Krakatoa Hits Gold and Copper Prospecting Jackpot

Krakatoa Resources Ltd. (AU:KTA) has released an update.

Krakatoa Resources Ltd. has reported striking copper and gold assay results at their Turon Project, with findings including rock-chip samples of up to 1.24g/t gold and 10.45% copper. The promising results from the project’s reconnaissance work, located near Bathurst and the high-grade Hill End Gold Mine, underscore the potential of the Turon tenement, previously thought to be primarily a source for lode gold. CEO Mark Major expresses optimism for the project’s prospects amidst rising copper demand and a bullish gold market.

For further insights into AU:KTA stock, check out TipRanks’ Stock Analysis page.