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Karora Resources Inc T.KRR

Alternate Symbol(s):  KRRGF

Karora Resources Inc. is a Canada-based multi-asset mineral resource company. The Company’s portfolio includes the Beta Hunt Underground Mine, Higginsville Gold Operations and Lakewood Mill. It owns 100% of Beta Hunt, a gold-producing mine located approximately 600 kilometers from Perth in Kambalda, Western Australia. It owns and operates HGO, which is located approximately 75 kilometers south of the Beta Hunt Mine in Higginsville, Western Australia. HGO has a mineral gold resource and reserve and prospective land package totaling approximately 1,900 square kilometers. The operation includes a 1.6 million tons per annum (Mtpa) processing plant, 192 mining tenements, including the Aquarius, Hidden Secret, Mousehollow, Two Boys, Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge and Mount Henry deposits. The Lakewood Gold Mill is located just outside Kalgoorlie, Western Australia and approximately 60 kilometers from the Beta Hunt Mine, has a processing capacity of 1.0 Mtpa.


TSX:KRR - Post by User

Post by retiredcfon Nov 02, 2020 9:39am
292 Views
Post# 31822202

Globe & Mail

Globe & Mail

09:36 AM EST, 11/02/2020 (MT Newswires) -- Karora Resources Inc. (KRR.TO) at last look jumped 9.4% after saying Monday that its underground development at the Beta Hunt Mine in Western Australia has intersected an estimated 2,000 ounces of coarse gold.

The intersection was in the same geological environment as previous coarse gold occurences and near the 2018 Father's Day Vein discovery. The discovery also supports the existing Beta Hunt coarse gold geological model, the company said.

The new coarse gold occurrence adds to other development headings in A Zone and Western Flanks that also support the Beta Hunt coarse gold model, which could potentially apply to other areas in the mine.

Karora does not include coarse gold in its reserves, but the occurrences are best considered as a "potential periodic significant bonus" that adds to its ongoing economic mine production at the base reserve grade.

Price: 3.50, Change: +0.30, Percent Change: +9.37

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