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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone	5/24/2022 3:42:11 PM
	of 78405

I-80 Gold aka IAU has released the first results from this year's surface drill campaign aimed at the South Pacific Zone on their Granite Creek gold property in Nevada. This is one of the deposits that will be mined starting later this year after more drilling and a Resource Report. I get the feeling even IAU's geologists are pretty surprised at what they are finding in the SPZ. This time the headline results include 16.4 g/t Au over 15.3M -- this from the deepest hole yet drilled into the deposit -- and 11.2 g/t Au over 9.0M. The deposit remains open along strike and at depth, so the rest of the drilling will focus on extending the deposit in those directions. Message 33855542 In the wake of their latest quarterlies, rendering disappointing by Covid and inflation, Karora Resources aka KRR brings us some positive news with an update that covers two topics concerning their gold mining operations in Australia. First, we hear that the second decline at Beta Hunt has not only been permitted but that it is proceeding on cost and ahead of schedule. This new decline will allow KRR to implement their growth plans by doubling throughput at Beta Hunt once construction is complete, later this year or early next year. And we also get some promising drill results from the Western Flanks resource and nearby deposits. Strong intersections were drilled in Western Flanks itself and in the A Zone North and Fletcher, plus they have discovered yet another shear zone they have named Sorenson. For a complex that has been mined for decades, Beta Hunt has been very good at delivering new prospects both for gold and for nickel. Now we wait for more drilling results and Resource Reports while watching how KRR deals with the ongoing labour shortages and cost creep. Message 33855596

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