Mine announces results of programme

Business

By Gedion Timothy
THE K92 mine has announced the initial results of its ongoing grade control drilling programme at its high-grade K92 gold mine in Eastern Highlands.
The programme is currently in the start –up phase. The highlights include:

  • Grade increase from 5.82 grams per tonne gold (gpt Au) in original Australian Mine Design and Development (AMDAD) Stope Model to 9.21 gpt Au;
  • combined ounces in the two stope designs increase from 1,550 ounces  (ozs) Au to 2,390 oz Au; and,
  • Intercepts include 102 gpt Au over 1.1m and 9.21 gpt Au over 0.5m in Grade Control Diamond Drilling (GCDD) 002 and 30.19 gpt Au over 2.5m in GCDD 001

Chief executive officer Ian Stalker said the results had significantly increased both the predicted grade and contained gold ounces in the first two production stopes.
“These results are very positive, as the stopes are located at the southern extremity of the resource where data is limited and significantly lower grades were expected.
“The results, combined with the results from the recently completed Preliminary Economic Assessment on Kora reinforce our belief that this high grade gold system has significant expansion potential,” he said.
“The key focus of the technical team on site was the successful ramp up in our production from the Irumafimpa ore body and these first grade control results certainly indicate we are on track.”

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