K92 Mining (TSX-V: KNT) President Bryan Slusarchuk on Eye-Popping High-Grade Gold Drill Results at the Kainantu Gold Mine

June 20, 2017

Gerardo Del Real: This is Gerardo Del Real for Resource Stock Digest. Joining me today is President of K92 Mining (TSX-V: KNT)(OTC: KNTNF), Mr. Bryan Slusarchuk. Bryan, how are you?

Bryan Slusarchuk: Gerardo, doing really well today with the news out on the drill results.

Gerardo Del Real: I bet you are.

Bryan Slusarchuk: It's been a great day.

Gerardo Del Real: It's a heck of a way to start an afternoon. You had some great news. I'll let you take it away with the details, Bryan.

Bryan Slusarchuk: Well, it's very exciting, Gerardo, and it's exciting because of the exceptionally high-grade gold that we just were able to announce, and also of course, because these are big, wide cuts. The hole, for example, that had 24.65 grams per tonne gold equivalent, that's an 8.2 meter intersection. For our American friends, of course, that's close to 27 feet of 24.65 grams per tonne. It's just phenomenal.

There was another hole, 4 meters of 60.57 grams per tonne gold equivalent. These are not only very high-grade holes, but they're drilled in an area very close to where we're mining right now, in fact, and that has big ramifications for us obviously on site.

Gerardo Del Real: Just to be clear Bryan, this is at the Kainantu Gold Mine, and all of these are very near surface intersections. Is that correct?

Bryan Slusarchuk: Yeah. We're drilling from an underground setup very close to the existing operation. Over the last couple of weeks people have obviously seen these high-grade results, but remember just a couple of weeks ago we announced the discovery of the Kora Deposit extension from a drill cuddy in-between Irumafimpa and Kora. There are two distinct deposits here.

Irumafimpa is where we're in production now. It's a high-grade gold mine and we're producing gold from Irumafimpa. At the same time, we're completing an underground drive from Irumafimpa to Kora and we're drilling along the way. Our first hole completed along that drive was a discovery hole. It was the discovery of the Kora extension.

Now, we followed that up just a couple of weeks later with these exceptionally high-grade results from Irumafimpa and we think there's great potential for not only Kora to become very, very large, but it's looking like there's more and more expansion potential at the Irumafimpa Deposit than anybody first thought. Just exceptional work from the team on site, who are not only in production now, but they're getting big expansion and exploration success via the drill bit.

Gerardo Del Real: Fantastic. Now, I know you recently announced a $16 million dollar financing. How is that coming along Bryan?

Bryan Slusarchuk: That's gone really well, Gerardo. Some of the best institutions in North America that invest in gold situations are going to be participating and we just couldn't be happier with that. What that $16 million will allow us to do is to maintain the pace of the production ramp-up, which is very important to us, and at the same time intensify and accelerate this expansion drilling program that we now have started and encountered such big success in the very first hole of the program.

We're going to offer investors a concurrent blend of production exposure, and at the same time, huge expansion and exploration exposure, all within the same company. This financing will allow us to intensify, accelerate exploration and expansion and at the same time we continue with our ramp-up of production at the high-grade Irumafimpa deposit.

Gerardo Del Real: Wow. It seems like an exciting time for K92 Mining. We obviously are awaiting further assays. I hope to have you back on. If the numbers are anything like what they've been so far I can't wait to speak with you again, Bryan.

Bryan Slusarchuk: Great. Thanks, Gerardo. There will be a whole lot of news flow in the coming weeks.

Gerardo Del Real: Appreciate your time. See you in a couple of weeks, Bryan.

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