Krakatoa Resources said that it has started drilling at its 100% owned Rand Gold Project in southern New South Wales, Australia.

The current exploration program will focus on an under-explored part of the well-endowed Lachlan Fold Belt on an area spanning 580km2, located nearly 60km NNW of Albury.

Mark Major – Krakatoa Resources CEO, commenting on the Rand Gold Project, said: “The auger drilling has been completed over the historical Bulgandry Goldfields and a proportion of the geochemical samples are now at selected laboratories undergoing initial orientation test work. We look forward to reporting the full results of this survey.

“The KTA NSW field team are now focussed on the AC and RC drilling which has commenced and is expected to be complete by mid-April.

“The AC survey will cover the recently discovered geophysical bullseye targets where historical drilling revealed promising gold mineralisation.”

According to Krakatoa Resources, the air-core program (AC program) will see the drilling of nearly 40 holes totaling a projected 2,500 metres of AC drilling.

The holes will evaluate three discrete bullseye magnetic features along with areas showing anomalous resistivity highs and, partly, chargeability highs that coincide with the magnetic features, said Krakatoa Resources.

  Australia, Gold mining news, Krakatoa Resources, Mark Major, New South Wales