K92 Mining issues drilling results for Kainantu Gold Mine
K92 Mining Inc. has reported the findings from its inaugural drill program at Arakompa, situated near the Kainantu Gold Mine in Papua New Guinea.
The project, located approximately 4.5 km southeast of the Kainantu Gold Mine’s processing facility, has shown promising results from the first two drill holes. John Lewins, the CEO and Director of K92 Mining Inc., expressed enthusiasm about the early results, highlighting the multiple intersections and substantial size potential observed through surface sampling, drill holes, and local workings.
Drill results
The mineralized corridor at Arakompa spans approximately 1.7 km in strike length, with a width ranging from 150 to 225 m and a vertical extent exceeding 500 m. Importantly, Arakompa’s proximity to existing infrastructure and the processing plant presents an opportunity for potential production expansion beyond the ongoing Stage 4 Expansion at Kainantu.
Plans are already underway to expand the drilling program at Arakompa in the near future, indicating confidence in the project’s prospects. Chris Muller, the Executive Vice President of Exploration at K92, noted that Arakompa represents a vein system similar to the Kora-Judd consolidated corridor, with significant potential. Besides high-grade massive sulphide veins, gold mineralization associated with widespread phyllic alteration suggests the presence of a fertile porphyry system at depth.
Previous drilling efforts by Renison Goldfields Consolidated Limited and Highlands Gold Limited have shown promising results, despite limited historical drilling of only 1766 m. However, these efforts primarily targeted shallow parts of the veins, leaving substantial potential for further exploration along the strike length and at depth.
The proximity of Arakompa to existing infrastructure, particularly the Lae-Madang Highway, enhances the feasibility of conducting a substantial drilling campaign cost-effectively. K92 Mining Inc. looks forward to collaborating with stakeholders to potentially delineate a significant resource in Papua New Guinea.
