K92 Mining Inc. announced the results of the first two drill holes completed from its maiden drill program at Arakompa at the Kainantu Gold Mine in Papua New Guinea. Arakompa is near infrastructure, located approximately 4.5 km south-east of the Kainantu Gold Mine?s processing plant, and closer to the process plant than the producing Kora and Judd vein systems, located approximately 3 km south-west of Arakompa. K92?s recently completed hole KARDD0002 is the longest hole drilled in the history of the project, intersecting significant mineralization including 4 lodes recording 7.20 m at 24.76 g/t AuEq (3.46 m true thickness), 5.70 m at 9.94 g/t AuEq (2.74 m true thickness), 5.30 m at 6.06 g/t AuEq (2.92 m true thickness) and 3.60 m at 3.37 g/t AuEq (1.73 m true thickness).

One of the lodes, intersecting 5.70 m at 9.94 g/t AuEq, recorded significant chalcopyrite and bornite mineralization, with the copper component grading 1.7%. High grade lode mineralization appears to have significant similarities to Kora and Judd. Additionally, results from hole KARDD0002 demonstrate potential for bulk mining at Arakompa.

Between the lodes, the tonalite to dioritic host rock is mineralized, overprinted with porphyry style gold-copper mineralization. Hole KARDD0002 recorded a bulk intersection of 219.8 m at 1.59 g/t AuEq (112.1 m true thickness) with a higher grade core of 149.4m at 2.12 g/t AuEq (78.4 m true thickness), starting at 5.2 m from surface. Importantly, hole KARDD0002 drilled approximately only two-thirds of the width of the mineralized corridor, with the eastern one-third untested and prospective as shown via rock samples, including 5.8 g/t Au and 11.6 g/t Au.

The maiden drilling results are the first holes completed in 32 years, with limited and shallow drilling completed historically (18 holes, 1,766 m drilled). Of the 18 holes drilled historically, there were 15 intersections above 5 g/t AuEq, 8 intersections above 10 g/t AuEq and 3 intersections above 20 g/t AuEq, with highlights including: 004DA92 ? 4.00 m at 32.03 g/t AuEq (3.32 m true thickness) 013AD92 ?

4.00 m at 20.21 g/t AuEq (3.40 m true thickness) 001AD92 ? 2.80 m at 16.18 g/t AuEq (2.41 m true thickness) 005AD92 ? 2.00 m at 32.01 g/t AuEq (1.26 m true thickness) 016AD92 ?

6.30 m at 14.96 g/t AuEq (2.39 m true thickness) 010AD92 ? 9.20 m at 10.67 g/t AuEq (4.32 m true thickness) Surface field work completed historically and by K92 has demonstrated that the target size of Arakompa is significant, with mineralization observed from drill holes, rock samples and surface workings for at least 1.7 km of strike, hosted within an approximately 150 to 225 m wide mineralized intense phyllic altered package, and a vertical extent of over 500 metres. Plans are already in place to expand exploration activities in the near term.