All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. John Lewins, Chief Executive Officer and Directorįor further information, please contact David Medilek, P.Eng., CFA at +1-60ĬAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. We are currently gathering information and engaging with our surrounding communities and will look to be of assistance.” The operation considers seismicity in its design and we are pleased with the resilience shown after this earthquake, with the operation quickly resuming after adhering to protocols. John Lewins, K92 Chief Executive Officer and Director, stated, “ The earthquake experienced is one of the largest recorded in the Kainantu region for over one hundred years. Importantly, there were no injuries to our personnel. The Processing Plant reported minor damage to two pumps and associated pipes, which resulted in stoppage of approximately 8 hours for repairs. Surface infrastructure, including the Tailings Storage Facility which has specialized monitoring equipment installed, reported no significant impacts. We are pleased to report that the underground was inspected and promptly cleared to resume operation. According to our protocols, operations were briefly suspended to complete the inspection of the underground mine, surface infrastructure and the health and wellbeing of our personnel. On September 11 at 9:46 am Papua New Guinea time, a 7.6 magnitude earthquake was recorded approximately 65 km east of the mine site and at a depth of 90 km. (“ K92” or the “ Company”) (TSX : KNT OTCQX : KNTNF) announces that the Kainantu Gold Mine, located in Eastern Highlands Province, Papua New Guinea is operating normally after experiencing a large earthquake yesterday. 11, 2022 (GLOBE NEWSWIRE) - K92 Mining Inc.
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