Karora Resources Makes New Nickel Discovery After Hitting 11.9 Metres of 6.5% Nickel

A new nickel discovery has been made by Karora Resources (TSX: KRR). The discovery has been made at the firms Beta Hunt Mine, and is incredibly just twenty-five metres from existing mining infrastructure on the property.

High grade nickel mineralization was intersected by the company at what it refers to as the Hunt Block, where infill drilling of the existing gold resource intersected high grade nickel within two separate holes. The discovery is being classified as an offset to the 4C nickel trough which was mine nearly two decades ago in 2004. The discovery is said to be just 25 metres from where active mining is occurring at the Western Flanks gold deposit.

Highlights from drilling include:

  • BW-1704-07AG: 6.5% nickel over 11.9 metres
  • BW-1704-05AG: 3.0% nickel over 4.6 metres

“This discovery is particularly exciting and significant because it represents a potential new high grade nickel zone that we can potentially mine in the near term,” said Paul Andre Huet, CEO of Karora.

Nickel sulphides were also reportedly intersected at the Beta Block, where the company is focused on upgrading and extending the 30C and 25C troughs. Highlights from this drilling includes:

  • BL1890-001AR: 2.0% nickel over 4.0 metres
  • B25-20-006NE: 5.1% nickel over 3.3 metres
  • B25-20-014NE: 4.6% nickel over 1.3 metres

Follow up drilling is reportedly underway to better define the geometry and extent of the new nickel discovery at the Hunt Block. The company also continues to drill test for new nickel troughs based on this discovery.

Karora Resources last traded at $2.93 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Karora Resources Begins Trading Post-Consolidation Today

Karora Resources (TSX: KRR) announced yesterday evening that the equity will begin trading on a...

Friday, July 31, 2020, 08:36:19 AM

Karora Resources Intersects 29.8 g/t Gold Over 7.8 Metres

Karora Resources (TSX: KRR) this morning released the latest drill results from its Beta Hunt...

Tuesday, July 19, 2022, 09:03:12 AM

Karora Resources Posts $264.2 Million In Revenue For 2021

Karora Resources Inc. (TSX: KRR) announced this morning its financial results for Q4 and full-year...

Monday, March 14, 2022, 02:52:00 PM

Karora Resources Produces 30,365 Gold Ounces, Posts $68.4 Million In Revenue For Q2 2021

Karora Resources Inc. (TSX: KRR) announced this morning its operational and financial results for Q3...

Monday, November 8, 2021, 10:40:00 AM

Karora: Haywood Upgrades Rating, Lowers Price Target On Q1 Results

On May 12th, Karora Resources Inc. (TSX: KRR) reported its first quarter financial results. The...

Sunday, May 15, 2022, 05:17:00 PM