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).
- After an extensive community awareness programme resulting in strong community support, the company has successfully established long term access arrangements with local landholders, as a key milestone event in the field activities at KRL North.
Matthew Salthouse, CEO of KRL, commented: “The proximity and central location of KRL North to known high-grade mining activities makes the project highly prospective for ongoing investigation. Concluding access arrangements with the communities of KRL North is a key milestone event ahead of field work. We foresee encouraging results in coming months to add to the company’s pipeline of activities and news flow.”
