Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Gold & silver

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

Caracal Gold PLC (LSE:GCAT) said a programme of diamond drilling ('DD') and reverse circulation (RC) drilling will start immediately at the Kilimapesa project in Kenya.

Two recently acquired drill rigs have arrived on the site and pre-drilling work including the preparation of drill pads is well-advanced.

"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.

“The arrival of the drill rigs dovetails well with the prospecting license renewal, assembling a highly experienced team and completing much of the preparation work for the drilling programme to now commence."

"With the knowledge we have of the overall project and license areas, we believe that this owner-operator drilling strategy will yield cost-effective, quick, and high-quality results and provide us with greater flexibility in our future exploration plans.

“We look forward to the completion of this initial programme by the end of Q1 2022."

Caracal said the competent person responsible for Kilimapesa's CPR and resources has signed off on the necessary storage, sampling, and assaying protocols to ensure both timely information for on-site use as well as proper quality assurance and control and procedures for ensuring JORC compliance of the anticipated increased gold resource.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK