Traka Resources Limited reported gold-copper results from the latest batch of assays received from drilling completed at the plantagenet and grafter prospects 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 Gold-Copper project to host significant mineralization across multiple areas, providing strong foundation for ongoing exploration in 2022. Five RC (reverse circulation) drill-holes were completed at plantagenet to test under the historic mine workings.

The mine workings are shallow (< 5 metres) and have most likely exploited supergene enriched gold mineralization in the soft weathered rock. A coincident aeromagnetic plus soil geochemical anomaly overlies plantagenet and these anomalies extend in a north-easterly trend over a distance of approximately 1 kilometre through the Ellendale and revival prospects. The high-grade gold intersected at Plantagenet occurs as discrete zones within wide, strongly anomalous copper mineralization hosted in porphyritic intrusives rocks and basalt.

The mineralization intersected at depth is wider and more extensive than indicated from surface workings and therefore resembles the results previously returned from drilling at Ellendale. 2m @ 5.40g/t Au, 0.86g/t Ag and 0.05% Cu from 23m down-hole, including 1m @ 10.50g/t Au, 1.28g/t Ag and 0.07% Cu (RAGC083) 3m @ 6.73g/t Au, 0.51g/t Ag and 0.04 Cu from 38m down-hole, including 1m @ 11.5g/t Au, 1.28g/t Ag and 0.10% Cu (RAGC083) 3m @ 4.14g/t Au, 0.26g/t Ag and 0.03% Cu from 42m down-hole (RAGC083) 4m @ 15.07g/t Au, 1.28g/t Ag and 0.10% Cu from 61m down-hole, including 1m @ 57.40g/t Au, 0.41g/t Ag and 0.02% Cu (RAGC084) 4m @ 18.52g/t Au, 1.4g/t Ag and 0.05% Cu from 14m down-hole, including 2m @ 34.35g/t Au, 1.95g/t Ag and 0.03% Cu (RAGC086). Five RC drill holes were completed on the grafter prospect.

This drilling was the first ever undertaken near the surface workings and coincident soil geochemical and aeromagnetic anomaly extending in north-east direction. A wide zone of strongly anomalous copper mineralization which includes discrete gold lodes characterizes the mineralization . The peak intersections are 1m @ 2.94 g/t Au, 0.44g/t Ag and 0.01% Cu from 59m down-hole (RAGC077), 1m @ 4.34g/t Au, 0.07g/t Ag and 0.01% Cu from 19m down-hole (RAGC079), 1m @ 2.01g/t Au, 0.17g/t Ag and 0.03% Cu from 74m down-hole (RAGC081).

The grafter prospect aligns in a south-western orientation with a gold-soil geochemical anomaly which extends for about 500m to the old Bullrush Mine workings. This mineralized trend and continuation of the mineralization to the north-east past drill-hole RAGC079 will form the basis of the next phase of drilling at grafter.