New high-grade gold results in Papua New Guinea
Highlights of K92 Mining drilling and production
K92 Mining Inc. (TSX.V: KNT), the fast emerging gold producer that purchased Barrick’s Kainantu Gold Mine in Papua New Guinea during 2015, has just announced multiple high grade intercepts from drilling in the Irumafimpa area of the project.
While much of the attention garnered from the news release has been focused on the multiple holes that intersected high grades over wide cuts (such as 8.18m at 33 g/t Au, plus 1m at 4.51 g/t Au, plus 1.1m at 4.96 g/t Au in hole GCDD0020a), it is also important to note that the company also announced that it was now in the midst of its longest production run to date, since the restart of mining and processing operations. K92 is ramping towards commercial production and this news release touched on this fact, as well as describing results from a previously under-drilled area of the Irumafimpa deposit that exceeded expectations of management.