Krakatoa Resources Commences Diamond Drilling at Turon Project, Stock Up by More Than 7%

1 min read | August 17, 2020 12:41 PM AEST | By Team Kalkine Media

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Krakatoa Resources Limited (ASX:KTA) has commenced a diamond drill program at its 100% owned Turon Project to test several exciting shallow gold targets situated within the Box Ridge and Quartz Ridge line of workings.

Various defined targets shall be tested through the program:

RAB drill hole results up to 10m @ 1.64g/t gold from the surface to end of the hole which never saw follow up activity at the Quartz Ridge Mine
Multiple high-grade rock chips up to 1,535g/t gold at the Dead Horse Reef Mine
DGPR anomalies at former gold producing Britannia Mine

The program is expected to continue for around four weeks, and KTA anticipates assays to follow a further 3-4 weeks later.

Post-announcement, KTA was up by 7.5% to $0.086 at AEST 11:45 AM.

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