Drill highlights include the 2020 discovery hole, which hit 101 metres of 1.3 g/t gold; and 102 metres of 2.1 g/t gold in a 100-metre step-out to the northwest.
As part of this transaction, all of the Karus common shares would be distributed to KORE shareholders on a pro-rata basis to their ownership in the parent company.
With first gold production expected later this month, the company will moving on to a full-scale ramp up of the mining and milling activities in the next quarter.
Berg includes a historic resource estimate of 397 million measured and indicated tonnes grading 0.44% copper-equivalent and 14 million inferred tonnes at 0.34 copper-equivalent.
