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

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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