arakompa !
K92 Mining Announces Latest Drilling Results From Arakompa Including Confirmation of Two Significant Thick High-Grade Veins (AR1 & AR2), Southern Strike Extension and Bulk Zone Expansion
February 20, 2025
VANCOUVER, British Columbia, Feb. 20, 2025 (GLOBE NEWSWIRE) --
K92 Mining Inc
. (“
K92
” or the “
Company
”) (TSX
: KNT;
OTCQX
: KNTNF)
is pleased to announce its fourth set of drilling results consisting of 13 holes for total results of 43 holes released to date from its maiden surface diamond drill program at Arakompa, located approximately 4.5 km from the Kainantu Gold Mine Process Plant in Papua New Guinea. K92’s maiden drill program at Arakompa represents the first drilling on the target in 32 years, with limited historic drilling completed, comprising 18 holes totaling 1.8 km of mostly shallow drilling.
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Two significant high-grade sub-parallel veins confirmed, named AR1 and AR2 (See Figures 5 and 6 for Long Sections). Drilling to date has defined AR1 and AR2 to a depth of over 500 metres and at significant strike lengths of approximately 675 and 775 metres, respectively. Both veins are open in multiple directions, recording a substantial average true thickness from drilling to date of 3.14 metres for AR1 and 2.94 metres for AR2, and a strong high-grade hit-rate at +5 g/t AuEq of 50% for AR1 and 42% for AR2, and +10g/t AuEq of 28% for AR1 and 21% for AR2. The latest drilling results recorded multiple high-grade intersections, including:
-
AR1 Vein:
- KARDD0033:
11.10 m at 5.93 g/t AuEq
(5.37 g/t Au, 8 g/t Ag, 0.29% Cu), including
3.30 m at 11.15 g/t AuEq
(10.92 g/t Au, 3 g/t Ag, 0.12% Cu) - KARDD0035
: 11.10 m at 4.93 g/t AuEq
(4.50 g/t Au, 10 g/t Ag, 0.19% Cu), including
1.70 m at 13.04 g/t AuEq
(12.55 g/t Au, 15 g/t Ag, 0.19% Cu) - KARDD0042:
2.60 m at 11.91 g/t AuEq
(9.06 g/t Au, 41 g/t Ag, 1.48% Cu)
- KARDD0037:
9.60 m at 3.60 g/t AuEq
(2.69 g/t Au, 11 g/t Ag, 0.49% Cu), including
1.30
m at 10.49 g/t AuEq
(7.92 g/t Au, 24 g/t Ag, 1.46 % Cu) - KARDD0043:
5.10 m at 5.67 g/t AuEq
(5.38 g/t Au, 13 g/t Ag, 0.07% Cu)
- KARDD0039:
2.30 m at 9.00 g/t AuEq
(7.55 g/t Au, 23 g/t Ag, 0.74% Cu)
- KARDD0040:
3.00 m at 5.03 g/t AuEq
(4.78 g/t Au, 6 g/t Ag, 0.10% Cu)
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AR1 highlight intersections from previous releases include:
- KARDD0011:
3.70 m at 42.35 g/t AuEq
(40.84 g/t Au, 17 g/t Ag, 0.82% Cu)
- KARDD0002:
7.20 m at 24.76 g/t AuEq
(24.44 g/t Au, 13 g/t Ag, 0.10% Cu)
- KARDD0029:
20.60 m at 9.87 g/t AuEq
(8.90 g/t Au, 29 g/t Ag, 0.38% Cu)
- KARDD0025:
12.00 m at 11.16 g/t AuEq
(10.49 g/t Au, 11 g/t Ag, 0.33% Cu)
-
AR2 Vein:
- KARDD0038:
14.50 m at 17.33 g/t AuEq
(17.17 g/t Au, 4 g/t Ag, 0.07% Cu), including
6.90
m at 34.99 g/t AuEq
(34.73 g/t Au, 7 g/t Ag, 0.11% Cu) - KARDD0044:
12.00 m at 5.26 g/t AuEq
(5.18 g/t Au, 2 g/t Ag, 0.03% Cu), including
3.40 m at 10.01 g/t AuEq
(9.91 g/t Au, 2 g/t Ag, 0.05% Cu)
-
AR2 highlight intersections from previous releases include:
- KARDD0009:
6.70 m at 14.35 g/t AuEq
(14.19 g/t Au, 9 g/t Ag, 0.03% Cu)
- KARDD0004:
11.20 m at 5.89 g/t AuEq
(5.64 g/t Au, 6 g/t Ag, 0.11% Cu)
- KARDD0003:
8.50 m at 7.48 g/t AuEq
(7.23 g/t Au, 12 g/t Ag, 0.06% Cu)
- 016AD92:
6.30 m at 14.69 g/t AuEq
(12.77 g/t Au, 24 g/t Ag, 1.02% Cu)
- KARDD0023:
2.0 m at 14.60 g/t AuEq
(12.44 g/t Au, 60 g/t Ag, 0.88% Cu)
- KARDD0025:
2.9 m at 11.47 g/t AuEq
(11.26 g/t Au, 9 g/t Ag, 0.06% Cu)
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Latest drilling results have extended the interpreted bulk tonnage zone approximately 150 metres to the south, with the zone now defined 900 metres along strike and to a vertical depth of 650 metres. Drill results to date have recorded an average true thickness of 48 metres, demonstrating strong bulk mining potential. The bulk zone remains open in multiple directions. Latest drilling result highlights:
- KARDD0038:
65.00 m at 4.15 g/t AuEq
(4.04 g/t Au, 3 g/t Ag, 0.05% Cu)
- KARDD0035
: 85.30 m at 1.19 g/t AuEq
(1.00 g/t Au, 4 g/t Ag, 0.08% Cu), including
29.90 m at 2.49 g/t AuEq
(2.09 g/t Au, 7 g/t Ag, 0.20% Cu) - KARDD0042:
50.40 m at 1.90 g/t AuEq
(1.58 g/t Au, 6 g/t Ag, 0.15% Cu)
- KARDD0033:
57.70 m at 1.44 g/t AuEq
(1.28 g/t Au, 3 g/t Ag, 0.08% Cu)
- KARDD0044:
59.20 m at 1.27 g/t AuEq
(1.21 g/t Au, 2 g/t Ag, 0.02% Cu)
- KARDD0037:
56.20 m at 1.28 g/t AuEq
(0.96 g/t Au, 7 g/t Ag, 0.15% Cu)
- KARDD0043:
40.50 m at 1.28 g/t AuEq
(1.20 g/t Au, 3 g/t Ag, 0.03% Cu)
- KARDD0036 (~100 m southern step-out along strike):
47.70 m at 1.02 g/t AuEq
(0.74 g/t Au, 4 g/t Ag, 0.14% Cu)
- KARDD0039 (~150 m southern step-out along strike):
33.50 m at 1.06 g/t AuEq
(0.85 g/t Au, 5 g/t Ag, 0.09% Cu)
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Given the strong results to date and the potential to delineate additional high-grade veins beyond AR1 and AR2 with increased drill density, the Company aims to deliver a maiden mineral resource estimate for Arakompa by mid-2025.
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$4.50/lb, a silver price of US$27.5/oz and a gold price of US$2,000/oz.
John Lewins, K92 Chief Executive Officer and Director, stated,
“The Arakompa maiden drill program continues to make significant progress, with the latest results delivering multiple positives including a 20% increase in bulk zone strike length to ~900 metres, and the delineation of two major subparallel veins over significant strike, AR1 and AR2. Importantly, both AR1 and AR2 are high-grade and have recorded considerable thickness and strong observed continuity, demonstrating high potential for underground mining.
With just over half of the +1.7 km-strike-length mineralized corridor drill tested to date, alongside the significant potential at depth, we believe that we are only beginning to unlock Arakompa’s full potential. Notably, a new compact heli-portable rig is scheduled to arrive at site in mid-2025, significantly enhancing our ability to efficiently target the northern extension of Arakompa, effectively opening up a new front for exploration.
We look forward to continuing to ramp-up exploration activities and provide updates in due course.”