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Karora Reports Strong Lake Cowan Drilling Success with Intersection of 21.1 g/t Gold Over 3 Metres Along the Sleuth Trend and the Delineation of Two New Major Shear Zones

Karora Resources Inc.

Highlights:

  • Early stage RC and diamond drilling at Monsoon returned very strong gold results supporting delineation of a 5 kilometre mineralized trend between Monsoon and Baloo. Significant intersections include:
    • KPBR0104: 21.1 g/t over 3 metres including 54.9 g/t over 1.0 metre located 1 kilometre south along strike from previously announced aircore result of 1.35 g/t over 50 metres.
    • KPBD0364: 9.0 g/t over 0.75 metres
      1. Tables showing complete results and drill holes can be found at the end of this news release.
  • Two new major shear zones, approximately 20km in length, with potential for primary gold mineralization identified at Lake Cowan
    • Two new shear zones run parallel to the major Zuleika and Boulder Lefroy regional Shear Zones which are host to major gold deposits including Golden Mile (+60M oz) and Kundana mining centre (+5M oz)
  • The Lake Cowan scout (lake aircore) drilling confirmed and built upon previously reported anomalies (+0.02g/t gold) while continuing to deliver new drill targets.
    • ​​​​​​​Whole rock geochemistry work completed on aircore drilling has resulted in both support of existing deposits and possible bedrock extensions.

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