Krakatoa Resources Limited (ASX: KTA), an emerging Lachlan Fold Belt explorer, has appointed renowned local drilling contractor, Durock Drilling Pty Ltd on the Company’s Bell Valley Target Area, which comprises three porphyry prospects: Bella, Lara 1 and Lara 2.
- The drill program includes 127 Aircore holes over parts of the Copper Hill and Larras Lee Igneous Complexes;
- The company has also made application through the NSW Government’s New Frontiers Cooperative Drilling program to receive co-funding for a 600m diamond drill hole at Belgravia.
At AEST 12:47PM, the stock was trading at $0.033 per share, down by 2.941% from its previous close.
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