THE GEOLOGY OF KAINATU

K92’s Kainantu Gold Project is situated within what is known as the New Guinea Thrust Belt, a stretch of terrain which contains high mineralisation of gold, silver and copper.

The Kainantu property area is underlain by metamorphosed sedimentary rocks, which are overlain by sedimentary and intermediate volcanic rocks. The Irumafimpa-Kora vein deposit is the most advanced project at Kainantu with current defined resources and past modern mining activity in the Irumafimpa area.

This deposit is found in the centre of a large mineralised system measuring around 25 square kilometres in size, with current resources occupying a broad northwest trending mineralised zone more than 2.5 kilometres long and up to 60 metres wide.

PNG’s geology enables it to have a vibrant and progressive minerals industry, offering explorers the opportunity to make multi-element discoveries, including gold, copper, rare earth elements, nickel, cobalt, chromium, molybdenum, iron and platinum.

For thousands of years the indegenous people of Papua New Guinea have mined and traded stone implements and ochre and used clay to make pottery. Gold was first discovered in Papua New Guinea in 1852 by accident, with traces being found in pottery from Redscar Bay.