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Kainantu Resources Ltd, an Asia-Pacific focused gold mining company, has provided an update on exploration activities at KRL North, the company’s highly prospective tenements located in the NE of the Kainantu region, Papua New Guinea (PNG).
Highlights
Adjacent to the Bilimoia Mineral Field, KRL North borders on and shares similar geological attributes to the high-grade gold deposits currently being mined by K92 Mining Inc. (K92).
The company has embarked on a comprehensive stream sediment and soil sampling programme to identify further potential porphyry related alteration and mineralisation targets within KRL North.
On strike and along trend of the world-renowned Kainantu Transfer Structure, two identified significant mineralised vein systems (Manipoe and Arakompa) are 2 – 4 km SE of KRL North (with a conceptual mineralising porphyry source underlying the ground between Arakompa and the SW corner of KRL North).