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Katoro Gold advances nickel drilling program

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(Kitco News) - Katoro Gold (AIM:KAT) said Wednesday that it is moving to deep diamond drilling at its Haneti nickel PGM project in Tanzania.

"Information from the recent shallow drilling results and the discovery of new gossanous nickel-copper-magnetite veining at Mihanza Hill, confirmed the results from previous exploration work done at Haneti, which was the primary objective of the RAB drill programme. The latest results provided the confirmation we wanted to take the next step in our exploration strategy for Haneti and to proceed with deep diamond drilling. With the diamond drill programme, we will assess the potential for possible economic nickel sulphide mineralisation at Haneti," said executive chair Louis Coetzee.

The company is focused on Tanzania and is managing three projects in the country.

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