VANCOUVER, British Columbia, Sept. 11, 2022 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “company“) (TSX: KNT; OTCQX: KNTNF) announces that the Kainantu Gold Mine in Eastern Highlands Province, Papua New Guinea, is operating normally after yesterday’s major earthquake.
On September 11 at 9:46 am Papua New Guinea time, a magnitude 7.6 earthquake was recorded about 65 km east of the mine site and at a depth of 90 km. In accordance with our protocols, operations have been temporarily suspended to complete inspection of the underground mine, surface infrastructure and the health and wellbeing of our personnel. We are pleased to announce that the subway has been inspected and cleared to resume service immediately. Surface infrastructure, including the Tailings Storage Facility, where dedicated monitoring equipment is installed, reported no significant impact. The processing plant reported minor damage to two pumps and associated piping, resulting in a shutdown of approximately 8 hours for repairs. It is important that our staff was not injured.
John Lewins, Chief Executive Officer and Director of K92 stated: “The earthquake experienced is one of the largest recorded in the Kainantu region in over a hundred years. Operations incorporate seismicity into its design and we are pleased with the resilience demonstrated following this earthquake, with operations quickly resuming after protocols were met. We are currently gathering information and working with our surrounding communities and will try to help you.”
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands Province of Papua New Guinea and the exploration and development of mineral deposits in the immediate vicinity of the mine. The company declared commercial production of Kainantu in February 2018 and is in a strong financial position. K92 is being developed by a team of mining companies with…
