K92 Mining Announces Filing of Technical Report for Updated Kora Resource Estimate and Maiden Judd Resource Estimate
04 Abril 2022 - 8:03AM
K92 Mining Inc. (“
K92” or the
“
Company”) (TSX
: KNT;
OTCQX
: KNTNF) announces that it has filed a
technical report (the “
Technical Report”)
containing an updated resource estimate on the Kora gold deposit
and a maiden resource estimate on the Judd deposit, in Papua New
Guinea. The Technical Report, titled, “Independent Technical Report
Mineral Resource Estimate Update Kora and Judd Gold Deposits,
Kainantu Project, Papua New Guinea” dated March 31, 2022, with an
effective date of January 20, 2022, was prepared by Andrew Kohler
(Geol), PGCert (Geostatistics), MAIG, Simon Tear BSc (Hons),
EurGeol, PGeo IGI, EurGeol, and Anthony Woodward BSc (Hons), M.Sc.,
MAIG. Refer to the Company’s news release dated February 23, 2022,
for a summary of the key results, assumptions and estimates
contained in the Technical Report. The Technical Report was
prepared in accordance with National Instrument 43-101 - Standards
of Disclosure for Mineral Projects and is available under the
Company’s SEDAR profile (www.sedar.com) and on the K92 website at
www.k92mining.com.
About K92
K92 Mining Inc. is engaged in the production of
gold, copper and silver from the Kora and Judd deposits 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.
The Company commenced an expansion of the mine
based on an updated Preliminary Economic Assessment on the property
which was published in January 2019 and updated in July 2020. 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 at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION: This news release includes certain “forward-looking
statements” under applicable Canadian securities legislation.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements. All statements that address future
plans, activities, events, or developments that the Company
believes, expects or anticipates will or may occur are
forward-looking information, including statements regarding the
realization of the preliminary economic analysis for the Kainantu
Project, expectations of future cash flows, the planned plant
expansion, production results, cost of sales, sales of production,
potential expansion of resources and the generation of further
drilling results which may or may not occur. Forward-looking
statements and information contained herein are based on certain
factors and assumptions regarding, among other things, the market
price of the Company’s securities, metal prices, exchange rates,
taxation, the estimation, timing and amount of future exploration
and development, capital and operating costs, the availability of
financing, the receipt of regulatory approvals, assumptions
contained in the preliminary economic assessment, environmental
risks, title disputes, failure of plant, equipment or processes to
operate as anticipated, accidents, labour disputes, claims and
limitations on insurance coverage and other risks of the mining
industry, changes in national and local government regulation of
mining operations in PNG, mitigation of the Covid-19 pandemic,
continuation of the lifted state of emergency, and regulations and
other matters. 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.
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