Announcement Date: 2022-07-19
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Karora Resources Inc.
Project name: Beta Hunt Mine
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 8.0m @ 29.8g/t Au from 128.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, July 19, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce highgrade drill results 1 from the Larkin Zone as part of its ongoing underground diamond drill program at Beta Hunt, which includes the following intersections Results from the drilling program support and extend the mineralization already defined by the current Larkin Mineral Resource and provide strong encouragement for potential high-grade mineralization to continue at depth, over 120 metes below the ultramafic/basalt contact. Success in our newest addition to Mineral Resources at Beta Hunt’s Larkin zone continues to reinforce both our robust near term growth plan and the long term ambitions at Beta Hunt. The new drilling was aimed at upgrading and extending the known Larkin Mineral Resource and was successful on both counts. It is particularly exciting that an intercept of 29.8 g/t over 7.8 metres, the best Larkin result to-date, was drilled 20 metres beyond the existing Mineral Resource and 120 metres below the ultramafic/basalt contact, indicating potential higher grade areas at depth in the zone.
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