Source: Karora Resources Inc.
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  • Drilling focused on extending and infilling the recently released Larkin Mineral Resource in Western Australia
  • Returning almost an ounce per tonne intercept – “an exciting result in any gold mine”
  • Drilling program supports and extends mineralization already defined by the current Larkin Mineral Resource, with strong encouragement for potential high-grade mineralization
  • The mineral resource comprises measured and indicated, 1.44 million tonnes grading 2.6 g/t (119,000 ounces) and Inferred 2.17 million tonnes grading 2.3 g/t (162,000 ounces)
  • Karora Resources Inc. (KRR) is down 1.41 per cent in early trading, at C$2.79 as of 2:55 pm EDT

Karora Resources (KRR) has announced high-grade drill results from the Larkin Zone.

The results are part of its ongoing underground diamond drill program at Beta Hunt, which includes the following intersections:

  • 29.8 g/t over 7.8 metres (BL1890-03AR)
  • 8.7 g/t over 4.0 metres (BL1890-13AR)
  • 4.2 g/t over 6.9 metres (BL1890-01AR)

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.

From February 1, 2022 to June 30, 2022, a total of 17 gold resource definition and exploration holes were drilled in the Larkin Zone for 3,298 metres.

(See Figure 1 below).

Figure 1: Beta Hunt plan view with Larkin Mineral Resource and highlighted recent drill results (CNW Group/Karora Resources Inc.)

Paul Andre Huet, Chairman & CEO, commented on the results.

Photo courtesy Karora Resources Inc.

“I am very pleased with the latest set of drill results at Beta Hunt which continue to demonstrate the tremendous high-grade potential of this underground mine. While our mined grades are consistent with our 2.6 g/t Mineral Reserve, we often encounter higher grade pockets such as those reported in today’s announcement, with one returning almost an ounce per tonne intercept – an exciting result in any gold mine.”

He added,

“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.”

Beta Hunt Larkin drilling update

Drilling focused on extending and infilling the recently released Larkin Mineral Resource. The Larkin Zone was discovered in late 2020 as part of a drill program targeting the 30C nickel trough which lies directly above the gold mineralization.

The mineral resource comprises measured and indicated, 1.44 million tonnes grading 2.6 g/t (119,000 ounces) and Inferred 2.17 million tonnes grading 2.3 g/t (162,000 ounces).

Karora is focused on increasing gold production to a targeted range of 185,000 to 205,000 ounces by 2024 at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations (HGO) in Western Australia.

Karora Resources Inc. (KRR) is down 1.41 per cent in early trading, at C$2.79 as of 2:55 pm EDT.

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