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Karora Announces Major Extension of Beta Hunt Larkin Zone to Over 1,000 Metres of Strike, Including 9.4 g/t Over 11.0 Metres and Povides Beta Hunt Exploration Update

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Karora Announces Major Extension of Beta Hunt Larkin Zone to Over 1,000 Metres of Strike, Including 9.4 g/t Over 11.0 Metres and Povides Beta Hunt Exploration Update

 

 

 

 

 

Highlights:

  • Larkin Zone extended over 1km with new infill and step out results:
    • BL19-03AR: 6.2 g/t over 10.3 metres, including 9.6g/t over 6.2 metres
    • BL19-04AR: 2.4 g/t over 10.6 metres
    • BL19-09AR: 9.4 g/t over 11.0 metres
    • BL19-14AR: 5.9 g/t over 3.2 metres
    • BL19-23AR: 15.2 g/t over 1.6 metres
    • EL-EA2-011AR: 20.5 g/t over 3.5 metres, including 87.9 g/t over 0.4 metres
  • Western Flanks South / North extended and infilled with new drilling results:
    • WW370-01AE: 5.1 g/t over 10.7 metres
    • WW395-04AR: 6.0 g/t over 5.6 metres
    • AW18LV-14AR: 2.1 g/t over 8.0 metres and 13.5 g/t over 2.0 metres
  • Major Western Flanks and A Zone extensional target supported with new surface drilling results:
    • AZ_m182RC_4AE: 4.7 g/t over 2 metres, including 9.3 g/t over 1.0 metres. Drilling located 300 metres up plunge from margin of existing A Zone underground resource.
    • Geological observation of surface core and RC drilling has identified a broad shear structure approximately 40 metres wide located 700 metres north along strike of the existing Western Flanks resource.
  • 30C Trough nickel infill drilling while 50C Trough assays are pending:
    • B30-19-007NR: 2.4% Ni over 3.6 metres
1. Interval lengths are estimated true widths with the exception of Western Flanks and A Zone surface gold drilling where true widths cannot be determined with available information,
2. Tables showing complete results and drill holes can be found at the end of this news release.

 

Karora Resources Inc. (TSX: KRR) is pleased to announce additional drilling from the Larkin Zone discovery at its Beta Hunt Mine has extended the strike length of the new zone to over 1,000 metres just one year after initial discovery. The rapid extension of the zone is a direct result of the significant infrastructure already in place allowing Karora to drill from optimal locations without requiring extensive additional underground development. The initial phase of drilling at Larkin is now complete and the maiden resource for the Larkin Zone will be included in Karora’s 2021 consolidated mineral resource update expected in early 2022.

 

Paul Huet, Chairman and CEO of Karora said, “As expected, continued strong recent drill results from the Larkin gold discovery have significantly extended the interpreted strike length to over 1,000 metres and to a depth of up to 150 metres below the ultramafic / basalt contact zone. This rapid strike and depth expansion follows the drilling success reported earlier this year which previously extended Larkin over a strike of 650 metres and up to 120 metres down dip (see Karora news release dated May 12, 2021). Importantly, the Larkin zone remains open for further extension both along strike and at depth. Newly reported results from Larkin included intercepts of 9.4 g/t over 11.0 metres (hole BL19-09AR), 20.5 g/t over 3.5 metres (hole EL-EA2-011AR) and 15.2 g/t over 1.6 metres (hole BL19-23AR).

 

At Western Flanks North and South, infill drilling aimed at upgrading and supporting the Western Flanks Mineral Resource model returned solid intercepts, including 5.1 g/t over 10.7 metres (hole WW370-01AE) and 6.0 g/t over 5.6 metres (hole WW395-04AR).

 

In addition to the encouraging Larkin and Western Flanks North and South infill results, I am particularly pleased with the initial extensional drill results from surface in the A Zone North zone, which has confirmed the presence of gold mineralization 300 metres from the margin of the existing resource with a result of 4.7 g/t over 2.0 metres, including 9.3 g/t over 1.0 metres. Planning for additional drilling to test the continuity of this mineralization is underway. As highlighted in our growth plan, our planned second decline at Beta Hunt will provide the potential to access this gold mineralization very early in the development with the opportunity to provide gold revenue at an early stage of the mine expansion program.

 

On the nickel front, drilling is underway at the 50C Nickel Trough discovery where we previously reported strong initial results, including 11.6% Ni over 4.6 metres, including 18.4% Ni over 2.2 metres (Karora news release dated April 6, 2021). Assay results are pending on the new drilling, however, contact related nickel sulphides were observed in all 11 of the new holes completed and following up drilling is ongoing.

 

Overall, drilling results at Beta Hunt continue to deliver robust, continuous extensions to our major mineralized shear zones which positions us well for our 2021 Reserve and Resource update. I am particularly pleased that our team was able to complete the initial phase of our aggressive Larkin drill program, overcoming the well-known challenges with respect to the tight labour market and COVID-19 related restrictions in Western Australia, both of which have significantly increased assay turn around times at third party labs. We look forward to delivering pending results as they become available across several exciting targets and extensions at our flagship underground operation.”

 

Beta Hunt Drilling

 

The summary below covers new assay results received for 124 infill and extensional drill holes totalling 23,039 metres. Turn-around times on assay results continue to be extremely slow due to industry-wide third-party laboratory capacity issues resulting from significantly increased demand for their services exacerbated by pervasive labour supply hurdles related to COVID-19 restrictions. As restrictions ease, this situation is expected to improve going forward.

 

Drilling to date has focused on extending and upgrading (infill drilling) the Western Flanks, A Zone and Larkin Zone. Nickel drilling was directed at following up the 50C Gamma Zone discovery intersection of 11.6% Ni over 4.6 m (KRR news release, April 6, 2021) and infilling the 30C Mineral Resource.

 

Larkin Zone

 

The Larkin Zone is interpreted as the faulted southern offset of the Western Flanks zone (see Figure 1). The 30C nickel resource lies directly above the gold mineralization associated with the Larkin Zone (See Karora Technical Report dated February 1, 2021, available on www.sedar.com).

 

The current phase of drilling in the Larkin Zone was completed in July 2021, totalling 123 holes for 16,207 metres with new assay results recently returned. The drill program continued to test the southern extension of Larkin which has now been drilled over 1,000 metres of strike and up to 150 metres below the nickel contact. The zone remains open both along strike and at depth.

 

Since Karora’s previous update on the Larkin Zone (see Karora news release, May 12, 2021), assay results have been received for an additional 24 holes with significant results1.detailed below:

 

BL19-03AR: 6.2 g/t over 10.3 metres including 9.6g/t over 6.2 metres
BL19-04AR: 2.4 g/t over 10.6 metres
BL19-09AR: 9.4 g/t over 11.0 metres
BL19-14AR: 5.9 g/t over 3.2 metres
BL19-23AR: 15.2 g/t over 1.6 metres
EL-EA2-011AR: 20.5 g/t over 3.5 metres, including 87.9 g/t over 0.4 metres
1. Interval lengths are estimated true widths

 

The BL series of holes were designed to infill previously reported drill results between the 40 Access drill cuddy and the 2460 access to the south. Recent results continue to support the preliminary interpretation of the Larkin Zone comprising two to three, steep dipping, mineralized zones (Figure 2) of varying widths (3 metres to 12 metres) with mineralization associated with biotite-albite-pyrite altered steep-dipping shear zones and narrow, extensional quartz veins, similar in style to the A Zone and Western Flanks deposits.

 

A Zone North (U/G)

 

A Zone North drilling totalled 27 holes for 4,473 metres targeted to upgrade and extend the Inferred Mineral Resource along the northern margin of the existing A Zone Mineral Resource. Results show gold mineralization extends over 150 metres down-dip of the existing mineral resource. Drilling is also supportive of a continuation of the A Zone resource along strike to the north resulting in potential for both up-dip and down dip extensions (Figure 3). The most northern drill hole drilled in this campaign, drill hole AA1380-040E, intersected 6.9 metres @ 4.6g/t.

 

Assay results from the A Zone North drilling are highlighted below:

 

AA1380-034E: 3.9 g/t over 4.5 metres, including 9.0 g/t over 1.4 metres
AA1380-040E: 4.6 g/t over 6.9 metres including 5.1 g/t over 2.7 metres
AA1380-028E: 12.6 g/t over 4.1 metres
AA1380-017E: 2.7 g/t over 9.9 metres, including 3.9 g/t over 2.3 metres
1. Interval lengths are estimated true widths

 

Western Flanks South

 

Western Flanks South drilling totalled 10 holes for 2,824 metres. Drilling targeted the down-dip Inferred Mineral Resource with the aim of upgrading the Mineral Resource to Indicated status to support short term mine development. Results support the existing resource model with assay highlights shown below:

 

AW18LV-14AR: 2.1 g/t over 8.0 metres and 13.5g/t over 2.0 metres
AW190-003EA: 7.9 g/t over 1.2 metres
1. Interval lengths are estimated true widths

 

Western Flanks North

 

Western Flanks North drilling totalled seven holes and 748 metres. Drilling targeted the northern margin of the Resource with the aim of upgrading the Mineral Resource to Indicated status. Results highlighted below are supportive of the existing resource model:

 

AW18LV-14AR: 2.1 g/t over 8.0 metres and 13.5g/t over 2.0 metres
AW190-003EA: 7.9 g/t over 1.2 metres
1. Interval lengths are estimated true widths

 

Surface Drilling – Western Flanks North / A Zone North

 

Initial surface exploration drilling was undertaken to test the near surface potential for both the Western Flanks and A Zone to continue north along strike from the current underground resources. The surface target area was the focus of nickel exploration by WMC in the 1970s and 1980s who undertook limited shallow drilling targeting the basalt/ultramafic nickel contact. The previous work presented Karora the opportunity to test for gold mineralization with surface drilling up to a 700 metre strike distance from existing resources. Drilling included both RC and diamond drilling and totalled 9 holes for 2,765 metres.

 

Drilling targeted the interpreted extensions of both the Western Flanks and A Zone at variable depths to a maximum of 500 metres below surface. Geological observations from logging the RC chips and diamond core show very strong shearing up to 40 metres wide. The strong shearing is along strike of Western Flanks and is dominated by biotite-sericite-pyrite alteration with minor quartz veining. The interpreted A Zone extensional position is associated with a number of weak to moderate shear zones with minimal quartz veining.

 

First pass assay results support Karora’s geological theory, intersecting gold mineralization associated with the interpreted Western Flanks shear zone 700 metres north along strike from the margin of the existing resource. The interpreted A Zone position, located 300 metres north along strike of the existing resource also provides encouragement for further work with a best intersection of 4.7 g/t over 2 metres, including 9.3 g/t over 1.0 metres in drill hole AZ_m182RC_04AE.

 

Highlighted intersections from the surface drilling program are shown below:

 

AZ_m182RC_04AE: 4.7 g/t over 2 metres (78 to 80 metres downhole) including
9.3 g/t over 1.0 metre
AZN_p102_AE: 1.0 g/t over 8.0 metres (195 to 203 metres downhole) including
1.6g/t over 3.0 metres
AZN_P104AE: 0.5 g/t over 10.0 metres (284 to 294 metres downhole) including
2.1g/t over 1 metre
1. Interval lengths are downhole widths. True estimated widths cannot be determined with available information.

 

Nickel Drilling

 

30C: Infill drilling continued to upgrade and extend the 30C nickel trough. A total of fourteen holes for 812 metres was completed over the reporting period. Significant results from the recent drilling campaign are listed below:

 

B30-19-007NR: 2.4% Ni over 3.6 metres
B30-19-012NR: 1.2% Ni over 8.2 metres, including 2.8% Ni over 1.1 metre
BL19-009AR: 2.5% Ni over 2.1 metres
1. Interval lengths are estimated true widths

 

Western Flanks Nickel: Selected holes targeting the up-dip position of the Western Flanks gold mineralization were extended to test for contact-related nickel mineralization. AW190-003EA returned a significant result of 2.3% Ni over 3.2 metres (estimated true width). The Western Flanks nickel mineralization is typically more complex, related to multiple thrusting, compared to the Beta nickel troughs to the south, however, the recent results continue to provide encouragement to further assess nickel mineralization in this area.

 

Gamma Zone/50C: Drilling commenced testing the potential of the interpreted 50C nickel trough as a follow-up to the discovery hole, G50-22-005E which intersected 11.6% Ni over 4.6 metres, including 18.4% Ni over 2.2 metres (see Karora news release, April 6, 2021). Drilling is aimed at defining the width and strike of the newly discovered trough. To date 11 holes have been completed for 1,613 metres. Contact-related nickel sulphides was observed in all 11 holes drilled to date with preliminary interpretation indicating the trough to be 50 metres wide. Assay results are pending at third-party labs. This first stage of follow-up drilling is scheduled to be completed by the end of 2021.

 

Compliance Statement (JORC 2012 and NI 43-101)

 

The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Stephen Devlin, FAusIMM, Group Geologist, Karora Resources Inc., a Qualified Person for the purposes of NI 43-101.

 

At Beta Hunt all drill core sampling is conducted by Karora personnel. Drill core samples for gold analysis in this instance were shipped to ALS Laboratories, Perth for preparation and assaying by 50gram 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 Perth for assaying. The analytical technique is ICP41Q, a four acid digest ICP-AES package. Assays recorded above the upper detection limit (25,000ppm Ni) are re-analyzed using the same technique with a greater dilution (ICP43B). All samples submitted for nickel assay include at least one Certified Reference Material (CRM) per batch, with a minimum of one CRM per 20 samples. Where problems have been identified in QAQC checks, Karora personnel and the SGS laboratory staff have actively pursued and corrected the issues as standard procedure. Where problems have been identified in QAQC checks, Karora personnel and the SGS and ALS laboratory staff have actively pursued and corrected the issues as standard procedure.

 

About Karora Resources

 

Karora is focused on doubling gold production to 200,000 ounces by 2024 compared to 2020 and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations in Western Australia. The Higginsville treatment facility is a low-cost 1.6 Mtpa processing plant, expanding to a planned 2.5 Mtpa by 2024, which is fed at capacity from Karora’s underground Beta Hunt mine and Higginsville mines. At Beta Hunt, a robust gold Mineral Resource and Reserve is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions. HGO has a substantial Mineral gold Resource and Reserve and prospective land package totaling approximately 1,800 square kilometers. The Company also owns the high grade Spargos Reward project which is anticipated to begin mining in 2021. Karora has a strong Board and management team focused on delivering shareholder value and responsible mining, as demonstrated by Karora’s commitment to reducing emissions across its operations. Karora’s common shares trade on the TSX under the symbol KRR and also trade on the OTCQX market under the symbol KRRGF.

 

Table 1(a): Beta Hunt Gold- Significant Results – January 1, 2021 to July 31, 2021
(plus A Zone 10 October to 31st December, 2020)

 

Target/Prospect Hole ID   Sub interval From(m) To (m) Downhole Interval (m) Estimated True Width
(m)
Au (g/t)1. 
A-Zone N AA1380-011E 87.6 96.5 8.9 6.1 2.50
98.9 104.0 5.1 3.5 6.45
108.0 109.0 1.0 0.7 1.26
AA1380-012E 73.0 74.0 1.0 0.8 1.11
AA1380-013E 63.0 65.5 2.5 2.5 2.26
66.7 70.6 3.9 3.8 2.76
AA1380-015E 69.2 72.1 3.0 2.6 1.81
130.0 133.7 3.7 3.3 6.17
AA1380-016E 96.0 99.2 3.2 2.3 2.77
101.9 103.0 1.1 0.8 2.14
AA1380-017E 92.7 108.5 15.8 9.9 2.70
including 92.7 96.3 3.6 2.3 3.86
including 97.6 108.5 10.9 6.9 2.55
AA1380-018E 79.3 80.6 1.3 1.0 8.30
AA1380-020E 65.0 66.0 1.0 0.9 2.57
74.0 78.0 4.0 3.5 3.29
80.0 81.0 1.0 0.9 2.76
AA1380-021E 78.2 79.4 1.2 0.9 1.13
87.8 91.0 3.2 2.5 2.04
AA1380-023E 103.0 104.8 1.8 1.0 3.12
152.0 153.0 1.0 0.5 1.82
AA1380-024E 110.0 111.0 1.0 0.6 2.20
AA1380-025E 93.0 94.7 1.7 1.2 2.73
110.0 111.0 1.0 0.7 1.17
AA1380-026E 90.0 91.0 1.0 0.7 1.25
124.0 125.0 1.0 0.7 2.35
AA1380-027E 122.0 123.0 1.0 0.7 1.36
130.0 131.0 1.0 0.7 1.40
AA1380-028E 114.5 115.7 1.2 0.7 2.15
120.0 126.8 6.8 4.1 12.55
130.0 131.0 1.0 0.6 2.58
AA1380-029E 115.0 116.0 1.0 0.4 2.67
121.0 123.8 2.8 1.2 3.69
AA1380-030E 111.9 118.3 6.3 3.3 3.67
181.0 182.1 1.1 0.6 5.30
AA1380-031E 109.0 110.0 1.0 0.6 4.76
179.0 180.0 1.0 0.6 1.62
AA1380-034E 129.5 137.0 7.5 4.5 3.90
including 129.5 132.5 3.0 1.4 9.00
134.3 135.9 1.7 0.8 1.67
137.0 138.9 1.9 0.9 3.26
AA1380-040E 139.6 146.8 7.2 2.7 5.07
148.5 153.6 5.1 1.9 3.51
154.9 157.8 2.9 1.1 9.94
AA1380-041E 88.6 89.8 1.2 0.7 3.36
96.0 97.0 1.0 0.6 2.92
AA1380-041E 114.0 115.7 1.7 1.0 1.58
AA1380-042E 122.7 123.8 1.1 0.6 1.16
125.2 126.4 1.2 0.6 1.24
129.1 130.5 1.4 0.8 1.20
131.9 133.0 1.2 0.6 1.18
135.8 139.7 3.9 2.1 1.85
145.1 146.7 1.6 0.8 1.70
A-Zone North Surface Holes2. AZ_m182_RC_04_AE 78.0 80.0 2.0 _ 4.66
including 79.0 80.0 1.0 _ 9.30
AZN_p102_AE 195.0 203.0 8.0 _ 0.98
including 198.0 201.0 3.0 _ 1.55
509.0 510.0 1.0 _ 1.20
AZN_p103_AE 202.0 210.2 8.2 _ 0.58
including 205.0 206.0 1.0 _ 1.13
AZN_P104AE 284.0 294.0 10.0 _ 0.48
including 290.0 291.0 1.0 _ 2.06
300.0 304.0 4.0 _ 0.46
A-Zone North Geotech SPG-p003-GT 42.7 44.7 2.0 _ 2.97
AW13LNC-03AR 118.0 120.4 2.4 1.4 5.25
124.4 126.0 1.6 1.0 2.19
AW18LV-14AR 86.0 94.0 8.0 8.0 2.14
108.0 109.8 1.8 1.8 3.64
113.0 115.0 2.0 2.0 13.45
121.5 123.0 1.5 1.5 1.18
AW190-003E 10.3 13.0 2.7 1.7 1.20
AW190-003EA 11.0 12.0 1.0 0.5 2.21
52.0 53.0 1.0 0.6 11.78
63.9 66.0 2.1 1.2 7.87
87.0 94.6 7.6 4.4 1.70
B30-19-003NR 5.0 10.2 5.2 0.3 1.19
B30-19-004NR 17.5 20.0 2.5 0.1 1.82
32.6 33.9 1.3 0.0 1.82
B30-19-006NR 37.0 45.0 8.0 0.3 2.06
B30-19-007NR 2.8 3.8 1.0 0.0 1.36
12.0 13.0 1.0 0.0 1.26
20.1 23.8 3.8 0.2 1.89
B30-19-009NR 43.0 44.0 1.0 0.1 1.53
48.0 53.0 5.0 0.7 1.81
59.0 62.0 3.0 0.4 1.77
B30-19-011NR 11.9 13.9 2.0 0.6 1.60
B30-19-012NR 24.5 25.5 1.0 0.1 67.94
B30-19-014NR 5.0 8.0 3.0 0.1 1.96
19.0 20.6 1.6 0.0 1.57
26.0 30.0 4.0 0.0 3.22
33.0 40.0 7.0 0.1 1.75
Beta B40-17-007E 39.2 43.1 3.9 0.7 2.12
62.0 63.1 1.1 0.2 1.65
90.3 92.6 2.3 0.4 1.11
BE20-227RL 25.5 26.5 1.0 0.8 1.15
32.2 34.0 1.8 1.5 2.93
99.4 101.0 1.6 1.3 1.82
Larkin BL19-01AR 26.0 38.0 12.0 4.0 2.75
76.0 77.0 1.0 0.4 1.17
89.0 90.0 1.0 0.3 1.11
BL19-02AR 12.0 15.0 3.0 1.7 1.42
18.8 20.0 1.2 0.7 3.74
53.0 54.0 1.0 0.6 9.19
57.0 58.0 1.0 0.6 1.14
69.0 70.0 1.0 0.6 3.52
BL19-03AR 5.2 10.5 5.3 4.8 1.23
33.0 44.2 11.2 10.3 6.18
including 33.0 39.7 6.7 6.2 9.60
46.7 50.5 3.9 3.5 1.74
64.0 65.0 1.0 0.9 6.71
71.0 72.5 1.5 1.4 1.68
BL19-04AR 7.0 8.0 1.0 0.9 4.40
18.4 19.4 1.0 0.9 3.62
37.2 49.0 11.8 10.6 2.41
54.0 55.0 1.0 0.9 1.48
57.6 59.0 1.4 1.3 1.87
62.6 64.0 1.4 1.3 1.94
BL19-06AR 22.0 23.0 1.0 0.5 2.86
BL19-07AR 10.4 15.2 4.8 3.3 1.34
18.4 20.0 1.6 1.1 1.04
43.8 49.4 5.6 4.0 2.46
59.3 63.6 4.3 3.0 2.90
68.4 72.4 4.0 2.8 2.70
79.6 81.3 1.7 1.2 1.58
86.8 94.0 7.2 5.1 1.68
BL19-08AR 10.2 14.4 4.2 2.9 1.39
20.2 21.3 1.2 0.8 8.86
43.0 44.0 1.0 0.7 1.52
61.0 67.3 6.3 4.5 2.30
BL19-09AR 60.5 73.0 12.5 11.0 9.39
90.0 91.0 1.0 0.9 5.21
95.5 101.8 6.3 5.6 3.38
106.0 110.0 4.0 3.6 4.27
BL19-10AR 54.0 55.4 1.4 1.3 1.64
68.1 69.7 1.6 1.5 1.05
94.0 97.0 3.0 2.8 2.87
101.1 104.0 2.9 2.7 2.61
112.9 122.1 9.2 8.5 1.76
126.0 127.0 1.0 0.9 6.19
145.0 146.0 1.0 0.9 1.79
BL19-11AR 5.0 8.0 3.0 2.2 1.60
13.6 14.8 1.2 0.9 1.81
25.0 28.0 3.0 2.2 2.55
36.0 37.0 1.0 0.7 1.80
42.1 47.0 5.0 3.6 1.62
68.0 69.0 1.0 0.7 1.28
BL19-13AR 2.0 6.0 4.0 3.6 1.52
61.0 62.5 1.5 1.4 1.06
80.2 81.8 1.5 1.4 2.82
98.0 99.6 1.6 1.5 2.29
BL19-14AR 4.0 5.0 1.0 1.0 1.19
10.0 14.0 4.0 3.9 2.58
24.9 26.0 1.1 1.1 1.56
55.9 57.0 1.1 1.1 4.70
87.0 88.0 1.0 1.0 1.21
92.0 95.3 3.3 3.2 5.88
98.0 100.0 2.0 1.9 1.96
BL19-15AR 19.0 20.0 1.0 0.8 1.97
44.0 51.0 7.0 5.3 1.60
73.0 74.0 1.0 0.8 1.23
84.0 85.0 1.0 0.8 3.28
106.0 107.0 1.0 0.8 1.79
110.0 117.0 7.0 5.4 1.54
BL19-16AR 5.0 7.0 2.0 1.1 1.35
26.0 27.0 1.0 0.5 1.96
32.0 33.0 1.0 0.5 1.65
38.0 39.0 1.0 0.5 2.02
60.0 61.0 1.0 0.5 2.97
73.0 74.3 1.3 0.7 1.47
80.0 83.0 3.0 1.6 1.74
104.0 114.0 10.0 5.4 1.44
117.0 121.0 4.0 2.2 1.64
BL19-18AR 11.4 14.2 2.8 2.1 1.50
57.0 58.0 1.0 0.8 1.34
64.0 65.8 1.8 1.4 1.12
70.5 72.0 1.6 1.2 1.29
123.0 126.0 3.0 2.4 3.65
BL19-21AR 8.0 9.0 1.0 0.7 1.62
13.0 14.0 1.0 0.7 1.44
22.0 23.0 1.0 0.7 3.82
60.1 64.0 3.9 2.9 1.41
70.0 73.0 3.0 2.2 2.29
76.0 77.0 1.0 0.7 1.81
82.0 85.0 3.0 2.2 1.75
101.9 103.0 1.1 0.8 3.09
BL19-23AR 3.0 4.5 1.5 1.3 11.67
20.0 22.0 2.0 1.8 1.05
39.0 40.0 1.0 0.9 3.46
44.0 45.8 1.8 1.6 15.24
55.0 58.0 3.0 2.6 2.87
60.6 62.8 2.2 1.9 1.49
66.0 72.0 6.0 5.3 2.56
75.0 76.0 1.0 0.9 1.35
BL19-24AR 1.0 2.1 1.1 0.7 14.55
37.0 38.4 1.4 0.9 1.28
62.0 63.0 1.0 0.6 2.53
70.0 71.0 1.0 0.6 4.01
78.4 79.4 1.0 0.6 4.78
88.0 89.0 1.0 0.6 2.15
115.0 116.0 1.0 0.6 1.64
BL19-25AR 6.0 7.0 1.0 0.4 1.18
11.0 12.0 1.0 0.4 1.26
65.0 66.0 1.0 0.4 1.45
68.0 69.8 1.8 0.8 1.41
110.0 111.0 1.0 0.4 1.13
114.0 115.0 1.0 0.4 2.03
119.8 121.0 1.2 0.5 1.90
134.0 137.0 3.0 1.3 1.52
BL19-26AR 17.0 20.5 3.5 2.3 1.53
33.0 34.0 1.0 0.7 1.19
60.4 61.5 1.1 0.7 1.62
72.0 73.5 1.5 1.0 1.07
75.6 77.0 1.4 0.9 1.84
130.0 131.0 1.0 0.7 1.14
BL19-27AR 16.0 17.0 1.0 0.9 1.29
31.0 32.0 1.0 0.9 1.06
46.0 47.0 1.0 0.9 1.08
62.6 64.1 1.5 1.4 1.01
78.0 83.0 5.0 4.6 1.51
BL19-28AR 14.2 16.6 2.4 1.7 2.08
33.0 34.0 1.0 0.7 1.92
52.0 53.0 1.0 0.7 2.52
EL-EA2-011AR 4.0 5.6 1.6 1.2 2.14
50.6 51.6 1.0 0.8 1.65
152.5 157.0 4.5 3.5 20.49
including 154.0 154.5 0.5 0.4 87.90
179.0 181.0 2.0 1.6 3.84
208.0 209.0 1.0 0.8 4.40
211.9 213.5 1.6 1.2 1.66
218.4 220.1 1.7 1.3 3.73
312.0 315.0 3.0 2.3 3.20
326.1 327.2 1.1 0.9 3.69
Western Flanks South WW370-01AE 29.5 31.5 2.0 1.6 1.61
164.0 165.6 1.6 1.3 5.46
171.0 178.0 7.0 5.7 2.11
WW370-06AR 26.0 28.0 2.0 1.6 3.12
93.0 94.0 1.0 0.8 10.60
146.0 159.0 13.0 10.7 5.14
WW370-07AR 131.0 132.0 1.0 0.8 1.05
145.0 146.2 1.2 1.0 1.24
187.0 189.0 2.0 1.7 3.36
223.0 224.0 1.0 0.9 1.78
WW370-10AE 30.4 33.7 3.3 2.0 1.77
99.0 100.0 1.0 0.6 2.32
204.8 210.0 5.2 3.6 3.45
WW370-11AE 34.2 35.5 1.2 0.7 2.67
70.0 71.0 1.0 0.6 1.14
195.7 196.7 1.0 0.7 3.52
202.2 204.0 1.8 1.2 1.69
207.0 208.1 1.1 0.8 1.22
237.0 240.0 3.0 2.1 2.25
WW395-02AR 37.0 38.5 1.5 1.2 1.70
63.5 64.7 1.2 0.9 1.09
173.0 178.0 5.0 3.9 6.22
WW395-04AR 35.0 39.7 4.7 3.3 1.70
261.0 262.2 1.2 0.8 1.23
WW395-05AR 35.8 38.0 2.2 1.6 4.78
65.9 67.0 1.1 0.8 1.36
181.7 189.0 7.3 5.6 6.02
192.0 194.6 2.6 2.0 4.01
WW395-10AE 43.0 45.0 2.0 1.1 2.36
112.7 114.2 1.5 0.9 3.71
127.0 129.0 2.0 1.2 4.01
321.6 324.0 2.4 1.4 4.51
328.0 329.6 1.6 0.9 2.38
WW395-11AE 43.0 44.4 1.4 0.8 5.31
248.0 249.0 1.0 0.6 3.56
319.0 320.0 1.0 0.6 1.81
323.0 324.0 1.0 0.6 2.57
328.8 329.8 1.1 0.6 2.04
1. Reported gold grades > 1.0 g/t downhole.
2. A Zone North surface drilling assays > 0.3 g/t over 1 metre downhole; true width cannot be estimate with available information.

 

 

Table 1(b): Beta Hunt Nickel – Significant Results – January 1, 2021 to July 31, 2021(excludes results previously released in 2021)

 

Target/Prospect Hole ID Sub interval From 
(m)
To 
(m)
Downhole Interval
(m)
Estimated True Width
(m)
Ni (%)1.
Western
Flanks
AW190-003EA 94.1 98.4 4.4 3.2 2.33
BETA B30-19-004NR 24.8 25.0 0.2 0.2 1.94
B30-19-006NR 46.0 47.3 1.3 1.0 0.57
B30-19-007NR 24.3 28.7 4.4 3.6 2.35
B30-19-009NR 40.5 42.0 1.5 0.9 1.46
B30-19-012NR 22.0 33.0 11.0 8.2 1.22
Including 24.5 26.1 1.6 1.1 2.84
B30-19-014NR 40.3 40.6 0.3 0.3 0.56
B40-17-007E 113.3 118.2 4.9 3.0 1.32
BL19-09AR 49.7 64.3 14.6 2.1 2.54
BL19-13AR 45.5 52.8 7.3 1.4 1.36
56.0 58.0 2.0 0.4 0.63
77.4 80.2 2.8 0.5 2.16

 

 

Table 2 Drillhole Collars – Beta Hunt from January 1, 2021 to July 31, 2021

 

Target/

Prospect

Hole    ID                                           MGA_N MGA_E mRL AZI DIP Total
Length (m)
AZONE North Surface Holes AZN_p102_AE 6545112.4 373717.2 288.6 68.5 -49.3 520.7
AZN_p103_AE 6545112.2 373716.6 288.7 62.2 -57.0 576.3
AZN_P104AE 6545111.5 373715.2 288.7 57.4 -65.0 423.1
AZ_m182_RCD_06_AE 6545371.7 373709.8 295.6 51.5 -60.0 309.8
AZ_m182_RCD_07_AE 6545393.8 373735.1 296.5 51.1 -58.7 60.0
AZ_m182_RCD_08_AE 6545413.5 373763.8 298.8 55.8 -60.8 170.5
AZ_m182_RCD_09_AE 6545336.1 373664.6 294.6 52.0 -60.5 444.4
AZ_m182_RC_04_AE 6545327.1 373817.8 300.4 57.5 -60.5 130.0
AZ_m182_RC_05_AE 6545349.6 373845.4 301.9 49.0 -61.0 130.0
AZONE AA1380-017E 6544837.5 374169.4 -153.0 17.7 -46.3 159.1
AA1380-018E 6544837.6 374169.5 -152.9 18.3 -31.1 126.0
AA1380-019E 6544837.7 374169.4 -152.7 15.9 -13.7 111.0
AA1380-020E 6544837.9 374169.3 -151.8 19.2 7.4 107.9
AA1380-021E 6544838.0 374169.5 -149.7 21.1 25.4 146.7
AA1380-022E 6544837.9 374169.3 -149.4 21.2 38.7 146.5
AA1380-023E 6544840.8 374166.2 -152.8 358.4 -41.1 173.7
AA1380-024E 6544841.0 374166.2 -152.7 0.5 -27.9 164.6
AA1380-025E 6544841.4 374166.1 -152.6 0.8 -13.8 155.3
AA1380-026E 6544841.5 374165.9 -151.7 3.6 3.6 146.8
AA1380-027E 6544841.6 374165.7 -151.0 4.1 20.8 155.4
AA1380-028E 6544841.5 374165.4 -150.0 5.5 35.8 197.7
AA1380-029E 6544840.9 374165.9 -152.7 349.2 -36.4 215.7
AA1380-030E 6544840.9 374165.7 -152.6 351.0 -25.3 194.5
AA1380-031E 6544841.1 374165.7 -152.6 347.7 -11.9 197.3
AA1380-032E 6544841.5 374165.8 -151.7 351.8 5.9 170.6
AA1380-033E 6544841.6 374165.6 -150.3 351.3 18.3 179.6
AA1380-034E 6544841.5 374165.4 -149.5 349.9 28.4 203.7
AA1380-011E 6544837.4 374169.5 -153.0 42.6 -48.4 202.0
AA1380-012E 6544837.5 374169.5 -153.0 40.9 -34.5 131.9
AA1380-013E 6544837.6 374169.4 -152.7 40.5 -16.9 137.8
AA1380-014E 6544837.3 374169.8 -151.8 42.4 5.5 138.2
AA1380-015E 6544837.9 374169.4 -149.7 42.3 23.7 149.6
AA1380-016E 6544837.4 374169.9 -151.0 45.8 40.2 153.5
AA1380-040E 6544841.4 374165.8 -151.5 342.1 23.6 215.7
AA1380-041E 6544812.7 374205.0 -153.1 56.3 -57.2 185.9
AA1380-042E 6544812.5 374205.1 -153.3 82.4 -51.6 206.9
FLETCHER AF18LV-07AE 6544421.0 374623.3 -269.7 248.5 -34.6 554.8
AF18LV-16AE 6544422.7 374627.7 -268.0 224.5 -31.0 639.4
WESTERN FLANKS AWF190RB-001 6544295.7 374744.4 -186.7 86.6 86.7 95.0
AW13LNC-01AR 6544529.0 374500.6 -151.6 254.8 31.8 80.6
AW13LNC-02AR 6544528.9 374500.8 -153.7 253.0 -5.2 120.1
AW13LNC-03AR 6544529.0 374500.8 -154.4 259.4 -41.1 156.1
AW18LV-14AR 6544419.6 374624.3 -268.8 227.8 -0.3 135.2
AW190-003E 6544359.6 374673.5 -189.0 263.4 39.6 14.6
AW190-003EA 6544359.6 374673.5 -189.0 267.0 38.0 146.7
LARKIN BE20-227RL 6542394.4 375806.6 -399.7 250.7 25.4 122.0
BL19-01AR 6542706.0 375462.5 -385.8 35.8 -72.1 165.1
BL19-02AR 6542706.0 375462.6 -385.9 38.3 -56.2 110.4
BL19-03AR 6542706.8 375464.0 -385.3 37.2 -24.5 87.0
BL19-04AR 6542706.3 375464.0 -383.5 42.2 22.6 77.5
BL19-06AR 6542706.5 375464.0 -385.4 88.6 -53.4 105.0
BL19-07AR 6542706.7 375464.0 -385.2 85.8 -22.6 96.2
BL19-08AR 6542706.7 375463.9 -383.3 85.4 20.2 83.8
BL19-09AR 6542602.4 375509.4 -388.4 24.8 14.7 125.7
BL19-10AR 6542602.4 375509.6 -389.5 26.1 -13.5 150.0
BL19-11AR 6542602.2 375509.8 -390.3 23.6 -38.9 146.8
BL19-13AR 6542601.7 375510.1 -388.3 48.8 19.4 113.8
BL19-14AR 6542602.3 375509.7 -389.5 51.7 -14.2 105.0
BL19-15AR 6542602.0 375510.0 -390.3 52.1 -42.3 158.9
BL19-16AR 6542601.9 375509.9 -390.4 53.1 -58.8 188.9
BL19-17AR 6542529.0 375573.5 -389.4 7.9 18.1 134.7
BL19-18AR 6542528.9 375573.4 -390.6 8.8 -7.4 140.8
BL19-20AR 6542528.8 375573.5 -390.7 36.0 -10.5 90.1
BL19-21AR 6542528.6 375573.6 -391.6 34.2 -44.6 128.0
BETA BL19-23AR 6542528.6 375573.7 -390.7 73.2 -10.7 96.0
LARKIN BL19-24AR 6542528.2 375574.0 -391.5 76.7 -43.1 125.6
BETA BL19-25AR 6542528.1 375574.0 -391.7 78.6 -60.1 164.7
LARKIN BL19-26AR 6542528.7 375573.4 -391.4 6.7 -34.7 140.7
BL19-27AR 6542492.3 375605.9 -391.9 66.3 -12.5 90.0
BL19-28AR 6542492.3 375605.9 -392.5 66.4 -45.6 117.0
BETA B30-19-001NR 6542608.6 375563.4 -384.0 235.8 70.8 47.8
B30-19-002NR 6542612.6 375569.4 -385.0 0.8 89.2 36.0
B30-19-003NR 6542618.4 375577.3 -384.3 223.1 89.3 65.9
B30-19-004NR 6542623.6 375586.1 -383.2 290.3 89.0 48.0
B30-19-005NR 6542614.3 375565.0 -385.4 289.4 41.1 53.7
B30-19-006NR 6542614.4 375565.1 -385.0 314.0 51.6 47.3
B30-19-007NR 6542618.0 375573.5 -385.0 322.0 55.7 47.5
B30-19-008NR 6542622.7 375580.8 -384.8 338.4 58.2 65.7
B30-19-009NR 6542622.8 375580.5 -385.0 327.3 38.6 62.8
B30-19-010NR 6542611.8 375573.8 -386.0 138.4 29.7 59.6
B30-19-011NR 6542616.8 375581.6 -385.0 157.1 43.9 41.7
B30-19-012NR 6542617.1 375581.8 -385.0 127.9 52.4 47.6
B30-19-014NR 6542623.0 375589.2 -383.9 132.9 70.0 51.0
B40-17-007E 6542884.6 375403.3 -401.8 296.8 33.7 137.7
LARKIN EL-EA2-005AR 6542925.3 375514.5 -420.6 247.6 -23.5 330.0
EL-EA2-011AR 6542925.3 375514.5 -420.6 258.5 -19.7 327.2
GAMMA G10-22-002NR 6541833.1 376253.7 -334.0 194.0 41.3 125.7
G10-22-003NR 6541833.1 376255.7 -333.0 189.6 55.4 107.2
G10-22-005NR 6541834.1 376256.7 -333.0 129.6 71.9 117.0
G10-22-006NR 6541835.1 376257.7 -333.0 102.1 66.6 107.8
G50-22-006NE 6541840.1 376249.7 -336.0 216.9 30.4 176.6
G50-22-009NR 6541849.0 376242.6 -338.0 227.0 17.3 216.1
G50-22-010NR 6541849.0 376242.6 -335.0 228.8 23.9 194.8
G50-22-011NR 6541849.0 376242.6 -335.0 224.1 29.8 152.8
G55-22-002NE 6541840.1 376249.7 -334.0 220.9 53.4 113.6
G55-22-003NE 6541838.1 376250.7 -336.0 192.0 27.0 176.8
G55-22-004NR 6541849.0 376243.6 -334.0 227.6 43.5 125.2
WESTERN FLANKS WW370-01AE 6543785.8 375259.4 -369.9 222.7 -34.3 234.0
WW370-06AR 6543785.7 375259.4 -369.1 195.3 -9.4 243.0
WW370-07AR 6543785.7 375259.6 -368.8 195.1 5.4 245.9
WW370-10AE 6543785.6 375259.6 -369.2 182.1 -10.1 348.0
WW370-11AE 6543785.6 375259.7 -368.9 182.1 5.3 306.1
WW395-02AR 6543803.3 375247.6 -395.5 198.7 -27.1 240.1
WW395-04AR 6543803.5 375247.8 -395.5 188.1 -26.1 273.0
WW395-05AR 6543803.4 375247.8 -395.2 188.6 -13.8 258.0
WW395-10AE 6543803.4 375248.7 -395.2 175.0 -22.9 344.9
WW395-11AE 6543803.5 375248.6 -395.4 172.6 -14.6 330.9

 

Figure 1: Plan view of Beta Hunt showing recent drill traces and significant gold and nickel intersections (CNW Group/Karora Resources Inc.)

 


Figure 2: Cross-section of Larkin Zone looking northwest (+/- 25m) highlighting recent drill results. (refer to figure 1 for location). (CNW Group/Karora Resources Inc.)

 


Figure 3: Oblique section looking north of the northern margin of the A Zone resource. (+/- 50m) highlighting recent drill results (estimated true widths) A Zone remains open to the north, up-dip and down-dip (refer to figure 1 for location). (CNW Group/Karora Resources Inc.)

 

Posted September 8, 2021

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