Traka Resources Limited Announced that it has received further encouraging assay results from drilling completed in December 2021 on its 100%-owned Mt Cattlin Gold-Copper Project, located immediately adjacent to the Mt Cattlin lithium mine in the Ravensthorpe Greenstone Belt in the south-west of Western Australia. The results continue to highlight the excellent potential of the Mt Cattlin Project to host significant mineralisation across multiple targets, providing a strong foundation for ongoing exploration in 2022. The Revival Prospect: Four RC drill-holes were completed at Revival to test under old prospector-scale workings.

The workings are at the north-eastern end of a mineralised structure extending over 1km through the Ellendale and Plantagenet Prospects. Drilling tested the central portion of a 400m-long coincident aeromagnetic and gold-in-soil auger geochemical anomaly and coincident surface copper pXRF soil geochemical anomaly. The geochemical anomalism extends north-west for another 500m over the nearby Parramatta and Aragon Prospects.

The drilling delivered a peak intersection as summarized: 4m @ 5.53g/t Au including 1m @ 18.90 g/t Au, 1m @ 5.91g/t Ag and 0.98% Cu, and 1m @ 14g/t Ag and 2.33% Cu from 76m down hole. The holes intersected gold, copper and silver mineralisation in a zone at least 50m wide within mafic intrusive and porphyry rocks. This is similar to that found at Plantagenet and Ellendale and continues to demonstrate the extensive level of mineralisation within the intrusive complex at Mt Cattlin.

Historical drill-holes RR0041 to RR0046 plus RR0045, RR0046, RR0076 and RR0077 were drilled into the 400m-long zone but were all stopped at 30m down-hole depth, at or just below the base of oxidation. Low-level gold was intersected in a number of these holes but there were no assays for copper or other elements. Traka's subsequent deeper drilling at Revival and at the other targets such as Ellendale continues to demonstrate the potential for deeper mineralisation not adequately tested by historical drilling.

The Maori Prince and Maori Chief Prospects: Additional RC drill-holes were completed at the Maori Prince and Maori Chief prospects to further test to extensions of mineralisation intersected by nearby drill-holes. The Maori Prince and Maor Chief prospects are located along strike from the Maori Queen Mine, which hosts a Mineral Resource o 31,908 tonnes @ 6.19g/t Au. Numerous narrow lines of gold lode have been intersected, but the drilling density remains too wide to establish continuity of any single lode: 1m @ 2.37g/t Au, 0.05g/t Ag and 0.03% Cu from 30m down hole; 2m @ 1.50g/t Au, 0.20g/t Ag and 0.06% Cu from 152m down hole; 1m @ 7.14g/t Au, 0.19g/t Ag and 0.01% Cu from 100m down hole; 1m @ 5.34g/t Au, 0.19g/t Ag and 0.0% Cu from 47m down hole; 4m @ 1.03g/t Au including 1m @ 2.41g/t Au, 1.3g/t Ag and 0.13% Cu from 25m down hol; and 3m @ 1.11g/t Au including 1m @ 2.12g/t Au, 0.60g/t Ag and 0.06% Cu from 35m dow hole.

The 1km trend extending north-east from Lone Hand, past the Maori Prince, Maori Chief and Maori Quee positions, remains an important part of the Mt Cattlin Gold-Copper Project, adding to the excellent result being received from the other prospect positions such as Ellendale, Revival and Plantagenet. The Revelation Prospect: One additional drill-hole into a previously defined 400m-long mineralised intrusive returned a peak intersection of 1m @ 0.6g/t Au, 5.32g/t Ag and 0.60% Cu from 178m down-hole. The hole confirms that mineralisation extends into the main body of the intrusive and to the north-east of previous intersections associated with networked stringer sulphides and down-hole electromagnetic anomalies.

The large body of mineralisation associated with the coincident aeromagnetic and geochemical body is considered to be one of many intrusive bodies that form a large intrusive complex hosting mineralization at Mt Cattlin.