Announcement Date: 2022-10-25
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. 17m at 12.0g/t Au from 303m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, Oct. 25, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce two significant new developments resulting from wide-spaced gold exploration drilling at its Beta Hunt Mine. Drill results continue to provide confidence in the development of the Mason Zone into a significant new mining opportunity west of the Larkin Mineral Resource. In addition, Western Flanks deep drilling has now intersected Main Shear mineralization up to 250 metres below the current Mineral Resource at the southern end of the zone at higher grades than the current Resource. Western Flanks is Beta Hunt’s largest shear zone and these latest results provide more confidence for the expansion of our key resource asset in support of Karora’s previously announced growth plan to have gold production increase to between 185,000 and 205,000 ounces by 2024. Intersection highlights from both the Mason and Western Flanks Deeps underground diamond drill program are listed below:
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