Krakatoa Resources (ASX:KTA) reports multiple zones of visual antimony mineralisation from initial drilling at its Zopkhito Antimony-Gold Project in Georgia.
The company has completed two surface diamond drill holes and four underground holes targeting known antimony and gold mineralised veins within historical underground workings.
Initial drilling identified a 2.86m interval of antimony mineralisation in one drill hole, including a 60cm zone of massive quartz and stibnite with visual estimates suggesting around 50% stibnite.
The same hole also intersected a 44cm interval of quartz breccia containing coarse visible stibnite mineralisation, with estimates suggesting approximately 25% stibnite.
Assays remain pending for these intervals.
CEO Mark Major says initial 2026 drilling confirms the historical vein models and demonstrates the continuity of the enriched antimony mineralisation at Zopkhito.
“We are systematically working the veins, with each hole providing valuable information to improve our understanding of the mineralised system and supporting the delivery of a maiden JORC-compliant mineral resource estimate,” Major says.
Surface drilling in one drill hole and underground drilling in another both intersected visible stibnite mineralisation hosted within quartz and quartz breccia.
Located in the Racha region, the Zopkhito Project covers 1,779 hectares under a mining licence valid until March 2042. Krakatoa holds an exclusive option to acquire up to 80% interest in the project.
Zopkhito currently hosts a foreign resource estimate of 225,000 tonnes @ 11.6% antimony (Sb) for 26,000 tonnes of contained Sb, alongside 7.1 million tonnes @ 3.7 grams per tonne for 815,119 ounces of gold.
The current drill program aims to integrate historical datasets with targeted new geological data to validate ‘high-grade’ results, expand drilling coverage, and support conversion of the foreign resource to a maiden JORC-compliant mineral resource estimate.
Krakatoa intends to commence underground panel and bulk sampling in the coming weeks, alongside metallurgical test work, preliminary mining studies, and environmental baseline permitting.
The company expects a steady sequence of operational updates and assay results through 2026 as it advances the project.
Krakatoa Resources is an explorer and developer focused on critical minerals, precious metals, and electrical energy resources, with its flagship asset the Zopkhito Antimony-Gold Project in eastern Europe and a portfolio of specialty metals and rare earth projects across Western Australia.
Write to Paula Fabe at Mining.com.au
Images: Krakatoa Resources
