Judd South Surface Diamond Drilling

Hole ID	From (m)	To (m)	Interval (m)	True width (m)	Gold g/t	Silver g/t	Copper %	Gold Eq	Vein
KUDD0053	172.00	172.80	0.80	0.16	3.19	60	0.05	4.04	K1FW
KUDD0053	207.00	210.00	3.00	0.60	4.37	38	0.02	4.90	K1
KUDD0053	220.90	258.20	37.30	5.38	1.17	118	0.14	2.90	K2FW
KUDD0053	239.00	317.50	78.50	11.86	24.94	116	0.38	27.03	K2
KUDD0053	350.40	378.00	27.60	5.52	2.39	26	0.43	3.40	K2HW
KUDD0055	135.90	137.10	1.20	0.53	1.06	2	0.01	1.10	K2FW
KUDD0055	172.10	174.20	2.10	0.92	2.47	17	0.06	2.77	K2
KUDD0052	268.60	269.00	0.40	0.20	2.03	205	5.43	13.18	J2FW
KUDD0052	328.70	350.00	21.30	10.44	3.72	30	0.55	4.97	J2
KUDD0054	25.80	26.80	1.00	0.64	3.76	1	0.02	3.80	K1
KUDD0056	240.40	253.00	12.60	3.78	2.71	40	0.37	3.80	K2FW
KUDD0056	267.70	301.70	34.00	10.20	5.45	130	0.65	8.14	K2
KUDD0057	178.80	180.00	1.20	0.59	2.22	123	0.04	3.86	K2HW
KUDD0057	247.60	253.00	5.40	2.65	1.08	120	1.49	4.95	K2
KUDD0057	324.80	336.10	11.30	5.54	2.89	114	0.88	5.74	K1
KUDD0057	348.00	350.80	2.80	1.37	1.08	68	4.02	8.25	K1Splay
KUDD0057	362.40	373.40	11.00	5.39	0.15	26	1.00	2.05	K1FW
KUDD0058	181.10	183.90	2.80	1.62	4.62	15	0.41	5.44	J2
KUDD0058	187.70	196.00	8.30	4.81	1.33	25	1.16	3.47	J1FW
KUDD0058	203.90	227.70	23.80	13.80	0.80	22	0.56	1.97	J1
KUDD0058	421.40	424.90	3.50	2.03	0.72	48	5.28	9.61	K1
KUDD0058	457.20	459.25	2.05	1.19	0.32	20	1.31	2.64	K1HW
KUDD0058	474.40	476.10	1.70	0.99	0.17	11	1.15	2.12	K2FW
KUDD0058	479.70	530.70	51.00	29.58	0.82	48	3.58	7.04	K2
KUDD0058	536.10	540.50	4.40	2.55	1.00	30	2.07	4.62	K2HW
KUDD0044	67.00	67.80	0.80	0.32	0.08	640	0.21	8.64
KUDD0044	448.20	470.10	21.90	8.76	1.26	17	0.99	3.04	J2
including	462.25	470.10	7.85	3.14	1.58	21	2.07	5.10
KUDD0059	147.80	148.40	0.60	0.39	2.93	3	0.10	3.13
KUDD0061	59.00	60.40	1.40	0.69	6.38	1	0.01	6.40	J1H
KUDD0061	102.00	109.00	7.00	3.43	0.58	9	0.53	1.52	J1
KUDD0061	144.00	149.00	5.00	2.45	1.03	4	0.18	1.37	J2
KUDD0061	168.00	171.00	3.00	1.47	0.29	9	0.74	1.56	J2FW
KUDD0062	101.30	106.80	5.50	2.26	0.57	24	0.30	1.35	K2
KUDD0062	129.00	136.00	7.00	2.87	0.27	25	0.04	0.66	K2HW
KUDD0060	0.00	4.40	4.40	2.33	5.13	1	0.01	5.16	K1
KUDD0060	93.50	94.20	0.70	0.37	2.63	48	1.31	5.31	K2
KUDD0060	105.90	107.60	1.70	0.90	0.31	53	0.58	1.89	K2HW
KUDD0064	182.00	192.00	10.00	4.10	0.35	69	1.23	3.16	K2HW
KUDD0064	196.00	201.30	5.30	2.17	0.84	210	2.22	7.03	K2
KUDD0064	213.00	219.50	6.50	2.67	0.21	27	0.46	1.28	K2FW
KUDD0063	13.00	15.20	2.20	0.90	1.41	4	0.01	1.49	K1
KUDD0063	245.30	247.00	1.70	0.90	9.90	11	0.01	10.06	K2
KUDD0063	207.00	222.10	15.10	8.00	1.18	8	0.17	1.54	K2FW
KODD0041	314.50	316.00	1.50	0.75	0.17	22	1.43	2.70	J3FW
KODD0041	326.20	326.80	0.60	0.30	4.19	57	4.04	11.25	J3
KODD0041	342.48	346.40	3.92	1.96	0.11	9	0.68	1.29	J3HW
KODD0041	379.80	403.00	23.20	11.60	2.27	21	0.77	3.74	J2
including	384.20	398.70	14.50	7.25	3.00	25	0.89	4.71
KODD0046	201.90	202.30	0.40	0.26	0.83	13	0.01	1.01	J1
KODD0046	242.50	243.10	0.60	0.40	0.06	14	1.88	3.19	J1HW
KODD0043	101.30	101.70	0.40	0.15	0.08	3	0.78	1.34	J2FW
KODD0043	106.10	108.30	2.20	0.81	2.39	21	0.37	3.24	J2
KODD0043	126.40	127.90	1.50	0.56	1.45	16	0.20	1.97	J2HW
KODD0043	177.40	178.10	0.70	0.26	18.10	8	0.05	18.28	J1FW
KODD0043	190.10	191.80	1.70	0.63	1.33	8	0.93	2.89	J1FW2
KODD0043	245.00	246.60	1.60	0.59	0.79	50	1.36	3.56	J1
KODD0045	77.70	78.55	0.85	0.50	2.52	3	0.02	2.59	J3HW
KODD0045	102.00	102.60	0.60	0.35	0.23	33	2.22	4.13	J2Splay
KODD0045	130.80	133.40	2.60	1.53	0.19	34	1.10	2.35	J2FW
KODD0045	145.40	154.80	9.40	5.55	0.08	19	2.33	4.70	J2
KODD0047	90.50	94.00	3.50	1.72	0.24	119	0.52	2.58	J2FW
KODD0047	119.00	135.20	16.20	7.94	0.30	8	0.57	1.30	J2
KODD0047	218.20	218.60	0.40	0.20	0.87	5	0.11	1.11	J1
KODD0048	83.00	83.60	0.60	0.31	1.65	0	0.00	1.66	J2FW
KODD0048	130.60	131.00	0.40	0.21	0.88	68	1.68	4.39	J2
KODD0048	156.10	157.60	1.50	0.78	1.24	4	0.63	2.28	J1
KODD0049	76.00	77.00	1.00	0.58	0.38	64	1.16	3.01	J2FW
KODD0049	91.70	92.20	0.50	0.29	0.14	24	2.34	4.12	J2
KODD0049	121.80	125.50	3.70	2.15	1.28	7	0.18	1.65	J2HW
KODD0049	133.15	133.70	0.55	0.32	0.87	18	3.45	6.51	J2Splay
KODD0049	174.90	175.30	0.40	0.23	0.14	8	0.50	1.03	J1
KODD0049	464.20	469.35	5.15	2.99	0.10	10	1.75	2.97	K1FW
KODD0049	488.60	526.50	37.90	21.98	0.79	13	1.17	2.80	K1
KODD0050	164.95	166.85	1.90	0.76	1.71	97	5.78	12.01	J2FW
KODD0050	176.00	191.80	15.80	6.32	0.26	10	0.94	1.86	J2
KODD0053	131.10	136.10	5.00	3.15	0.98	6	0.57	1.95	K1FW
KODD0053	141.30	144.70	3.40	2.14	0.52	14	1.79	3.51	K1
KODD0053	147.40	148.40	1.00	0.63	0.12	4	2.97	4.84	K1HW
KODD0054	136.70	143.70	7.00	3.99	0.92	8	0.94	2.50	J2
KODD0054	519.40	529.70	10.30	5.87	2.61	10	1.69	5.39	K1
KODD0054	532.00	544.70	12.70	7.24	0.50	6	1.50	2.93	K1HW
KODD0054	551.10	563.50	12.40	7.07	0.87	25	1.34	3.29	K2FW
KODD0054	570.90	578.00	7.10	4.05	3.98	60	3.06	9.55	K2HW
KODD0051	58.00	59.00	1.00	0.45	7.41	12	0.08	7.70	J1
KODD0051	202.40	205.30	2.90	1.31	0.88	10	1.75	3.76	K1
KODD0051	205.30	258.80	53.50	11.84	3.53	5	0.55	4.47	K2FW
KODD0051	249.20	263.00	13.80	2.79	1.87	6	1.05	3.59	K2
KODD0051	279.00	290.80	11.80	5.31	1.81	6	1.20	3.77	K2HW
KODD0055	59.70	63.20	3.50	2.70	1.72	2	0.05	1.83	J2
KODD0055	278.90	280.30	1.40	1.08	0.75	14	4.95	8.69	J1FW
KODD0055	285.60	295.45	9.85	7.58	7.37	2	0.13	7.58	J1
KODD0055	308.00	308.30	0.30	0.23	25.20	30	5.42	34.08	J1HW
KODD0055	322.15	327.15	5.00	3.85	0.81	5	0.98	2.40	K1
KODD0055	336.00	337.70	1.70	1.31	1.53	6	0.52	2.42	K1HW
KODD0055	372.75	373.10	0.35	0.27	0.62	16	1.81	3.66	K2

Table 4

Kainantu Gold Mine – Collar Locations for Kora and Judd Surface and Underground Drilling

Hole ID	Collar location			Collar orientation			Lode
	Local North	Local East	mRL	Dip	Local azimuth	EOH depth (m)
JDD0200	58797	29934	1283	33	41	187	Judd
JDD0207	58209	29846	1223	0	95	160	Judd
JDD0208A	58209	29846	1222	-34	93	173	Judd
JDD0209	58209	29846	1221	-57	94	263	Judd
JDD0210	58209	29846	1221	-69	92	343	Judd
JDD0211	58795	29934	1282	21	76	80	Judd
JDD0212	58207	29845	1224	32	148	320	Judd
JDD0213	58208	29845	1221	-49	96	372	Judd
JDD0214	58207	29846	1223	15	147	290	Judd
JDD0216	58836	30015	904	39	250	128	Judd
JDD0217	58835	30014	903	16	247	99	Judd
JDD0218	58836	30015	901	-21	248	128	Judd
JDD0219	58837	30015	904	41	291	133	Judd
JDD0220	58839	30014	905	30	322	127	Judd
JDD0223	58787	29887	1315	30	115	171	Judd
JDD0224	59127	30005	892	25	222	135	Judd
JDD0225	58022	29845	1225	-9	146	290	Judd
JDD0226	58023	29845	1225	-32	147	316	Judd
JDD0227	58023	29845	1224	-50	148	372	Judd
JDD0230	58788	29887	1315	31	104	182	Judd
JDD0231	58789	29887	1282	33	91	166	Judd
JDD0232	58789	29888	1315	34	73	176	Judd
JDD0233	58789	29888	1315	29	67	168	Judd
JDD0234	58790	29887	1315	27	59	179	Judd
JDD0235	58787	29887	1316	42	126	212	Judd
JDD0236	58789	29887	1316	43	79	216	Judd
JDD0237	58790	29887	1316	39	57	224	Judd
JDD0238	58789	29887	1316	39	71	222	Judd
JDD0239	58644	29934	1343	33	118	131	Judd
K92DD0020	59370	30015	884	-30	250	202	Kora
K92DD0024	59489	30020	882	-8	248	270	Irumafimpa
K92DD0025	59489	30020	882	-31	249	148	Kora
KMDD0574	58207	29841	1221	-38	207	190	Kora
KMDD0575	58208	29841	1221	-50	211	252	Kora
KMDD0577	58650	29905	1301	26	221	234	Kora
KMDD0578	58650	29905	1301	20	221	218	Kora
KMDD0580	59488	30020	881	-36	231	179	Kora
KMDD0581	59489	30020	881	-45	247	355	Kora
KMDD0582	58651	29904	1301	23	241	158	Kora
KMDD0585	59371	30015	883	-43	252	232	Kora
KMDD0586	59370	30015	883	-52	248	454	Kora
KMDD0588A	59490	30020	881	-53	272	418	Kora
KMDD0590	58797	29938	1322	1	318	205	Kora
KMDD0591	58797	29938	1322	8	318	166	Kora
KMDD0592	58797	29938	1322	17	320	195	Kora
KMDD0593	58797	29938	1323	27	318	206	Kora
KMDD0595	58651	29905	1301	37	244	195	Kora
KMDD0596	58780	29984	1313	28	330	335	Kora
KMDD0597	58776	29984	1314	40	243	265	Kora
KMDD0598	58777	29984	1314	43	262	239	Kora
KMDD0599	58778	29984	1314	42	281	245	Kora
KMDD0600	58778	29984	1314	40	297	263	Kora
KMDD0601	59371	30015	887	41	252	236	Kora
KMDD0602	59489	30020	884	36	246	206	Kora
KMDD0607	59490	30020	882	-23	272	292	Kora
KMDD0608	59490	30020	881	-41	272	309	Kora
KMDD0609	59490	30020	882	5	273	249	Kora
KMDD0612	59235	30009	888	-19	262	253	Kora
KMDD0614	59235	30009	887	-40	262	323	Kora
KMDD0616	59235	30010	886	-56	261	510	Kora
KMDD0617	58797	29938	1322	11	314	201	Kora
KMDD0618	58796	29938	1323	35	284	185	Kora
KMDD0619	58796	29938	1323	35	271	183	Kora
KMDD0620	58795	29938	1323	25	259	170	Kora
KMDD0621	58795	29938	1323	32	259	181	Kora
KMDD0622	58795	29937	1323	25	250	166	Kora
KMDD0623	58795	29938	1323	32	248	194	Kora
KMDD0624	58604	29972	1316	44	294	243	Kora
KMDD0625	58603	29972	1315	43	273	252	Kora
KMDD0626	58602	29972	1315	43	251	278	Kora
KMDD0627	59491	30020	882	-13	288	78	Judd
KMDD0628	59491	30020	883	10	291	99	Judd
KMDD0630	58024	29838	1225	-10	229	184	Kora
KMDD0631A	58024	29839	1224	-42	228	208	Kora
KMDD0632	58024	29839	1224	-57	227	142	Kora
KMDD0633	58024	29838	1227	33	228	218	Kora
KMDD0634	58794	29937	1323	23	234	180	Kora
KMDD0635	58794	29937	1323	30	232	231	Kora
KMDD0643	59492	30020	882	-10	324	166	Judd
KMDD0644	58600	29973	1314	23	207	415	Kora
KMDD0645	59127	30005	889	-40	259	310	Kora
KMDD0646	59127	30005	888	-49	260	420	Kora
KMDD0648	58600	29972	1315	33	216	400	Kora
KMDD0649	58600	29972	1314	18	215	380	Kora
KMDD0650	58941	29887	898	10	236	161	Kora
KMDD0651B	58940	29888	899	27	236	73	Kora
KMDD0652	58022	29838	1225	-7	202	262	Kora
KMDD0654A	58024	29839	1224	-45	206	137	Kora
KMDD0656	58941	29887	899	13	251	135	Kora
KMDD0657	58794	29937	1323	31	230	259	Kora
KMDD0659	58810	29972	903	4	273	192	Kora
KMDD0662	58794	29937	1323	32	232	216	Kora
KMDD0663	58961	29918	897	9	291	161	Kora
KMDD0664	58961	29918	898	12	322	150	Kora
KMDD0665	58797	29938	1322	12	319	192	Kora
KMDD0667	58796	29938	1323	31	297	160	Kora
KMDD0668	58943	29886	898	13	284	135	Kora
KMDD0670	58758	29895	909	5	254	162	Kora
KMDD0675	58757	29895	909	3	237	194	Kora
KMDD0676	58941	29887	900	34	252	141	Kora
KMDD0677	58942	29886	899	30	277	134	Kora
KMDD0681	59005	29947	898	23	263	201	Kora
KMDD0682	59006	29948	898	33	293	144	Kora
KMDD0683	58757	29895	909	17	238	232	Kora
KMDD0684	58942	29886	899	25	280	130	Kora
KMDD0685	58943	29887	898	22	303	197	Kora
KMDD0686A	59006	29948	897	18	282	191	Kora
KMDD0688A	59006	29948	897	21	292	206	Kora
KMDD0689	58972	29946	898	29	283	211	Kora
KMDD0690	58760	29896	909	22	299	178	Kora
KMDD0691	58759	29495	910	22	276	186	Kora
KMDD0693	58951	29938	898	29	265	199	Kora
KMDD0694	58951	29938	898	25	251	203	Kora
KMDD0695	59006	29948	897	24	294	242	Kora
KODD0041	58426	30183	1909	-66	264	404	Judd south
KODD0043	58402	30064	1914	-52	215	325	Judd south
KODD0045	58402	30064	1914	-52	230	310	Judd south
KODD0046	58952	30075	1872	-48	215	288	Judd south
KODD0047	58401	30063	1914	-58	247	396	Judd south
KODD0048	58952	30075	1872	-52	308	262	Judd south
KODD0049	58402	30064	1914	-57	245	575	Judd south
KODD0050	58952	30075	1872	-66	313	305	Judd South
KODD0051	59535	29991	1671	-63	248	488	Judd south
KODD0053	59535	29991	1671	-52	271	374	Judd South
KODD0054	58402	30064	1914	-62	263	629	Judd south
KODD0055	59518	30122	1797	-45	270	464	Judd south
KUDD0052	58047	30076	1836	-62	322	592	Kora South
KUDD0053	57801	29900	1861	-67	310	421	Kora South
KUDD0054	57167	29839	1963	-45	90	425	Kora South
KUDD0055	57801	29900	1861	-62	221	305	Kora South
KUDD0056	57801	29900	1861	-75	300	542	Kora South
KUDD0057	57861	29767	1814	-63	20	387	Kora South
KUDD0058	58047	30075	1835	-58	286	598	Kora South
KUDD0059	57167	20851	1963	-45	270	340	Kora South
KUDD0060	58035	29871	1837	-62	285	191	Kora South
KUDD0061	58035	29871	1837	-51	90	197	Kora South
KUDD0062	58035	29871	1837	-66	257	175	Kora South
KUDD0063	58035	29871	1837	-72	299	368	Kora South
KUDD0064	58035	29871	1837	-73	271	264	Kora South
KUDD0044	58047	30076	1836	-72	238	491	Judd

Table 5

Kora and Judd Mineral Resource Estimate (Effective Date September 12, 2023, 3 g/t gold equivalent cut-off)

	Tonnes	Gold		Silver		Copper		AuEq
	Mt	g/t	moz	g/t	moz	%	kt	g/t	moz
Kora
Measured	3.7	8.74	1.0	20.5	2.5	1.21	45.0	10.96	1.3
Indicated	3.1	6.99	0.7	21.9	2.2	1.31	41.3	9.40	1.0
Total M&I	6.9	7.94	1.8	21.1	4.7	1.25	86.2	10.24	2.3
Inferred	14.3	5.60	2.6	28.7	13.2	1.62	231.2	8.60	3.9
Judd
Measured	0.4	9.05	0.12	19.0	0.25	0.80	3.2	10.58	0.14
Indicated	0.8	6.37	0.17	15.6	0.42	0.73	6.2	7.76	0.21
Total M&I	1.2	7.24	0.29	16.7	0.67	0.75	9.4	8.68	0.35
Inferred	2.3	6.27	0.45	15.8	1.15	0.76	17.2	7.72	0.56
Kora and Judd
Measured	4.1	8.77	1.2	20.4	2.7	1.17	48.2	10.92	1.5
Indicated	4.0	6.86	0.9	20.6	2.6	1.19	47.4	9.05	1.2
Total M&I	8.1	7.83	2.0	20.5	5.3	1.18	95.6	10.00	2.6
Inferred	16.5	5.69	3.0	27.0	14.3	1.50	248.3	8.48	4.5

• The Independent and Qualified Person responsible for the Mineral Resource estimate is Simon Tear, P.Geo. of H & S Consultants Pty. Ltd., Sydney, Australia, and the effective date of the estimate is September 12, 2023.
• Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
• Geological interpretation has generated a series of narrow, sub-vertical vein structures based on delineated wireframes on 10m, 20m and 25m spaced cross sections. The design of the lode wireframes is based on a combination of logged geology, Au, Cu & Ag assay grades and locally on a nominal minimum mining width of 5.2m, all coupled with geological sense.
• Resources were compiled at 3 g/t gold equivalent cut-off grades for Kora and Judd.
• Density (t/m³) was modelled using Ordinary Kriging on 2,778 sample measurements. Areas within the mineral wireframes where no density grades were interpolated had average default values inserted at appropriate levels.
• Reported tonnage and grade figures are rounded from raw estimates to reflect the order of accuracy of the estimate.
• Minor variations may occur during the addition of rounded numbers.
• Estimations used metric units (metres, tonnes and g/t).
• Gold equivalents are calculated as AuEq = Au g/t + Cu%*1.6481+ Ag g/t*0.0114. Gold price US$1,700/oz; Silver US$22.5/oz; Copper US$4.00/lb. Metal payabilities and recoveries are incorporated into the AuEq formula. Recoveries of 95% for copper and 80% for silver were used.
  
  

Drill Hole Sampling Methodology, QA/QC and Qualified Person

Diamond drill hole is first logged to determine the sampling intervals, which range from a minimum of 0.1 metres to generally 1 metre. The drill core is sawn half core cut along a reference line, with the remainder of the core returned to the core tray. Core samples are then placed in numbered calico and plastic bags, with a numbered sample ticket for dispatch to the assay laboratory. Samples are separately assayed for gold, copper and silver. K92’s procedure includes the insertion standards, blanks and duplicates. Gold assays are by the fire assay method. Copper and silver assays are by three-acid-digestion method (nitric, perchloric & hydrochloric mix).

K92 maintains an industry-standard analytical quality assurance and quality control (QA/QC) and data verification program to monitor laboratory performance and ensure high quality assays. Results from this program confirm reliability of the assay results. All sampling and analytical work for the mine exploration program is performed by Intertek Testing Services (PNG) LTD, an independent accredited laboratory that is located on site. External check assays for QA/QC purposes are performed at SGS Australia Pty Ltd in Townsville, Queensland, Australia.

The analytical QA/QC program is currently overseen by Andrew Kohler, PGeo, Mine Geology Manager and Mine Exploration Manager for K92. Andrew Kohler, a qualified person under the meaning of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and is responsible for the technical content of this news release.

About K92

K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018 and is in a strong financial position. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.

On Behalf of the Company,

John Lewins, Chief Executive Officer and Director

For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, and the Kainantu 2022 Preliminary Economic Assessment, including the Stage 3 Expansion, a new standalone 1.2 mtpa process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.

All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the COVID-19 virus; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.

Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Figure 1 – K1 Vein Long Section

Figure 2 – K2 Vein Long Section

Figure 3 – J1 Vein Long Section

Figure 4 – J2 Vein Long Section

Figure 5 – Kora-Irumafimpa Long Section

Figure 6 – Judd Long Section

Figure 7 – JDD0231 Core Photograph, 129.56 – 134.50m; within intersection of 3.67 m at 41.05 g/t AuEq or 37.49 g/t Au, 59 g/t Ag and 1.79% Cu from the J1 Vein.

Figure 8 – KMDD0591 Core Photograph, 145.00 – 149.70m; within intersection of 3.90 m at 49.78 g/t AuEq or 49.14 g/t Au, 8 g/t Ag and 0.34% Cu from the K1 Vein.

Figure 9 – KMDD0657 Core Photograph, 168.75 – 178.30m; within intersection of 6.05 m at 47.27 g/t AuEq or 38.03 g/t Au, 94 g/t Ag and 5.13% from the K2 Vein.

Figure 10 – KMDD0662 Core Photograph, 160.35 – 170.42m; within intersection of 9.00 m at 40.36 g/t AuEq or 32.47 g/t Au, 63 g/t Ag, and 4.52% Cu from the K2 Vein.

 

Photos accompanying this announcement are available at: