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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).
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VANCOUVER, BC, Dec. 23, 2020 /CNW/ - Kainantu Resources Ltd. (TSXV: KRL) ( KRL or the Company ), the Asia-Pacific focused gold exploration company, is pleased to acknowledge the support and recognition of the Papua New Guinea ( PNG ) Minister of Mining, the Hon. Johnson Tuke.
Minister s Endorsement
In his press release dated December 18, 2020, the Minister noted the proactive approach KRL has taken in working with the people of PNG in developing a new mining venture in the world renowned Kainantu region.
Amongst other aspects, the Minister noted: I am also encouraged by the community stakeholder support in Kainantu for KRL as seen at recent Warden s hearings in the district. It gives me great pride as the local member to see the community working with KRL to support their efforts, which will generate further investment in the Kainantu region over time.