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K92 Mining Announces Filing of Technical Report for Maiden Blue Lake Resource Estimation, Canadian Business Journal

VANCOUVER, British Columbia, September 23, 2022 (GLOBE NEWSWIRE) — K92 Mining Co., Ltd.(“K92” or “Company”) (TSX: KNT; OTCQX: KNTNF) We announce that we have submitted a technical report (“technical report”) contains the first resource estimate for the Blue Lake gilt-copper porphyry deposit in Papua New Guinea. Technical Report entitled “Papua New Guinea, Kainantu Blue Lake Porphyry Deposits, Independent Technical Report, Mineral Resource Estimation,” dated 20 September 2022, effective 1 August 2022, by Simon Tear BSc (Hons) created. , EurGeol, PGeo IGI, EurGeol, Anthony Woodward BSc (Hons), M.Sc., MAIG. See news release. A technical report was prepared in accordance with National Instrument 43-101 –. Mineral Project Disclosure Standards Available on the company’s SEDAR profile (www.sedar.com) and on K92’s website (www.k92mining.com).

The Blue Lake project is the Kainantu gold mine in Papua New Guinea, located approximately 4 km southwest of the Kora and Judd intrusion-related deposits where the Company produces high-grade gilt copper. Blue Lake was discovered by K92 after mineralized lithocaps were identified in 2017. K92 completed his two diamond drill programs totaling 26 holes and 16,474.8 meters at Blue Lake.

About K92

K92 Mining Inc. produces 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 deposits in the immediate vicinity of the mine. The company declared commercial production from his Kainantu in February 2018 and is in strong financial position. The first resource estimate for the Blue Lake Porphyry Project was completed in August 2022. K92 is run by a team of mining company experts with extensive experience in international mine construction and operations.

on behalf of the company

John Lewins, Chief Executive Officer and Director

For more information, please contact David Medilek, P.Eng., CFA at +1-604-416-4445.

Cautionary Note Regarding Forward-Looking Information: This news release contains certain “forward-looking statements” under applicable Canadian securities laws. All statements regarding anticipated future events or developments contained in this news release are forward-looking statements. Forward-looking statements are statements that are not historical facts and generally, but not always, include words such as “expects,” “plans,” “predicts,” “projects,” “goals,” “potential Identified by terms such as “sex”, “schedule”, etc. ‘, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’, ‘believe’ and similar expressions or negative connotations thereof or that the event or condition ‘will’, ‘will’ , “could”, “could”, “should” or “could occur”. All such forward-looking statements are based on management’s opinions and estimates as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our control. and may cause actual results, levels of activity, performance or outcomes. materially differ from those expressed or implied by such forward-looking information; Such factors include, but are not limited to, public health crises including the COVID-19 pandemic. Changes in the price of gold, silver, copper and other metals on the world market. Fluctuations in prices and availability of infrastructure, energy and other commodities. fluctuations in foreign exchange rates; volatility in the price of our common stock; inherent risks associated with mining, including weather- and climate-related issues in remote areas where some of our operations are located; Failure to meet production, cost, and other estimates. risks and uncertainties associated with exploration and development; The fact that no mineral reserves feasibility study has been prepared for the Kainantu Mine, demonstrating its economic and technical feasibility. uncertainties relating to estimates of Mineral Resources, including the uncertainty that Mineral Resources may never be converted into Mineral Reserves; our ability to continue our current and future operations, including development and exploration activities; the timing, extent, duration and economic viability of such operations (including mineral resources or reserves identified thereby); Accuracy and Reliability of Estimates, Forecasts, Predictions, Surveys and Evaluations. Estimates, forecasts and our ability to meet or achieve forecasts. Availability and cost of inputs. Prices and markets for commodities including gold, silver and copper. our inability to identify suitable acquisition targets or complete desirable acquisitions; Information system failure or information security threat. political, economic and other risks associated with our overseas operations; Geopolitical events and other uncertainties, such as the conflict in Ukraine. Complying with various legal and regulatory requirements to which we are subject, including taxation; Ability to obtain timely financing on reasonable terms if needed. Current and future social, economic and political conditions. This includes relationships with communities within the jurisdictions in which we operate. Other Assumptions and Factors Generally Associated with Mining. risks, uncertainties and other factors described under the heading “Risk Factors” on our Annual Information Form; Mineral Resource estimates are also forward-looking statements, as they constitute projections based on certain estimates and assumptions about future mineral quantities and/or the economics of production to be expected if mining occurs. . Forward-looking statements are not guarantees of future performance and actual results and future events may differ materially from those projected by such statements. We have attempted to identify important factors that could cause our actual results to differ materially from those contained in the forward-looking statements, but none of them could cause our actual results to differ materially from those anticipated, estimated or intended. There may be other factors that make There can be no assurance that such statements will prove to be accurate, as actual results or future events could differ materially from those projected in such statements. You should not place undue reliance on forward-looking statements. We disclaim 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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K92 Mining Announces Filing of Technical Report for Maiden Blue Lake Resource Estimation, Canadian Business Journal

Source link K92 Mining Announces Filing of Technical Report for Maiden Blue Lake Resource Estimation, Canadian Business Journal

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