K92 mine starts diamond drilling

Business

By GEDION TIMOTHY
THE K92 Mine has begun diamond drilling underground at the Irumafimpa Gold Deposit and has engaged Quest Exploration Drilling (QED) to undertake the work.
Chief executive officer Ian Stalker said K92 selected QED as the drilling contractor due to their extensive experience in the Asia Pacific region.
In PNG, QED has a regional office and workshop in Lae near the Kainantu mine site.
He said the combination of being locally established, which provided excellent support for site, and their specialised expertise in underground drilling, made QED an ideal supplier to K92.
“QED has provided two rigs, one of which is focused on drilling out the Irumafimpa orebody for grade control and mine planning purposes, and the second unit for drilling of the Judd Vein System targeting expansion,” he said.
“The initial resource estimate for the Kora and Irumafimpa deposits, situated in the company’s mining lease 150, is 1.84 million inferred ounces, at 11.6 gram per ton of gold equivalent (g/t Au eq) and 240,000 indicated ounces at 13.3 g/t Au eq,” Stalker said.
“This mineral resource estimate is based on 78,935 metres of drilling from 767 holes and 18,312 metres of assayed intervals across all lodes.
“Kora remains open in all directions and strongly mineralised at the extent of drilling.
“Judd was identified from earlier drilling by Barrick Gold Corporation, and exploration work, as having a strike length of at least 2500 meters running parallel to and to the East of the Irumafimpa and Kora deposits, only 50 to 100 metres from the main incline.”
Chief operating officer and director John Lewins said: “The technical team onsite has done an excellent job with the production re-start and we are on schedule.”

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