Krakatoa Resources Ltd (ASX:KTA) chairman Colin Locke tells Proactive the Loader Prospect within the King Tamba Project in Western Australia continues to offer up surprises after rock chip assays showed up to 186 parts per million (ppm) gallium on top of further high-grade lithium strikes.
The latest assays from the third phase of rock sampling returned more than 100 parts per million (ppm) gallium in six rock samples gathered near the newly discovered prospect. Seven rock samples collected along a 130-metre strike, meanwhile, returned in excess of 1% lithium oxide (Li2O). Additionally, the results also indicated highly elevated niobium and tantalum, with peak assays of 0.27% tantalum oxide and 0.66% niobium oxide.
The company has begun preparations to undertake trenching over the anomalous areas and drill-testing the sub-surface lithium prospects of King Tamba.
A program of works approved by the WA Department of Mines is presently awaiting heritage approvals, while discussions with drilling contractors are, simultaneously, underway.
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Krakatoa Resources Ltd
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