Katoro Gold PLC Results of Haneti Sampling Programme (5816Z)
20 Mayo 2019 - 6:35AM
UK Regulatory
TIDMKAT
RNS Number : 5816Z
Katoro Gold PLC
20 May 2019
Katoro Gold PLC (Incorporated in England and Wales)
(Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
Dated: 20 May 2019
Katoro Gold PLC ('Katoro' or the 'Company')
Results of Haneti Nickel Project Sampling Programme
Highlights:
-- Results received back from the soil sampling programme
undertaken at the Haneti Nickel Project
-- 1,500 samples analysed at an independent laboratory
-- Results successfully identified a new, previously unknown, exploration target
-- Increasing strike length of previously identified high priority areas
-- Findings to inform further exploration work, including defining a maiden drill programme
Katoro Gold PLC (AIM: KAT), the Tanzanian focused exploration
and development company, is pleased to announce the results of the
soil sampling programme undertaken at the Haneti Nickel Project
('Haneti' or 'the Project') ('the Results') as previously referred
to in the Company's announcement dated 30 January 2019.
The soil sampling programme, aimed at further delineating
already identified primary targets, was part of an ongoing
exploration programme at the Project. The Results have reconfirmed,
and extended the strike length, of the previously identified high
priority ultramafic exploration targets, as well as identified an
additional ultramafic target, previously unknown to the
Company.
The Results confirm the exploration prospectivity of Haneti and
will be used to inform the Company's further exploration programme
in 2019, including defining a maiden drill programme. Upon the
receipt of the monies from African Battery Metals PLC as referred
to in the Company's RNS dated 15 May 2019, the Company is fully
funded to undertake the initial exploration activities in this
regard.
Louis Coetzee, Executive Chairman of Katoro, said: "The results
from the comprehensive soil sampling programme undertaken at Haneti
have served to further increase our confidence in the prospectivity
of the Project. Particularly positive, is the identification of a
new, previously unknown, target as well as the increase in strike
length of known priority targets. We believe that Haneti has the
potential to provide significant value to Katoro and its
shareholders, and I look forward to providing updates as we
continue to deliver our planned exploration programme."
**ENDS**
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014.
For further information please visit www.kibo.energy or
contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman
Richard Tulloch +44 (0) 20 7409 Strand Hanson Limited Nominated Adviser
Ritchie Balmer 3494
Georgia Langoulant
Ben Tadd +44 (0) 20 3700 SVS Securities Broker
Tom Curran 0093
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
1177 Ltd Relations Adviser
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END
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