Krakatoa Resources Enhances Zopkhito Antimony-Gold Project with Promising Drilling Results
Krakatoa Resources Ltd has confirmed high-grade gold and antimony mineralization at its Zopkhito Project in Georgia, supporting exploration plans. A revised funding structure aims to bolster drilling activities and optimize resource development.
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Krakatoa Resources Ltd has achieved significant results from its Phase 1 drilling campaign at the Zopkhito Antimony-Gold Project, confirming high-grade mineralization with notable intersections including 8 meters at 14.1 g/t gold. The project boasts a foreign resource estimate of 7.1Mt at 3.7 g/t gold, totaling over 815,000 ounces, and 225,000 tonnes at 11.6% antimony.
The company restructured its option agreement to a staged earn-in model, allowing up to 80% ownership while focusing on exploration funding. Plans for 2026 include resource definition drilling and metallurgical optimization. With a cash position of $1.03 million and a commitment of US$1.6 million to the project, Krakatoa is advancing its potential as a European source of critical metals.
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