Krakatoa Resources drilling ‘Father Christmas' pegmatite at King Tamba
December 05, 2023 at 03:16 pm EST
Share
(via NewsDirect)
Krakatoa Resources Ltd (ASX:KTA) chairman Colin Locke tells Proactive the company has started phase 2 drilling, consisting of a 6,000-metre reverse circulation (RC) drill program of 45-50 holes, on its 100%-owned King Tamba project in Western Australia. On November 24, the company significantly expanded its exploration campaign at King Tamba after completing 1,800 metres of RC drilling to test the extent of high-grade lithium in soil anomalies across the Wilsons, Loader and MGM prospects. Phase 1 drilling recently identified a continuous thick pegmatite of up to 39 metres below a series of high-grade rock chips of up to 4.3% Li2O.
The company said the 6,000-metre reverse circulation drill program of 45-50 holes had been designed to test the full extent of the high-grade lithium in soil anomalies within a 0.5 x 1.3-kilometre halo.
The drilling is expected to be completed over the course of December 2023 and January 2024 with a small break to be taken during the festive season.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Krakatoa Resources Limited is an Australia-based company, which is engaged in the mineral exploration and evaluation of acquisition opportunities. Its projects include Mt Clere Rare Earth Project, King Tamba Speciality Metals Project, Belgravia Porphyry Project, Turon Gold Project, Rand Gold Project and Mac Well Project. The Mt Clere Rare Earth Project is located approximately 200 kilometers (km) northwest of Meekatharra. Belgravia Porphyry Project is located in the central division of the Molong Volcanic Belt (MVB) and covers an area of over 80 square kilometers (km2) located in the tier 1 mining jurisdiction of the Lachlan Fold Belt, New South Wales, Australia. The Turon Project covers 120 km2 and is positioned approximately 50km east of the Companyâs Belgravia Project and 60km northeast of Newcrest Miningâs Cadia Valley Mine in the central tableland region, NSW. The Rand Gold Project covers a substantial area of 580 km2 in the Central Lachlan Fold Belt, New South Wales.