Krakatoa Resources ups the ante on King Tamba with aggressive new drilling
November 29, 2023 at 12:16 am IST
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Krakatoa Resources Ltd (ASX:KTA) chairman Colin Locke tells Proactive the company has significantly expanded exploration at the wholly-owned King Tamba Project in Western Australia by way of a further 6,000 metres of reverse circulation (RC) drilling. KTA recently completed 1,800 metres of RC drilling to test the extent of high-grade lithium in soil anomalies across the Wilsons, Loader and MGM prospects. Thirteen out of the 16 holes drilled intersected thick, continuous pegmatites from 70 metres deep, including a flat-lying blind pegmatite up to 39 metres thick underneath the 4.3% Li2O rock chip at Wilsons prospect.
“Previous drilling covered a mere fraction of the 3-kilometre LCT corridor,” Locke said. “It’s time to take an aggressive approach and carry out comprehensive drill testing of the high-grade anomalous soil zone.”
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Krakatoa Resources Limited is an Australia-based company that is engaged in the mineral exploration and evaluation of acquisition opportunities. Its projects include Belgravia Porphyry Project, Turon Gold Project, Rand Gold Project, Mt Clere Rare Earth Project, King Tamba Speciality Metals Project, and Mac Well Project. The 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 (NSW), Australia. The Turon Gold Project covers 120 km2 and is positioned approximately 50 kilometers (km) east of the Companyâs Belgravia Project and 60 km 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, NSW. The Mt Clere Rare Earth Project is located approximately 200 km northwest of Meekatharra.