Traka Resources (ASX:TKL) discovers more high-grade gold at the Mt Cattlin project – The Market Herald

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  • Traka Resources (TKL) has received another round of “encouraging” drilling results on its Mt Cattlin project, intercepting high-grade gold and copper
  • Results come from December 2021 drilling on the gold-copper project, located in the Ravensthorpe greenstone belt in southwest WA
  • The company says the results continue to highlight the project’s potential to host significant mineralization across multiple targets.
  • Assays include 1 meter at 18.9 grams per tonne (g/t) gold and 7 meters at 5.91 g/t gold, 1.56% copper from 86 meters downhole, including 1 meter at 8.96 g/t gold and 1.56% Cu and 1 meter at 14 g/t gold and 2.33% copper
  • Traka Resources opened the day in gray at 1.1 cents

Traka Resources (TKL) has received another round of “encouraging” drilling results at its Mt Cattlin project in Western Australia, which continues to intercept high-grade gold and copper.

The results come from drilling in December 2021 on the gold-copper project, located in the Ravensthorpe greenstone belt in southwest WA, immediately adjacent to the Mt. Cattlin lithium mine.

The results continue to highlight the potential of the Mt. Cattlin Project to host significant mineralization across multiple targets, according to the company.

The latest analyzes provide a solid basis for the exploration underway this year.

Drilling was carried out at the Revival, Maori Prince, Maori Chief and Revelation prospects, all of which are hosted within a large porphyry intrusive complex.

At Revival, drilling near historic, small and shallow prospector pits intersected
Intrusive high grade gold and copper mineralization in a 50 meter wide zone.

Revival assays include 1 meter at 18.9 grams per tonne (g/t) gold and 7 meters at 5.91 g/t gold, 1.56% copper from 86 meters downhole hole, including 1 meter at 8.96 g/t gold and 1.56% Cu and 1 meter at 14 g/t gold and 2.33% copper.

At Maori Prince and Maori Chief, drilling was tested around old high-grade intersections of
gold.

At Maori Prince and Maori Chief, drilling was tested around the previous high-grade intersections of 4 meter at 20.4 g/t gold including 1 meter at 79 g/t gold in RAGC056 (Maori Prince) and 4 meter at 2.35 g/t including 2 meter at 4.16 g/t gold (Maori chief)

Drilling results at Revelation have confirmed that mineralization extends into the main body
of the intrusive and to the northeast of the previous intersections associated with the networks
stringer sulphides and DHEM anomalies.

Subsequent deeper drilling from Traka to Revival and other targets such as Ellendale continue to demonstrate the potential for deeper mineralization which has not been sufficiently tested by historical drilling.

At Revelation, an additional hole drilled into a previously defined 400m long mineralized intrusion returned a maximum intersection of 1 meter at 0.6 g/t gold, 5.32 g/t Ag and 0.60% copper from a downhole of 178 meters

“Although it is still very early, each new set of assay results provides us with a clearer understanding of the geology and structural controls of Mount Cattlin mineralization, with much encouragement that we have the potential to define. a large-scale mineralized intrusive system,” said Patrick Verbeek, Managing Director of Traka.

“These latest results confirm and extend the mineralization of the Revival, Maori Prince and Revelation prospects, which we believe may be part of a large-scale porphyry intrusive complex.

“We still have a large number of assay results to receive from the last round of drilling, so once these results have been received and collated, we will then begin planning the next steps in our exploration program.”

Traka Resources opened the day in gray at 1.1 cents at 10:45 a.m. AEDT.

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