Karora Resources Inc has announced drill results from the 50C nickel trough at its Beta Hunt mine in Western Australia, which included 5.3% nickel over 2.2 metres (m) and 4.0% nickel over 3.5m.
The company said the results further support the 50C nickel trough as having similar mineralization to the historic Beta Zone, which has produced in excess of 32,000 tonnes of nickel metal at an average grade of 2.6% nickel.
“With each drill result, the nickel potential at Beta Hunt continues to build towards a very meaningful by-product contributor for Karora,” the company's CEO Paul Huet said in a statement.
READ: Karora Resources says Larkin zone extended to over 1,000m strike as it updates on Beta Hunt exploration
“We have now extended the width of nickel mineralization at the 50C discovery to over 80 metres along a strike length of 150 metres, remaining open along 2.6 kilometres of potential strike to the southeast,” Huet added.
Karora noted assay results for the 16 remaining holes are expected sometime in the fourth quarter this year.
The 50C nickel trough, which was discovered earlier this year, is located south of the Gamma Island Fault.
As well, the company said it anticipates that all nickel assay results from the first stage of drilling the Gamma Zone will be received before the end of 2021, in time to produce a revised nickel mineralization model to be completed during the first quarter of 2022.
It added that the revised model will form the basis of a follow-up drill program planned for the first half of 2022.
Karora Resources is now a "top tier" junior gold producer in Western Australia, having started its transformation - when known as RNC Minerals - with its purchase in 2019 of the Higginsville Gold Operations (HGO).
The company is focused on growing gold production and reducing costs at the integrated Beta Hunt gold mine and the Higginsville mine and its associated treatment facility.
At Beta Hunt, a robust gold mineral resource and reserve is hosted in multiple gold shears, with gold intersections along a four-kilometre strike length remaining open in multiple directions.
Contact Sean at sean@proactiveinvestors.com