Business
Imweru Drill Programme Update
Imweru Drill Programme Update.
About this update from Focus Xplore Plc
[{"type":"text","content":"\n \nRNS Number : 1122I Katoro Gold PLC 15 June 2017 \n\nKatoro Gold plc (Incorporated in England and Wales)\n(Registration Number: 9306219)\nShare code on AIM: KAT\nISIN: GB00BSNBL022\n(\"Katoro\" or \"the Company\")\n \n \n \n15 June 2017\n \nImweru Drill Programme Update\n \nKatoro Gold plc (\"Katoro\" or the \"Company\") (AIM: KAT), the Tanzania focused gold exploration and development company, is pleased to announce that the drilling programme on its Imweru gold project in Tanzania commenced two months ahead of schedule and is progressing at pace. \n \nThe first four drill holes were completed faster than expected, off the back of a programme deployment that was achieved in a very impressive eight days from program authorisation to the commencement of drilling. The first samples from drilling completed to date, will also arrive at the laboratory for analysis, within the next five days. \n \nIn addition to the samples referred to above, a number of reverse circulation (\"RC\") samples and ¼ core DD samples, have also been prepared to satisfy the metallurgical analysis requirement of the pre-feasibility study. These samples will be exported to South Africa for analysis next week.\n \nDuring meetings with the Tanzanian Ministry of Energy and Minerals (\"MEM\") on 13 June 2017, the latest developments in relation to possible further changes in mining policies and the Tanzanian Mining Act were discussed. From these discussions, it was clear that the Company's current operations are not in any way affected by the current debate regarding the export of gold concentrate.\n \nLouis Coetzee, Executive Chairman of Katoro commented: \"We are extremely pleased with progress on the Imweru drill programme and we are looking forward to receiving the first test results from the laboratory. The excellent progress so far should also allow the Company to advance the Imweru pre-feasibility study.\" \n \nEnquiries\n \n \n\n\n\n\nKatoro Gold plc\n \n\n\n+27 (0) 83 2606126\n\n\n\n\nLouis Coetzee\n \n\n\n\n\n\n\n\nBeaufort Securities Limited\n \n\n\n+44 (0) 20 7382 8300\n\n\n\n\nJon Belliss\n \n\n\n\n\n\n\n\nStrand Hanson Limited\n \n\n\n+44 (0) 20 7409 3494\n\n\n\n\nRichard Tulloch\n \n\n\n\n\n\n\n\nRitchie Balmer\n \...