K92 Mining Reports Major High-Grade Discoveries at PNG's Kainantu Gold Mine
K92 Mining Ltd has announced further high-grade drilling results at its Kainantu gold mine in Papua New Guinea, revealing expanded mineralisation zones and promising bulk mining potential. The company’s exploration covered the Kora, Kora South, Judd, and Judd South deposits, with notable outcomes from both surface and underground drilling.
Chief executive officer John Lewins stated that the latest results from the Kora and Judd deposits reinforce the “substantial potential for high-grade resource growth at Kainantu.” He highlighted the expansion of the K2 vein’s dilatant zone, which has returned broad, high-grade intercepts in previously narrow areas.
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| K92 Mining Reports Major High-Grade Discoveries at PNG's Kainantu Gold Mine |
Lewins explained that this expanded zone is located near existing mine infrastructure, offering immediate potential for bulk mining to support the company’s stage 3 expansion efforts. The proximity could significantly improve operational efficiency and output in the short term.
He added that drilling has continued to extend high-grade mineralisation at multiple locations, with most intersections showing grades above the 2023 mineral resource estimates. These include the K1, K2, and J1 veins, alongside the definition of a new high-grade area at K1 to the north.
A high-grade copper zone with over 300 metres of vertical extent has also been identified to the south of K2, towards the A1 Porphyry, further broadening the mine’s resource base.
K92 Mining is actively boosting its regional exploration efforts, with plans to operate five rigs at Arakompa in the coming weeks. This aligns with their overall strategy of resource expansion and long-term sustainability.
Two more surface drill rigs have been ordered and are scheduled to arrive in the second quarter, enhancing the company's drilling fleet and capacity to accelerate its exploration and development programs.
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