Katoro Gold plc (LON:KAT) Louis Coetzee, Executive chairman & Christian Schaffalitzky

Share Talk welcomes Louis Coetzee, Executive chairman of Katoro Gold plc (AIM: KAT) and Christian Schaffalitzky, Consultant to Katoro, Managing director at Eurasia Mining and one of the leading geologists in the discovery of the Haneti project.

The Haneti project comprises tenements covering an area of circa 5,000 sq. km (prospecting licences, offers and applications) prospective for Nickel, Gold, Platinum-Group-Metals, Cobalt, Rare Earth Elements, Lithium and Copper.

 

 
Of four established targets, the key target is an 80km long ultramafic belt with historical samples of up to 13% Nickel and 2.33 grams per tonne of Palladium and Gold.

The principle target is Mihanza Hill, wherein 2015 geophysical work identified significant extensions to nickel sulphide prospective target rock formations and geochemical interpretation has identified prospectivity for chonolith type nickel-copper-PGM mineralisation.

Recent desktop work undertaken suggests that Mihanza Hill has the potential to host a similar style of mineralisation to the Sipa Resources Limited (ASX:SRI)Akelikongo nickel project in Uganda.

The company are in the final planning stages for a drilling campaign and will keep investors up-to-date of all developments

 


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