-1200x645-800x430.jpg)
- Multiple zones of significant visual antimony in initial surface diamond drill holes
- Two diamond drill holes from surface and four underground holes completed
- Drilling targeting known antimony and gold mineralised veins in historical underground workings
- 2026 exploration program designed to create JORC MRE
Krakatoa Resources (ASX:KTA) has made multiple antimony sightings in early stages of drilling at the Zopkhito project, located in Georgia, eastern Europe.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
CEO, Mark Major, said initial drilling has identified a 2.86m interval of antimony mineralisation, with a 60cm zone of massive quartz and stibnite (antimony) with visual estimates suggesting around 50% stibnite.
“It fantastic to see the initial 2026 drilling confirming the historical vein models and demonstrating the continuity of the enriched antimony mineralisation at Zopkhito,” he said.
“We are systematically working the veins, with each hole providing valuable information to improve our understanding of the mineralised system and supporting the delivery of a maiden JORC-compliant mineral resource estimate.
“Further work is being planned as we step up activities at site and we are looking forward to a very busy year and maintaining strong news flow.”
The Zopkhito antimony-gold project covers an area of 1,779 hectares and is held under an existing mining license valid until March 2042. Krakatoa holds an exclusive option to acquire up to 80% interest in the project.
Zopkhito currently hosts a foreign resource estimate of 225,000 tonnes (Kt) at 11.6% antimony for a contained 26,000 tonnes of antimony and 7.1 million tonnes (Mt) at 3.7 grams per tonne (g/t) for 815,119 ounces of gold.
Mr Major told shareholders the project benefits from extensive historical exploration, including underground exploration adits, extensive historical geochemical samples.
In its current program the company has completed two diamond drill holes and four underground in-adit core sampling holes.
The company is now planning to undertake additional metallurgical optimisation test work and preliminary mining studies as part of its broader development strategy for Zopkhito.
This may include an additional adit bulk sampling program.
Environmental baseline studies and permitting activities continue concurrently, to provide further support for future project advancement.
KTA was up 9.09% to 0.6c. Mkt cap $6.667M.
Join the discussion: See what HotCopper users are saying about Krakatoa Resources and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.