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Krakatoa Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Dalgaranga | |
| Location: | Australia | |
| Commodities: | Rubidium | |
| Date: | 10/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2017: Krakatoa Resources Ltd. announces an Exploration/Drilling Update report for its Dalgaranga deposit at the Dalgaranga project. Drilling results incl. 71m @ 1567.3ppm Rb from 66m. Krakatoa Resources Ltd (ASX: KTA) (“Krakatoa” or “Company”) is pl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jonathon King (Internal) | |
| ABSTRACT: | Krakatoa Resources Ltd (ASX: KTA) (“Krakatoa” or “Company”) is pleased to release the assay results from its maiden reverse circulation drill program at the Dalgaranga property located 70km northwest of Mount Magnet. The Dalgaranga property (P59/2082) is considered prospective for Tantalum, Lithium, Niobium and Rubidium. Dalgaranga was discovered by Dann Todd around 1961 and subsequently underwent small scale mining over many years, producing tantalum, beryl, tin and tungsten. Alluvial mining of tantalite has been mined throughout the project area. The Dalgaranga open pit is 200m long, 40m wide and up to 15m deep. Drilling sought the mineralised extensions immediately along strike and east of the open pit. The presence of Zinnwaldite and Lepidolite, both lithium-bearing micas, was recognised during field mapping and confirmed by assay in several rock chip sampling programmes completed in late 2016 and early to mid- 2017. The presence of anomalous rubidium in the mined waste rock was recoginsed in early 2017, suggesting the pegmatite body that occupied the bulk of the mined area as the likely source for the mineralisation. Further anomalous to high grade lithium and rubidium mineralisation was outlined in mid-2017. Until Krakatoa, the prospectivity for economic lithium and rubidium mineralisation was not considered at Dalgaranga. | |
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