Laconia Resources Limited announced that a 3km long and up to 150m wide area of gold anomalism has been identified associated with Electromagnetic (`EM') Target KB05 from the assay results of soil samples taken in the central sector of its 100% owned Kraaipan Gold-Nickel-Copper-PGM Project in southern Botswana. Adding to the prospectivity of this area, is the fact that the gold anomaly and the KB05 EM anomaly target coincide along a north-south trending, Banded Iron Formation (BIF) rock unit, which is the most common host rock for gold mineralised veins in this terrane. Also, a second, 4kms long and up to 200m wide area of gold anomalism (2km south of KB05) has also been identified from the assay results of soil samples taken in the central sector of the Kraaipan Gold- Nickel-Copper-PGM Project. This gold anomaly is interpreted to coincide with a fold hinge in the BIF rocks (thickened area of prospective host rocks) and is also considered a highly prospective target. Laconia will follow up this gold anomalism with shallow drilling in November-December 2017 to determine the primary source of gold. The soil geochemical assay results for the central sector of the Kraaipan Gold-Nickel-Copper-PGM Project have been received and interpreted. All assay results greater than the 95th percentile were deemed anomalous and results were plotted spatially. When the gold assay results were plotted, two of the gold anomalous zones identified were interpreted to be the most prospective mainly due to their direct spatial association with interpreted Banded Iron Formation (BIF) rocks. The reason the spatial association with the BIF rocks is interpreted to significantly increase the prospectivity of these areas is that these rocks are the most common host rock for gold mineralised veins within this terrane. The first gold anomaly is 3km long and up to 150m wide, spatially associated with a north-south trending BIF rock unit and where the BIF and the gold anomaly coincide is Electromagnetic (`EM') Target KB05. The reason this is considered significant is that some BIF hosted gold deposits associated with pyrrhotite/pyrite alteration (i.e. Hill 50, Westralia, Bounty) are locally represented by electromagnetic anomalies such as KB05.