Karora Resources Inc revealed new drill results from Lake Cowan on its Higginsville operation that returned strong gold results and two new major shear zones.
Drilling along the Sleuth trend near the Baloo open pit mine returned intersections of 21.1 grams per ton (g/t) over three metres, including 54.9 g/t over one metre.
Another hole returned 9 g/t over 0.75 metres, according to the Canadian miner.
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The results support the delineation of a five-kilometre mineralized trend between Baloo and an area known as Monsoon, the company said.
As well, two shear zones that run around 20 kilometres in length have potential for primary gold mineralization at Lake Cowan, Karora told shareholders, which added that drilling confirmed and built on previously reported anomalies.
Karora CEO Paul Huet told investors that the drill results demonstrate why the firm is excited about the potential of the large and underexplored area.
“Geochemical analysis work completed on the Stage Two aircore drill holes has reinforced the presence of mineralization along five kilometres of the Sleuth trend between our Baloo open pit mine and the Monsoon project,” Huet said in a statement.
Commenting on the newly identified gold mineralized trends, Huet said that the two shears run sub-parallel to the Zuleika and Boulder Lefroy regional shear zones that have hosted many major deposits in the Kalgoorlie region.
“I am looking forward to furthering early stage work on these two new exciting prospect areas,” the CEO added.
“Overall, we are pleased with the outcome of the broader regional work completed at Higginsville to date during 2021, which has been successful in its goal of identifying new targets across a very large, underexplored area. Given the potential of the region, we are excited to continue to assess these new areas."
CSA Global is getting set to deliver the results of the firm’s Sleuth trend study, commissioned in July 2021, by the end of 3Q.
The Higginsville operation is located in Western Australia.
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