K92 Receives More High-Grade Kora Drill Results From Kora North Extension

 

• Drill Hole KMDD0128 records multiple intersections including 2.05 m at 363.91 g/t Au, 17 g/t Ag and 0.08% Cu (364.25 g/t AuEq) plus 11.45 m at 7.61 g/t Au, 22 g/t Ag and 1.26% Cu (9.83 g/t AuEq)

• Drill Hole KMDD0142 records multiple intersections including 10.25 m at 26.02 g/t Au, 30 g/t Ag and 0.80% Cu (27.63.19 g/t Au Eq) plus 7.96 m at 49.82 g/t Au, 4 g/t Ag and 0.34% Cu (50.38 g/t AuEq)
   
• Drill Hole KMDD0140 records 3.55 m at 14.71 g/t Au, 6 g/t Ag and 0.61% Cu (15.72 g/t AuEq) plus 16.80 m at 7.65 g/t Au, 32 g/t Ag and 1.74% Cu (10.72 g/t AuEq)
   
• Drill Hole KMDD0115A records a K2 intersection of 7.20 m at 2.57 g/t Au, 27 g/t Ag and 0.40% Cu (3.51 g/t AuEq) over 300 metres vertically below the current operating level, extending the known depth extent of the K2 Lode 200 metres below the current resource
   
• Drill rigs at Kora/Kora North increased to four to further accelerate expansion and exploration drilling         

VANCOUVER, British Columbia, May 06, 2019 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce results from the continuing diamond drilling of the Kora North Extension of the Kainantu gold mine in Papua New Guinea.

The results for the latest 8 diamond drill holes completed from diamond drill cuddy 3 and the new drill cuddy 5 (DDC3 and DDC5) into the Kora North deposit are summarized in Table 1 below. Hole KMDD0115 was abandoned, having recorded a complete intersection of 8.30 metres of K1 at 2.2 g/t Au, 46 g/t Ag and 1.07% Cu (4.42 g/t AuEq) over 100 metres below the known K1 resource. A daughter hole, KMDD0115A was wedged off this hole and recorded an intersection of 7.20 m at 2.57 g/t Au, 27 g/t Ag and 0.40% Cu (3.51 g/t AuEq) over 300 metres vertically below the current operating level, extending the known depth extent of the K2 Lode 200 metres below the current resource. The results continue to delineate and extend both the K1, K2 lodes as well as the KL structure between the lodes. Long sections showing all holes drilled to date in both K1 and K2 are provided below. Table 2 provides details of collar location and hole orientation.

John Lewins, K92 Chief Executive Officer and Director, stated, “These latest results have not only continued to confirm the remarkable continuity of the high-grade K1 and K2 vein systems within the Kora deposit, but through hole KMDD0115/115A extended the known depth of the K1 Lode by over 100 metres and the K2 Lode by 200 metres. This obviously has major positive implications for the current drilling program which is targeting an expansion of the Kora/Kora North Resource.

Given these results, in order to allow the underground rigs to focus more on the potential depth extensions of the Kora/Kora North deposit, we have taken the decision to mobilize a surface diamond drill rig to drill out the area above the current Kora North resource. While it had been originally planned to drill this area exclusively from underground, it can be efficiently drilled from surface with similar length holes. We are currently preparing surface drill pads and expect to mobilize the surface rig within the next few weeks. The addition of the surface rig will increase the number of diamond rigs drilling at Kora/Kora North to four.”

Table 1 - Kainantu Gold Mine – Significant Intercepts from Diamond Drill Cuddies 3 & 6
Hole_id	From (m)	To m)	Interval (m)	True width (m)	Gold g/t	Silver g/t	Copper %	AuEq (1) g/t	Comment
KMDD0115	295.50	303.80	8.30	6.64	2.20	46	1.07	4.42	K1
Including	295.50	296.14	0.64	0.51	0.88	39	1.50	3.67
Including	296.14	296.90	0.76	0.61	5.53	199	5.95	17.16
Including	296.90	297.60	0.70	0.56	5.36	129	2.29	10.50
Including	297.60	298.30	0.70	0.56	4.21	86	1.32	7.32
Including	298.30	299.20	0.90	0.72	1.72	28	0.33	2.58
Including	299.20	299.90	0.70	0.56	1.81	11	0.11	2.12
Including	299.90	300.60	0.70	0.56	1.40	10	0.05	1.60
Including	300.60	301.30	0.70	0.56	0.10	6	0.27	0.59
Including	301.30	302.10	0.80	0.64	0.17	9	0.16	0.52
Including	302.10	302.90	0.80	0.64	0.09	2	0.09	0.26
Including	302.90	303.80	0.90	0.72	3.01	6	0.07	3.20
KMDD0115	307.87	315.50	7.63	6.10	0.40	3	0.35	0.98
Including	307.87	309.00	1.13	0.90	0.46	2	0.42	1.12
Including	309.00	310.00	1.00	0.80	0.36	1	0.07	0.48
Including	310.00	311.00	1.00	0.80	0.11	3	0.07	0.25
Including	311.00	312.30	1.30	1.04	0.09	3	0.31	0.60
Including	312.30	313.72	1.42	1.14	0.40	2	0.09	0.57
Including	313.72	314.50	0.78	0.62	0.84	4	0.68	1.94
Including	314.50	315.50	1.00	0.80	0.72	5	1.02	2.35
KMDD0115	321.00	321.90	0.90	0.72	6.51	6	0.11	6.76	Hole abandoned at start of K2
KMDD0115A	301.60	304.40	2.80	1.49	3.50	13	0.10	3.82	KMDD0115 daughter hole
Including	301.60	302.10	0.50	0.27	8.70	20	0.24	9.32
Including	302.10	303.00	0.90	0.48	5.70	11	0.05	5.92
Including	303.00	303.63	0.63	0.34	0.20	5	0.02	0.29
Including	303.63	304.40	0.77	0.41	0.25	17	0.15	0.70
KMDD0115A	306.40	319.25	12.85	6.59	0.53	5	0.19	0.88
Including	306.40	307.00	0.60	0.32	6.22	20	0.24	6.84
Including	307.00	308.00	1.00	0.53	0.09	3	0.02	0.16
Including	308.00	309.00	1.00	0.53	0.21	3	0.01	0.26
Including	309.00	310.00	1.00	0.53	0.03	2	0.03	0.11
Including	310.00	311.00	1.00	0.53	0.15	4	0.26	0.60
Including	311.00	312.00	1.00	0.53	0.33	4	0.23	0.74
Including	312.00	313.00	1.00	0.53	0.16	4	0.21	0.53
Including	313.00	314.00	1.00	0.53	0.12	4	0.22	0.51
Including	314.50	314.50	0.00	0.00	0.41	5	0.10	0.62
Including	314.50	314.90	0.40	0.21	0.19	5	0.31	0.72
Including	314.90	316.15	1.25	0.67	0.09	5	0.03	0.20
Including	316.15	316.75	0.60	0.32	0.11	4	0.01	0.18
Including	316.75	317.65	0.90	0.48	0.11	5	0.10	0.32
Including	317.65	318.50	0.85	0.45	0.07	4	0.18	0.40
Including	318.50	319.25	0.75	0.40	1.69	8	1.13	3.52
KMDD0115A	342.15	346.60	4.45	2.87	0.40	14	2.07	3.75
Including	342.15	342.70	0.55	0.35	0.21	14	2.05	3.52
Including	342.70	343.60	0.90	0.58	0.54	23	4.12	7.14
Including	343.60	343.85	0.25	0.16	0.03	4	0.18	0.36
Including	343.85	344.56	0.71	0.46	1.40	32	5.66	10.47
Including	344.56	345.56	1.00	0.64	0.04	3	0.02	0.11
Including	345.56	346.32	0.76	0.49	0.05	3	0.04	0.15
Including	346.32	346.60	0.28	0.18	0.38	10	1.00	2.04
KMDD0115A	360.80	363.30	2.50	1.61	0.47	19	2.15	4.00
Including	360.80	361.55	0.75	0.48	0.82	5	0.27	1.30
Including	361.55	362.20	0.65	0.42	0.20	2	0.04	0.29
Including	362.20	363.30	1.10	0.71	0.39	39	4.67	8.03
KMDD0115A	376.99	379.30	2.31	1.49	0.36	7	0.86	1.78
Including	376.99	377.10	0.11	0.07	1.63	24	1.61	4.39
Including	377.10	377.52	0.42	0.27	0.18	2	0.06	0.30
Including	377.52	378.00	0.48	0.31	0.40	7	1.13	2.22
Including	378.00	378.20	0.20	0.13	0.17	2	0.02	0.23
Including	378.20	379.30	1.10	0.71	0.32	9	1.13	2.17
KMDD0115A	432.80	440.00	7.20	4.64	2.57	27	0.40	3.51	K2
Including	432.80	433.90	1.10	0.71	12.16	51	0.54	13.64
Including	433.90	435.00	1.10	0.71	0.35	10	0.24	0.85
Including	435.00	436.00	1.00	0.64	0.95	22	0.39	1.82
Including	436.00	437.00	1.00	0.64	1.02	40	0.65	2.52
Including	437.00	438.00	1.00	0.64	0.16	6	0.11	0.40
Including	438.00	439.00	1.00	0.64	0.23	6	0.05	0.39
Including	439.00	440.00	1.00	0.64	2.36	50	0.81	4.23
KMDD0117	281.42	283.32	1.90	0.89	1.09	2	0.12	1.30
Including	281.42	281.56	0.14	0.07	2.48	1	0.09	2.63
Including	281.56	282.18	0.62	0.29	0.36	1	0.16	0.62
Including	282.18	282.83	0.65	0.31	1.71	3	0.11	1.91
Including	282.83	282.94	0.11	0.05	0.04	1	0.31	0.53
Including	282.94	283.20	0.26	0.12	0.34	1	0.02	0.37
Including	283.20	283.32	0.12	0.06	2.41	2	0.14	2.64
KMDD0117	292.90	300.00	7.10	3.34	4.39	11	0.25	4.91	K1
Including	292.90	293.76	0.86	0.40	19.83	1	0.12	20.02
Including	293.76	294.10	0.34	0.16	2.49	1	0.07	2.61
Including	294.10	295.10	1.00	0.47	2.66	4	0.48	3.44
Including	295.10	296.70	1.60	0.75	0.40	3	0.16	0.69
Including	296.70	298.10	1.40	0.66	1.63	18	0.31	2.33
Including	298.10	300.00	1.90	0.89	4.04	21	0.26	4.71
KMDD0117	312.24	313.43	1.19	0.56	24.09	11	0.14	24.44
KMDD0117	335.54	339.00	3.46	1.82	1.46	39	0.83	3.23
Including	335.54	336.80	1.26	0.66	0.78	26	0.47	1.83
Including	336.80	338.00	1.20	0.63	0.69	46	1.51	3.58
Including	338.00	339.00	1.00	0.53	3.24	48	0.47	4.57
KMDD0117	358.00	364.20	6.20	3.26	2.43	28	0.91	4.17	K2
Including	358.00	359.70	1.70	0.89	0.99	37	1.44	3.67
Including	359.70	361.60	1.90	1.00	5.42	44	0.47	6.70
Including	361.60	362.30	0.70	0.37	1.02	11	0.97	2.64
Including	362.30	364.20	1.90	1.00	1.26	9	0.84	2.66
KMDD0128	68.80	70.85	2.05	1.44	363.91	17	0.08	364.25	K1
Including	68.80	70.00	1.20	0.84	621.30	25	0.10	621.77
Including	70.00	70.85	0.85	0.59	0.53	5	0.06	0.69
KMDD0128	75.95	79.90	3.95	2.93	2.55	6	0.46	3.32
Including	75.95	77.00	1.05	0.78	1.02	4	0.35	1.60
Including	77.00	78.00	1.00	0.74	1.88	5	0.26	2.34
Including	78.00	79.00	1.00	0.74	5.23	6	0.73	6.42
Including	79.00	79.90	0.90	0.67	2.11	8	0.51	2.99
KMDD0128	86.55	98.00	11.45	7.98	7.61	22	1.26	9.83	K2
Including	86.55	87.20	0.65	0.45	1.63	52	1.86	5.14
Including	87.20	88.00	0.80	0.56	10.20	40	2.54	14.59
Including	88.00	89.00	1.00	0.70	2.44	11	0.70	3.66
Including	89.00	89.50	0.50	0.35	1.19	5	0.12	1.43
Including	89.50	90.10	0.60	0.42	2.85	3	0.05	2.96
Including	90.10	90.50	0.40	0.28	5.29	9	0.37	5.98
Including	90.50	90.80	0.30	0.21	20.00	20	0.65	21.25
Including	90.80	91.30	0.50	0.35	39.30	26	0.62	40.57
Including	91.30	92.35	1.05	0.73	2.49	14	0.56	3.53
Including	92.35	92.75	0.40	0.28	53.50	272	21.20	89.39
Including	92.75	93.20	0.45	0.31	1.70	8	0.24	2.17
Including	93.20	94.10	0.90	0.63	0.81	3	0.04	0.92
Including	94.10	95.13	1.03	0.72	0.25	1	0.01	0.28
Including	95.13	96.20	1.07	0.75	0.18	2	0.02	0.23
Including	96.20	96.70	0.50	0.35	7.29	7	0.16	7.62
Including	96.70	97.00	0.30	0.21	14.40	13	0.39	15.16
Including	97.00	98.00	1.00	0.70	11.50	11	0.32	12.14
KMDD0130	67.19	72.70	5.51	3.70	7.53	6	0.16	7.85	K1
Including	67.19	68.00	0.81	0.54	9.00	5	0.31	9.53
Including	68.00	69.00	1.00	0.67	6.45	3	0.14	6.71
Including	69.00	69.58	0.58	0.39	5.01	7	0.19	5.40
Including	69.58	70.50	0.92	0.62	1.29	3	0.16	1.58
Including	70.50	71.50	1.00	0.67	15.42	13	0.11	15.75
Including	71.50	72.70	1.20	0.81	6.86	4	0.12	7.09
KMDD0130	75.70	83.00	7.30	5.42	0.40	6	0.56	1.33
Including	75.70	76.30	0.60	0.45	1.36	10	1.15	3.25
Including	76.30	77.10	0.80	0.59	0.23	6	0.61	1.24
Including	77.10	77.70	0.60	0.45	0.51	5	0.26	0.98
Including	77.70	78.70	1.00	0.74	0.64	9	0.55	1.59
Including	78.70	80.10	1.40	1.04	0.38	6	0.74	1.59
Including	80.10	81.20	1.10	0.82	0.18	4	0.46	0.93
Including	81.20	82.10	0.90	0.67	0.12	4	0.32	0.65
Including	82.10	83.00	0.90	0.67	0.16	3	0.43	0.86
KMDD0130	94.00	95.00	1.00	0.62	1.35	23	1.74	4.30
KMDD0130	96.00	103.30	7.30	4.52	7.35	31	1.48	10.00	K2
Including	96.00	97.00	0.62	0.62	0.73	8	0.11	1.01
Including	97.00	97.70	0.43	0.43	7.52	25	0.45	8.53
Including	97.70	98.50	0.50	0.50	25.60	75	0.57	27.43
Including	98.50	99.30	0.50	0.50	30.10	93	6.83	41.73
Including	99.30	100.20	0.56	0.56	1.42	19	0.50	2.43
Including	100.20	101.00	0.50	0.50	0.89	18	0.42	1.76
Including	101.00	102.40	0.87	0.87	0.40	6	0.31	0.96
Including	102.40	103.30	0.56	0.56	0.59	29	3.57	6.42
KMDD0130	106.90	108.00	1.10	0.68	1.84	3	0.01	1.90
KMDD0132	94.00	95.00	1.00	0.62	1.35	23	1.74	4.30	Geotech Hole West of K2
KMDD0132	96.00	103.30	7.30	4.52	7.35	31	1.48	10.00	Geotech Hole West of K2 - K2HW?
Including	96.00	97.00	0.62	0.62	0.73	8	0.11	1.01
Including	97.00	97.70	0.43	0.43	7.52	25	0.45	8.53
Including	97.70	98.50	0.50	0.50	25.60	75	0.57	27.43
Including	98.50	99.30	0.50	0.50	30.10	93	6.83	41.73
Including	99.30	100.20	0.56	0.56	1.42	19	0.50	2.43
Including	100.20	101.00	0.50	0.50	0.89	18	0.42	1.76
Including	101.00	102.40	0.87	0.87	0.40	6	0.31	0.96
Including	102.40	103.30	0.56	0.56	0.59	29	3.57	6.42
KMDD0132	106.90	108.00	1.10	0.68	1.84	3	0.01	1.90	Geotech Hole West of K2
KMDD0134									Vent Hole
KMDD0136									Not Yet Drilled
KMDD0138									Not Yet Drilled
KMDD0140	72.86	76.41	3.55	2.19	14.71	6	0.61	15.72	K1
Including	72.86	73.48	0.62	0.38	0.20	7	1.13	2.01
Including	73.48	74.00	0.52	0.32	0.11	2	0.11	0.31
Including	74.00	74.45	0.45	0.28	80.38	9	1.12	82.21
Including	74.45	74.86	0.41	0.25	23.83	7	0.70	24.98
Including	74.86	75.52	0.66	0.41	7.71	5	0.16	8.02
Including	75.52	76.06	0.54	0.33	0.26	2	0.17	0.55
Including	76.06	76.41	0.35	0.22	2.49	10	1.24	4.51
KMDD0140	78.76	91.64	12.88	7.95	2.57	4	0.28	3.05
Including	78.76	79.63	0.87	0.54	6.40	1	0.03	6.46
Including	79.63	80.84	1.21	0.75	0.33	1	0.15	0.57
Including	80.84	81.43	0.59	0.36	11.02	4	0.07	11.17
Including	81.43	82.28	0.85	0.52	2.21	1	0.06	2.32
Including	82.28	83.28	1.00	0.62	0.13	2	0.00	0.16
Including	83.28	84.26	0.98	0.60	0.10	1	0.06	0.20
Including	84.26	85.00	0.74	0.46	0.50	9	0.65	1.60
Including	85.00	86.00	1.00	0.62	1.28	9	0.77	2.57
Including	86.00	87.00	1.00	0.62	0.48	4	0.23	0.89
Including	87.00	88.04	1.04	0.64	0.26	3	0.39	0.89
Including	88.04	89.03	0.99	0.61	0.21	2	0.23	0.58
Including	89.03	90.10	1.07	0.66	13.66	6	0.32	14.23
Including	90.10	90.71	0.61	0.38	0.37	7	0.32	0.95
Including	90.71	91.64	0.93	0.57	1.22	6	0.63	2.26
KMDD0140	95.30	96.70	1.40	0.86	1.57	1	0.01	1.60
KMDD0140	100.60	117.40	16.80	9.93	7.65	32	1.74	10.72	K2
Including	100.60	101.20	0.60	0.37	6.21	5	0.15	6.50
Including	102.10	103.10	1.00	0.62	3.75	19	0.90	5.37
Including	103.10	104.40	1.30	0.81	5.06	48	0.63	6.63
Including	104.40	104.70	0.30	0.19	2.32	10	0.07	2.56
Including	104.70	106.12	1.42	0.89	3.38	21	1.29	5.61
Including	106.12	107.00	0.88	0.55	2.92	20	1.17	4.96
Including	107.00	107.36	0.36	0.22	0.32	0	0.05	0.40
Including	107.36	108.22	0.86	0.54	24.68	8	2.85	29.14
Including	108.22	108.56	0.34	0.21	20.74	17	3.25	25.93
Including	108.56	109.16	0.60	0.37	25.88	163	17.20	54.26
Including	109.16	110.10	0.94	0.59	36.67	88	3.18	42.65
Including	110.10	111.10	1.00	0.62	2.02	15	0.54	3.04
Including	111.10	112.00	0.90	0.56	1.73	24	1.02	3.60
Including	112.00	112.80	0.80	0.50	8.50	36	3.52	14.34
Including	112.80	113.70	0.90	0.56	0.87	8	0.23	1.32
Including	113.70	114.40	0.70	0.44	4.89	61	0.78	6.86
Including	114.40	115.50	1.10	0.69	2.05	18	0.22	2.62
Including	115.50	117.40	1.90	1.19	2.24	23	0.47	3.24
KMDD0142	45.83	46.17	0.34	0.28	2.65	17	3.81	8.70
KMDD0142	47.65	57.9	10.25	8.30	26.02	30	0.80	27.63	K1
Including	47.65	48	0.35	0.28	0.41	1	0.54	1.25
Including	48	48.3	0.3	0.24	3.78	3	1.23	5.70
Including	48.3	49	0.7	0.57	0.15	1	0.50	0.93
Including	49	49.13	0.13	0.11	53.55	7	1.02	55.20
Including	49.13	49.4	0.27	0.22	12.42	1	0.41	13.06
Including	49.4	49.95	0.55	0.45	374.70	25	0.98	376.52
Including	49.95	50.37	0.42	0.34	1.65	7	0.34	2.26
Including	50.37	51	0.63	0.51	2.81	8	1.33	4.94
Including	51	51.21	0.21	0.17	65.50	71	7.55	77.95
Including	51.21	51.58	0.37	0.30	1.28	19	1.45	3.74
Including	51.58	52.1	0.52	0.42	0.31	1	0.12	0.51
Including	52.1	52.7	0.6	0.49	0.47	1	0.02	0.52
Including	52.7	53.34	0.64	0.52	5.97	1	0.11	6.14
Including	53.34	54.2	0.86	0.70	11.32	67	0.29	12.61
Including	54.2	54.4	0.2	0.16	11.27	960	10.03	38.80
Including	54.4	54.53	0.13	0.11	49.10	6	0.39	49.77
Including	54.53	54.8	0.27	0.22	15.50	2	0.15	15.76
Including	54.8	55.04	0.24	0.19	0.39	1	0.20	0.71
Including	55.04	55.4	0.36	0.29	5.68	2	0.04	5.76
Including	55.4	55.8	0.4	0.32	0.58	1	0.03	0.64
Including	55.8	56.04	0.24	0.19	2.01	1	0.07	2.13
Including	56.04	56.5	0.46	0.37	0.30	1	0.07	0.41
Including	56.5	56.8	0.3	0.24	5.37	1	0.86	6.70
Including	56.8	57.02	0.22	0.18	0.20	1	0.61	1.15
Including	57.02	57.75	0.73	0.59	0.21	1	0.59	1.13
Including	57.75	57.9	0.15	0.12	4.23	1	0.00	4.24
KMDD0142	64.9	65.5	0.6	0.49	2.99	2	0.26	3.41
KMDD0142	66.94	74.9	7.96	7.28	49.82	4	0.34	50.38	K2
Including	66.94	67.5	0.56	0.51	3.93	1	0.38	4.52
Including	67.5	68.3	0.8	0.73	3.08	3	0.13	3.31
Including	68.3	69.06	0.76	0.69	92.10	2	0.19	92.42
Including	69.06	69.7	0.64	0.59	8.96	1	0.06	9.06
Including	69.7	70.65	0.95	0.87	323.80	17	0.18	324.29
Including	70.65	70.9	0.25	0.23	1.09	1	0.08	1.23
Including	70.9	71.1	0.2	0.18	2.23	1	0.12	2.42
Including	71.1	71.5	0.4	0.37	0.57	1	0.20	0.89
Including	71.5	71.8	0.3	0.91	0.50	1	0.04	0.57
Including	71.8	72.2	0.4	0.91	2.27	1	0.05	2.36
Including	72.2	72.6	0.4	0.91	6.37	1	0.11	6.55
Including	72.6	73.4	0.8	0.91	2.53	1	0.69	3.60
Including	73.4	73.75	0.35	0.91	0.56	1	0.19	0.87
Including	73.75	73.96	0.21	0.91	4.94	20	3.96	11.25
Including	73.96	74.3	0.34	0.91	1.80	1	0.19	2.11
Including	74.3	74.9	0.6	0.91	0.22	2	0.52	1.03
KMDD0142	74.9	75.5	0.6	0.91	1.24	2	0.08	1.39
KMDD0142	76.25	76.92	0.67	0.91	2.07	28	0.23	2.78
KMDD0142	78	79	1	0.91	1.94	3	0.27	2.40
KMDD0142	79	79.7	0.7	0.91	0.12	1	0.01	0.15
KMDD0144	58.4	71.35	12.95	8.13	2.62	4	0.27	3.08	K1
Including	58.4	58.8	0.4	0.25	13.3	3	0.73	14.45
Including	58.8	59.3	0.5	0.31	0.34	1	0.28	0.77
Including	59.3	60.3	1	0.63	1.09	2	0.16	1.36
Including	60.3	61.15	0.85	0.53	3.08	5	1.00	4.67
Including	61.15	62.15	1	0.63	0.22	2	0.58	1.13
Including	62.15	63.15	1	0.63	0.3	1	0.21	0.63
Including	63.15	64	0.85	0.53	3.16	3	0.08	3.33
Including	64	65	1	0.63	0.05	1	0.04	0.13
Including	65	66	1	0.63	1.82	1	0.04	1.89
Including	66	66.43	0.43	0.27	0.27	1	0.01	0.30
Including	66.43	67.43	1	0.63	0.63	4	0.36	1.24
Including	67.43	68.17	0.74	0.46	1.87	2	0.11	2.07
Including	68.17	69.17	1	0.63	4.62	3	0.09	4.79
Including	69.17	70.17	1	0.63	9.75	2	0.13	9.98
Including	70.17	71.35	1.18	0.74	2.67	25	0.34	3.51
KMDD0144	73.35	74.35	1	0.63	1.5	11	0.18	1.91
KMDD0144	76.1	89.3	13.2	8.29	2.44	13	0.37	3.17
Including	76.1	76.9	0.8	0.50	9.72	92	3.34	16.00
Including	76.9	77.6	0.7	0.44	0.35	5	0.17	0.68
Including	77.6	78.5	0.9	0.56	2.15	23	0.26	2.83
Including	78.5	79.5	1	0.63	0.19	1	0.02	0.23
Including	79.5	80.4	0.9	0.56	0.12	1	0.01	0.16
Including	80.4	80.9	0.5	0.31	0.03	1	0.01	0.06
Including	80.9	81.8	0.9	0.56	0.71	7	0.19	1.09
Including	81.8	82.8	1	0.63	0.57	2	0.32	1.09
Including	82.8	83.8	1	0.63	0.11	3	0.17	0.41
Including	83.8	84.8	1	0.63	0.15	2	0.20	0.49
Including	84.8	85.8	1	0.63	0.8	2	0.11	0.99
Including	85.8	86.4	0.6	0.38	1.75	4	0.26	2.20
Including	86.4	86.9	0.5	0.31	21.7	30	0.11	22.25
Including	86.9	87.6	0.7	0.44	2.99	5	0.07	3.17
Including	87.6	88.6	1	0.63	3.83	16	0.44	4.70
Including	88.6	89.3	0.7	0.44	2.57	36	0.17	3.28
KMDD0144	96.9	99.8	2.9	1.71	22.26	20	0.60	23.43	K2
Including	96.9	97.4	0.5	0.29	3.15	4	0.46	3.90
Including	97.4	98.17	0.77	0.45	78.3	31	1.27	80.63
Including	98.17	99.17	1	0.59	2.13	23	0.24	2.79
Including	99.17	99.8	0.63	0.37	0.88	15	0.45	1.76
(1) Gold Equivalent uses copper price of US$2.90/lb; silver price of US$16.5/oz and gold price of US$1,300/oz

Table 2 - Kainantu Gold Mine – Collar Locations for Kora Underground Diamond Drilling
Hole_id	Collar location			Collar orientation		EOH depth (m)	Lode
	Local north	Local East	mRL	Dip	Local azimuth
KMDD0115	59038.22	29951.71	1194.79	-53.5	219.9	318.4	Kora North
KMDD0115A	59038.22	29951.71	1194.79	-53.5	219.9	700.6	Kora North
KMDD0117	59037.81	29951.73	1195.47	-27.4	212.2	395.2	Kora North
KMDD0128	58900.43	29868.54	1190.52	-4.1	229.6	98.55	Kora North
KMDD0130	58900.75	29868.72	1189.82	-18.4	231.4	112.4	Kora North
KMDD0132	59070.85	29805.01	1175.53	4.4	269.7	50.5	Kora North
KMDD0140	58900.72	29868.87	1189.66	-30.3	230.6	136.6	Kora North
KMDD0142	58901.23	29868.64	1192.15	33.5	245.5	92.3	Kora North
KMDD0144	58901.13	29868.67	1189.69	-33.4	243.5	135.7	Kora North

The mineral resource estimate (shown in Table 3 and Table 4) for the Kora, Kora North and Irumafimpa deposits is based on the technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), and titled, “Independent Technical Report, Mineral Resources Estimate Update and Preliminary Economic Assessment of Kora North and Kora Gold Deposits, Kainantu Project, Papua New Guinea” with an effective date of September 30, 2018 (the “Technical Report”) prepared by Anthony Woodward BSc (Hons.), M.Sc., MAIG, Simon Tear BSc (Hons), EurGeol, PGeo IGI, EurGeol, Christopher Desoe BE (Min)(Hons), FAusIMM, RPEQ, MMICA, Lisa J. Park, BEng (Chem), GAICD, FAusIMM. Refer to the Company’s news release dated January 8, 2018 for a summary of the results of the PEA.

Table 3 - Kora North Mineral Resource Estimate
Global Mineral Resources Kora North Gold-Copper Mine - October 2018
Category	Tonnes	Gold		Silver		Copper		AuEq
	Mt	g/t	Mozs	g/t	Mozs	%	Mlbs	g/t	Mozs
Measured	0.15	18.7	0.09	8.9	0.04	0.5	1.6	19.6	0.09
Indicated	0.69	11.6	0.26	14.1	0.31	0.8	11.8	12.9	0.29
Total M & I	0.85	12.9	0.35	13.1	0.36	0.7	13.3	14.1	0.39
Inferred Total	1.92	10.7	0.66	13.3	0.82	0.7	29.5	11.9	0.74
M in table is millions.

Key Assumptions and Parameters

Mineralization comprises two parallel, steeply west dipping, N-S striking quartz-sulphide vein systems, K1 & K2, within an encompassing dilatant structural zone hosted by phyllite.  An additional structure, the Kora Link, has also been defined and provides a possible link between the two main vein systems.

Underground drilling consists of diamond core for a range of core sizes depending on length of hole and expected ground conditions.  Sampling is sawn half core under geological control and generally ranges between 0.5m and 1m.  Underground face sampling is completed for every fired round and is to industry standard.

QAQC data indicated no significant issues with the accuracy of the on-site analysis.

Core recovery of the mineral zone was initially 90%, this has improved to >95%.  There is no relationship between core recovery and gold grade.

Geological logging is consistent and is based on a full set of logging codes covering lithology, alteration and mineralization.

The geological interpretation of the vein systems is represented as 3D wireframe solids snapped to a combination of diamond drillhole data and underground face sampling.  Definition of the wireframes is based on identified gold mineralisation in drillcore nominally at a 0.2g/t Au cut off in conjunction with geological control/sense and current mining widths.

Gold equivalent (AuEq) g/t was calculated using the formula Au g/t +(Cu% x 1.53) + Ag g/t x 0.0127. (No account of metal recoveries through the plant have been used in calculating the metal equivalent grade. However, production is currently achieving 93% metal recovery for both gold and copper and gold is currently providing 95% and copper 5% of the total revenue of the mine).

Gold price US$1,300/oz; silver US$16.5/oz; copper US$2.90/lb.

Table 4 – Irumafimpa and Kora/Eutompi Resource Estimates
Resource by Deposit and Category
Deposit	Resource Category	Tonnes	Gold		Silver		Copper		Gold Equivalent
		Mt	g/t	Moz	g/t	Moz	%	Mlb	g/t	Moz
Irumafimpa	Indicated	0.56	12.8	0.23	9	0.16	0.28	37	13.4	0.24
	Inferred	0.53	10.9	0.19	9	0.16	0.27	74	11.5	0.20
Kora/Eutompi	Inferred	4.36	7.3	1.02	35	4.9	2.23	215	11.2	1.57
Total Indicated		0.56	12.8	0.23	9	0.16	0.3	4.0	13.4	0.24
Total Inferred		4.89	7.7	1.21	32	5.06	2.0	288	11.2	1.76
Notes:
-  M in table is millions.
-  Reported tonnage and grade figures are rounded from raw estimates to reflect the order of accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. Gold equivalents are calculated as AuEq = Au g/t + Cu%*1.52+ Ag g/t*0.0141.

K92 Mine Geology Manager and Mine Exploration Manager, Mr. Andrew Kohler, PGeo, a qualified person under the meaning of NI 43-101, has reviewed and is responsible for the technical content of this news release. Data verification by Mr. Kohler includes significant time onsite reviewing drill core, face sampling, underground workings and discussing work programs and results with geology and mining personnel.

ON BEHALF OF THE COMPANY,

John Lewins, Chief Executive Officer and Director

For further information, please contact Investor Relations at +1-604-687-7130.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the realization of the preliminary economic analysis for the Project, expectations of future cash flows, the proposed plant expansion, potential expansion of resources and the generation of further drilling results which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the market price of the Company’s securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations, and regulations and other matters.. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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