K92 Mining Inc.
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3.5m at 13.1 g/t AuEq Drilled at Great Pacific Gold's Wild Dog Project
Newsfile· 2025-08-05 11:30
Core Viewpoint - Great Pacific Gold Corp. has reported promising results from its Phase 1 drill program at the Wild Dog Project in Papua New Guinea, indicating significant gold-copper mineralization potential and plans for program expansion [1][4][11]. Group 1: Drilling Program Overview - The current Phase 1 drill program aims to explore high-priority targets over a 3km strike length within a mineralized corridor, with a total of 2,500 meters of diamond drilling planned across 16 holes [2]. - The Wild Dog corridor was previously surveyed using MobileMT geophysics, revealing a strong conductivity trend extending over 15km and to depths exceeding 1,000 meters [2]. Group 2: Key Drilling Results - Seven drill holes have been completed, with the eighth hole currently in progress. Notable results include: - WDG-05: 3.0 meters at 2.4 g/t AuEq from 72.0 meters [6]. - WDG-06: 3.5 meters at 13.1 g/t AuEq from 12.0 meters, including 0.6 meters at 25.3 g/t AuEq [6]. - WDG-07: 10.0 meters at 4.0 g/t AuEq from 153.0 meters, including 5.1 meters at 6.5 g/t AuEq [6][7]. Group 3: Mineralization Continuity - The drilling results demonstrate continuity of the mineralized system, with WDG-07 extending the mineralization 250 meters to the north and WDG-08 intersecting the targeted structure approximately 30 meters south of WDG-07 [4][10]. - The main Wild Dog structure was intersected in WDG-07, showing a 34.5-meter zone of intense quartz-sulphide veining and brecciation, grading 1.77 g/t AuEq [15]. Group 4: Future Plans - Based on the success of the initial drilling results, the company is considering an expansion of the Phase 1 program [4][11]. - Additional drilling is planned, including WDG-09, which will target the mineralized zone approximately 30 meters north of the WDG-07 intercept [10]. Group 5: Company Background - Great Pacific Gold focuses on developing gold-copper resources in Papua New Guinea, with a portfolio that includes the Wild Dog Project and the Tinga Valley Project [22].
Great Pacific Gold Appoints Alex Heath as Chief Financial Officer
Newsfile· 2025-07-09 11:30
Company Announcement - Great Pacific Gold Corp. has appointed Alex Heath as Chief Financial Officer, effective immediately, while the current CFO Jonathan Richards will assist for the next two months to ensure a smooth transition [1][2][3] Executive Background - Alex Heath brings over twenty years of experience in finance, investment banking, corporate development, and investor relations, having held senior roles in various companies, including Defense Metals Corp. and Prospector Metals Corp. [2] Financial Position - The company successfully closed an equity financing raising $16.9 million, which positions it well to advance its drilling program at the Wild Dog Project in Papua New Guinea [3] Stock Options and RSUs - In conjunction with the CFO appointment, the company issued 500,000 stock options and 250,000 restricted share units (RSUs), with specific vesting schedules for both [3] Project Overview - Great Pacific Gold has a portfolio of exploration-stage projects in Papua New Guinea, focusing on developing gold-copper resources [4] - The Wild Dog Project is a brownfield exploration project with a history of small-scale gold mining and is currently undergoing a drilling program [4] - The Kesar Project is a greenfield exploration project with high-priority targets and has shown high grades of gold in previous exploration [4] - The Arau Project contains the Mt. Victor exploration target, which has potential for a high sulphidation epithermal gold-base metal deposit [4][5]
K92 Mining Announces Strong Q2 Production Results – 34,816 oz AuEq Produced, and Commenced Commissioning of 1.2 Mtpa Stage 3 Process Plant in June
Globenewswire· 2025-07-08 21:00
Core Viewpoint - K92 Mining Inc. reported strong production results for Q2 2025 from its Kainantu Gold Mine, with significant increases in gold equivalent production and progress on the Stage 3 Expansion project [1][4][6]. Production Results - Q2 2025 production included 34,816 ounces of gold equivalent (AuEq), 32,375 ounces of gold, 1,536,505 pounds of copper, and 42,824 ounces of silver, marking a 43% increase from Q2 2024 [4]. - Quarterly sales comprised 28,864 ounces of gold, 1,275,176 pounds of copper, and 34,532 ounces of silver [4]. - The first half of 2025 saw a total production of 82,633 ounces AuEq, exceeding budget expectations, with an annual guidance of 160,000 to 185,000 ounces AuEq reiterated [4][9]. Processing and Recovery - A total of 130,337 tonnes of ore were processed in Q2 2025, reflecting a 36% increase from Q2 2024 and a 26% increase from Q1 2025, with a head grade of 8.9 grams per tonne AuEq [4]. - Metallurgical recoveries were strong, with gold recovery at 93.3% and copper recovery at 94.9%, surpassing the updated definitive feasibility study parameters [4][7]. Stage 3 Expansion Progress - The commissioning of the new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant has commenced, with practical completion expected in the first half of Q4 2025 [6][8]. - As of June 30, 2025, 86% of the Stage 3 Expansion growth capital has been spent or committed, remaining on budget [4][8]. Infrastructure Developments - Several ancillary construction projects were completed, including a temporary power station and Phase 1 of a permanent power station [4]. - Underground infrastructure upgrades are nearing completion, which are essential for increasing mining rates [7][8]. Future Outlook - The company anticipates a stronger second half of 2025, driven by higher throughput in Q4 [9].
K92 Mining Announces Retirement of Philip Samar from Executive Role, Transition to Senior Advisor
Globenewswire· 2025-07-08 10:30
Core Viewpoint - K92 Mining Inc. announces the retirement of Philip Samar as Vice President, Government and Community Affairs, who will continue to support the company as a senior advisor [1][5]. Group 1: Leadership Transition - Philip Samar joined K92 in January 2019 and has over two decades of experience in Papua New Guinea's mining sector [2]. - Samar previously served as Managing Director of the Mineral Resources Authority from 2012 to 2018, where he influenced Papua New Guinea's mineral policies and major mining project licensing [2]. - His leadership at K92 has been crucial in advancing the Kainantu Gold Mine's development and permitting processes [3][4]. Group 2: Contributions and Impact - Samar has strengthened relationships with government, communities, and stakeholders, significantly enhancing K92's external affairs strategy [3][4]. - His commitment to sustainable development and local capacity-building has been a hallmark of his tenure, contributing to long-term value creation for Papua New Guinea [5]. - The company expresses confidence in a smooth transition and continued positive momentum due to the strong team and established frameworks in place [5]. Group 3: Company Overview - K92 Mining Inc. is engaged in gold, copper, and silver production at the Kainantu Gold Mine in Papua New Guinea and is focused on exploration and development of nearby mineral deposits [6]. - The company declared commercial production from Kainantu in February 2018 and aims to become a Tier 1 mid-tier producer through ongoing plant expansions [6].
Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity Corp
Newsfile· 2025-07-03 13:20
Core Points - Great Pacific Gold Corp. has successfully closed a brokered private placement offering, raising gross proceeds of $16.9 million [1] - The offering involved the issuance of 37,655,200 units at a price of $0.45 per unit, each consisting of one common share and one-half of a common share purchase warrant [2] - The net proceeds will be allocated for drilling at the Wild Dog Project, exploration activities in Papua New Guinea, and general administrative expenses [4] Offering Details - The offering was led by Canaccord Genuity Corp. and included a syndicate of agents such as Haywood Securities Inc., Clarus Securities Inc., and Cormark Securities Inc. [1] - Each warrant allows the holder to purchase one common share at an exercise price of $0.70 for three years [2] - Agents received a cash fee of 6.0% of the gross proceeds and were granted broker warrants equal to 6.0% of the units sold [5] Project Focus - The company is focused on developing gold-copper resources in Papua New Guinea, with key projects including the Wild Dog Project, Kesar Project, and Arau Project [7][10] - The Wild Dog Project is a brownfield exploration site with a history of small-scale gold mining, while the Kesar Project is a greenfield exploration project with high-priority targets [10] - The Arau Project contains the Mt. Victor exploration target, which has shown promising results from previous drilling programs [10]
K92 Mining Announces 2025 Second Quarter Financial Results Conference Call Details
Globenewswire· 2025-06-24 23:15
VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces that it will release its 2025 second quarter financial results before the North American trading markets open on Monday, August 11, 2025. Conference Call and Webcast to Present Results K92 will host a conference call and webcast to present the 2025 second quarter financial results at 8:30 am (EDT) on Monday, August 11, 2025. Listeners may access the conference call by di ...
Great Pacific Gold Announces Upsized $16.9 Million Private Placement Financing led by Canaccord Genuity Corp.
GlobeNewswire News Room· 2025-06-24 14:14
Core Viewpoint - Great Pacific Gold Corp. has increased its private placement offering to raise gross proceeds of $16,944,840 due to strong investor demand [1] Group 1: Offering Details - The offering consists of 37,655,200 units priced at $0.45 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each whole warrant is exercisable to purchase one additional common share at a price of $0.70 for three years following the closing of the offering [2] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for drilling at the Wild Dog Project, exploration activities in Papua New Guinea, and general administrative expenses [5] Group 3: Regulatory and Advisory Information - The offering will be conducted under specific exemptions from prospectus requirements, and the securities will not be registered under U.S. securities laws [3][7] - Eventus Capital Corp. has been appointed as a special advisor to the company [6] Group 4: Company Overview - Great Pacific Gold holds a portfolio of exploration-stage projects in Papua New Guinea, focusing on developing gold-copper resources [8] - Key projects include the Kesar Project, Wild Dog Project, and Arau Project, each with significant exploration potential [12]
Great Pacific Gold Enters into Arrangement Agreement for 1:1 Spin Out of Walhalla
Newsfile· 2025-06-23 11:30
Core Viewpoint - Great Pacific Gold Corp. is executing a spin-out of its Walhalla Gold Project into a new entity, Walhalla Gold Corp., allowing shareholders to retain direct exposure to a significant gold project while securing non-dilutive capital for its ongoing projects in Papua New Guinea [1][3]. Transaction Highlights - The spin-out will provide GPAC shareholders with one share of Walhalla for each share of GPAC held, representing a 1:1 spin-out transaction [6][17]. - Great Pacific has received a cash payment of $1.5 million associated with the transaction, which will be used to fund its Wild Dog Project in Papua New Guinea [6][17]. - A definitive arrangement agreement has been established between Great Pacific, Finco, and Walhalla, outlining the terms of the spin-out [6][11]. Walhalla Gold Project Overview - The Walhalla Gold Project is located in Victoria, Australia, covering over 1,400 km² and includes areas with historical gold production [4][5]. - The project has a history of producing 1,510,309 ounces of gold at an average grade of 33.59 g/t [5][6]. - The Pinnacles target within the project is fully permitted and ready for immediate drilling, showcasing a 400m x 1,100m gold mineralized zone [4][10]. Strategic Focus and Future Plans - The cash proceeds from the spin-out will provide non-dilutive funding to advance the Wild Dog Project, which has shown promising early results with high-grade gold intersections [3][6]. - The company plans to announce further results from the Wild Dog Project in the coming weeks, indicating ongoing exploration and development efforts [3][6].
K92 Mining Releases 2024 Sustainability Report: Delivering Sustainable Value
Globenewswire· 2025-06-05 20:15
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that it has published its 2024 Sustainability Report. This is K92’s sixth annual sustainability report, which provides details of the Company’s Environmental, Social, and Governance (“ESG”) practices and performance. The 2024 Sustainability Report was prepared in accordance with the Sustainability Accounting Standards Board (“SASB”) Metals and Mining Standar ...
K92 Mining Announces Expansion of Near-Mine Infrastructure Dilatant Zone, High-Grade Zone Extensions and Potential New High-Grade Zone Along Strike
Globenewswire· 2025-06-05 10:30
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce its latest high-grade results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to the Kora and Judd Deeps targets at the Kainantu Gold Mine in Papua New Guinea. Multiple high-grade intersections with broadening widths, referred to as dilatant zones, recorded at Kora’s K2 Vein. The int ...