A maiden air core drilling program has been completed by Krakaota Resources at its Belgravia Project 7km east of Molong and 20km NW of Orange in New South Wales. A total of 128 holes were conducted for 2358m, but also expanded high resolution aeromagnetic survey of the Project was completed as well.
In a release to market by Krakatoa, the following revealed some results of the program. “As part of the drilling program the presence of (high potassium) shoshonitic intrusive and volcanic rocks which are more widely distributed than previously believed. Alkaline rocks have been established as being closely related to certain times of gold and base metal deposit.”
Further details were released on the aeromagnetic survey as well. “The aeromagnetic survey was completed across the Sugarloaf Creek, Guanna Hill, Shades Creek, Nandillyan and Strathmore target areas. The survey will highlight possible intrusive bodies, porphyry style alteration and potential mineralising structures.”
Krakatoa’s Belgravia project is part of the East Lachlan Fold Belt and has targets for porphyry Cu-Au and associated skarn Cu Au. It is part of the largest porphyry province in Australia.
With assistance – Krakatoa Resources.