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VANCOUVER, British Columbia, Sept. 23, 2022 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “Firm”) (TSX: KNT; OTCQX: KNTNF) pronounces that it has filed a technical report (the “Technical Report”) containing a maiden useful resource estimate on the Blue Lake gold-copper porphyry deposit in Papua New Guinea. The Technical Report, titled, “Unbiased Technical Report, Mineral Useful resource Estimate Blue Lake Porphyry Deposit, Kainantu, Papua New Guinea” dated September 20, 2022, with an efficient date of August 1, 2022, was ready by Simon Tear BSc (Hons), EurGeol, PGeo IGI, EurGeol, and Anthony Woodward BSc (Hons), M.Sc., MAIG. Discuss with the Firm’s information launch dated August 9, 2022, for a abstract of the important thing outcomes, assumptions and estimates contained within the Technical Report. The Technical Report was ready in accordance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks and is obtainable below the Firm’s SEDAR profile (www.sedar.com) and on the K92 web site at www.k92mining.com.
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The Blue Lake challenge is positioned roughly 4 km southwest of the Firm’s producing high-grade gold-copper Kora and Judd intrusion-related deposits on the Kainantu Gold Mine in Papua New Guinea. Blue Lake was found by K92 after mineralized lithocap was recognized in 2017. K92 has accomplished two diamond drill packages at Blue Lake for a complete of 26 holes and 16,474.8 metres.
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K92 Mining Inc. is engaged within the manufacturing of gold, copper and silver on the Kainantu Gold Mine within the Japanese Highlands province of Papua New Guinea, in addition to exploration and improvement of mineral deposits within the rapid neighborhood of the mine. The Firm declared industrial manufacturing from Kainantu in February 2018, is in a powerful monetary place. A maiden useful resource estimate on the Blue Lake porphyry challenge was accomplished in August 2022. K92 is operated by a staff of mining firm professionals with intensive worldwide mine-building and operational expertise.
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On Behalf of the Firm,
John Lewins, Chief Government Officer and Director
For additional data, please contact David Medilek, P.Eng., CFA at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This information launch consists of sure “forward-looking statements” below relevant Canadian securities laws. All statements on this information launch that deal with occasions or developments that we anticipate to happen sooner or later are forward-looking statements. Ahead-looking statements are statements that aren’t historic information and are usually, though not at all times, recognized by phrases equivalent to “anticipate”, “plan”, “anticipate”, “challenge”, “goal”, “potential”, “schedule”, “forecast”, “funds”, “estimate”, “intend” or “consider” and related expressions or their unfavorable connotations, or that occasions or circumstances “will”, “would”, “might”, “may”, “ought to” or “would possibly” happen. All such forward-looking statements are based mostly on the opinions and estimates of administration as of the date such statements are made. Ahead-looking statements are essentially based mostly on estimates and assumptions which might be inherently topic to identified and unknown dangers, uncertainties and different elements, lots of that are past our capability to regulate, that will trigger our precise outcomes, degree of exercise, efficiency or achievements to be materially totally different from these expressed or implied by such forward-looking data. Such elements embrace, with out limitation, Public Well being Crises, together with the COVID-19 Pandemic; adjustments within the worth of gold, silver, copper and different metals on the planet markets; fluctuations within the worth and availability of infrastructure and vitality and different commodities; fluctuations in international forex change charges; volatility in worth of our Widespread Shares; inherent dangers related to the mining trade, together with issues associated to climate and local weather in distant areas wherein sure of the Firm’s operations are positioned; failure to attain manufacturing, value and different estimates; dangers and uncertainties related to exploration and improvement; the truth that a feasibility finding out of mineral reserves demonstrating financial and technical viability has not been ready for the Kainantu Mine; uncertainties regarding estimates of mineral sources together with uncertainty that mineral sources might by no means be transformed into mineral reserves; the Firm’s capability to hold on present and future operations, together with improvement and exploration actions; the timing, extent, length and financial viability of such operations, together with any mineral sources or reserves recognized thereby; the accuracy and reliability of estimates, projections, forecasts, research and assessments; the Firm’s capability to satisfy or obtain estimates, projections and forecasts; the provision and value of inputs; the value and marketplace for outputs, together with gold, silver and copper; lack of ability of the Firm to establish acceptable acquisition targets or full fascinating acquisitions; failures of data techniques or data safety threats; political, financial and different dangers related to the Firm’s international operations; geopolitical occasions and different uncertainties, such because the battle in Ukraine; compliance with varied legal guidelines and regulatory necessities to which the Firm is topic to, together with taxation; the power to acquire well timed financing on affordable phrases when required; the present and future social, financial and political circumstances, together with relationship with the communities in jurisdictions it operates; different assumptions and elements usually related to the mining trade; and the dangers, uncertainties and different elements referred to within the Firm’s Annual Info Type below the heading “Danger Elements”. Estimates of mineral sources are additionally forward-looking statements as a result of they represent projections, based mostly on sure estimates and assumptions, relating to the quantity of minerals that could be encountered sooner or later and/or the anticipated economics of manufacturing, ought to mining happen. Ahead-looking statements are usually not a assure of future efficiency, and precise outcomes and future occasions may materially differ from these anticipated in such statements. Though now we have tried to establish necessary elements that might trigger precise outcomes to vary materially from these contained within the forward-looking statements, there could also be different elements that trigger precise outcomes to vary materially from these which might be anticipated, estimated, or supposed. There might be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as required by legislation.