Laconia Resources Limited provided an update on the company's maiden drill program that is currently underway on the 100% owned Kraaipan Gold-Nickel- Copper-PGM Project in southern Botswana. The diamond-core drill hole planned to intersect the EM anomaly at exploration target KB01 has intersected approximately 10 metres of disseminated to semi-massive sulphides near the depth of the EM plate used to model this anomaly. This zone of sulphides is similar in appearance to the sulphide zones intersected in the holes drilled to test the KB04 and KB05 EM exploration targets but has a greater concentration of sulphides. The mineralisation intersected in all the diamond-core drill holes appears to be of a similar style to some of the historic drilling intersections in the south of the Kraaipan Project and therefore, may also contain gold mineralisation, as well as PGM's due to its spatial association with highly magnetic, gabbroic, mafic intrusives. Assay results for this drill hole are expected around mid-February 2018. Laconia is continuing its maiden drill program on the Kraaipan Gold-Nickel-Copper-PGM Project. The diamond-core drilling part of the program has been completed but several geochemical anomaly targets are still to be tested with RC drilling. The next geochemical exploration targets to be RC drilled are CEN003 and CEN004. Exploration targets CEN003 and CEN004 are both a gold anomalous zones of approximately 700 and 600 metres respectively. These gold anomalous zones are interpreted to be hosted within greenstone rocks that are proximal to a major east-west shear zone that could have been a conduit for gold enriched mineralising fluids.