- In the Hunt Block, deep framework drilling for the Western Flanks zone continues to substantiate previously reported results which shows the main shear mineralization extends up to 250 metres below the current Mineral Resource and remains open at depth.
- Initial results from deep drilling of the central section of A Zone also supports the extension of the defined mineralization up to 150 metres below the current Mineral Resource, remaining open at depth.
- In the Beta Block, drilling targeting the Mason and Cowcill zones delivered results supportive of potential new mining opportunities located west and east of the Larkin Mineral Resource, respectively. New drilling of the southern extension at Mason has highlighted the potential for 700 metres of mineralized strike extent.
Recent intersection highlights from the ongoing Beta Hunt underground diamond drill program are listed below:
Western Flanks Deeps1
- WW395-18AE: 9.5 g/t over 7.1 metres
- WW395-14AE: 3.8 g/t over 6.0 metres
A Zone North & A Zone Deeps Central2
- WA380-003AE: 6.6 g/t over 9.0 metres
- AA38ACC-06AR: 5.3 g/t over 6.0 metres
Mason2
- BM1890-22AE: 3.3g/t over 23.0 metres and 5.4g/t over 11.0 metres
- BM1890-21AE: 4.4 g/t over 11.0 metres
- BM1890-24AE: 6.5 g/t over 5.0 metres
- BLB13-06AE: 9.0 g/t over 3.0 metres
Cowcill2
- BCB13-03AE: 3.3 g/t over 11.9 metres
- BC1704-012AE: 4.4 g/t over 4.9 metres
- Estimated True Widths
- Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.
The third set of results from the new
Additionally, we reported more strong results from the north and central section of A Zone Deeps and Cowcill shears including 6.6 g/t over 9.0 metres (A Zone Deeps) and 3.3 g/t over 11.9 metres (Cowcill).
Overall, the results reported today support the potential for significant ongoing Mineral Resource growth that exists at Beta Hunt, following on from several years of impressive ounce additions at our flagship asset."
From
Drilling Results
Gold drilling results greater than 1g/t and their location over the period
Western Flanks Deeps: drilling continues to test the down-dip continuation of the gold mineralization below the southern portion of the current Mineral Resource. Results for the central portion were previously reported and included intersections of 13.6 g/t over 5.3 metres and 2.7 g/t over 6.7 metres (Karora news release,
- WW395-18AE: 9.5 g/t over 7.1 metres – at the margin of current resource (Figure 2)
- WW395-14AE: 3.8 g/t over 6.0 metres – extension of current resource
- WW386SP-11AE: 3.0 g/t over 4.0 metres – extension of current resource
- Estimated true widths.
Combined with previously reported results, the new results indicate continuity of the Western Flanks gold system from 150 to 250 metres below the current Mineral Resource with the system remaining open at depth and along strike.
A Zone North and A-Zone Deeps-Central: Aligned with the Western Flanks drilling in the Hunt Block, drilling of the A Zone is designed to support the Karora Growth Plan by upgrading and extending the current Mineral Resource. As part of the current program, drilling infilled the northern margin of the Mineral Resource and tested the down-dip continuation of the gold mineralization below the central portion of the deposit. New results include significant intersections1 highlighted below:
A Zone Deeps
- WA380-003AE: 6.6 g/t over 9.0 metres - extension of current resource
- WA380-006AE: 4.4 g/t over 5.7 metres - extension of current resource
A Zone North
- WA380-003AE: 2.8 g/t over 10.0 metres – infilling existing resource
- WA380-006AE: 14.8 g/t over 2.0 metres – infilling existing resource
- Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.
The A Zone Deeps results support the extension of mineralization 100 metres to 150 metres below the current Mineral Resource.
Mason and Cowcill: Results were returned from four holes drilled to test the interpreted
- BM1890-22AE: 3.3 g/t over 23.0 metres and 5.4 g/t over 11.0 metres;
- BM1890-21AE: 4.4 g/t over 11.0 metres;
- BLB13-06AE: 9.0 g/t over 3.0 metres;
- Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.
Results from the most northern drill holes (BM1890-22AE/21 AE) indicate Mason to be part of the same gold system that produced the Larkin Mineral Resource (Figure 3.). Drill hole BLB13-06AE is the southern-most hole to test the
Significant results1. also continue to be returned for the
- BCB13-03AE: 3.3 g/t over 11.9 metres
- BCB13-01AE: 2.4g/t over 9.0 metres
- Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.
These intercepts build on the previously reported results and support the potential for both the Mason and Cowcill Zones to deliver new mining opportunities south of the Alpha Island Fault. Both Zones are still at a relatively early stage in their development and, until now, were virtually untested along strike for gold mineralization as a result of the historical focus on nickel targets along the ultramafic/basalt contact in these areas.
Additional extensional and infill drilling of the Mason and Cowcill Zones is planned for 2023.
An updated resource and reserve estimate is expected to be released later in the first quarter of 2023.
The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Stephen Devlin, FAusIMM, Group Geologist,
At Beta Hunt all drill core sampling is conducted by Karora personnel. Samples for gold analysis are shipped to SGS Mineral Services of Kalgoorlie for preparation and assaying by 50 gram fire assay analytical method. All gold diamond drilling samples submitted for assay include at least one blank and one Certified Reference Material ("CRM") per batch, plus one CRM or blank every 20 samples. In samples with observed visible gold mineralization, a coarse blank is inserted after the visible gold mineralization to serve as both a coarse flush to prevent contamination of subsequent samples and a test for gold smearing from one sample to the next which may have resulted from inadequate cleaning of the crusher and pulveriser. The lab is also required to undertake a minimum of 1 in 20 wet screens on pulverised samples to ensure a minimum 90% passing at -75µm. Samples for nickel analysis are shipped to SGS Australia Mineral Services of Kalgoorlie for preparation. Pulps are then shipped to
Karora is focused on increasing gold production to a targeted range of 185,000-205,000 ounces by 2024 at its integrated
This news release contains "forward-looking information" including without limitation statements relating to, among other items, production guidance, the organic growth profile and the potential of the
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Karora to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Karora 's filings with Canadian securities regulators, including the most recent Annual Information Form, available on SEDAR at www.sedar.com.
Although Karora has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Karora disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Table 1: Beta Hunt Significant Gold Results – Oct 14, 2022 to December 9, 2022
Target/ Prospect | Hole ID | Sub | From | To (m) | Downhole | Estimated | Au |
AZONE | AA38ACC-06AR
| 76.0 | 90.0 | 14.0 | 2.1 | ||
AZONE | 94.0 | 100.0 | 6.0 | 1.9 | |||
AZONE | 111.0 | 116.0 | 5.0 | 2.2 | |||
AZONE | 130.0 | 136.0 | 6.0 | 5.3 | |||
AZONE | AA38ACC-08AR | 40.0 | 42.0 | 2.0 | 5.1 | ||
AZONE | 59.5 | 63.5 | 4.0 | 3.3 | |||
AZONE | 67.0 | 77.0 | 10.0 | 2.8 | |||
AZONE | AA38ACC-09AR | 56.8 | 69.0 | 12.2 | 1.3 | ||
AZONE | AA38ACC-12AR | 136.0 | 138.0 | 2.0 | 14.8 | ||
30C | B30-1830-13NR | 1.0 | 11.0 | 10.0 | 1.9 | ||
30C | B30-1830-14NR | 0.0 | 6.6 | 6.6 | 2.8 | ||
30C | B30-1890-17NR | 107.0 | 110.0 | 3.0 | 3.4 | ||
30C | B30-19-024NR | 28.0 | 30.0 | 2.0 | 7.5 | ||
30C | B30-19-026NR | 6.0 | 11.0 | 5.0 | 2.3 | ||
30C | B30-19-029NR | 1.9 | 7.0 | 5.1 | 2.8 | ||
30C | 16.0 | 17.0 | 1.0 | 14.5 | |||
30C | 31.4 | 36.1 | 4.7 | 2.4 | |||
30C | B30-20-001NE | 66.0 | 72.0 | 6.0 | 1.9 | ||
30C | B30-20-003NE | 58.0 | 63.0 | 5.0 | 2.2 | ||
COW | BC1704-012AE | 132.6 | 137.0 | 4.4 | 4.9 | ||
COW | BCB13-01AE | 62.0 | 71.0 | 9.0 | 2.4 | ||
COW | BCB13-02AE | 72.0 | 83.0 | 11.0 | 1.8 | ||
COW | 117.7 | 119.0 | 1.3 | 7.8 | |||
COW | BCB13-03AE | 128.0 | 129.6 | 1.6 | 7.3 | ||
COW | 136.2 | 148.0 | 11.9 | 3.3 | |||
LARK | BL1941SP3-05AE | 147.8 | 149.0 | 1.2 | 10.4 | ||
LARK | 147.8 | 149.0 | 1.2 | 10.4 | |||
LARK | BL1941SP3-13AE | 209.0 | 214.0 | 5.0 | 2.4 | ||
LARK | BLB13-06AE | 150.0 | 153.0 | 3.0 | 3.5 | ||
LARK | 272.0 | 275.0 | 3.0 | 9.0 | |||
Mason | BM1890-21AE | 100.0 | 111.0 | 11.0 | 4.4 | ||
Mason | 214.0 | 217.0 | 3.0 | 4.1 | |||
Mason | BM1890-22AE | 135.0 | 137.0 | 2.0 | 10.4 | ||
Mason | 200.0 | 211.0 | 11.0 | 5.4 | |||
Mason | 221.0 | 225.0 | 4.0 | 2.6 | |||
Mason | 252.0 | 275.0 | 23.0 | 3.3 | |||
MASON | BM1890-24AE | 43.0 | 47.0 | 4.0 | 3.8 | ||
MASON | 53.0 | 58.0 | 5.0 | 6.5 | |||
MASON | 75.0 | 81.0 | 6.0 | 2.3 | |||
MASON | 142.0 | 145.0 | 3.0 | 6.4 | |||
MASON | 253.0 | 261.0 | 8.0 | 2.1 | |||
MASON | 355.7 | 363.4 | 7.7 | 1.9 | |||
MASON | BM1941SP3-03AE | 39.0 | 47.0 | 8.0 | 2.2 | ||
MASON | 51.5 | 57.7 | 6.2 | 1.6 | |||
40C | W44-405-007NE-A | 16.0 | 23.0 | 7.0 | 2.3 | ||
40C | W44-405-016NE | 14.0 | 15.0 | 1.0 | 21.9 | ||
AZONE | WA380-003AE | 3.0 | 5.3 | 2.3 | 7.9 | ||
AZONE | 289.0 | 298.0 | 9.0 | 6.6 | |||
AZONE | WA380-005AE | 2.0 | 7.0 | 5.0 | 3.8 | ||
AZONE | 232.0 | 234.0 | 2.0 | 7.1 | |||
AZONE | WA380-006AE | 3.7 | 5.8 | 2.1 | 11.8 | ||
AZONE | 8.5 | 12.0 | 3.5 | 6.7 | |||
AZONE | 39.0 | 41.0 | 2.0 | 6.0 | |||
AZONE | 250.8 | 256.5 | 5.7 | 4.4 | |||
AZONE | WA380-008AE | 2.0 | 7.0 | 5.0 | 8.6 | ||
WF | WW386SP-08AR | 86.5 | 93.0 | 6.5 | 2.4 | ||
WF | 113.0 | 118.0 | 5.0 | 2.1 | |||
WF | 121.0 | 129.0 | 8.0 | 1.9 | |||
WF | 135.0 | 139.0 | 4.0 | 2.9 | |||
WF | WW386SP-11AE | 89.5 | 92.0 | 2.5 | 1.5 | 14.3 | |
WF | 112.0 | 120.0 | 8.0 | 3.7 | 2.0 | ||
WF | 137.0 | 141.0 | 4.0 | 2.1 | 3.4 | ||
WF | 151.0 | 160.0 | 9.0 | 4.0 | 3.0 | ||
WF | 198.0 | 207.0 | 9.0 | 3.8 | 1.2 | ||
WF | WW395-13AE | 43.7 | 49.6 | 6.0 | 1.1 | 3.4 | |
WF | WW395-14AE | 46.0 | 47.5 | 1.5 | 0.8 | 7.4 | |
WF | 160.4 | 166.0 | 5.6 | 3.2 | 2.2 | ||
WF | 277.0 | 288.0 | 11.0 | 6.0 | 3.8 | ||
WF | 303.3 | 307.0 | 3.8 | 2.1 | 4.7 | ||
WF | WW395-18AE | 184.0 | 186.1 | 2.1 | 1.3 | 7.2 | |
WF | 191.0 | 200.0 | 9.0 | 5.9 | 1.8 | ||
WF | 214.0 | 224.7 | 10.7 | 7.1 | 9.5 | ||
WF | 251.3 | 256.0 | 4.7 | 3.3 | 2.7 |
1. Reported gold grades > 1.0 g/t downhole and gram x metre > 10 |
Table 2 Beta Hunt - Drillhole Collars for Gold Results received
Target/ | Hole ID | MGA_N | MGA_E | mRL | DIP | AZI | Total | ||
AZONE | AA38ACC-01AR | 6545028.1 | 374126.4 | 42.3 | 15.7 | 188.5 | 80.8 | ||
AZONE | AA38ACC-03AR | 6545031.3 | 374123.0 | 41.7 | 9.2 | 278.2 | 138.0 | ||
AZONE | AA38ACC-06AR | 6545028.6 | 374126.2 | 40.6 | -19.3 | 157.0 | 170.5 | ||
AZONE | AA38ACC-08AR | 6545029.0 | 374125.3 | 40.4 | -36.9 | 196.7 | 96.0 | ||
AZONE | AA38ACC-09AR | 6545030.1 | 374123.0 | 40.2 | -37.0 | 241.6 | 101.7 | ||
AZONE | AA38ACC-10AR | 6545030.4 | 374123.5 | 40.0 | -60.3 | 214.8 | 140.8 | ||
AZONE | AA38ACC-12AR | 6545028.9 | 374125.3 | 40.5 | -41.8 | 161.5 | 195.0 | ||
AZONE | AA38ACC-14AR | 6545030.0 | 374128.7 | 43.8 | 41.6 | 154.8 | 107.3 | ||
AZONE | AASP22-27AE | 6544543.5 | 374500.6 | -266.3 | -50.4 | 337.1 | 378.2 | ||
30C | B30-1830-08NR | 6542709.5 | 375518.1 | -353.4 | 50.5 | 243.0 | 33.7 | ||
30C | B30-1830-08NR | 6542709.5 | 375518.1 | -353.4 | 50.5 | 243.0 | 33.7 | ||
30C | B30-1830-13NR | 6542723.2 | 375515.7 | -357.0 | -4.9 | 264.2 | 81.1 | ||
30C | B30-1830-14NR | 6542711.7 | 375528.7 | -358.3 | -5.7 | 228.5 | 62.5 | ||
30C | B30-19-024NR | 6542617.0 | 375623.9 | -382.3 | 37.0 | 230.5 | 54.3 | ||
30C | B30-19-025NR | 6542617.5 | 375623.3 | -383.1 | 24.0 | 230.5 | 57.1 | ||
30C | B30-19-026NR | 6542616.8 | 375624.0 | -381.6 | 44.0 | 202.5 | 54.1 | ||
30C | B30-19-027NR | 6542617.2 | 375623.5 | -383.1 | 24.0 | 202.5 | 65.9 | ||
30C | B30-19-028NR | 6542617 | 375623.6 | -383.5 | 14 | 202.5 | 65.8 | ||
30C | B30-19-029NR | 6542617.5 | 375623.5 | -382.7 | 33.0 | 253.5 | 66.0 | ||
30C | B30-19-030NR | 6542617.2 | 375623.6 | -383.2 | 23.0 | 217.5 | 56.7 | ||
30C | B30-20-001NE | 6542350.6 | 375841.5 | -397.4 | 47.0 | 240.5 | 135.0 | ||
30C | B30-20-003NE | 6542350.5 | 375841.4 | -397.7 | 41.0 | 223.5 | 120.0 | ||
30C | B30-20-004NE | 6542350.3 | 375841.5 | -397.6 | 37.0 | 207.5 | 117.1 | ||
30C | B30-20-005NE | 6542275.1 | 375900.6 | -404.0 | 42.0 | 249.5 | 140.8 | ||
30C | B30-20-008NE | 6542275.1 | 375900.8 | -403.2 | 30.0 | 224.5 | 123.0 | ||
30C | B30-20-010NE | 6542350.2 | 375841.2 | -398.2 | 33.0 | 239.5 | 122.4 | ||
30C | B30-20-011NE | 6542350.5 | 375841.5 | -397.5 | 46.0 | 212.5 | 110.8 | ||
30C | B30-20-012NE | 6542274.9 | 375900.7 | -403.9 | 25.0 | 213.5 | 126.0 | ||
30C | B30-20-014NE | 6542274.9 | 375900.6 | -404.3 | 20.0 | 260.5 | 138.0 | ||
COW | BC1704-010AE | 6543392.5 | 375449.0 | -292.3 | -24.5 | 227.8 | 384.5 | ||
COW | BC1704-012AE | 6543392.6 | 375448.9 | -292.7 | -43.0 | 223.9 | 291.0 | ||
COW | BC1825-04AE | 6542759.7 | 375551.3 | -367.1 | -56.0 | 56.5 | 316.2 | ||
COW | BCB13-01AE | 6542360.9 | 375840.8 | -400.4 | -9.6 | 2.8 | 152.5 | ||
COW | BCB13-02AE | 6542361.1 | 375840.7 | -400.4 | -14.3 | 49.8 | 200.6 | ||
COW | BCB13-03AE | 6542360.8 | 375840.8 | -401.1 | -41.7 | 2.8 | 219.0 | ||
COW | BCB13-04AE | 6542361.1 | 375840.7 | -401.1 | -53.8 | 48.4 | 176.9 | ||
Gamma | BGB16-002AE | 6541911.1 | 376003.5 | -467.9 | 4.1 | 96.9 | 307.9 | ||
LARK | BL1941SP3-04AE | 6542438.8 | 375455.6 | -405.4 | -13.6 | 59.6 | 195.1 | ||
LARK | BL1941SP3-05AE | 6542438.9 | 375455.7 | -406.0 | -36.4 | 59.7 | 291.1 | ||
LARK | BL1941SP3-13AE | 6542438.7 | 375455.4 | -405.1 | -12.5 | 35.1 | 255.4 | ||
LARK | BLB13-06AE | 6542350.4 | 375841.5 | -401.3 | -50.9 | 233.0 | 437.9 | ||
LARK | BLB16-09AE | 6541898.8 | 375982.6 | -471.8 | -60.2 | 217.7 | 194.9 | ||
Mason | BM1890-21AE | 6542769.7 | 375339.1 | -385.7 | -18.1 | 292.2 | 317.9 | ||
Mason | BM1890-22AE | 6542769.7 | 375339.1 | -385.7 | -36.5 | 293.5 | 347.6 | ||
MASON | BM1890-24AE | 6542766.3 | 375338.7 | -387.6 | -24.5 | 237.5 | 383.5 | ||
MASON | BM1941SP3-03AE | 6542439.3 | 375424.8 | -405.9 | -33.5 | 274.1 | 339.4 | ||
HUNT | HE004-NE | 6544917.8 | 374858.7 | 289.8 | -85.0 | 229.0 | 237.7 | ||
Sorrenson | SSOR-09-AE | 6545333.4 | 374566.5 | 288.9 | -70.0 | 224.5 | 237.5 | ||
40C | W44-405-003NE | 6543561.4 | 375292.9 | -397.0 | 1.0 | 227.3 | 221.9 | ||
40C | W44-405-007NE-A | 6543706.7 | 375122.3 | -398.3 | 40.0 | 218.5 | 161.7 | ||
40C | W44-405-013NE | 6543631.9 | 375234.3 | -398.0 | 43.0 | 222.5 | 179.8 | ||
40C | W44-405-014NE | 6543631.9 | 375234.3 | -398.0 | 57.0 | 222.5 | 158.8 | ||
40C | W44-405-016NE | 6543706.8 | 375122.4 | -399.4 | 25.0 | 224.5 | 167.8 | ||
AZONE | WA380-001AE | 6544148.9 | 374747.3 | -372.6 | -1.1 | 60.5 | 254.9 | ||
AZONE | WA380-003AE | 6544148.8 | 374747.3 | -373.5 | -45.4 | 62.7 | 333.0 | ||
AZONE | WA380-005AE | 6544149.1 | 374747.2 | -373.4 | -26.9 | 34.9 | 287.9 | ||
AZONE | WA380-006AE | 6544149.3 | 374746.6 | -373.6 | -46.1 | 33.4 | 306.0 | ||
AZONE | WA380-007AE | 6544149.1 | 374747.2 | -372.6 | -1.0 | 9.9 | 283.3 | ||
AZONE | WA380-008AE | 6544149.4 | 374746.5 | -373.5 | -22.9 | 10.2 | 315.0 | ||
AZONE | WA405-038AE | 6543703.4 | 375153.9 | -401.8 | -70.2 | 18.5 | 528.3 | ||
WF | WW386SP-08AR | 6544008.0 | 374944.6 | -381.8 | -40.0 | 191.3 | 163.4 | ||
WF | WW386SP-11AE | 6544007.4 | 374945.5 | -382.1 | -52.3 | 187.4 | 317.5 | ||
WF | WW395-13AE | 6543803.4 | 375247.9 | -392.5 | -51.3 | 213.5 | 393.0 | ||
WF | WW395-14AE | 6543803.4 | 375248.4 | -392.7 | -46.2 | 192.5 | 333.1 | ||
WF | WW395-15AE-A | 6543803.4 | 375249.1 | -392.7 | -39.6 | 176.2 | 407.0 | ||
WF | WW395-18AE | 6543803.5 | 375247.5 | -392.7 | -38.5 | 241.6 | 269.9 |
SOURCE
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