K92 announces results, including 6.8m at 53.34 g/t Au, 106 g/t Ag and 1.16% Cu (56.45 g/t
Suite 488 – 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: (604) 687-7130
Facsimile: (604) 608-9110
NEWS RELEASE
9 February 2018 Vancouver, British Columbia
K92 MINING INC.
K92 announces results, including 6.8m at 53.34 g/t Au, 106 g/t Ag and 1.16% Cu (56.45 g/t
AuEq) in KMDD0049 – the most southerly hole Drilled from Diamond Drill Cuddy 2 (DDC2)
• Multiple wide intervals of high grade mineralization from hole KMDD0049
• Drillhole intersections are above the current working levels
• Drilling ongoing
K92 Mining Inc. (“K92”) (TSX-V: KNT) (OTCQB: KNTNF) has intersected multiple intervals of
high grades of gold in drill hole KMDD0049, which is a drill hole on the most southerly line being
drilled from diamond drill cuddy 2 (DDC2) orientated 25 o upwards, above the current working
level.
Included within the results is the highest grade and best intersection K92 has achieved from Kora
vein K2, being 6.8 m (4.75 true width) @ 56.45 g/t AuEq along continuing high grades in Kora
vein K1, being 5.6m (3.27 true width) @ 41.71 g/t AuEq . Additional to these wide intervals of
high grade, an intersection into a cross cutting link structure designated Kora KL2 returned an
assay of 2.8m (1.96 true width) @ 13.33 g/t AuEq . K92 believes that the presence and results
related to this second link stru cture potentially indicates tha t the current high grade being
encountered in Kora K1 continues further to the south.
K92 Chief Executive Officer John Lewins states, “In the same week as K92 has declared the
achievement of commercial production, it is extremely pleasing to report results from possibly the
best hole we have drilled to date in Kora North. This and other results from the mining,
development and drilling at Kora North over th e last month have been outstanding and continue
to build our knowledge of the deposit and its potential. We continue to see remarkable consistency,
intercepting mineralization in almost every single hole drilled from the first two underground drill
cuddies and look forward to continuing our drilling program aimed at defining the potential of the
Kora Deposit.”
Tables 1 and 2 below provide a summary of the results from the latest diamond grade control drill
hole drilled into the Kora North Vein system. Table 1 provides a summary of the significant
intercepts from the hole, while Table 2 provides details of collar location and hole orientation.
Table 1.0 Kainantu Gold Mine – Significant Intercepts from Kora Underground Diamond
Drilling
Hole_id From (m) To (m) Interval
(m)
True
width (m) Gold g/t Silver g/t Copper % Gold
equivalent Comment
KMDD0049 40.55 44 3.45 2.02 1.37 3.00 0 2.04 K1E
including 40.55 40.8 0.25 0.15 4.13 6.00 0 4.71
including 41.45 42.35 0.90 0.53 2.43 4.00 1 3.40
including 43.6 44 0.40 0.23 2.06 4.00 1 3.38
KMDD0049 44.5 50.1 5.6 3.27 40.81 16 0.46 41.71 K1W
including 44.5 45.78 1.28 0.75 25.01 4 0.24 25.43
including 45.78 46.5 0.72 0.42 1.41 16 0.97 3.09
including 46.5 47.3 0.8 0.47 22.58 8 0.16 22.93
including 47.3 48.45 1.15 0.67 152.70 46 0.40 153.90
including 48.45 50.1 1.65 0.96 1.13 7 0.58 2.11
KMDD0049 76.7 79.5 2.8 1.96 7.86 34 3.29 13.33 KL2
including 77.2 78.1 0.9 0.63 22.21 85 9.64 38.03
including 78.1 79.5 1.4 0.98 1.14 11 0.35 1.82
KMDD0049 91.9 98.7 6.8 4.75 53.34 106 1.16 56.45 K2
including 91.9 92.2 0.3 0.21 1.22 22 0.53 2.32
including 92.2 93.4 1.2 0.84 0.57 17 0.22 1.13
including 93.4 94.5 1.1 0.77 7.84 29 0.34 8.74
including 94.5 95.5 1 0.70 7.07 33 0.14 7.71
including 95.5 96.9 1.4 0.98 159.40 400 3.94 170.50
including 96.9 98 1.1 0.77 81.31 53 1.20 83.81
including 98 98.7 0.7 0.49 47.65 12 0.15 48.04
Notes
Gold Equivalent uses Copper price – US$2.90/lb; Silver price US$16.5/oz and Gold price of US$1300/oz
Table 2.0 Kainantu Gold Mine – Collar Locations for Kora Underground Diamond Drilling
Hole_id Collar location Collar orientation EOH
depth (m) Lode
Local
north
Local
East mRL Dip Local
azimuth
KMDD0049 59361.95 29897.80 1206.41 -6.4 281.7 85.5 Kora
K92 Mine Geology Manager and Mi ne Exploration Manager, Mr. Andr ew Kohler, PGeo, a
qualified person under the meaning of Canadian National Instrument 43-101, has reviewed and is
responsible for the technical content of this news release. Data verification by Mr. Kohler includes
significant time onsite reviewing drill core, face sampling, un derground workings and discussing
work programs and results with geology and mining personnel.
On behalf of the company,
John Lewins, Chief Executive Officer and Director
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: Thi s
news release includes certain “forward-looking statements” under applicable Canadian securities
legislation. Forward-looking stat ements are necessarily based u pon a number of estimates and
assumptions that, while consider ed reasonable, are subject to k nown and unknown risks,
uncertainties, and other factors which may cause the actual res ults and future events to differ
materially from those expressed or implied by such forward-look ing 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 Project, expectations of future cash flows,
the proposed plant expansion, pote ntial expansion of resources and the generation of further
drilling results which may or may not occur. Forward-looking st atements and information
contained herein are based on certain factors and assumptions r egarding, among other things, the
market price of the Company’s securities, metal prices, exchang e rates, taxation, the estimation,
timing and amount of future exploration and development, capita l and operating costs, the
availability of financing, the r eceipt of regulatory approvals, 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 mi ning industry, changes in national
and local government regulation of mining operations, and regul ations and other matters.. There
can be no assurance that such statements will prove to be accur ate, as actual results and future
events could differ materially from those anticipated in such s tatements. Accordingly, readers
should not place undue r eliance 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.