Latest High-Grade Kora Drill Results From Kora North Extension

 

VANCOUVER, British Columbia, June 04, 2019 (GLOBE NEWSWIRE) --

• Drill Hole KMDD0119, with a K2 intersection approximately 100 metres above the existing Kora North Resource and 100 metres below the existing Kora Resource, records multiple intersections including 49.46 m at 4.58 g/t Au, 33 g/t Ag and 1.09% Cu (6.80 g/t AuEq) plus 3.66 m at 39.88 g/t Au, 280 g/t Ag and 0.25% Cu (43.94 g/t AuEq)
   
• Drill Hole KMDD0146 records multiple intersections including 5.28 m at 53.85 g/t Au, 8 g/t Ag and 0.76% Cu (55.10 g/t AuEq) plus 11.00 m at 6.33 g/t Au, 8 g/t Ag and 0.40% Cu (7.05 g/t AuEq) plus 3.82 m at 8.81 g/t Au, 43 g/t Ag and 1.94% Cu (12.32 g/t AuEq)
   
• Drill Hole KMDD0148 records multiple intersections including 5.81 m at 8.36 g/t Au, 12 g/t Ag and 0.63% Cu (9.49 g/t Au Eq) plus 5.61 m at 19.22 g/t Au, 23g/t Ag and 1.58% Cu (21.92 g/t AuEq)

• Drill Hole KMDD0150 records multiple intersections including 6.72 m at 6.00 g/t Au, 12 g/t Ag and 0.79% Cu (7.36 g/t AuEq) plus 22.37 m at 2.51 g/t Au, 10 g/t Ag and 0.71% Cu (3.72 g/t AuEq) plus 7.26 m at 8.39 g/t Au, 17 g/t Ag and 0.40% Cu (9.22 g/t AuEq)

• Drill Hole KMDD0152 records multiple intersections including 7.45 m at 30.95 g/t Au, 5 g/t Ag and 0.44% Cu (31.69 g/t AuEq) plus 3.80 m at 2.80 g/t Au, 11 g/t Ag and 0.23% Cu (3.29 g/t AuEq)

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 6 diamond drill holes completed from diamond drill cuddy 3 and cuddy 5 (DDC3 and DDC5) into the Kora North deposit are summarized in Table 1 below.

John Lewins, K92 Chief Executive Officer and Director, stated, “The latest results include hole KMDD0119 which reported a K2 intersection of 3.66 metres at 43.94 g/t AuEq approximately 100 metres above the current Kora North Resource and 100 metres below the current Kora Resource. This hole also reported a K1 intersection of 49.46 metres @ 6.80 g/t which appears to be analogous with the E4 lode in Kora/Eutompi. This hole is considered very significant as it provides clear evidence of the continuity between the Kora and Kora North Resource.

While the above hole KMDD0119 was drilled from underground, the balance of the planned drill holes above the Kora North Resource and below the Kora/Eutompi Resource will be drilled from surface. The surface diamond drill rig which will undertake this drilling program has been mobilized and has now commenced drilling the first hole from surface. This brings to four the number of diamond drill rigs operating on the Kora/Kora North drilling program.”

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 %	Gold equivalent g/t	Comment
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
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	KL
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
KMDD0146	42.72	48	5.28	4.36	53.85	8	0.76	55.10	K1
including	42.72	43.2	0.48	0.40	308	26	0.81	309.57
including	43.2	44.6	1.4	1.16	2.05	1	0.53	2.88
including	44.6	45.3	0.7	0.58	69.3	24	3.58	75.08
including	45.3	46	0.7	0.58	113	10	0.35	113.66
including	46	47	1	0.83	0.85	1	0.03	0.91
including	47	48	1	0.83	5.14	3	0.08	5.29
KMDD0146	54	65	11	9.05	6.33	8	0.40	7.05	KL
including	54	55	1	0.82	1.23	1	0.08	1.37
including	55	56	1	0.82	1.42	4	0.21	1.80
including	56	57	1	0.82	0.07	0.5	0.07	0.19
including	57	58.2	1.2	0.99	11.7	56	1.64	14.92
including	58.2	59.7	1.5	1.23	3.41	3	0.22	3.78
including	59.7	61	1.3	1.07	20.8	6	0.60	21.79
including	61	62	1	0.82	12.7	1	0.07	12.81
including	62	63	1	0.82	5.31	1	0.08	5.44
including	63	64	1	0.82	1.56	2	0.56	2.44
including	64	65	1	0.82	1.19	3	0.21	1.55
KMDD0146	72.18	76	3.82	3.35	8.81	43	1.94	12.32	K2
including	72.18	73	0.82	0.72	3.06	18	0.84	4.57
including	73	74	1	0.88	2.04	17	0.07	2.37
including	74	75	1	0.88	28.4	121	6.04	39.18
including	75	76	1	0.88	0.71	13	0.60	1.79
KMDD0148	46.16	51.97	5.81	4.56	8.36	12	0.63	9.49	K1
including	46.16	46.43	0.27	0.21	16.58	4	0.40	17.24
including	46.43	46.69	0.26	0.20	0.88	5	0.80	2.16
including	46.69	47.72	1.03	0.81	24.92	22	1.13	26.92
including	47.72	48.57	0.85	0.67	0.35	2	0.16	0.62
including	48.57	49	0.43	0.34	6.66	72	3.19	12.45
including	49	49.35	0.35	0.27	1.18	7	0.35	1.80
including	49.35	49.85	0.5	0.39	4.78	3	0.14	5.03
including	49.85	50.19	0.34	0.27	1.01	1	0.01	1.04
including	50.19	51.19	1	0.78	11.43	2	0.03	11.50
including	51.19	51.67	0.48	0.38	0.31	1	0.01	0.33
including	51.67	51.97	0.3	0.24	1.12	25	1.52	3.76
KMDD0148	54.9	66.01	11.11	9.60	1.28	6	0.89	2.71	KL
including	54.9	55.9	1	0.86	7.78	2	0.18	8.08
including	55.9	56.8	0.9	0.78	0.21	1	0.09	0.36
including	56.8	57.6	0.8	0.69	0.22	12	2.96	4.90
including	57.6	58.87	1.27	1.10	0.19	9	2.16	3.61
including	58.87	60	1.13	0.98	0.06	2	0.25	0.47
including	60	60.7	0.7	0.60	0.07	1	0.24	0.44
including	60.7	62	1.3	1.12	0.46	4	0.21	0.84
including	62	62.6	0.6	0.52	0.17	2	0.19	0.49
including	62.6	63.62	1.02	0.88	0.15	7	1.00	1.76
including	63.62	64.32	0.7	0.60	0.8	13	3.11	5.72
including	64.32	64.75	0.43	0.37	8.36	16	0.40	9.18
including	64.75	65.57	0.82	0.71	0.2	2	0.18	0.50
including	65.57	66.01	0.44	0.38	1.21	10	0.29	1.78
KMDD0148	74.5	80.11	5.61	5.03	19.22	23	1.58	21.92	K2
including	74.5	75.03	0.53	0.48	12.02	4	0.33	12.57
including	75.03	75.57	0.54	0.48	0.5	3	0.01	0.56
including	75.57	76.79	1.22	1.09	78.4	8	0.24	78.87
including	76.79	77	0.21	0.19	0.41	1	0.04	0.49
including	77	78.03	1.03	0.92	1.48	76	4.72	9.67
including	78.03	78.37	0.34	0.30	0.36	3	0.05	0.48
including	78.37	78.9	0.53	0.48	2.2	6	0.04	2.34
including	78.9	80.11	1.21	1.08	2.16	27	2.86	6.88
KMDD0150	56.63	63.35	6.72	5.84	6.00	12	0.79	7.36	K1
including	56.63	57.5	0.87	0.76	8	1	0.12	8.19
including	57.5	57.93	0.43	0.37	0.3	1	0.15	0.54
including	57.93	58.26	0.33	0.29	0.1	1	0.02	0.15
including	58.26	58.5	0.24	0.21	0.21	2	0.15	0.46
including	58.5	59.17	0.67	0.58	0.15	4	0.51	0.98
including	59.17	59.6	0.43	0.37	0.81	12	0.73	2.07
including	59.6	59.95	0.35	0.30	0.94	24	1.23	3.13
including	59.95	60.35	0.4	0.35	2.29	49	5.99	12.08
including	60.35	60.96	0.61	0.53	0.6	6	0.71	1.76
including	60.96	61.39	0.43	0.37	2.69	11	1.40	4.97
including	61.39	61.86	0.47	0.41	31.03	8	0.42	31.77
including	61.86	62.5	0.64	0.56	20.84	34	0.43	21.93
including	62.5	63.35	0.85	0.74	2.35	7	0.17	2.70
KMDD0150	71.2	93.57	22.37	13.25	2.51	10	0.71	3.72	KL
including	71.2	71.61	0.41	0.24	1.45	7	3.00	6.13
including	71.61	72.22	0.61	0.36	8.07	2	0.09	8.24
including	72.22	72.91	0.69	0.41	24.62	3	0.32	25.15
including	72.91	73.25	0.34	0.20	0.28	2	0.15	0.53
including	73.25	74.27	1.02	0.60	1.2	33	3.43	6.87
including	74.27	74.71	0.44	0.26	0.1	5	1.21	2.01
including	74.71	75.57	0.86	0.51	0.21	8	2.43	4.03
including	75.57	76.44	0.87	0.52	0.06	3	0.14	0.31
including	76.44	76.79	0.35	0.21	0.39	7	0.32	0.97
including	76.79	77.25	0.46	0.27	2.3	53	8.43	15.87
including	77.25	77.66	0.41	0.24	3	21	2.31	6.80
including	77.66	78.2	0.54	0.32	0.35	6	0.21	0.75
including	78.2	79.1	0.9	0.53	0.1	3	0.08	0.26
including	79.1	80	0.9	0.53	0.04	3	0.02	0.11
including	80	80.59	0.59	0.35	0.34	4	0.08	0.52
including	80.59	81.5	0.91	0.54	0.03	2	0.07	0.16
including	81.5	82.5	1	0.59	0.3	12	0.93	1.87
including	82.5	83	0.5	0.30	0.06	1	0.08	0.20
including	83	83.43	0.43	0.25	0.08	3	0.07	0.23
including	83.43	83.85	0.42	0.25	1.13	8	0.27	1.65
including	83.85	84.6	0.75	0.44	0.23	5	0.11	0.45
including	84.6	85	0.4	0.24	0.45	10	0.16	0.82
including	85	85.8	0.8	0.47	2.31	37	0.22	3.12
including	85.8	86.7	0.9	0.53	0.35	11	0.25	0.87
including	86.7	87.2	0.5	0.30	1.59	23	0.32	2.37
including	87.2	87.66	0.46	0.27	0.94	2	0.08	1.09
including	87.66	88.18	0.52	0.31	1.02	10	0.21	1.47
including	88.18	88.9	0.72	0.43	1.15	13	0.24	1.68
including	88.9	89.57	0.67	0.40	1.03	2	0.08	1.17
including	89.57	90.1	0.53	0.31	6.57	15	0.07	6.86
including	90.1	90.6	0.5	0.30	0.36	1	0.02	0.40
including	90.6	91.5	0.9	0.53	0.5	2	0.04	0.59
including	91.5	92.3	0.8	0.47	17.87	20	0.27	18.53
including	92.3	92.81	0.51	0.30	0.89	3	0.27	1.34
including	92.81	93.12	0.31	0.18	0.23	4	0.20	0.59
including	93.12	93.57	0.45	0.27	7.98	4	0.18	8.31
KMDD0150	96.24	103.5	7.26	4.99	8.39	17	0.40	9.22	K2
including	96.24	96.7	0.46	0.32	3.79	30	1.08	5.82
including	96.7	97.6	0.9	0.62	0.16	4	0.18	0.48
including	97.6	98.29	0.69	0.47	0.13	2	0.06	0.25
including	98.29	99.2	0.91	0.63	10.32	7	0.11	10.58
including	99.2	99.75	0.55	0.38	0.35	2	0.07	0.48
including	99.75	100.3	0.55	0.38	4.92	46	0.33	6.01
including	100.3	101.4	1.1	0.76	4.81	39	0.55	6.15
including	101.4	102.57	1.17	0.80	29.19	14	0.64	30.35
including	102.57	102.97	0.4	0.27	10.37	5	0.13	10.63
including	102.97	103.5	0.53	0.36	5.82	18	0.87	7.38
KMDD0150	107	108.7	1.7	1.15	1.55	1	0.51	2.34
including	107	107.6	0.6	0.41	0.11	1	0.73	1.24
including	107.6	107.99	0.39	0.26	0.05	1	0.38	0.65
including	107.99	108.7	0.71	0.48	3.59	1	0.38	4.19
KMDD0119	5	5.9	0.9	0.30	1.07	16	0.20	1.60
KMDD0119	95	96	1	0.33	27.22	3	0.01	27.27
KMDD0119	264	313.46	49.46	16.47	4.58	33	1.09	6.80	K1
including	264	265.14	1.14	0.38	75.00	41	0.27	75.98
including	265.14	266.76	1.62	0.54	1.52	1	0.13	1.75
including	266.76	267.72	0.96	0.32	2.21	1	0.11	2.40
including	267.72	268.66	0.94	0.31	4.00	3	0.14	4.27
including	268.66	269.58	0.92	0.31	6.70	1	0.01	6.73
including	269.58	270.7	1.12	0.37	0.33	1	0.02	0.38
including	270.7	272	1.3	0.43	0.27	1	0.05	0.37
including	272	273	1	0.33	0.14	1	0.13	0.36
including	273	274.63	1.63	0.54	0.33	1	0.05	0.42
including	274.63	275.85	1.22	0.41	9.28	4	0.16	9.59
including	275.85	276.45	0.6	0.20	0.38	1	0.01	0.41
including	276.45	276.84	0.39	0.13	0.98	4	0.02	1.07
including	276.84	277.84	1	0.33	2.71	11	0.07	2.97
including	277.84	278.8	0.96	0.32	4.48	11	0.22	4.98
including	278.80	279.16	0.36	0.12	0.49	2	0.09	0.66
including	279.16	279.58	0.42	0.14	0.52	11	2.33	4.46
including	279.58	280.2	0.62	0.21	0.23	2	0.01	0.27
including	280.2	281.2	1	0.33	0.93	2	0.05	1.03
including	281.2	282.04	0.84	0.28	7.40	6	0.23	7.86
including	282.04	282.67	0.63	0.21	4.01	70	7.09	16.48
including	282.67	282.99	0.32	0.11	0.58	6	0.03	0.71
including	282.99	283.8	0.81	0.27	2.68	89	4.92	11.86
including	283.8	284.1	0.3	0.10	0.48	5	0.37	1.14
including	284.1	284.6	0.5	0.17	5.04	39	0.29	6.02
including	284.6	285.6	1	0.33	14.60	23	0.32	15.41
including	285.6	286.09	0.49	0.16	0.73	41	3.03	6.20
including	286.09	286.4	0.31	0.10	0.36	14	0.14	0.77
including	286.4	287.27	0.87	0.29	0.30	4	0.13	0.56
including	287.27	287.47	0.2	0.07	0.65	19	0.80	2.20
including	287.47	287.6	0.13	0.04	1.22	195	11.55	22.59
including	287.6	288.06	0.46	0.15	2.25	103	4.51	10.94
including	288.06	288.4	0.34	0.11	1.52	11	0.34	2.21
including	288.4	289.3	0.9	0.30	0.64	8	0.42	1.43
including	289.3	290	0.7	0.23	1.01	29	6.02	11.20
including	290	291.2	1.2	0.40	0.63	10	0.24	1.16
including	291.2	291.55	0.35	0.12	0.49	9	0.34	1.16
including	291.55	292	0.45	0.15	1.64	11	0.13	2.00
including	292	293.26	1.26	0.42	0.98	8	0.07	1.20
including	293.26	294.3	1.04	0.35	2.02	18	0.98	3.86
including	294.3	296	1.7	0.57	0.55	18	0.38	1.41
including	296	298	2	0.67	1.41	65	1.25	4.30
including	298	299.3	1.3	0.43	1.10	8	0.05	1.28
including	299.3	300.1	0.8	0.27	0.50	22	0.35	1.35
including	300.1	301.3	1.2	0.40	2.45	73	0.15	3.65
including	301.3	302	0.7	0.23	3.26	38	0.11	3.94
including	302	303	1	0.33	11.72	142	0.09	13.71
including	303	304	1	0.33	8.43	109	0.07	9.97
including	304	305	1	0.33	8.32	127	0.17	10.25
including	305	306	1	0.33	3.94	54	0.53	5.50
including	306	306.8	0.8	0.27	2.11	128	1.29	5.89
including	306.8	307	0.2	0.07	8.03	84	0.48	9.91
including	307	308	1	0.33	5.32	72	1.51	8.72
including	308	308.5	0.5	0.17	1.93	23	0.47	3.00
including	308.5	309.29	0.79	0.26	0.44	24	0.92	2.26
including	309.29	310	0.71	0.24	7.94	84	10.82	26.67
including	310	310.4	0.4	0.13	7.41	90	9.75	24.47
including	310.4	310.7	0.3	0.10	2.94	110	6.85	15.54
including	310.7	311	0.3	0.10	5.87	126	11.51	26.27
including	311	311.9	0.9	0.30	1.40	43	2.06	5.32
including	311.9	312.44	0.54	0.18	0.12	6	0.15	0.44
including	312.44	313.46	1.02	0.34	1.76	37	3.46	7.88
KMDD0119	314.5	314.8	0.3	0.10	1.25	9	0.02	1.40
KMDD0119	326.94	330.6	3.66	1.67	39.88	280	0.25	43.94	K2
including	326.94	327.94	1	0.46	8.92	36	0.08	9.52
including	327.94	329	1.06	0.48	7.10	42	0.10	7.82
including	329	330	1	0.46	105.80	750	0.63	116.63
including	330	330.6	0.6	0.27	39.50	326	0.13	43.97
KMDD0119	344.3	344.53	0.23	0.10	1.24	28	0.43	2.30
KMDD0152	49.65	57.1	7.45	4.70	30.95	5	0.44	31.69	K1/E4?
including	49.65	50.3	0.65	0.41	64.4	5	0.92	65.88
including	50.3	50.9	0.6	0.38	25.8	6	1.07	27.52
including	50.9	51.35	0.45	0.28	0.96	1	0.54	1.80
including	51.35	52.04	0.69	0.44	9.94	2	0.38	10.54
including	52.04	52.9	0.86	0.54	82.5	15	0.56	83.55
including	52.9	53.6	0.7	0.44	1.2	1	0.13	1.42
including	53.6	54.39	0.79	0.50	0.57	2	0.05	0.68
including	54.39	55.39	1	0.63	45.7	5	0.60	46.67
including	55.39	56.1	0.71	0.45	65.1	10	0.39	65.83
including	56.1	57.1	1	0.63	1.81	1	0.06	1.91
KMDD0152	58	59.9	1.9	1.70	2.07	1	0.11	2.26	KL
including	58	59.6	1.6	1.43	2.13	1	0.06	2.24
including	59.6	59.9	0.3	0.27	1.74	3	0.37	2.34
KMDD0152	69.2	73	3.8	3.50	2.80	11	0.23	3.29	K2
including	69.2	69.43	0.23	0.21	8.53	3	0.16	8.82
including	69.43	70.7	1.27	1.17	1.41	7	0.17	1.76
including	70.7	72.3	1.6	1.47	3.78	18	0.35	4.54
including	72.3	73	0.7	0.64	1.21	6	0.06	1.38

 ⁽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
KMDD0144	58901.13	29868.67	1189.69	-33.4	243.5	135.7	Kora North
KMDD0146	58901.97	29868.46	1192.60	36.7	266.7	84.5	Kora North
KMDD0148	58901.92	29868.56	1189.97	-24.3	263.8	124.4	Kora North
KMDD0150	58901.94	29868.95	1189.75	-47.2	263.1	160.7	Kora North
KMDD0119	59037.74	29951.70	1199.34	43.1	215.0	368.1	Kora North
KMDD0152	58901.97	29868.80	1193.97	54.4	266.1	149.1	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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