Karora Significantly Increases Beta Hunt Gold Reserves and Resources

Karora Resources Inc. (TSX: KRR)

Announced Gold Measured and Indicated Mineral Resource, net of depletions, at its flag ship Beta Hunt Mine has increased by 20% and the Inferred Mineral Resources have increased by 34%. 

.

.

Karora Resources TSX: KRR
Stage Production + Development + Exploration
Metals Gold + Nickel
Market cap C$752 million @ C$4.35
Location Kalgoorlie, Western Australia

.

.

.

Karora Resources

Beta Hunt plan Highlighting Mineralized zones targeted as part of 2023 exploration Drill Plan. Mineralized zones defined by +5 g/t Au drill intersections. (CNW Group/Karora Resources Inc.)

 

 

Karora Announces Significant Increases In Beta Hunt Gold Mineral Resources And Gold Mineral Reserves

 

.

TORONTO, Feb. 13, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce Gold Measured and Indicated (“M&I”) Mineral Resource, net of depletions, at its flag ship Beta Hunt Mine has increased by 20% and the Inferred Mineral Resources have increased by 34%.

The update is highlighted by the net additions to the Western Flanks zone of 146,000 ounces in Measured and Indicated Resources and 338,000 ounces of Inferred Mineral Resources. Gold Proven and Probable Reserves also increased by 12%, or 56,000 ounces, to 538,000 ounces.

Both resources and reserves have an effective date of September 30, 2022.

.

.

Highlights:

  • Gold Measured and Indicated Mineral Resources increased by 20% to 1.35 million ounces
  • Gold Inferred Mineral Resource increased by 34% to 1.05 million ounces
  • Gold Proven and Probable Mineral Reserve increased by 12% to 538,000 ounces

.

..

Paul Andre Huet, Karora Chairman & CEO, commented:

“During our 2022 drilling campaign, we were squarely focused on expanding our resource inventory at Beta Hunt, with significant step out and infill drilling completed to bring potentially mineralized zones identified via exploration drilling into the resource categories.

 

“We were very successful in our efforts, with major contributions to both Measured and Indicated and Inferred Resources, increasing by 20% and 34%, respectively.