Krakatoa Resources finds shallow nuggety gold system at Turon Gold Project in NSW
Six diamond holes have been completed totalling about 1,295 metres and multiple zones of quartz veining with associated mineralisation was intersected.
Company
ASX:KTA
Krakatoa Resources Ltd is advancing the world class Zopkhito high-grade antimony and gold project in Georgia, while actively exploring for other critical and precious metals in Western Australia and NSW, Australia. The company's mission is to discover, explore and develop high value critical metal projects to be a prominent critical and precious metal producer.
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Six diamond holes have been completed totalling about 1,295 metres and multiple zones of quartz veining with associated mineralisation was intersected.
The exploration project is in the East Lachlan province, a tier-one mining jurisdiction which constitutes the largest porphyry province in Australia, and hosts about 59 million ounces of gold as part of the Macquarie Arc.
The company increased its landholding at the Mt Clere Rare Earth Project from 403 to 556 square kilometres.