Ann: Aeromag Survey expanded to cover entire Belgravia Project, page-2

Looks like it just keeps getting bigger.....

Totally undervalued at $10 Million MC....

 Successful outcomes from previous high-resolution magnetic survey drives the Company to expand the survey to the remainder of the Belgravia Project
 The high-resolution survey will cover five priority target areas: Sugarloaf Creek, Guanna Hill, Shades Creek, Nandillyan and Strathmore
 Systematic exploration continues to deliver results, including multiple targets in the same rocks that host the giant Cadia-Ridgeway mine 35km south and Alkane Resources Boda discovery 65km northKrakatoa Resources Limited

(“Krakatoa” or the “Company”), is pleased to announce the commencement of an airborne geophysical survey at the Company’s 100% owned Belgravia Project in the central part of the Molong Volcanic Belt, Lachlan Fold Belt, NSW.The contractor, MagSpec Airborne Surveys Pty Ltd, using a Cessna 210 aircraft, will fly at heights between 30m–40m, on 50m line spacing in an east-west direction with tie lines every 500m in a north-south direction (Figure 1). The survey will collect ~2,000km line kilometres of data and highlight areas of possible porphyry-style alteration, intrusive bodies and potential mineralising structures.
Executive Chairman, Colin Locke commented:“Given the effectiveness of the previous aeromagnetic survey at the Bell Valley Target Area, a timely program across the remainder of the Belgravia Project was critical. With several promising geophysical anomalies currently being drill tested at Bell Valley, covering an area less than 10% of the total Belgravia Project area, we look forward to the results of the expanded aeromagnetic survey.”