Diamond drilling returns positive result: Miner


K92 MINING Inc has announced positive results from its ongoing underground diamond drilling of the Kora deposit at its gold mine in Kainantu, Eastern Highlands.
According to the company, results for the latest 50 diamond drill holes completed from underground into the Kora deposit continue to demonstrate high-grade and continuity of Kora.
K92 chief executive officer and director, John Lewins said: “The latest drilling results at Kora continue to deliver very high grades, solid thickness while also expanding known and delineating new high-grade areas.”
He said in addition to high-grade step-outs to the south, the results were also highlighted by high-grade step-outs to the north.
“I would also like to note that this set of results at Kora will be our final set ahead of our upcoming Kora resource update,” Lewins said.
“Over the past 18 months, drilling at Kora has largely been infill and we are pleased to highlight that we have recently commenced a major pivot to resource growth focused drilling.
“At Judd, there now four drill rigs operating from underground; the majority of our underground drill rigs,” Lewins said.
“At Kora South, drilling has recently commenced for the first time from surface and plans are in place to add a second drill rig.”
Meanwhile, K92 Mining is focused on operating and expanding the Kainantu gold mine, Lewins said.
Since acquiring the project from Barrick Gold in 2014 and restarting in late-2016, K92 has transformed Kainantu into a rapidly expanding producer.
Production has also been low cost, which is a testament to the high grade, continuity, solid thickness, geotechnical and metallurgical characteristics of the deposit.
The transformation was driven by a series of near-mine infrastructure exploration discoveries.