Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) continues to observe positive results at its Beta Hunt underground gold mine in Western Australia.
On Monday, the Toronto-based gold producer announced that it had intersected 9.5 grams per tonne over 7.1 metres at the Western Flanks zone of the site.
Between the beginning of October and mid-December last year, 37 holes were drilled at Beta Hunt for a total of 9,152 metres.
Karora Resources Drills 9.5 G/T Over 7.1 Metres At Western Flanks Deeps And Extends Potential Mineralized Strike At New Mason Zone To 700 Metreshttps://t.co/TfLrp0nq7I
TSX: KRR | OTCQX: KRRGF#newsupdate #newsrelease #gold #development #mining #preciousmetals pic.twitter.com/TTPNpXwwRU
— Karora Resources (@KaroraRes) January 23, 2023
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“The new results reported from the Western Flanks deep drilling program continue to be very strong, demonstrating robust results from the southern section of the zone,” said Paul Andre Huet, CEO of Karora.
“These results build on the previously reported strong deep drilling results from the central section of Western Flanks and provide more confidence in the consistency of gold mineralization,” added Huet.
“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.”
Karora’s stock rose by 1.5 per cent today to $5.43 on the Toronto Stock Exchange.
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Calibre Mining (TSX: CXB) (OTCQX: CXBMF) is another Canadian gold producer that has been observing positive results from its assays and ongoing drill programs.
The company will soon be advancing a 38,400-metre drill program in Nevada focused primarily on promising new targets it has identified and the expansion of its known resources.
Calibre generated approximately 222,000 ounces of gold last year and was recently acknowledged by the investment banking firm Haywood Securities Inc. as being a worthwhile low-risk investment.
Calibre’s stock dropped by 2.68 per cent today to $1.09 on the TSX.
rowan@mugglehead.com
