Junior gold explorer, Krakatoa Resources Limited (ASX:KTA) announced that it has received encouraging results from the historical RAB drilling conducted to the north of the Quartz Ridge Mine which is located within Turon Project of KTA.
Several highly anomalous gold intercepts were identified through the shallow RAB drill program with results up to 10m @ 1.64g/t gold from the surface to end of hole and the significant results remain untested by any subsequent exploration.
KTA stock was up by 25% at AEST 12:55 PM and was noted at a price of $0.040.
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