Business
Work on Imweru Gold Project Commences
Work on Imweru Gold Project Commences.
About this update from Focus Xplore Plc
[{"type":"text","content":"\n \nRNS Number : 6544G Katoro Gold PLC 31 May 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 \n31 May 2017\n \nWork on Imweru Gold Project Commences\n \nKatoro Gold plc (\"Katoro\" or the \"Company\") (AIM: KAT), the Tanzania focused gold exploration and development company, is pleased to announce that development work on the Imweru gold project in Tanzania has officially commenced. Operational teams were deployed to site over the past week and the first drill rig is expected to arrive on 1 June 2017. With the site and drill pad preparation already complete, drilling will commence immediately once the rig arrives on site.\n \nLouis Coetzee, Executive Chairman of Katoro commented: \"We are extremely pleased with the successful and rapid start of work on the Imweru project. As a result, we are now two months ahead of our previous work programme schedule which initially indicated that drilling would commence in Q3 2017. With this, the capability and capacity of the project team who are responsible for executing the Imweru work program, is also clearly demonstrated.\" \n \n \nEnquiries\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\nRitchie Balmer\n\n\n\n\n\n\n\nFrederick Twist\n \n\n\n\n\n\n\n\nBell Pottinger\n \n\n\n+44 (0) 20 3772 2500\n\n\n\n\nLiz Morley\n\n\n\n\n\n\n\nMolly Stewart\n\n\n\n\n\n\n\n \n \nKatoro Gold - Notes to editors\n \nIn May 2017 Katoro Gold acquired the Imweru and Lubando Gold Projects in Tanzania from Kibo Mining plc for a total consideration of £3.66 million and was admitted to trading on AIM.\n \nFollowing the acquisition, Katoro owns 100% of the Imweru and Lubando Projects, which both have Mineral Resources established in accordance with the JORC (2012) Code. The total Mineral Resources stated for Imweru consist of 11.607 Mt at grade of 1.38 g/t for a Mineral Resource of 515,110 oz Au at a resou...