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Drilling & Production

K92 reports significant high-grade resource increase at Kora

K92 Mining Inc. has reported a 180% increase in its updated resource estimate on the Kora deposit, at its producing Kainantu Gold Mine in Papua New Guinea. The resource estimate is based on surface and underground exploration diamond drilling and underground face sampling (grade control). The Kora eeposit Mineral Resource Estimate highlights include: Measured and Indicated Resource of 1.1 million ounces at 10.45 g/t gold equivalent (“AuEq”) representing a +180%

Ewatinona delivers further positive drilling results for Kingston

Kingston Resources Limited has reported further significant assay results from Resource definition diamond drilling at the Ewatinona deposit, part of the 2.8Moz Misima Gold Project in Papua New Guinea. Latest results include: 2m @ 4.67g/t Au from 95m; 6m @ 1.2g/t Au from 175m; 14m @ 0.92g/t Au from 150m; including 8m @ 1.23g/t Au from 155m; 12m @ 1.33g/t Au from 22m; including 4m @ 3.33g/t Au from 22m;

Kingston reports further excellent Ewatinona definition drilling results

Kingston Resources Limited’s (ASX: KSN) latest diamond drill core assays results from Resource definition drilling at the Ewatinona deposit, part of the 2.8Moz Misima Gold Project in PNG, have returned significant zones of mineralisation. Results include: 0m @ 2.16g/t Au, including 7m @ 3.83g/t Au; 5m @ 1.26g/t Au, including 10.5m @ 1.43g/t Au from 146m; 0m @ 1.35g/t Au from 42m; 0m @ 1.19g/t Au, including 2m @ 1.70g/t

High Arctic says all PNG drilling halted

CANADIAN oil and gas drilling rig provider High Arctic reports that it has received formal notification from its main customer in Papua New Guinea that it is suspending all drilling operations in the country until further notice. High Arctic said the customer’s decision to suspend and defer operations is in reaction to the current low oil and gas prices and the COVID-19 pandemic. The company is now working with the

K92 hits high-grade gold in Kora North extension drilling campaign

K92 Mining Inc. has hit a number of high-grade intersections from the continuing diamond drilling of the Kora North Extension of the Kainantu gold mine in Papua New Guinea. The results for the latest 10 diamond drill holes completed from both surface and underground into the Kora North deposit include multiple high-grade intersections, and in particular KMDD0147 & KMDD0147A, which are among the company’s most southern holes at Kora North

Chamber says PNG employment and rebound in growth thanks to mining & petroleum

The PNG Chamber of Mines and Petroleum has welcomed a report by the World Bank that has forecasted that new large-scale resource projects could boost Papua New Guinea’s real Gross Domestic Product (GDP) to five percent this year. The World Bank recently released its February 2019 edition of the PNG Economic Update which outlined PNG’s economic situation and medium-term development prospects. The report stated that the country’s medium-term economic outlook

K92 Mining receives positive news for US$13.6 million Kainantu expansion

CANADIAN miner K92 Mining Inc. has received  positive results of the Preliminary Economic Assessment (PEA) update for a proposed US$13.6 million expansion of the Kanaintu gold mine in PNG. The PEA found that mining production and plant processing capacity could be increased to 400,000 tonnes per annum over a period of approximately 12 months; The expanded plant would treat 4.9 million tonnes averaging 9.0 g/t Au. 20 g/t Ag and

High Arctic and Oil Search reach agreement on rig operations

CANADA’S High Arctic Energy Services has announced that it has agreed to terms with Oil Search Limited for a three year contract renewal for its primary contracts in Papua New Guinea covering the Drilling Rigs 103 and 104 and the drilling support services related to the supply of personnel and rental equipment to support the related drilling operations. The renewal is effective from August 1, 2018 for a three year

GPR kicks off major Woodlark gold exploration campaign

GEOPACIFIC Resources Limited has commenced a major regional exploration programme at the Woodlark gold project (Woodlark) in Milne Bay Province. Since taking over Woodlark in late 2016, Geopacific has substantially increased the Woodlark Reserve through a focussed development drilling campaign. With the Definitive Feasibility Study (DFS) progressing on budget and on schedule and the completion of a capital raising, Geopacific says it is now poised to add significant value to