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 IDFrom (m)To (m)Interval
(m)
True width
(m)
Gold g/tSilver g/tCopper %Gold EqVein
KMDD057791.0091.250.250.170.57524.348.04 
KMDD0577130.80131.150.350.230.58233.937.04 
KMDD0577166.30166.500.200.130.57143.325.95 
KMDD0577169.90170.300.400.2716.47270.6317.80K1
KMDD0577177.35189.0011.657.801.80171.604.53K2
KMDD0577197.50199.001.501.000.33182.374.28 
KMDD0577205.00207.202.201.470.40151.793.40K2HW
KMDD0580103.00106.003.001.821.1337.000.201.92J1
KMDD0574158.00180.0022.009.160.6137.002.304.69K2
KMDD0574186.00190.004.001.682.99240.924.74K2HW
KMDD0578168.40174.816.414.103.4060.985.01K1
KMDD0578179.65187.007.354.721.03213.226.35K2
KMDD0582109.00111.002.001.611.0470.321.63K1
KMDD0582119.30135.0015.7012.671.34352.265.33K2
KMDD0582150.75157.506.755.450.4990.601.55K2HW
KMDD0595117.82120.002.181.205.8350.576.79K1
KMDD0595129.32146.8017.489.611.9070.783.21K2
KMDD0595172.42180.207.784.251.09700.733.13K2HW
KMDD0590148.66151.923.262.8086.40100.2586.92K1
KMDD0590156.60162.005.404.862.3050.102.52K2
KMDD0596226.50227.551.050.591.45252.535.74K1FW
KMDD0596261.11269.858.744.9224.21140.9725.91K1
KMDD0596270.75280.009.255.210.39110.090.66K2
KMDD0575235.00247.0012.001.170.51211.753.51K2
KMDD058596.9598.681.730.961.1820.011.22J1
KMDD0585128.50137.609.105.150.5660.050.72 
KMDD0585178.45181.903.452.211.7530.422.45 
KMDD0585194.10196.001.901.221.4420.021.50 
KMDD0585209.20211.001.801.143.6610.033.72K1
KMDD0586118.00122.004.001.833.1941.165.06J1
KMDD0586165.00168.403.401.652.04140.032.27 
KMDD0586226.40229.703.301.940.9250.241.36 
KMDD0586304.70307.202.501.670.2550.110.49K1
KMDD0586326.05327.851.801.220.96511.093.32K2
KMDD0591145.80149.703.903.2949.1480.3449.78K1
KMDD0591151.75155.003.252.807.9280.438.70K2
KMDD0581182.73185.903.171.890.6210.030.68 
KMDD0581266.00271.105.103.040.66110.611.76K1
KMDD0588A252.85253.150.300.196.671181.5610.63 
KMDD0588A273.00274.431.430.910.1990.641.31K1
KMDD0588A304.18308.003.822.430.06100.661.22 
KMDD0588A356.00356.650.650.440.23372.224.19 
KMDD0588A371.40375.003.602.420.1950.430.93K2
KMDD0588A395.00396.701.701.140.25281.623.15 
KMDD0602153.35156.553.202.483.76130.184.21K1FW
KMDD0602179.40185.406.004.675.5430.045.64K1
KMDD0597199.04201.462.421.722.34101.484.79 
KMDD0597212.60214.201.601.142.3062.065.61K1
KMDD0597218.70225.356.654.751.22101.193.21K2
KMDD0598201.10204.002.902.302.43101.965.63K1
KMDD0598213.00223.7010.708.491.23190.712.59K2
KMDD0593145.20155.009.806.081.97170.292.64K1
KMDD0593162.00167.405.403.311.8960.202.28K2
KMDD060756.0059.703.703.210.1620.060.28J1HW
KMDD060785.9091.005.104.290.8620.050.96 
KMDD0607128.50133.404.904.351.0210.011.05K1
KMDD0607221.70225.503.803.451.9730.052.09K2
KMDD061270.0074.004.003.380.5720.040.66J1HW
KMDD0612146.70150.503.803.320.4620.300.96K1
KMDD0612155.00160.055.054.410.2430.250.67K1HW
KMDD0612224.00225.001.000.878.90161.1710.94K2
KMDD060168.8072.603.802.320.5620.070.70J1HW
KMDD0601179.00182.003.002.781.0410.021.08K1
KMDD0599193.00195.752.752.280.3020.160.58K1
KMDD0599200.23216.0015.7713.094.11160.354.86K2
KMDD0599223.00225.602.602.1622.81170.4623.75K2HW
KMDD0599232.70235.502.802.320.62120.321.28K3
KMDD0600211.87217.956.084.251.82110.021.99K1
KMDD0600229.75233.503.752.592.85320.063.36K2
KMDD060958.8064.705.905.880.8360.111.08J1HW
KMDD0609139.00140.001.001.000.1220.010.16K1
KMDD0592148.20153.705.504.1621.18150.5022.16K1
KMDD0592156.50160.203.702.831.74160.142.17K2
KMDD0592170.85174.103.252.5276.86370.0177.35K2HW
KMDD0592181.80187.005.204.090.6990.511.61K3
KMDD061497.00103.286.284.050.6220.080.77J1HW
KMDD0614141.50143.001.501.0637.41102.2341.03 
KMDD0614177.00185.008.005.731.0320.211.38K1
KMDD0614204.80206.201.401.001.9760.522.86 
KMDD0614277.00277.600.600.440.1750.050.31K2
KMDD0617134.75137.002.251.7827.8582.9932.64K1
KMDD0617139.75144.855.104.0320.06110.8021.46K2
KMDD0617167.00167.900.900.717.47110.127.80K2HW
KMDD0619124.68132.107.426.174.81170.896.42K1
KMDD0619137.70142.304.603.826.76512.3911.16K2
KMDD0619144.30146.201.901.574.33161.206.42K2HW
KMDD0619153.22158.305.084.201.34140.101.68K3
KMDD0624204.26206.902.641.925.111163.9012.71K1
KMDD0624212.80218.405.604.0614.31305.4023.16K2
KMDD0624221.95224.002.051.481.4040.151.69K2HW
KMDD0624227.40230.403.002.170.96130.742.29 
KMDD0624237.00239.772.771.991.20351.323.72 
KMDD0608157.30159.402.101.5212.3310.0112.36K1
KMDD0608234.80236.561.761.275.9310.015.96 
KMDD0608239.50239.750.250.1851.7910.0251.83 
KMDD0616152.85163.9011.055.081.06120.241.59J1HW
KMDD0616224.55230.185.633.081.7610.051.85K1
KMDD0616374.65376.631.981.071.5640.101.77K2
KMDD0622120.40126.876.475.925.6880.917.21K1
KMDD0622135.93142.556.626.060.4150.521.29K1HW
KMDD0622154.60162.307.707.051.40100.642.53K2
KMDD0623123.45131.758.307.516.8690.868.32K1
KMDD0623137.60149.6012.009.000.5660.521.45K1HW
KMDD0623162.65172.159.508.551.22131.133.16K2
KMDD0634139.28151.3712.099.5415.45341.9218.90K1
KMDD0650163.71168.224.513.560.52110.291.12K1HW
KMDD062613.0515.702.652.012.0940.342.67J1HW
KMDD062619.4421.602.161.412.2320.573.15 
KMDD0626220.60226.365.764.278.70322.0212.28K1
KMDD0626229.55233.203.652.704.3771.586.94KL
KMDD0626238.40241.282.882.131.47280.462.55K2
KMDD0626263.45266.202.752.041.04432.205.04K2HW
KMDD0618128.30135.457.155.130.7820.241.18K1
KMDD0618136.60144.958.355.972.35331.625.31K2
KMDD0618149.00160.6011.608.260.5971.012.26K2HW
KMDD0618164.00166.002.001.420.3160.651.41K3
KMDD0621120.35123.002.651.917.6580.438.43K1
KMDD0621126.80129.702.902.0920.23101.4322.60KL
KMDD0621135.60139.103.502.505.36312.159.13K2
KMDD0621152.10156.604.503.195.30710.587.12K2HW
KMDD0621162.75164.451.701.200.45251.362.90K3
KMDD0620115.80124.208.407.4812.65100.9014.19K1
KMDD0620130.70137.406.705.961.30191.003.11KL
KMDD0620148.60154.405.805.162.79351.135.01K2
KMDD064586.4587.200.750.555.80153.9312.15 
KMDD064596.00108.0012.008.830.4460.531.35 
KMDD0645192.60196.654.052.982.3020.342.86K1
KMDD0645219.70220.500.800.592.8650.623.90 
KMDD063069.0075.106.104.160.28100.110.58K2
KMDD0630105.00106.601.601.100.63550.051.42 
KMDD0630144.41149.184.772.300.24110.020.42 
KMDD0630154.80158.403.602.490.2280.020.35 
KMDD0625224.00226.002.001.550.22211.002.06K3
KMDD0625210.30215.945.644.383.3460.934.88K2HW
KMDD0625199.00208.169.167.127.0341.098.79K2
KMDD0625187.00189.182.181.703.6260.524.52 
KMDD062511.4412.651.210.9616.19230.5017.28J1HW
KMDD0644374.30378.454.151.970.31180.741.70K3
KMDD0644354.50357.803.301.560.66143.346.08K2HW
KMDD0644345.64352.306.663.150.54274.187.44K2
KMDD0644327.94328.850.910.440.36305.569.45 
KMDD064457.3059.001.700.703.2820.153.55 
KMDD06441.962.360.400.152.6460.052.80J1HW
KMDD062761.1063.001.901.780.2510.040.33J1HW
KMDD062862.4266.003.583.503.2330.193.56J1HW
KMDD062874.6777.372.702.640.2230.160.52 
KMDD0643133.60137.904.302.750.5150.120.76J1HW
KMDD0643152.00155.103.101.950.6460.231.07 
KMDD065644.8054.009.208.033.06380.273.97K1
KMDD065660.0067.007.006.055.3830.566.29KL
KMDD0656107.00115.008.006.642.36330.363.36K2
KMDD065051.7057.305.604.352.04130.112.37K1
KMDD065072.3476.273.933.110.9310.281.39KL
KMDD0650117.22125.808.587.210.7430.391.38K2
KMDD0650132.25140.157.906.700.91230.702.30K2HW
KMDD0650152.10153.801.701.463.30431.015.44K3
KMDD063295.60104.909.302.797.871053.8815.30K2
KMDD0632118.90131.9013.004.250.50281.062.53K2HW
KMDD0632163.00165.002.000.681.02150.031.27 
KMDD0632210.85212.001.150.4125.65130.0325.87 
KMDD063375.0079.004.002.540.24322.494.55K2
KMDD0633127.58129.602.021.260.25420.010.82K2HW
KMDD0633198.92199.640.720.461.03240.071.44 
KMDD0633204.03207.002.971.880.4610.010.49 
KMDD0631A86.0091.005.002.340.25160.531.28K2
KMDD0631A107.55109.501.950.910.2320.030.32K2HW
KMDD0631A138.00140.602.601.230.3660.010.45 
KMDD0631A187.00189.352.351.120.46210.020.75 
KMDD0635146.70157.8511.158.348.40884.3016.27K1
KMDD0635163.77168.654.883.750.7380.892.24K2
KMDD0635190.70192.301.601.231.51400.633.01 
KMDD0635204.50208.704.203.235.36560.907.49K2HW
KMDD0654A27.0028.001.000.396.4480.036.58 
KMDD0654A101.50103.451.950.740.26323.996.93K1FW
KMDD0654A109.50110.450.950.371.7710.021.82 
KMDD0654A112.15129.6017.456.8216.77723.8923.79K2
KMDD0657159.48163.453.972.523.98443.459.96K1
KMDD0657171.00177.056.053.8338.03945.1347.27K2
KMDD0657198.20200.302.101.3316.02450.2917.05K2HW
KMDD0652105.67124.5018.835.770.73572.645.61K2
KMDD066368.3072.604.303.972.5980.203.02K1FW
KMDD066377.2879.632.352.154.94270.105.44K1
KMDD066383.5085.101.601.451.7610.152.00K1HW
KMDD066387.1489.482.342.121.4330.021.51 
KMDD066392.0093.701.701.531.72170.522.74 
KMDD0663132.74136.083.342.841.24130.432.08K2
KMDD0662125.00127.002.001.391.7410.011.77 
KMDD0662151.05156.205.153.588.67271.5611.46K1
KMDD0662162.00171.009.006.2632.47634.5240.36K2
KMDD0662173.40174.300.900.631.39111.233.45K2HW
KMDD0662177.55177.900.350.242.69170.794.15 
KMDD0662190.20199.008.806.163.69321.055.74K3
KMDD066496.80101.004.202.890.8770.561.84 
KMDD0664119.00124.255.253.611.6240.212.00K1
KMDD0665147.95156.008.055.774.7490.585.76K1
KMDD0665156.90159.002.101.511.6680.412.40K2
KMDD064940.9541.900.950.567.681091.2511.04 
KMDD0649247.60248.400.800.470.60152.574.82 
KMDD0649295.00295.800.800.471.06293.867.48 
KMDD0649300.60302.451.851.0917.14333.8923.67K1
KMDD0649306.50327.8021.3012.050.65301.703.70K2
KMDD066836.4041.855.455.402.20410.493.51 
KMDD066848.2549.671.421.411.5131.133.31 
KMDD066851.9552.360.410.415.1530.065.28 
KMDD066858.1267.709.589.491.8850.132.15K1
KMDD066888.5088.920.420.421.8061.323.95 
KMDD066899.50104.575.075.040.74211.162.83K2
KMDD067724.8025.901.101.001.94150.933.59 
KMDD067761.0075.0014.0012.713.7120.204.06K1
KMDD0677111.70115.153.453.450.97243.336.49K2
KMDD0651B64.3068.704.403.200.75250.351.63K1
KMDD065916.3022.005.705.680.7760.181.13J1
KMDD065999.2599.600.350.352.33171.955.60 
KMDD0659172.60174.501.901.892.0491.344.26K1
KMDD06481.002.001.000.491.2230.161.52 
KMDD064844.9545.750.800.394.4530.064.57 
KMDD0648123.00124.001.000.495.3120.015.35 
KMDD0648303.40306.453.051.480.40142.314.20 
KMDD0648317.70327.8810.184.950.5551.392.79K1
KMDD0648333.80338.004.202.045.80111.628.48K2
KMDD0648341.40344.503.101.511.0980.832.50 
KMDD0648368.00369.121.120.540.87792.656.04 
KMDD0646121.50122.100.600.351.0850.081.26 
KMDD0646134.76137.002.241.300.9140.141.19 
KMDD0646145.72147.601.881.091.43100.061.65 
KMDD0646177.60182.675.072.940.71140.541.73 
KMDD0646202.54205.002.461.430.8220.131.06 
KMDD0646214.94216.001.060.6213.2680.2113.69 
KMDD0646226.00226.450.450.261.6720.081.82 
KMDD0646229.00232.773.772.193.3830.163.68 
KMDD0646248.80254.005.203.022.2120.122.43K1
KMDD0646257.94258.450.510.301.9120.052.01 
KMDD0646324.65325.901.250.741.74801.004.35K2
KMDD0646332.93333.440.510.303.98900.495.91K2HW
KMDD0646342.40343.501.100.652.02500.092.80 
KMDD0646362.50363.000.500.301.04140.612.18 
KMDD067092.4094.702.302.043.4080.864.85 
KMDD0670104.85113.708.857.850.24101.122.12K1
KMDD0670117.50119.882.382.110.22173.125.33K1HW
KMDD0670133.40136.302.902.570.21112.424.15K2FW
KMDD0670138.85145.756.906.124.1960.715.37K2
KMDD0670149.25150.751.501.330.21271.833.43K2HW
KMDD0690116.10120.003.903.411.8551.654.51K1
KMDD0690150.60157.206.605.701.90100.462.76K2
KMDD0689122.90126.303.403.095.3960.115.65K1
KMDD0689171.25177.706.455.860.4030.230.81K2
KMDD068558.2059.901.701.512.3130.112.52 
KMDD068569.2071.171.971.759.3320.049.41K1
KMDD0685121.40122.200.800.712.3850.102.60K2
KMDD068455.5059.203.703.483.5530.614.54K1
KMDD0684102.03103.000.970.9118.00291.9321.40K2
KMDD0683150.95157.206.255.001.25271.473.90K1
KMDD0683163.60174.2010.608.5111.00651.2213.75K2
KMDD0683174.20181.006.805.472.26330.974.19K2HW
KMDD0683204.10207.983.883.151.42190.392.28 
KMDD0682117.30129.0011.708.743.6530.444.39K1
KMDD0682111.43114.002.571.922.0460.362.68K1FW
KMDD068254.0055.001.000.766.0130.046.11 
KMDD06820.152.001.851.402.8330.273.29 
KMDD06810.006.006.005.140.9420.351.51 
KMDD068110.0011.001.000.682.2620.042.35 
KMDD068171.3072.000.700.610.9640.261.43 
KMDD0681113.35122.509.158.012.1910.032.26K1
KMDD0681167.25170.303.052.680.3250.200.70K2
KMDD067661.0066.405.404.441.58300.352.52 
KMDD067667.8079.5011.709.632.3230.443.05K1
KMDD067695.40102.006.605.430.9420.291.41KL
KMDD0676112.30118.456.155.061.28190.211.85K2
KMDD0675118.90123.905.002.981.61121.393.94 
KMDD0675127.30144.0016.7013.074.29661.577.59K1
KMDD0675149.30151.652.351.404.13190.905.79 
KMDD0675166.10176.2510.156.046.72221.329.08K2
KMDD0667128.80134.225.424.465.3030.175.60K1
KMDD0667139.20147.808.607.052.46352.426.70K2
KMDD0686A95.65101.005.352.673.1230.123.35K1
KMDD0686A112.85114.902.051.0312.1180.1012.37KL
KMDD0686A161.40164.553.151.582.61240.914.35K2
KMDD0691100.30104.003.703.520.6180.381.30K1
KMDD0691133.00138.005.004.752.0091.374.27K2
KMDD0691148.00156.008.007.602.21170.893.81K2HW
KMDD0691166.15169.203.052.900.97171.283.19K3
KMDD0688A102.00104.802.802.565.4930.075.64K1
KMDD0688A117.98120.182.202.017.1950.818.53KL
KMDD0688A177.56180.623.062.751.1740.461.95K2
KMDD0694126.10131.585.484.811.2120.321.74K1
KMDD0694132.90134.301.401.231.3630.301.87KL
KMDD0694163.00165.002.001.792.39100.142.73K2
KMDD0693110.64112.201.561.405.3630.696.48K1
KMDD0693123.47126.422.952.643.8420.144.07KL
KMDD0693163.28167.133.853.440.8740.191.22K2
KMDD0695102.95108.905.955.072.0650.482.87K1
KMDD0695118.95120.651.701.445.1040.045.21KL
KMDD0695187.70191.203.502.860.2620.320.78K2
K92DD002413.3714.601.231.1120.23110.1020.53 
K92DD002468.2275.677.456.720.4220.180.73J1
K92DD002482.3084.201.901.711.661.000.021.70 
K92DD0024122.30133.4211.1210.250.423.000.110.63K1
K92DD0024232.85234.131.281.190.098.000.821.48K2
K92DD002088.0097.209.207.630.461.680.030.53 
K92DD0020105.60108.562.962.270.3010.160.57 
K92DD0020111.20113.322.121.632.2810.032.34 
K92DD0020144.40146.922.521.611.0910.131.31 
K92DD0020156.70158.601.901.502.0830.302.58 
K92DD0020161.45164.553.102.450.7410.050.83 
K92DD0020181.90185.853.953.150.5430.331.09K1
K92DD002514.0015.001.000.705.7540.095.94 
K92DD002597.70101.754.052.820.6050.521.48J1


Table 2

Kainantu Gold Mine – Significant Intercepts from Judd Underground Diamond Drilling

Hole IDFrom (m)To (m)Interval
(m)
True width
(m)
Gold g/tSilver g/tCopper %Gold EqVein
JDD0200110.00115.725.722.821.4830.051.60J1
JDD0200122.90123.710.810.408.6710.118.86 
JDD0207105.10105.850.750.740.38112.274.08J1
JDD0207121.33126.004.674.620.67120.691.91J1L
JDD021154.3565.2510.908.894.4470.715.64J1
JDD021172.7574.151.401.152.22100.833.64J1N
JDD0208A157.67159.521.851.570.92170.291.59J1LFW
JDD0208A139.00140.001.000.851.73192.315.59J1L
JDD0208A131.93133.001.070.910.19122.173.75J1LHW
JDD0208A117.80121.153.353.070.80111.363.07J1
JDD0209231.35234.102.751.870.28480.000.90J1LFW
JDD0209214.00220.006.004.080.2630.010.31J1L
JDD0209195.00197.002.001.360.54110.010.70J1LHW
JDD0209161.00169.558.555.840.1330.821.45J1
JDD0210339.57343.103.531.790.60372.144.43J1LFW
JDD0210279.00282.063.061.550.27100.501.18J1L
JDD0210168.50180.9012.406.300.1830.260.63J1
JDD0212211.70222.4010.705.250.44180.571.56J1
JDD0214226.90235.208.305.310.42240.090.87J1LFW
JDD0214197.70201.603.902.440.94300.822.61J1L
JDD0214170.70173.152.451.410.22120.290.83J1
JDD021465.0067.662.661.540.7910.010.82J1HW
JDD021654.0057.943.942.360.1430.050.26 
JDD0216108.30113.004.702.890.84320.562.13J1
JDD0216117.10121.704.602.840.6410.040.72J1HW
JDD021839.8045.605.804.480.1060.280.62 
JDD021738.8841.802.922.560.32120.821.76 
JDD021758.0063.005.004.420.49130.261.06J1
JDD0213186.90194.807.903.250.2780.180.65J1
JDD0213299.40303.804.402.061.07363.917.66J1L
JDD021982.8283.730.910.720.67130.772.05J1
JDD021997.0099.552.551.980.8460.201.22 
JDD0219121.90122.340.440.330.5230.110.73J12
JDD0220107.40108.751.350.883.16120.033.36J1
JDD022455.9056.901.000.621.761150.534.07J1
JDD022466.7067.400.700.444.7370.014.85J12
JDD0223149.00149.470.470.421.7330.061.86J1N
JDD0223135.30141.836.535.8516.66190.3117.41J1
JDD0232142.70146.663.962.864.85110.635.99J1
JDD0232151.18154.503.322.221.261202.406.56J1N
JDD0233144.90149.925.023.324.9170.435.67J1
JDD0233151.60155.003.402.253.21250.504.32J1N
JDD0234157.38159.402.021.253.37140.173.83J1
JDD0235187.20191.334.132.7968.00130.6069.10J1
JDD0236203.66211.007.344.255.88210.567.03J1
JDD0230131.60136.004.403.2417.96230.3918.87J1
JDD0231129.33133.003.672.8537.49591.7941.05J1
JDD0226103.30105.302.001.198.311660.3811.03 
JDD0226139.30141.752.451.461.27230.762.76J1
JDD0226201.92203.751.831.052.39190.042.70 
JDD0226218.80222.503.702.110.31160.962.02J1L
JDD0226228.00229.201.200.681.08882.325.85 
JDD0226294.60299.404.802.700.70636.2411.30 
JDD0227202.00206.604.602.310.32290.731.84J1
JDD0227283.00287.004.002.050.26510.872.27J1L
JDD0227354.00364.0010.005.260.98160.171.45 
JDD0237200.00205.105.102.611.1950.552.11J1
JDD0238163.59166.162.571.549.41130.4010.19J1
JDD0238177.38179.702.321.396.3440.336.90J1N
JDD0238189.00189.400.400.241.0210.011.05 
JDD0238211.17213.101.931.171.5160.602.53 
JDD0238215.42218.002.580.550.7110.010.75 
JDD023940.1043.753.652.488.6570.339.26 
JDD023976.0078.702.701.7944.03110.1944.48J1
JDD023981.3682.601.240.823.32130.143.70J1L
JDD023994.9095.520.620.417.711086.8919.90 
JDD023996.9898.361.380.591.50420.643.04 
JDD0239106.35107.080.730.476.43763.0312.16 
JDD022541.0042.001.000.672.18750.043.21 
JDD0225131.55136.304.753.140.46381.202.83J1
JDD0225191.60195.704.102.680.33201.272.57J1L
JDD0225202.85212.509.656.300.25150.992.00 
JDD0225267.00271.324.322.790.53151.112.47 
JDD0225276.00280.894.893.160.60360.932.53 


Table 3

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

Hole IDFrom (m)To (m)Interval
(m)
True width
(m)
Gold g/tSilver g/tCopper %Gold EqVein
KUDD0053172.00172.800.800.163.19600.054.04K1FW
KUDD0053207.00210.003.000.604.37380.024.90K1
KUDD0053220.90258.2037.305.381.171180.142.90K2FW
KUDD0053239.00317.5078.5011.8624.941160.3827.03K2
KUDD0053350.40378.0027.605.522.39260.433.40K2HW
KUDD0055135.90137.101.200.531.0620.011.10K2FW
KUDD0055172.10174.202.100.922.47170.062.77K2
KUDD0052268.60269.000.400.202.032055.4313.18J2FW
KUDD0052328.70350.0021.3010.443.72300.554.97J2
KUDD005425.8026.801.000.643.7610.023.80K1
KUDD0056240.40253.0012.603.782.71400.373.80K2FW
KUDD0056267.70301.7034.0010.205.451300.658.14K2
KUDD0057178.80180.001.200.592.221230.043.86K2HW
KUDD0057247.60253.005.402.651.081201.494.95K2
KUDD0057324.80336.1011.305.542.891140.885.74K1
KUDD0057348.00350.802.801.371.08684.028.25K1Splay
KUDD0057362.40373.4011.005.390.15261.002.05K1FW
KUDD0058181.10183.902.801.624.62150.415.44J2
KUDD0058187.70196.008.304.811.33251.163.47J1FW
KUDD0058203.90227.7023.8013.800.80220.561.97J1
KUDD0058421.40424.903.502.030.72485.289.61K1
KUDD0058457.20459.252.051.190.32201.312.64K1HW
KUDD0058474.40476.101.700.990.17111.152.12K2FW
KUDD0058479.70530.7051.0029.580.82483.587.04K2
KUDD0058536.10540.504.402.551.00302.074.62K2HW
KUDD004467.0067.800.800.320.086400.218.64 
KUDD0044448.20470.1021.908.761.26170.993.04J2
including462.25470.107.853.141.58212.075.10 
KUDD0059147.80148.400.600.392.9330.103.13 
KUDD006159.0060.401.400.696.3810.016.40J1H
KUDD0061102.00109.007.003.430.5890.531.52J1
KUDD0061144.00149.005.002.451.0340.181.37J2
KUDD0061168.00171.003.001.470.2990.741.56J2FW
KUDD0062101.30106.805.502.260.57240.301.35K2
KUDD0062129.00136.007.002.870.27250.040.66K2HW
KUDD00600.004.404.402.335.1310.015.16K1
KUDD006093.5094.200.700.372.63481.315.31K2
KUDD0060105.90107.601.700.900.31530.581.89K2HW
KUDD0064182.00192.0010.004.100.35691.233.16K2HW
KUDD0064196.00201.305.302.170.842102.227.03K2
KUDD0064213.00219.506.502.670.21270.461.28K2FW
KUDD006313.0015.202.200.901.4140.011.49K1
KUDD0063245.30247.001.700.909.90110.0110.06K2
KUDD0063207.00222.1015.108.001.1880.171.54K2FW
KODD0041314.50316.001.500.750.17221.432.70J3FW
KODD0041326.20326.800.600.304.19574.0411.25J3
KODD0041342.48346.403.921.960.1190.681.29J3HW
KODD0041379.80403.0023.2011.602.27210.773.74J2
including384.20398.7014.507.253.00250.894.71 
KODD0046201.90202.300.400.260.83130.011.01J1
KODD0046242.50243.100.600.400.06141.883.19J1HW
KODD0043101.30101.700.400.150.0830.781.34J2FW
KODD0043106.10108.302.200.812.39210.373.24J2
KODD0043126.40127.901.500.561.45160.201.97J2HW
KODD0043177.40178.100.700.2618.1080.0518.28J1FW
KODD0043190.10191.801.700.631.3380.932.89J1FW2
KODD0043245.00246.601.600.590.79501.363.56J1
KODD004577.7078.550.850.502.5230.022.59J3HW
KODD0045102.00102.600.600.350.23332.224.13J2Splay
KODD0045130.80133.402.601.530.19341.102.35J2FW
KODD0045145.40154.809.405.550.08192.334.70J2
KODD004790.5094.003.501.720.241190.522.58J2FW
KODD0047119.00135.2016.207.940.3080.571.30J2
KODD0047218.20218.600.400.200.8750.111.11J1
KODD004883.0083.600.600.311.6500.001.66J2FW
KODD0048130.60131.000.400.210.88681.684.39J2
KODD0048156.10157.601.500.781.2440.632.28J1
KODD004976.0077.001.000.580.38641.163.01J2FW
KODD004991.7092.200.500.290.14242.344.12J2
KODD0049121.80125.503.702.151.2870.181.65J2HW
KODD0049133.15133.700.550.320.87183.456.51J2Splay
KODD0049174.90175.300.400.230.1480.501.03J1
KODD0049464.20469.355.152.990.10101.752.97K1FW
KODD0049488.60526.5037.9021.980.79131.172.80K1
KODD0050164.95166.851.900.761.71975.7812.01J2FW
KODD0050176.00191.8015.806.320.26100.941.86J2
KODD0053131.10136.105.003.150.9860.571.95K1FW
KODD0053141.30144.703.402.140.52141.793.51K1
KODD0053147.40148.401.000.630.1242.974.84K1HW
KODD0054136.70143.707.003.990.9280.942.50J2
KODD0054519.40529.7010.305.872.61101.695.39K1
KODD0054532.00544.7012.707.240.5061.502.93K1HW
KODD0054551.10563.5012.407.070.87251.343.29K2FW
KODD0054570.90578.007.104.053.98603.069.55K2HW
KODD005158.0059.001.000.457.41120.087.70J1
KODD0051202.40205.302.901.310.88101.753.76K1
KODD0051205.30258.8053.5011.843.5350.554.47K2FW
KODD0051249.20263.0013.802.791.8761.053.59K2
KODD0051279.00290.8011.805.311.8161.203.77K2HW
KODD005559.7063.203.502.701.7220.051.83J2
KODD0055278.90280.301.401.080.75144.958.69J1FW
KODD0055285.60295.459.857.587.3720.137.58J1
KODD0055308.00308.300.300.2325.20305.4234.08J1HW
KODD0055322.15327.155.003.850.8150.982.40K1
KODD0055336.00337.701.701.311.5360.522.42K1HW
KODD0055372.75373.100.350.270.62161.813.66K2


Table 4
Kainantu Gold Mine – Collar Locations for Kora and Judd Surface and Underground Drilling

Hole ID
Collar location Collar orientationLode
Local NorthLocal EastmRLDipLocal azimuthEOH depth (m)
JDD0200587972993412833341187Judd
JDD020758209298461223095160Judd
JDD0208A58209298461222-3493173Judd
JDD020958209298461221-5794263Judd
JDD021058209298461221-6992343Judd
JDD021158795299341282217680Judd
JDD02125820729845122432148320Judd
JDD021358208298451221-4996372Judd
JDD02145820729846122315147290Judd
JDD0216588363001590439250128Judd
JDD021758835300149031624799Judd
JDD02185883630015901-21248128Judd
JDD0219588373001590441291133Judd
JDD0220588393001490530322127Judd
JDD02235878729887131530115171Judd
JDD0224591273000589225222135Judd
JDD022558022298451225-9146290Judd
JDD022658023298451225-32147316Judd
JDD022758023298451224-50148372Judd
JDD02305878829887131531104182Judd
JDD0231587892988712823391166Judd
JDD0232587892988813153473176Judd
JDD0233587892988813152967168Judd
JDD0234587902988713152759179Judd
JDD02355878729887131642126212Judd
JDD0236587892988713164379216Judd
JDD0237587902988713163957224Judd
JDD0238587892988713163971222Judd
JDD02395864429934134333118131Judd
K92DD00205937030015884-30250202Kora
K92DD00245948930020882-8248270Irumafimpa
K92DD00255948930020882-31249148Kora
KMDD057458207298411221-38207190Kora
KMDD057558208298411221-50211252Kora
KMDD05775865029905130126221234Kora
KMDD05785865029905130120221218Kora
KMDD05805948830020881-36231179Kora
KMDD05815948930020881-45247355Kora
KMDD05825865129904130123241158Kora
KMDD05855937130015883-43252232Kora
KMDD05865937030015883-52248454Kora
KMDD0588A5949030020881-53272418Kora
KMDD0590587972993813221318205Kora
KMDD0591587972993813228318166Kora
KMDD05925879729938132217320195Kora
KMDD05935879729938132327318206Kora
KMDD05955865129905130137244195Kora
KMDD05965878029984131328330335Kora
KMDD05975877629984131440243265Kora
KMDD05985877729984131443262239Kora
KMDD05995877829984131442281245Kora
KMDD06005877829984131440297263Kora
KMDD0601593713001588741252236Kora
KMDD0602594893002088436246206Kora
KMDD06075949030020882-23272292Kora
KMDD06085949030020881-41272309Kora
KMDD060959490300208825273249Kora
KMDD06125923530009888-19262253Kora
KMDD06145923530009887-40262323Kora
KMDD06165923530010886-56261510Kora
KMDD06175879729938132211314201Kora
KMDD06185879629938132335284185Kora
KMDD06195879629938132335271183Kora
KMDD06205879529938132325259170Kora
KMDD06215879529938132332259181Kora
KMDD06225879529937132325250166Kora
KMDD06235879529938132332248194Kora
KMDD06245860429972131644294243Kora
KMDD06255860329972131543273252Kora
KMDD06265860229972131543251278Kora
KMDD06275949130020882-1328878Judd
KMDD062859491300208831029199Judd
KMDD063058024298381225-10229184Kora
KMDD0631A58024298391224-42228208Kora
KMDD063258024298391224-57227142Kora
KMDD06335802429838122733228218Kora
KMDD06345879429937132323234180Kora
KMDD06355879429937132330232231Kora
KMDD06435949230020882-10324166Judd
KMDD06445860029973131423207415Kora
KMDD06455912730005889-40259310Kora
KMDD06465912730005888-49260420Kora
KMDD06485860029972131533216400Kora
KMDD06495860029972131418215380Kora
KMDD0650589412988789810236161Kora
KMDD0651B58940298888992723673Kora
KMDD065258022298381225-7202262Kora
KMDD0654A58024298391224-45206137Kora
KMDD0656589412988789913251135Kora
KMDD06575879429937132331230259Kora
KMDD065958810299729034273192Kora
KMDD06625879429937132332232216Kora
KMDD066358961299188979291161Kora
KMDD0664589612991889812322150Kora
KMDD06655879729938132212319192Kora
KMDD06675879629938132331297160Kora
KMDD0668589432988689813284135Kora
KMDD067058758298959095254162Kora
KMDD067558757298959093237194Kora
KMDD0676589412988790034252141Kora
KMDD0677589422988689930277134Kora
KMDD0681590052994789823263201Kora
KMDD0682590062994889833293144Kora
KMDD0683587572989590917238232Kora
KMDD0684589422988689925280130Kora
KMDD0685589432988789822303197Kora
KMDD0686A590062994889718282191Kora
KMDD0688A590062994889721292206Kora
KMDD0689589722994689829283211Kora
KMDD0690587602989690922299178Kora
KMDD0691587592949591022276186Kora
KMDD0693589512993889829265199Kora
KMDD0694589512993889825251203Kora
KMDD0695590062994889724294242Kora
KODD004158426301831909-66264404Judd south
KODD004358402300641914-52215325Judd south
KODD004558402300641914-52230310Judd south
KODD004658952300751872-48215288Judd south
KODD004758401300631914-58247396Judd south
KODD004858952300751872-52308262Judd south
KODD004958402300641914-57245575Judd south
KODD005058952300751872-66313305Judd South
KODD005159535299911671-63248488Judd south
KODD005359535299911671-52271374Judd South
KODD005458402300641914-62263629Judd south
KODD005559518301221797-45270464Judd south
KUDD005258047300761836-62322592Kora South
KUDD005357801299001861-67310421Kora South
KUDD005457167298391963-4590425Kora South
KUDD005557801299001861-62221305Kora South
KUDD005657801299001861-75300542Kora South
KUDD005757861297671814-6320387Kora South
KUDD005858047300751835-58286598Kora South
KUDD005957167208511963-45270340Kora South
KUDD006058035298711837-62285191Kora South
KUDD006158035298711837-5190197Kora South
KUDD006258035298711837-66257175Kora South
KUDD006358035298711837-72299368Kora South
KUDD006458035298711837-73271264Kora South
KUDD004458047300761836-72238491Judd


Table 5
Kora and Judd Mineral Resource Estimate (Effective Date September 12, 2023, 3 g/t gold equivalent cut-off)

 TonnesGoldSilverCopperAuEq
 Mtg/tmozg/tmoz%ktg/tmoz
Kora         
Measured3.78.741.020.52.51.2145.010.961.3
Indicated3.16.990.721.92.21.3141.39.401.0
Total M&I6.97.941.821.14.71.2586.210.242.3
Inferred14.35.602.628.713.21.62231.28.603.9
          
Judd         
Measured0.49.050.1219.00.250.803.210.580.14
Indicated0.86.370.1715.60.420.736.27.760.21
Total M&I1.27.240.2916.70.670.759.48.680.35
Inferred2.36.270.4515.81.150.7617.27.720.56
          
Kora and Judd         
Measured4.18.771.220.42.71.1748.210.921.5
Indicated4.06.860.920.62.61.1947.49.051.2
Total M&I8.17.832.020.55.31.1895.610.002.6
Inferred16.55.693.027.014.31.50248.38.484.5
  • 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 +1-604-416-4445

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 1 – K1 Vein Long Section

Figure 2 – K2 Vein Long Section

Figure 2 – K2 Vein Long Section

Figure 3 – J1 Vein Long Section

Figure 3 – J1 Vein Long Section

Figure 4 – J2 Vein Long Section

Figure 4 – J2 Vein Long Section

Figure 5 – Kora-Irumafimpa Long Section

Figure 5 – Kora-Irumafimpa Long Section

Figure 6 – Judd 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 7 – JDD0231 Core Photograph

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 8 – KMDD0591 Core Photograph

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 9 – KMDD0657 Core Photograph

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.

 Figure 10 – KMDD0662 Core Photograph

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c358099c-aff2-416d-98d7-4f629ad4601f

https://www.globenewswire.com/NewsRoom/AttachmentNg/de7a5e97-cb77-43ff-b9bf-428db7ce2ee8

https://www.globenewswire.com/NewsRoom/AttachmentNg/8bad6ec3-38ee-4e91-b81b-5a845783fbf7

https://www.globenewswire.com/NewsRoom/AttachmentNg/b01852f7-118d-468f-a8a2-3ff208728bde

https://www.globenewswire.com/NewsRoom/AttachmentNg/a15460f4-668a-4efe-97d9-a0cc82581974

https://www.globenewswire.com/NewsRoom/AttachmentNg/f4ad9791-6a22-436a-940f-00e4e71c91f9

https://www.globenewswire.com/NewsRoom/AttachmentNg/ce87625e-2407-4796-90c4-ef16f06d9a1a

https://www.globenewswire.com/NewsRoom/AttachmentNg/7b9e231c-e00d-43e9-aa58-fab1610d0c00

https://www.globenewswire.com/NewsRoom/AttachmentNg/34f89a26-8813-4a96-83d9-440af0047348

https://www.globenewswire.com/NewsRoom/AttachmentNg/6f66331b-711d-44cf-8774-3a027593f84d