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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 Farquaron Dec 20, 2022 1:13pm
291 Views
Post# 35182577

Turner has said that Spargos will be an underground mine

Turner has said that Spargos will be an underground mineSo, the last drill result we got from Spargos was from March 1st/2021 , almost 2 years ago..It was a 300 metre deep drill result of 6.1g/t over 14 metres....Since then, to my knowledge, I have not seen any more deep drill results from Spargos and yet Turner has said many times that Spargos will be an underground mine...It's this lack of transparency that irks me...Obviously they have many deep drill results from Spargos that were high grade but yet they haven't shared that info with investors.. You don't mine underground unless you have high grade gold there...

There's a gold deposit just a few kms south east of Beta Hunt called Invincible, I think it's owned by Goldfields that had an initial resource estimate of 1.3 million ounces of gold @ 4.6g/t grade back in 2015...Maybe Spargos is a similar size deposit...Krr's production will grow by leaps and bounds as they discover and then process higher and higher grades..The over-all grades at underground Spargos must be over 4 g/t , at least I hope so...

There are many multi-million deposits in Krr's general area...It's just a matter of time before they discover a big new multi-million ounce deposit on their huge 1900 sq. km land package..
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