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Korab calms shareholder fears on Winchester gold

ASX-listed Korab Resources on Thursday told shareholders that the recent discovery of gold at its Winchester magnesite project, in the Northern Territory, might actually be beneficial to the project’s economics.

Earlier this month, Korab announced significant gold intercepts in two of its 88 reverse circulation holes that were drilled between 1999 and 2000 to estimate the current mineral resource for the Winchester project.