King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Gold

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.

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Post by Betteryear2on Nov 21, 2023 11:21am

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Post# 35746506

Karora Strong Increases in Beta Hunt Gold Mineral Resources

Highlights:

At Beta Hunt:
- Gold Measured and Indicated Mineral Resources increased by 18% to 1.6 million ounces
- Measured and Indicated Mineral Resource grade at Western Flanks, Beta Hunt's largest zone, increased by 12% from 2.6 g/t to 2.9 g/t (1.1 million ounces)
- Gold Proven and Probable Mineral Reserve increased by 6% to 573,000 ounces
Consolidated Gold Measured and Indicated Mineral Resource inventory increased by 9% to 3.2 million ounces net of mining depletion
At Higginsville:
- Maiden Probable Mineral Reserve produced for the Spargos deposit comprising 437,000 tonnes grading 4.6 g/t for 64,000 ounces
The expanded Mineral Resource and Reserves further support extending mine life at Karora's flagship Beta Hunt mine

TORONTO, Nov. 21, 2023 /CNW/ - Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) ("Karora" or the "Corporation") is pleased to announce significant increases to its Gold Measured and Indicated ("M&I") Mineral Resource at its flagship Beta Hunt Mine (increase of 18%) and Consolidated M&I Resources at Beta Hunt and Higginsville (increase of 9%), both net of mining depletion. Beta Hunt's Western Flanks zone highlighted the update with improved grades (12% higher) and a net addition of 143,000 ounces in M&I Resources. Nickel M&I Resources also showed improved grade along with the addition of 1,200 tonnes of contained nickel.

Karora Announces Strong Increases in Beta Hunt Gold Mineral Resources, Grades and Gold Mineral Reserves (newswire.ca)