- Mining company Krakatoa Resources (KTA) has commenced a deep ground penetrating radar (DGPR) survey at its Belgravia Project in New South Wales
- The ground survey aims to identify and map the subsurface over priority targets
- The survey is being completed by Loza Radar Australia
- On market close, Krakatoa Resources is up 6.67 per cent and is trading for 3.2 cents each
Mining company Krakatoa Resources (KTA) has commenced a deep ground penetrating radar (DGPR) survey at its Belgravia Project in New South Wales.
The ground survey aims to identify and map the subsurface, down to depths of 200 metres and provide evidence of favourable hosting environments.
The survey is being completed by Loza Radar Australia, and Krakatoa belives Loza’s technology will assist the company in its systematic exploration program.
The Belgravia Project is located in the central part of the Molong Volcanic Belt which forms part of the East Lachlan province. The East Lachlan region constitutes the largest porphyry province in Australia
“Lines of 500 metres to 1500 metres in length (approximately 20 line kilometres in total) will be surveyed at Belgravia,” the company told the market.
The survey will focus on the co-incident magnetic anomalies and geochemical halos recently found in the aircore drilling program.
The shallow aircore drill program consisted of 128 angled holes to an average depth of 18 metres, penetrating a 10-metre to 20-metre basalt slab.
Loza will also focus on the magnetic anomaly at Sugarloaf Creek where a rock chip assayed 5.19g/t of gold and 1.73 per cent copper.
On market close, Krakatoa Resources is up 6.67 per cent and is trading for 3.2 cents each.