Refurbishment of K92 Mining’s Kainantu Processing Plant Completed, Papua New Guinea
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K92 Mining Inc. has provided an update on the progress on the refurbishment and rehabilitation of its Kainantu Mine.
The refurbishment of the Kainantu Processing Plant has now been completed and the restart of mining and processing operations is on schedule and on budget.
K92 also has engaged Mincore of Melbourne, Australia to complete a scoping study for the expansion of the existing processing plant to double its capacity to approximately 400,000 tonnes per annum. It is anticipated that the above studies will be completed in early September.
The company expects to commence underground diamond drilling of the Irumafimpa orebody in the coming week.
K92 additionally expects a second drill rig to arrive onsite by the end of August, which will allow the company to also conduct concurrent drilling of the Judd Vein System which has been identified from earlier drilling and exploration work by Highlands Pacific and Barrick. The Judd Lode is known to have a strike length of at least 2,500 meters running parallel and to the East of the Irumafimpa and Kora deposits, only approximately 100 meters from the main incline. Previously reported drilling results from Judd include 3m @ 278.2 g/t Au & 0.21 percent Cu and 9m @ 8.32 g/t Au & 1.11 percent Cu.
About K92 Mining
K92 Mining is focused on advancing the Kainantu Gold Mine, located in the Eastern Highlands province of Papua New Guinea, towards production. Combined, the management team have been involved in building over 20 mines and $5 billion in buyouts.
To stop by K92 Mining’s website, CLICK HERE
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