- Krakatoa Resources (KTA) releases interpreted results of the moving loop electromagnetic ground (MLEM) survey at its Mt Clere project in Western Australia
- The MLEM survey was undertaken over 15 of the high priority airborne VTEM AEM targets, with the initial survey focused on southern AEM cluster targets
- Exceptional anomalies are recorded at Milly-Milly (MM-1) and North Bullbadger (NBB-8)
- The company is currently undertaking the regulatory permitting and heritage clearance requirements which will allow Krakatoa to rapidly advance to drilling once complete
- Shares in Krakatoa hold steady at 7.5 cents as of 2:02 pm AEST
Krakatoa Resources (KTA) has released interpreted results of the moving loop electromagnetic ground (MLEM) survey at its Mt Clere project in the north-western margins of the Yilgarn Craton, Western Australia.
The MLEM survey was undertaken over 15 of the high priority airborne VTEM AEM targets, with the initial survey focused on southern AEM cluster targets being Milly-Milly, Bullbadger, North Bullbadger, Dingo and Calvin.
Data was collected from the ground survey over the southern priority anomalies during April 2022.
All data was collected using a moving in-loop configuration with a series of wider initial pass traverses being followed up with tighter infill traverses where required.
CEO Mark Major commented that the surveyed area is emerging and one which is attracting considerable attention.
“We recognised we had some great targets after flying the VTEM survey and now we have confirmed the true nature of these high calibre targets.
“Multiple targets have the potential to host significant massive sulphide mineralisation and we could be on the cusp of something significant for our shareholders.”
Exceptional anomalies were recorded at Milly-Milly (MM-1) and North Bullbadger (NBB-8).
The sources of the MLEM anomalies model in the high thousands of Siemens (typically greater than 8,000) with responses recorded well into the last channel of the 0.25 Hetrz (Hz) data.
The company is currently undertaking the regulatory permitting and heritage clearance requirements.
Once complete, Krakatoa will rapidly advance to drilling which is expected to be a combination of reverse circulation and diamond methods.
Shares in Krakatoa held steady at 7.5 cents as of 2:02 pm AEST.