Krakatoa Resources (ASX:KTA) has accelerated drilling at its Zopkhito Antimony-Gold Project in Georgia, with two rigs now running at full capacity as the company advances toward defining a maiden JORC-compliant resource.
The expanded campaign follows the first phase of diamond drilling which intersected multiple zones of antimony and gold mineralisation.
In a statement, Krakatoa said the program aims to test both near-surface extensions and deeper feeder structures identified through recent mapping and geophysics.
The second phase of drilling will comprise about 3,000m across 15 holes, designed to infill and step out from high-grade intercepts returned earlier in the year.
Additionally, the company is preparing for underground channel sampling within historic mine workings to gain a more detailed understanding of the geometry and grade continuity of the mineralised lodes within the site.
CEO Mark Major said the increased activity reflected Krakatoa’s confidence in the scale of Zopkhito’s mineral potential.
“Running two rigs continuously will fast-track our understanding of this high-grade system,” he said.
“Zopkhito is shaping up as one of the more significant antimony-gold opportunities outside China and Russia.”
Located some 250km west of Georgia’s capital, Tbilisi, the Zopkhito mine historically operated between 1950 and 1990.
The mine is one of several known deposits along the country’s Lesser Caucasus belt – region recognised for hosting critical and precious metal mineralisation.
Krakatoa said it remains well-funded to continue exploration at Zopkhito, supported by recent capital raisings and government interest in strategic resource development within Georgia.
Write to Dan Petrie at Mining.com.au
Images: Krakatoa Resources
