{"id":735,"date":"2023-10-31T04:17:04","date_gmt":"2023-10-31T04:17:04","guid":{"rendered":"https:\/\/economicherald.net\/?p=735"},"modified":"2023-10-31T04:17:04","modified_gmt":"2023-10-31T04:17:04","slug":"krakatoa-launches-into-highly-anticipated-drilling-at-king-tambas-1-3km-long-lithium-corridor","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=735","title":{"rendered":"Krakatoa launches into highly anticipated drilling at King Tamba\u2019s 1.3km-long lithium corridor"},"content":{"rendered":"

Grades of up to 4.3% Li from rock chip samples are targeted for RC drilling
\nDrilling will be conducted across the Wilsons, Loader and MGM prospects
\n12-15 RC holes will be drilled as part of the campaign<\/p>\n

\u00a0<\/p>\n

After identifying an extended 1.3km-long mineralised corridor at its King Tamba project in WA\u2019s Mid West, Krakatoa Resources has wasted no time in getting the drill bit out to prove up a lithium resource.\u00a0 <\/strong><\/p>\n

The 42km2 King Tamba project, 80km northwest of Mount Magnet, is within the Dalgaranga greenstone belt that\u2019s known for enriched gold, zinc, base metals lithium and rare earth deposits related to pegmatites.<\/p>\n

After it defined a maiden resource of 5Mt grading 0.14% rubidium with lithium credits in March this year, further exploration is realising the prospective lithium potential within the project area after rock chip sampling returned >1% Li and up to 186 parts per million (ppm) gallium.<\/p>\n

Little-known gallium has been in the headlines lately after China announced export controls on the element and its cousin germanium \u2013 both used in semiconductors and high-technology equipment in a range of industries.<\/p>\n

\u00a0<\/p>\n

Lithium potential<\/strong><\/h2>\n

However, it\u2019s the lithium that has recently caught KTA\u2019s eye, after defining a 1.3km-long by 500m-wide mineralised zone including at the Wilsons prospect where 250m of continuous outcrop has been identified with results of up to 4.3% Li2O, 1.7% rubidium and 0.5% caesium.<\/p>\n

\u201cWe are delighted to be drilling these high grade lithium zones. Its an exciting time for our shareholders to see what may be lurking sub surface.\u201d executive chair Colin Locke told\u00a0Stockhead<\/em><\/p>\n

By August, Krakatoa Resources (ASX:KTA)<\/strong><\/a> had collected hundreds of soil samples across the tenement and submitted a program of works in preparation for drilling while it continued mapping targets.<\/p>\n

The Wilsons prospect at the King Tamba project. Pic supplied: (KTA)<\/p>\n

The RC 1,200m drill program across 12-15 holes is targeting the Wilsons, Loader and MGM prospects and KTA expects these to be completed within the next 10 days.<\/p>\n

All three prospects have previously returned high grade lithium rock chip results. Drill samples will be taken and submitted to a laboratory in Perth. Results will be reported when received.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Krakatoa Resources, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

\u00a0<\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Krakatoa launches into highly anticipated drilling at King Tamba\u2019s 1.3km-long lithium corridor<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Grades of up to 4.3% Li from rock chip samples are targeted for RC drilling Drilling will be conducted across the Wilsons, Loader and MGM [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":736,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nKrakatoa launches into highly anticipated drilling at King Tamba\u2019s 1.3km-long lithium corridor - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=735\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Krakatoa launches into highly anticipated drilling at King Tamba\u2019s 1.3km-long lithium corridor - 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