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Karora Announces High Grade Nickel Results from the 50C Nickel Trough at Beta Hunt with Intersections of 5.3% Nickel over 2.2 metres and 4.0% Nickel over 3.5 metres, Extending the Zone to over 80 metres in Width

Karora Resources Inc.

Highlights:

  • Follow-up drilling on the 50C Nickel Trough discovery has defined a nickel mineralized zone of up to 80 metres in width and a strike length now extending over 150 metres and remaining open to the southeast along a potential 2.6 kilometres of strike length.
  • Recent drilling up-dip from the previously reported high grade 50C discovery (11.6% Ni over 4.6 metres (downhole) in drill hole G50-22-005E) intersected high grade nickel mineralization, including intersections1 of:
  • G50-22-006NE: 4.0% Ni over 3.5 metres1
  • G55-22-001NE: 5.3% Ni over 2.2 metres1

Assays are pending on a further 16 holes.

  • These results further support the 50C nickel trough as having similar mineralization to the historic Beta Zone which has to date produced in excess of 32,000 tonnes of nickel metal at an average grade of 2.6% Ni.
  1. Downhole intervals. True widths cannot be determined with currently available information.

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