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Karora Resources Inc V.KRR


Primary Symbol: 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

Comment by brunton2bcon Nov 12, 2010 12:59pm
414 Views
Post# 17699097

RE: RE: RE: RE: Check it out

RE: RE: RE: RE: Check it outWhy have they not done it already?
Because as a public company they have a mandate to do a competent scoping study first to ensure that the proposed operation won't turn into a financial fiasco.
If the extraction process is done at all it will be by floatation, not heap leach as I posted;
however my point was that the costly work of mining, drilling, blasting, haulage, etc has been done
and the pile is cheaply and safely accessable to them.
Sorry if I read you wrong Willard, but I thought you were implying that the gold was in the shares not the tailings pile, and that was the insiders focus.
Not too complementary a view to people you probably don't know.
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