Krakatoa Resources Limited’s (ASX: KTA) final preparations are near complete for a six to eight hole, ~3,000m Reverse Circulation (RC) drill programme at the Mt Clere Project in Western Australia.
The programme is targeting Ni, Cu, Co, and PGE sulphides on the upcoming basement sulphide drilling programme, at its 100% owned Mt Clere Project located in the north-western margins of the Yilgarn Craton of WA,
Drill rigs are being mobilized to site and Krakatoa expects the programme to commence next week.
The upcoming drill programme will initially target the highly prospective Milly Milly (MM) and North Bullbadger (NBB) conductors, where exceptional readings of up to 10,000 plus siemens (S) were recorded through previously completed airborne and ground EM surveys.
“We are very excited to commence our sulphide drill programme at Mt Clere and get the drill rigs spinning, with an initial focus on the highly exciting Milly Milly and North Bullbadger targets,” CEO, Mark Major, said.
“With recent PGE hits by Desert Metals nearby, the drilling of our late time EM conductors for basement sulphide targets, especially those over 4000S along edges of magnetic features, adds to the anticipation.
“We have recorded readings of over 10,000S at Milly Milly and over 8,000S at North Bullbadger. These types of targets share some similar traits to other discoveries such as Gonneville (Julimar) EM Conductor, discovered by Chalice Resources, and the Nova Bollinger EM conductor discovered by Sirius Resources.
“We have already experienced great success at Mt Clere through the discovery of our Tower Rare Earths Project and are now focused on achieving similar success through this upcoming drill programme.”
For further information please visit: https://www.ktaresources.com/
