Development work on the Imweru gold project in Tanzania has started, Kibo Mining PLC (LON:KIBO) noted today.
The company has agreed to sell the project to Katoro Gold PLC (LON:KAT). Katoro revealed n Wednesday morning that operational teams have been deployed on site ahead of the arrival of the first drill rig, expected tomorrow.
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"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,” said Louis Coetzee, executive chairman of Katoro and chief executive officer of Kibo.
“With this, the capability and capacity of the project team who are responsible for executing the Imweru work programme, is also clearly demonstrated," Coetzee added.
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