Announcement Date: 2022-08-02
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. 9m @ 13.6g/t Au from 340m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, Aug. 2, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce drill results that confirm the consistency of the Western Flanks Main shear mineralization up to 150 metres below the current Mineral Resource. The Western Flanks is Beta Hunt’s largest zone and these results provide confidence for the continued expansion of Karora’s resource base. In addition to extending the Main Shear mineralization, drilling has also outlined significant footwall mineralization which is not included in the current Mineral Resource. Intersection highlights from both the Western Flanks Deeps and infill ongoing underground diamond drill program are listed below1 Today’s announced results successfully reinforced the two main objectives of the Western Flanks drill program by extending the gold mineralized zone by 150 metres at depth, as demonstrated with an intercept of 13.6 g/t over 5.3 metres, and infill drilling demonstrated the potential to upgrade the current Mineral Resource, including a result of 5.9 g/t over 5.1 metres.
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