Krakatoa announces initial drilling results at Georgia’s Zopkhito Project
Yahoo Finance·2026-01-29 13:36

Core Insights - Krakatoa Resources has reported positive results from its initial drilling program at the Zopkhito Antimony-Gold Project in Georgia, confirming high-grade mineralization of antimony and gold beyond historical sampling areas [1][4] Drilling Results - The drilling program, conducted in late 2025, included 15 surface diamond holes and 18 short core sampling holes, with significant intersections of high-grade gold and antimony [1][2] - Notable results from surface drilling at DD25ZOP007 included an 8m interval with an average gold concentration of 14.1 grams per tonne (g/t), starting from 8m, and a 1.5m section with a higher concentration of 38.5g/t, beginning at 13m [2][3] - Drilling at DD25ZOP011 revealed a 7m section with an average of 3g/t of gold, starting from a depth of 66.86m, including a 1m interval with 15.9g/t of gold and 0.47% antimony [3] Strategic Importance - The Zopkhito Project is strategically significant as antimony is a critical mineral for energy storage and defense applications, with 90% of global supply controlled by China [5] - The project's location provides direct access to European markets, enhancing its commercial viability [5] Future Plans - Krakatoa Resources plans to continue exploration in 2026, which will include additional drilling and metallurgical test work to further assess the project's potential [6]

Krakatoa announces initial drilling results at Georgia’s Zopkhito Project - Reportify