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Katoro Gold PLC (KAT)

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Monday 14 February, 2022

Katoro Gold PLC

Haneti Diamond Drill Programme Completed

RNS Number : 5061B
Katoro Gold PLC
14 February 2022
 

Katoro Gold plc (Incorporated in England and Wales)

( Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

("Katoro" or "the Company")

 

Dated: 14 February 2022

 

Katoro Gold PLC ('Katoro' or the 'Company')

 

Haneti Diamond Drill Programme Successfully Completed

 

Katoro Gold PLC (AIM: KAT), the gold and nickel exploration and development company, announces that the diamond drill programme that was carried out at the Haneti Project ("Haneti"), has been completed successfully.

 

Highlights:

 

· The Company confirms the drill programme has been completed successfully with a total of 900.04 metres completed across three drill holes as planned.

 

· Core logging and sampling is underway, with samples being prepared for thin section petrographic analysis and laboratory assay testing (for nickel, copper, platinum, palladium, cobalt, chromium and gold) at SGS Tanzania.

 

· Large intersections of serpentinite and gabbroic rocks were identified in the Mwaka drill holes, with indications of peridotitic sequences, the latter subject to confirmation through the thin section petrographic analysis.

 

· The Mihanza drill hole intersected massive serpentinite from surface and serpentinised meta-gabbroic rocks at depth.

 

Katoro CEO, Louis Coetzee, commented: "The next step of the programme will now entail final core logging, sampling and testing of the samples collected from the core. We look forward to updating the market on the results from this.  

 

"Thank you to the operational team that has ensured the successful and safe completion of the programme on schedule and within budget."

 

Project Ownership Structure

 

The Haneti Project is held under a joint venture, where the Company holds 65% ownership interest and 35% held by Power Metal Resources plc (LON:POW)("Power Metal").

 

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.

**ENDS**

 

For further information please visit www.katorogold.com or contact:

 

Louis Coetzee

 

[email protected]

Katoro Gold plc

Executive Chairman

Bhavesh Patel

Andrew Thomson

+44 20 3440 6800

RFC Ambrian Limited

Nominated Adviser

Nick Emmerson

Sam Lomanto

 

+44 (0) 1483 413 500

 

SI Capital Ltd

 

Broker

 

Isabel de Salis

Oonagh Reidy

+44 (0) 20 7236 1177

St Brides Partners Ltd

Investor and Media Relations Adviser

 

 

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