K92 Mining Announces Bulk Sample Preliminary Results at Judd Vein System and Commencement of Phase 1 Judd Drill Program

• First significant exploration undertaken on Judd by K92, with approximately 109 metres of 5.5m x 5.5m development completed on Judd #1 Vein, one of four known Judd veins. Based on grade control channel sampling, an estimated 6,200 tonnes at 5.5 g/t gold equivalent (“AuEq”) or 3.6 g/t gold, 1.11% copper and 19 g/t silver with an average thickness of 3.4 metres was extracted from Judd #1 Vein.
   
• Development drive reported solid geotechnical competency and multiple high-grade Judd #1 Vein faces from channel sampling, including:
  • 2.2m thickness at 18.7 g/t AuEq or 17.4 g/t Au, 0.65% Cu and 26 g/t Ag;
  • 3.5m thickness at 9.8 g/t AuEq or 3.7 g/t Au, 3.73% Cu and 42 g/t Ag;
  • 3.7m thickness at 9.5 g/t AuEq or 7.4 g/t Au, 1.28% Cu and 17 g/t Ag, and;
  • 4.2m thickness at 8.7 g/t AuEq or 6.0 g/t Au, 1.46% Cu and 37 g/t Ag.
  
  
• Mineralization style from development drive is intrusive related, gold-copper-silver, and similar to Kora.
   
• Diamond drill rig mobilized to commence underground Phase 1 Judd Vein System drill program, targeting strike and vertical extensions.

VANCOUVER, British Columbia, Sept. 03, 2020 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce preliminary underground bulk sample results from the Judd Vein System at the Kainantu Gold Mine in Papua New Guinea. The Judd Vein System is located near-mine infrastructure, ~100-150m North-East from the producing Kora deposit and consists of four known veins, with the bulk sample from Judd #1 Vein. The Judd Vein System has seen very limited exploration, has four known veins and has a target strike length of approximately 2.5 km sub-parallel to Kora. Historical drilling results from previous owners include 3m at 278.2 g/t Au and 0.21% Cu, 9m at 8.32 g/t Au and 1.11% Cu (core length), and K92 intersected Judd in a surface drill hole targeting Kora, ~500m to the South of those historical holes 4.7m at 4.98 g/t Au, 0.02% Cu and 17 g/t Ag (5.22 g/t AuEq, 4.2m true thickness) – see September 9, 2019 press release K92 Mining Announces Latest High-Grade Drill Results from Kora. The results mark the first significant exploration activity undertaken on Judd by K92.