Krakatoa Resources Receives DGPR results Reinforcing Au-Cu Prospects at Bell Valley, Stock up by ~10%

  • Jul 24, 2020 AEST
  • Team Kalkine

Krakatoa Resources Limited (ASX:KTA) has received results from its recent DGPR survey across the Bell Valley Target in the Belgravia Project.  Survey identified several critical anomalies associated with and proximal to previously announced interpreted porphyry-related targets.

  • Confirm the previously announced Bella, Lara 1 and 2 anomalies
  • Generated a new zone in the southwest, the most proximate target to Copper Hill
  • Multiple DGPR anomalies are open to the north and south

Moving ahead, KTA looks forward to completing an induced polarisation (IP) survey to locate zones of sulphide mineralisation as detected by DGPR at Bella and the Lara’s. Moreover, the focus of the IP at these prospects shall be on the future diamond drilling.

Following the announcement, KTA stock was noted at $0.110, up by 10%, at AEST 11:44 AM.


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