Exciting tidings from the mining sector were announced on Thursday.
Vancouver-based K92 Mining Inc. (TSX-Venture: KNT) let folks in on results from the continuing diamond drilling of the Kora North Extension of the Kainantu gold mine in Papua New Guinea.
The company enthused over results for the latest 10 diamond drill holes completed from both surface and underground into the Kora North deposit The results included multiple high-grade intersections, one of which was revealed to be 107.55 g/t Au, 103 g/t Ag and 1.50% Cu (111.34 g/t gold equivalent ("AuEq"), 6.44 m true width).
Another recorded a K1 intersection at 288.73 g/t Au, 104 g/t Ag and 0.77% Cu (291.34 g/t AuEq, 6.15 m true width). As shown in our long sections, drilling to date has documented higher grades to the South.
Said CEO John Lewins, "The reported results continue to demonstrate the high-grade pedigree and continuity of the Kora/Kora North system. The results also highlight the high potential for the mineralization to extend to depth, up-dip of Kora North and along strike to the South."
Shares in KNT hiked a dime, or nearly 5%, to $2.12, on volume of just over a million shares.
