Karora Resources Inc. is pleased to announce its participation in the upcoming Precious Metals Beaver Creek 2020 Virtual Conference to be held September 15-17, 2020 and the Denver Gold Forum 2020 Conference to be held September 20-23, 2020. Karora will present at the Precious Metals Beaver Creek Virtual Conference at 8:00 a.m. EDT on Thursday [...]
Highlights: "Larkin Gold Zone" – New broad, high-grade gold discovery south of Alpha Island Fault1.2.: BE30-003: 8.2 g/t over 3.9 m BE30-004: 3.3 g/t over 15.8 m BE30-007: 3.9 g/t over 11.0 m BE30-010: 15.3 g/t over 3.5 m BE30-011: 7.4 g/t over 8.9 m Wall Sample : 5.0 g/t over 14.4 m, including 22.7 g/t over 2.6 m "30C Nickel Trough" - First new [...]
Summary Underground drilling has identified a new gold footwall zone and high grade nickel intercepts at the northern end of the Western Flanks resource1. Significant gold intersections include: New Footwall Zone WFN-106exp: 4.6 g/t over 9.4 m WFN-115: 6.0 g/t over 5.3 m WFN-134: 2.4 g/t over 23.3 m, including 6.3 g/t over 6.0 m; WFN-131exp: 7.0 [...]
Karora Resources Inc. is pleased to announce it has closed the previously announced agreement with Maverix Metals Inc. to reduce the gold royalty at Karora's Beta Hunt mine, aligning both parties in unlocking the significant value at Beta Hunt for their respective shareholders. Maverix has agreed with Karora to reduce the royalty on Beta Hunt gold [...]
Karora will host a call/webcast on August 10, 2020 at 10:00 a.m. to discuss the second quarter results. North American callers please dial: 1-888-231-8191, international callers please dial: 647-427-7450. For the webcast of this event click [here] . Karora Resources Inc. is pleased to announce its financial results and review of activities for the three [...]
Karora Resources Inc. is pleased to announce that following an extensive due diligence period, it has closed the acquisition of the Spargos Reward Gold Project from Corona Resources Limited as originally announced on May 11, 2020. The Spargos Gold Project contains a historical JORC1 Mineral Resource Estimate of 112,000 oz indicated resource and [...]
Karora Resources Inc. is pleased to announce senior management will host a conference call / webcast on August 10, 2020 at 10:00 a.m. to discuss the corporation's second quarter 2020 results. The access information is provided below. Date: August 10, 2020 Time: 10:00 a.m. . North American callers please dial: 1-888-231-8191 Local and international [...]
Karora Resources Inc. is pleased to report, further to its news release dated July 22, 2020, the previously announced consolidation of the common shares in the capital of the Corporation will come into effect as of the open of trading on July 31, 2020 on the basis of one post-consolidation Common Share for every four and a half pre-consolidation [...]
Karora Resources Inc. is pleased to report that it has closed the previously announced agreement to sell its 28% interest in the Dumont Nickel Project to two private funds advised by Waterton Global Resource Management, Inc. . Karora has received $10.7 million in cash, comprised of $7.4 million from Waterton for its interest and a $3.3 million [...]
Karora Resources Inc. is pleased to announce it has reached an agreement to sell its 28% interest in the Dumont Nickel Project to two private funds advised by Waterton Global Resource Management, Inc. for total consideration of up to $48 million, subject to the terms and conditions of the sale agreement. At closing Karora will receive $10.7 [...]
Karora Resources Inc. is pleased to report that it has closed the previously announced subscription agreement with Eric Sprott and another institutional investor . Karora has issued a total of 36.5 million common shares at $0.506 per share, which is the same price per share that had been agreed with Maverix Metals Inc. . The proceeds of this share [...]
Karora Resources Inc. is pleased to announce another strong quarter with consolidated gold production of 24,078 gold ounces for the second quarter of 2020 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales for the second quarter were 23,185 ounces. The difference in ounces sold vs. produced was sold during the first week of [...]