Rand

Project Overview

The Rand Gold project, covers a substantial area of 580km² in the central Lachlan Fold Belt, New South Wales and is 100% owned by Krakatoa Resources.

The Rand Project is prospective for shear-hosted and intrusion-related gold systems. The area covers a 40km structural corridor that transects mineralised Silurian and Devonian granite and Ordovician sediments, mostly obscured by colluvium and underexplored.

The project captures the historical Bulgandry Goldfield, which includes several mines that produced gold at very high grades (up to 265g/t gold).

Gold was discovered at Bulgandry in 1894, with peak activity occurring in 1895 and 1896. A second mining boom emerged during 1932 to 1935.

Krakatoa flew an aeromagnetic survey in 2020 which outlined a strong structural corridor featuring known gold mineralisation at Bulgandry, generating several high priority target zones in the immediate prospect area and in the surrounding region, including:

• an 8km length of previously unrecognised NE-trending magnetic lineaments, associated with the prospective gold locations at Bulgandry;
• a cluster of magnetic anomalies northwest of the Bulgandry historical workings (which includes several mines that produced gold at very high grades, up to 265g/t gold);
• the possible alignment of palaeochannels (“deep leads”) with mineralisation controlling basement structures; and
• a 40km structural corridor that transects mineralised Silurian and Devonian granite and Ordovician sediments, mostly obscured by colluvium and underexplored.