- Traka Resources (TKL) reports results from drilling completed at its Plantagenet and Grafter prospects within its Mt Cattlin gold-copper project near Albany
- The company says five reverse circulation (RC)drill holes were completed at each of the prospects, with both sites intersecting mineralisation
- At Plantagenet, assays including four metres at 5.1 g/t gold and 0.39 g/t silver from 37 metres have been identified
- Meanwhile, RC drilling at Grafter returned assays including one metre at 2.94 g/t gold and 0.44 g/t silver from 59 metres
- The company says around half of the assay results from the RC and diamond drill hole program remain outstanding and are expected to be received throughout January 2022
- Shares have been up 15.4 per cent, trading at 1.5 cents
Traka Resources (TKL) has reported results from drilling at its Plantagenet and Grafter prospects within its Mt Cattlin gold-copper project near Albany in Western Australia.
The company says five reverse circulation (RC) drill holes were completed at each of the prospects, with both sites intersecting mineralisation.
The testing undertaken at Plantagenet was completed under shallow historic mine workings. Assays from the drilling include four metres at 5.1 g/t gold and 0.39 g/t silver from 37 metres.
The company says the high-grade gold intersected at Plantagenet occurs as discrete zones within wide, strongly anomalous copper mineralisation hosted in porphyritic intrusives rocks and basalt.
Meanwhile, RC drilling at Grafter returned assays including one metre at 2.94 g/t gold and 0.44 g/t silver from 59 metres. According to Traka, this drilling was the first-ever undertaken near the surface workings.
The company says around half of the assay results from the drilling program remain outstanding and are expected to be received throughout January 2022.
Traka’s Managing Director, Patrick Verbeek, said this is a very exciting way
to start the New Year.
“Building on the positive results reported from the Ellendale Prospect from just before Christmas, we now have some great new results from two key prospect areas,” he said.
“The standout assays come from Plantaganet, located at one end of a 1km long geochemical and structural anomaly which we now know hosts significant high-grade mineralisation.”
Shares were up 15.4 per cent trading at 1.5 cents 11.20 am AEDT.