KRR News

Karora Resources Completes Acquisition of Spargos Reward High-Grade Gold Project

Drilling at Spargos Reward Extends High Grade Gold Plunging Shoot to Over 300 metres Down-Plunge With Intersection of 6.1 g/t Over 14 metres as Resource Definition Drilling Completed Ahead of Resource Update

Highlights: High grade diamond drill result1,2 confirms interpreted high grade gold plunging shoot thesis by extending plunging shoot to over 300m down-plunge. The shoot remains open down-plunge.SPDD0003: 6.1 g/t over 14.0 metres, including 8.6 g/t over 5.7 metresThis drill intersection supports the plunging shoot interpretation associated with previously announced (see Karora news release, November 18, 2020), near-surface high grade intersections...

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Karora Provides Update on 2020 Drilling Program and Announces New Regional Mining Strategy for Higginsville Area

Karora Intersects 3.64 g/t Gold over 16 Metres as Part of Strong Results from Initial Scout Drilling on the Lake Cowan Prospect at Higginsville Greater; Provides Management Update and Announces Participation in Upcoming Investor Conferences

Highlights: Initial scout drilling at Lake Cowan in the Higginsville Greater area has delivered exciting new drill targets in previously under-explored terrain east of the Higginsville mining operations.Results from early stage scout drilling are viewed as very encouraging especially given the sparse nature of the drilling over this large area.Significant gold intersections from lake air core scout drilling include:HIGA8864: 1.35...

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Karora Intersects 19.0 g/t Gold Over 9.0 metres including 542 g/t over 0.3 metres with Visible Gold Mineralization Observed in Larkin Zone Drill Core at Beta Hunt

Karora Intersects 19.0 g/t Gold Over 9.0 metres including 542 g/t over 0.3 metres with Visible Gold Mineralization Observed in Larkin Zone Drill Core at Beta Hunt

Highlights: At Beta Hunt, visible gold was observed in the Larkin Zone drill core from the infill drilling program (hole number EL-EA2-023E), further demonstrating the potential for a third gold resource in addition to A Zone and Western Flanks. Initial assay results1,2 include:EL-EA2-023E: 19.0 g/t over 9.0 metres, including 542 g/t over 0.3 metresEL-EA2-023E: 6.4 g/t over 3.0 metres, including...

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RNC Minerals Provides Production and Cost Guidance and Positive Operational Update

Karora Announces 21% Increase in Production Guidance for 2021 Following Record Annual Production of 99,249 ounces, Beating 2020 Guidance

Summary Karora achieves record gold production of 99,249 ounces and gold sales of 98,646 ounces in 2020Year-end consolidated cash balance of C$79.5 million, an 18% increase vs. the third quarter, net of a $2 million early debt repayment during the fourth quarter.Consolidated 2021 Guidance:Production of 105,000-115,000 ounces, an increase of over 20% when compared to 2020 production guidance.All-in-sustaining-cost (AISC)1 of...

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Beta Hunt – RNC Minerals Exclusive Photos Insidexploration

Karora Announces 334% Increase in Proven and Probable Mineral Reserves to 1.33 Million Ounces and 167% Increase in Measured and Indicated Mineral Resources to 2.52 Million Ounces

Highlights: Consolidated gold Proven and Probable Mineral Reserves increase by 334 % to 1.33 million ounces Consolidated gold Measured and Indicated Mineral Resources increase by 167% to 2.52 million ouncesThe new Consolidated gold Mineral Resources and Reserves will form the basis of Karora's organic growth profile to be announced in the first quarter of 2021Due to the very strong drilling results...

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Karora Resources Intersects 29.8 g/t Gold Over 19.0 Metres and 27.3 g/t Gold Over 15.0 Metres from Initial Drilling at Spargos Project

Karora Resources Intersects 29.8 g/t Gold Over 19.0 Metres and 27.3 g/t Gold Over 15.0 Metres from Initial Drilling at Spargos Project

Highlights: Initial drill results1 within 100 metres of the surface have intersected new high grade gold intercepts at the Spargos Project. These include:SPRC0026: 29.8 g/t over 19.0 metres, including 99.5 g/t over 5.0 metresSPRC0012: 27.3 g/t over 15.0 metres, including 168.0 g/t over 1.3 metresSPRC0019: 8.0 g/t over 19.0 metres, including 20.6 g/t over 2.0 metresSPRC0028: 29.8 g/t over 3.0...

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Karora Announces Record Quarterly Adjusted EBITDA of $23 Million and Record Low AISC of US$1,044 per ounce Since HGO Acquisition

Karora Announces Record Quarterly Adjusted EBITDA of $23 Million and Record Low AISC of US$1,044 per ounce Since HGO Acquisition

Karora will host a call/webcast on November 12, 2020 at 10:00 a.m. (Eastern Time) to discuss the third quarter results. North American callers please dial: 1-888-231-8191, international callers please dial: (+1) 647-427-7450. For the webcast of this event click  (replay access information below). TORONTO, Nov. 12, 2020 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce its...

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Karora Provides Update on 2020 Drilling Program and Announces New Regional Mining Strategy for Higginsville Area

Karora Provides Update on 2020 Drilling Program and Announces New Regional Mining Strategy for Higginsville Area

Highlights: Recent drilling has extended both near-surface supergene and primary high grade mineralization at the Aquarius Project, outlining a potentially economic starter pit ahead of mining higher grades undergroundSupergene mineralization1KAQRC039:    43.5 g/t over 3.0 metresKAQRC015:    5.7 g/t over 6.0 metres, including 14.6g/t over 2.0 metresPrimary mineralization1 KAQRC032:    4.7 g/t over 3.5 metresKAQRC048:    4.0 g/t over 9.1 m,...

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Karora Resources Announces New Coarse Gold Occurrence at Beta Hunt Providing Further Support of Coarse Gold Geological Model

Karora Resources Announces New Coarse Gold Occurrence at Beta Hunt Providing Further Support of Coarse Gold Geological Model

Highlights: Development in the A Zone shear has intersected an estimated1 2,000 ounces of coarse gold, supporting the existing Beta Hunt Coarse Gold Geological ModelThe existing Beta Hunt Coarse Gold model has been supported in a number of development headings in A Zone and Western Flanks TORONTO, Nov. 2, 2020 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is...

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Karora Generates Strong Third Quarter Free Cash Flow With Gold Production of 24,717 Ounces Boosting Quarter End Cash Balance by 34% to $67 Million

Karora Generates Strong Third Quarter Free Cash Flow With Gold Production of 24,717 Ounces Boosting Quarter End Cash Balance by 34% to $67 Million

TORONTO, Oct. 14, 2020 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce another strong quarter, with consolidated gold production of 24,717 gold ounces during Q3 2020 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales for the quarter were 22,912 ounces. The difference in ounces sold vs. produced was due to...

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