10:23 AM EST - Kainantu Resources Ltd : Announced encouraging initial results from the Ontenu Prospect at KRL South (including consistently high grade results of up to 1.55 g/t Au, 0.39% Cu, 20.8 g/t Ag and 460ppm Mo from surface). Key Highlights: Geochemical analysis completed from H2 2022 initial field work at the Ontenu Prospect at KRL South; Consistent high grades reported from outcrop and trench exposures over a 2,300m x 900m area: Gold (Au) results are remarkably consistent; with 63 sample results recorded over a narrow range of up to 1.55 g/t Au (26 samples exceeded 0.2g/t (ppm)Au, with an average of 0.45g/t (ppm) Au); Copper (Cu) values of up to 0.39% (3,893ppm) with 17/63 returning >0.08% Cu; Silver (Ag) values of up to 20.8 g/t, mainly associated with the highest Au values; and Molybdenum (Mo) values of up to 460ppm, with 27of the 63 samples returning >10ppm Mo; Kainantu Resources Ltd
shares V.KRL are trading down $0.01 at $0.08.
