Caracal Gold agrees to buy interests in 2 gold projects in Tanzania
Caracal has existing gold production and exploration activities at the Kilimapesa mine in Kenya
Company
Caracal Gold PLC
LON:GCAT
Caracal Gold PLC is a gold producer and developer with established operations in East Africa and over 1,300,000 ounces of gold resources. The company is focused on building production and profitability, targeting +50,000 ounces per annum of gold production and +3 million ounces in resources across its operations.
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Caracal Gold says drilling to start immediately at Kenya project
"We are very pleased with the time it's taken to get these drill rigs to site, and credit goes to all involved,” said chief executive Robbie McCrae
Rigs arrive as Caracal Gold’s new drill campaign in Kenya gets underway
Caracal is aiming to boost its resource base significantly
Caracal Gold says prospecting licence around Kenya mine renewed for 3 years
The company will now accelerate its planned underground and surface exploration programme at Kilimapesa
Caracal Gold completes switch to national power grid
Costs savings at Kilimapesa are estimated to be roughly US$100/oz at current gold production levels
Caracal on track to produce 1,000 ounces of gold per month from Kilimapesa by the end of this year
Caracal is steadily building up capacity at Kilimapesa
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Caracal hits high grade gold in ongoing sampling at Kilimapesa
Reverse circulation and diamond drilling programmes are planned for later in the year.
Caracal Gold makes fast start at Kilimapesa mine
A recent agreement to connect the plant to the grid power was a "key achievement"