Business
Diamond Drilling at Haneti Nickel PGM Project
Diamond Drilling at Haneti Nickel PGM Project.
About this update from Focus Xplore Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6465U\n Katoro Gold PLC\n 07 April 2021\n \n \n \n \n Katoro Gold plc (Incorporated in England and Wales)\n \n \n (Registration Number: 9306219)\n \n \n Share code on AIM: KAT\n \n \n ISIN: GB00BSNBL022\n \n \n (\"Katoro\" or \"the Company\")\n \n \n \n \n \n 7 April 2021\n \n \n Katoro Gold plc (\"Katoro Gold\" or the \"Company\")\n \n \n \n \n \n Haneti Nickel PGM Project - Decision to Proceed with Diamond Drilling Programme\n \n \n \n \n \n Katoro Gold plc (AIM: KAT), the AIM listed\n \n gold and nickel exploration and development company, is pleased to announce an update regarding a maiden rotary air blast (\"RAB\") drill programme targeting the discovery of nickel and platinum group metals (\"PGM\") at the Haneti Nickel PGM Project (\"Haneti\" or the \"Project\") in Tanzania.\n \n \n \n \n \n Katoro Gold holds a 65% ownership interest in Haneti with 35% held by Power Metal Resources plc.\n \n \n \n \n \n Louis Coetzee Executive Chairman of Katoro Gold PLC said:\n \"We are delighted to report that following receipt of the results from the recently completed RAB drill programme at Haneti, the decision has been made to advance the Haneti Nickel PGM Project to deep diamond drilling. \n \n \n \"Information from the recent shallow drilling results and the discovery of new gossanous nickel-copper-magnetite veining at Mihanza Hill, confirmed the results from previous exploration work done at Haneti, which was the primary objective of the RAB drill programme. The latest results provided the confirmation we wanted to take the next step in our exploration strategy for Haneti and to proceed with deep diamond drilling. With the diamond drill programme, we will assess the potential for possible economic nickel sulphide mineralisation at Haneti. \n \n \"We are currently busy with the planning and design of an appropriate diamond drilling programme as well as the selection and engagement of a suitable drilling contractor.\n \n \"We look forward to providing further updates shortly.\"\n \n \n Details\n \n \n An inaugural diamond drilling programme is now planned to test for nickel and PGM sulphide mineralisation at depth following the successful completion of the shallow RAB drilling programme at Mihanza Hill and Mwaka Hill and the ide...