Krakatoa Resources Ltd (ASX:KTA) has the reverse circulation (RC) drill spinning targeting sulphide conductors at the 100%-owned Mt Clere Project in the north-western margins of Yilgarn Craton, Western Australia.
This program will comprise six to eight holes for around 3,000 metres with nickel, copper, cobalt and platinum group elements (PGE) sulphides targeted.
Multiple, highly prospective late-time conductors, identified through a combination of airborne and ground EM surveys, and geochemical and geological data, will be tested.
Drilling “adds to excitement”
Krakatoa CEO Mark Major said: “We are very excited to have commenced this program and look forward to better understanding the geology of this system.
"We are explorers and as such drilling robust late-time EM conductors along magnetic lineaments adds to the excitement.
"Like all explorers, we are hoping for the right sulphide minerals in this emerging province.”
Map of Southern Cluster AEM targets showing MLEM lines over TMI magnetics.
Priority targets
Six conductors have been identified with >8,000 siemens and the priority targets are the Milly Milly and North Bullbadger east plates.
The drilling will begin at these conductors where readings of up to 10,000-plus Siemens were recorded through previously completed airborne and ground EM surveys.
At Milly Milly, the NS and EW targets recorded >10,000 Siemens and the N1/N2 targets around 3,000 Siemens.
The S1a & S1b targets at North Bullbadger recorded >8,000 Siemens and the LS1 & SE targets around 4,000 Siemens.
“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 program,” Major added.