K92 Mining Reports High-Grade Gold and Copper Intersections at Kainantu Gold Mine, PNG

K92 Mining Inc. [TSX: KNT; OTCQX: KNTNF] reported its latest high-grade results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to the Kora and Judd Deeps targets at the Kainantu Gold Mine in Papua New Guinea.

Multiple high-grade intersections with broadening widths, referred to as dilatant zones, recorded at Koras K2 Vein. The intersections have extended the interpreted dilatant zone up-dip from the area defined in late-2024. Importantly, this dilatant zone is near mine infrastructure, located approximately 100 metres from current underground workings, further expanding the potential for bulk mining near-term. The intersections were also in an area previously interpreted to be narrow vein in the mineral resource estimate, while also recording high-grade intersections.

Dilatant zone highlights from the K2 Vein include: KMDD0844: 12.80 m at 31.89 g/t gold equivalent (AuEq) (25.97 g/t Au, 58 g/t Ag, 3.35% Cu); KMDD0843: 10.10 m at 16.29 g/t AuEq (14.01 g/t Au, 82 g/t Ag, 0.84% Cu).

High-grade zones within Koras K1 and K2 veins continue to be extended up-dip from the main mine, recording multiple intersections exceeding resource model grades, including K2 Vein high-grade extension up-dip from main underground mining area: KMDD0845: 12.30 m at 18.58 g/t AuEq (18.14 g/t Au, 23 g/t Ag, 0.11% Cu); KMDD0830: 7.17 m at 39.50 g/t AuEq (37.93 g/t Au, 69 g/t Ag, 0.50% Cu); KMDD0847: 4.00 m at 43.89 g/t AuEq (39.23 g/t Au, 72 g/t Ag, 2.44% Cu).

K1 Vein high-grade extension up-dip from main underground mining area: KMDD0847: 4.08 m at 30.95 g/t AuEq (30.29 g/t Au, 30 g/t Ag, 0.21% Cu); KMDD0828: 2.80 m at 28.67 g/t AuEq (27.91 g/t Au, 18 g/t Ag, 0.36% Cu).

High-grade copper zone delineated to the south at the K2 Vein over a +300-metre vertical extent from the latest drilling results, with many intersections exceeding 2023 MRE AuEq grades.

K2 Vein high-grade copper intersection highlights include KMDD0865: 10.05 m at 12.25 g/t AuEq (0.97 g/t Au, 84 g/t Ag, 6.58% Cu); KMDD0832: 21.86 m at 8.56 g/t AuEq (4.05 g/t Au, 41 g/t Ag, 2.58% Cu); KMDD0771: 11.70 m at 15.85 g/t AuEq (7.43 g/t Au, 162 g/t Ag, 4.17% Cu); KMDD0770: 14.50 m at 9.22 g/t AuEq (0.47 g/t Au, 47 g/t Ag, 5.24% Cu); KMDD0826: 10.50 m at 9.19 g/t AuEq (4.58 g/t Au, 44 g/t Ag, 2.61% Cu); KMDD0829: 10.60 m at 11.51 g/t AuEq (2.28 g/t Au, 87 g/t Ag, 5.26% Cu); KMDD0835: 4.00 m at 5.70 g/t AuEq (0.54 g/t Au, 26 g/t Ag, 3.10% Cu); and KMDD0836: 4.14 m at 6.40 g/t AuEq (0.47 g/t Au, 37 g/t Ag, 3.52% Cu).

K1 Vein also recorded multiple high-grade copper intersections to the south, either outside of the 2023 MRE or at higher than 2023 MRE grades. Highlights include KMDD0825: 26.15m at 20.22 g/t AuEq (7.32 g/t Au, 165 g/t Ag, 7.01% Cu); KMDD0770: 10.60 m at 5.14 g/t AuEq (0.40 g/t Au, 38 g/t Ag, 2.74% Cu) and KMDD0865: 4.10 m at 12.49 g/t AuEq (0.63 g/t Au, 69 g/t Ag, 7.06% Cu).

Potential northern high-grade zone identified at the K1 Vein outside of the 2023 MRE and near-mine infrastructure. Highlights include KMDD0848: 3.90 m at 16.55 g/t AuEq (16.41 g/t Au, 5 g/t Ag, 0.05% Cu); KMDD0823: 6.00 m at 6.25 g/t AuEq (6.17 g/t Au, 4 g/t Ag, 0.02% Cu) and KMDD0837: 2.40 m at 8.04 g/t AuEq (7.23 g/t Au, 6 g/t Ag, 0.47% Cu).

Multiple high-grade intersections recorded at Judds J1 Vein, continuing to extend high-grade mineralization up-dip from the main mine and extending high-grade intersections below the main mine.

J1 Vein intersections extending high-grade mineralization above the main mine include JDD0221: 6.10 m at 20.03 g/t AuEq (19.02 g/t Au, 7 g/t Ag, 0.59% Cu); JDD0273: 3.66 m at 17.48 g/t AuEq (12.94 g/t Au, 57 g/t Ag, 2.48% Cu) and JDD0269: 1.70 m at 21.62 g/t AuEq (19.95 g/t Au, 19 g/t Ag, 0.93% Cu).

J1 Vein intersections extending high-grade mineralization below the main mine include JDD0279: 6.10 m at 11.99 g/t AuEq (8.80 g/t Au, 41 g/t Ag, 1.74% Cu) and JDD0294: 2.20 m at 16.13 g/t AuEq (10.00 g/t Au, 109 g/t Ag, 3.11% Cu).

John Lewins, CEO and Director, stated, The latest drilling results at Kora and Judd further reinforce the substantial potential for high-grade resource growth at Kainantu. At Koras K2 Vein, drilling has significantly expanded the previously interpreted dilatant zone up-dip, returning broad, high-grade intercepts in areas previously interpreted as narrow vein. Importantly, this dilatant zone is located near mine infrastructure, offering meaningful near-term bulk mining potential to support the Stage 3 Expansion ramp-up.

Drilling has also continued to extend high-grade mineralization in multiple areas, with many intersections recording grades well above the 2023 mineral resource estimate at the K1, K2 and J1 veins in addition to defining a potential new high-grade zone at K1 to the north. At K2, to the south towards the A1 Porphyry, a significant high-grade copper zone with a vertical extent of over 300 metres has also been delineated plans are in place to continue to expand this zone at higher drill density.

Regionally, our program continues to ramp-up, with plans to have five rigs operating at Arakompa in the coming weeks. We are also expanding our drill fleet further, with two additional surface drill rigs on order. We look forward to providing further updates in due course.

Results continue to demonstrate the high-grade, continuity and expansion potential of the Kora-Kora South and Judd-Judd South vein systems. Intersections largely focused on increasing drill density vertically while also targeting resource extension along strike to the south and north.

All drill holes at Kora-Kora South (including Kora Deeps) intersected mineralization, with 24 intersections exceeding 10 g/t AuEq and 65 intersections exceeding 5 g/t AuEq.

At Judd-Judd South (including Judd Deeps), all drill holes intersected mineralization, with 12 intersections exceeding 10 g/t AuEq and 21 intersections exceeding 5 g/t AuEq.

K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine.

The company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing plant expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022.