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Katoro Gold PLC and Power Metal Resources PLC - London-based metal exploration companies - Complete diamond drilling at the Haneti project in central Tanzania. The project is currently held under a joint venture, with Katoro Gold holding a 65% interest and Power Metal holding the remaining 35% interest. The companies confirm the drill programme has been completed successfully with a total of 900 metres completed across three drill holes, as planned. The drilling intersected massive serpentinite from surface and serpentinised meta-gabbroic rocks at depth, the companies add. Core logging and sampling is now underway.
Katoro Gold current stock price: 0.79 pence, down 1.3% in London.
12-month change: down 64%
Power Metal Resources current stock price: 1.41p, up 2.7%
12-month change: down 48%
By Heather Rydings; heatherrydings@alliancenews.com
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