Market Herald logo

Subscribe

Be the first with the news that moves the market
  • After taking a hiatus over the Christmas break, Traka Resources (TKL) recommenced drilling at the Mt Cattlin Gold Project on January 2nd
  • Drilling at the WA-based project includes 5000 metres of reverse circulation (RC) drilling and 500 metres of diamond drilling
  • The program is targeting some old mine sites and new geophysical targets that may indicate gold and copper mineralisation
  • If all goes to plan, the drilling program will be completed by the end of January
  • Additionally, Traka will start soil sampling and geological mapping and this is expected to be completed in February
  • Company shares are up 4.76 per cent and trading at 2.2 cents

After taking a hiatus over the Christmas break, Traka Resources (TKL) recommenced drilling at the Mt Cattlin Gold Project on January 2.

Drilling at the WA-based project includes 5000 metres of reverse circulation (RC) drilling and 500 metres of diamond drilling.

The program is targeting some of the old mine sites as well as new geophysical targets that were highlighted by induced polarisation (IP) and aeromagnetic surveys completed in October 2020. It seems these targets are indicative of gold and copper mineralisation associated with large shears and intrusive bodies.

If all goes to plan, the drilling program will be completed by the end of January.

Additionally, Traka has initiated a soil geochemical sampling and geological mapping program.

Sampling is targeting extensions to old soil geochemical anomalies and a better understanding of the bedrock.

Whereas the geological mapping program will establish the geological setting and scope for multiple gold mineralised positions at the project.

Traka expects sampling and mapping will progress through to February.

Company shares are up 4.76 per cent and trading at 2.2 cents at 3:02 pm AEDT.

TKL by the numbers
More From The Market Herald

" Southern Hemisphere (ASX:SUH) commences drill program at Llahuin and Colina2

Southern Hemisphere Mining (ASX:SUH) commences diamond drilling at its Llahuin copper-gold moly project and Colina2 gold…

" OzAurum Resources (ASX:OZM) hits shallow paleochannel gold at Mulgabbie North, WA

OzAurum Resources (ASX:OZM) has hit shallow high-grade gold at its Mulgabbie North project near Kalgoorlie in…

" Resource Mining Corporation (ASX:RMI) raises capital for Kabulanywele and seeks to clear debt

Resource Mining Corporation (ASX:RMC) undertakes capital raise to fund exploration at its Kabulanywele Nickel Project in…

" Indiana Resources (ASX:IDA) identifies new drill targets at Central Gawler

Indiana Resources (ASX:IDA) identifies new drill targets at its Central Gawler gold project in South Australia.