K92 Mining (TSX-V: KNT) Game Changer: Discovers High-Grade Gold on First Kora Exploration Hole, 500 Meters Along Strike

May 25, 2017

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me once again is President of K92 Mining (TSX-V: KNT)(OTC: KNTNF) Mr. Bryan Slusarchuk. Bryan, thank you for coming on quick notice.

Bryan Slusarchuk: Gerardo thanks for having me on.

Gerardo Del Real: Well I wanted to have you on right away. You just had some very important news, which I think is a game changer. And let me read the headline and then I'll let you fill in the details. The headline reads "K92 Mining discovers high grade extension of Kora deposit in first completed exploration hole." It's a step-out about 500 meters out of the previously known mineralization. It's high grade and I think it's going to lead to a lot of attention here from the market. Can you give us the details?

Bryan Slusarchuk: Gerardo I think game changer is a wonderful way to put it because this is absolutely a game changer for K92. You know, as of late, we've put out over the last two weeks some very good updates from site as to our production restart. Things are going well. Great control drilling going well. But today represents a discovery. An exploration hole that has intersected. And remember, this is the first exploration hole that we've drilled to test for extensions of the Kora deposit. An exploration hole that has discovered not only an extension of the Kora deposit but an extension that is a big thick cut of high grade mineralization. This gold grade within the intersection announced today is higher as to the gold equivalent versus the Kora resource as it's known. It's also thicker than the average thickness of the Kora resource. And this is the second deepest hold drilled on site ever in this Kora-Irumafimpa area.

So discovering the extension of the Kora deposit in our very first exploration hole, and not only discovering it but intersecting a thick cut of high grade gold mineralization is just spectacular. A discovery hole is always exciting but when you do it so early on in the exploration program it's more exciting yet.

And Gerardo, what this has everybody talking about now it size potential. Everybody knows that Kora is very high grade. It already has a very sizeable inferred resource. But when you take a step-out that's 500 meters along strike and 150 meters down dip from the known resource today and you intersect a big thick cut of this type of high grade, 14.1 grams per tonne gold equivalent, on your very first hole, this gets people thinking about the size implications and that is what we are seeing.

Gerardo Del Real: Yeah and just to summarize here, it's 5.4 meters at 11.68 grams per tonne gold. There is some important silver and copper credits in there as well. There were 25.5 grams per tonne of silver and 1.33% copper. And again, this is a 500 meter step-out. It's the first hole. It's open in every direction and strongly mineralized at the extent of the drilling, so obviously we're looking forward to further assays. I know we talked in the past about all the catalysts that K92 Mining had upcoming and I think this is the first of many.

Bryan Slusarchuk: This is a big discovery hole, pure exploration, 500 meters along strike, 150 meters down dip. Like you say, a big thick cut of high grade mineralization, gold, copper, silver, and based on this success Gerardo, we are now intensifying this drill program. We are going to ramp up this exploration drilling on site because of the fact we've had such a phenomenal intersection on the very first hole completed.

Gerardo Del Real: Excellent. Well I hope to have you on as soon as you get the details of the expanded drill program Bryan. In the meantime, I want to thank you for your time. I know you came on on short notice but I thought it was important to get that out and get your perspective on it.

Bryan Slusarchuk: Great. Thanks so much Gerardo.

Gerardo Del Real: Thank you.

View Interview Archive

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest



Name Last Change
DOW 27691.50 0.04%
S&P 500 3087.01 0.20%
NASDAQ 8464.28 0.13%
TSX 16882.83 0.03%
TSX-V 534.60 0.00%

Resource Commodities

Name Last Change
Gold 1456.86 0.09%
Silver 16.87 0.24%
Copper 2.66 2.664
Platinum 901.00 0.67%
Oil 57.24 0.16%
Natural Gas 2.79 0.61%
Uranium 24.68 0.20%