Katoro Gold PLC Haneti Nickel Project Update (4694O)
30 Enero 2019 - 1:00AM
UK Regulatory
TIDMKAT
RNS Number : 4694O
Katoro Gold PLC
30 January 2019
Katoro Gold plc (Incorporated in England and Wales)
(Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
Dated: 30 January 2019
Katoro Gold PLC ('Katoro' or the 'Company')
Haneti Nickel Project Update
Katoro Gold PLC (AIM: KAT), the Tanzanian focused exploration
and development company, is pleased to provide an update on its
Haneti Nickel Project ('HNP' or 'the Project').
Highlights
-- Review and analysis by the Company of all historic work
undertaken on the Project now completed
-- Identified several high priority exploration targets
-- New work programme prepared and commenced
-- Soil sampling programme completed and ready to be submitted for laboratory analysis
-- Several high priority exploration targets identified -
initial focus to be the Mihanza Hill target
Louis Coetzee, Katoro's Executive Chairman said, "Having only
completed the acquisition of HNP last November, we are delighted
with the rapid progress that has already been achieved. With
several high priority exploration targets now identified, we are
focused on advancing a new work programme at the Project to
establish evidence of disseminated sulphide mineralisation.
Accordingly, we look forward to updating the market on the upcoming
developments."
Further Details
The 5,000 sq. km polymetallic Haneti Nickel Project in Tanzania
is a highly prospective, high-grade nickel sulphide asset. Previous
work, totalling approximately US$1.5 million, has identified grades
of up to 13.59% nickel with additional gold, cobalt, platinum
credits and some significant lithium anomalies. Additionally,
independent work, undertaken by Western Geophysics Pty, underlines
the potential of HNP to host a substantial nickel sulphide
deposit.
The Company acquired HNP in November 2018 and immediately
commenced a review and analysis of all historic work completed on
the Project. Based on the review of historic exploration work on
the Project, the Company believes that it could host a chonolith
type nickel sulphide deposit and that Mihanza Hill, one of several
high priority exploration targets within HNP, is the most
prospective target identified to date and this will be the initial
focus for the Company.
The main objective of the 2019 exploration work programme will
be to ascertain the existence of disseminated (or massive) sulphide
mineralisation at the identified high priority exploration targets,
including Mihanaza Hill. Using a variety of exploration techniques,
the programme will seek to define a future drilling programme. Work
has already commenced in this regard, with the Company having
completed a soil sampling programme of 1,300 samples which are now
ready to be submitted for laboratory analysis.
**ENDS**
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014.
For further information please visit www.katorogold.com or
contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman
Richard Tulloch +44 (0) 20 7409 Strand Hanson Nominated Adviser
Ritchie Balmer 3494 Limited
Frederick Twist
Ben Tadd +44 (0) 203 7000 SVS Securities Broker
Tom Curran 093
Isabel de Salis +44 (0) 207 236 St Brides Partners Investor and Media
Gaby Jenner 1177 Ltd Relations Adviser
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DRLLFFELLLIAFIA
(END) Dow Jones Newswires
January 30, 2019 02:00 ET (07:00 GMT)
Katoro Gold (LSE:KAT)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Katoro Gold (LSE:KAT)
Gráfica de Acción Histórica
De May 2023 a May 2024