Kibo starts first phase drilling at Imweru project in Tanzania

28 October 2013 (Last Updated October 28th, 2013 18:30)

Mineral exploration and development firm Kibo Mining has started the first phase of drilling at its Imweru project, in northern Tanzania, East Africa.

Mineral exploration and development firm Kibo Mining has started the first phase of drilling at its Imweru project in northern Tanzania, East Africa.

Located in the gold prolific Lake Victoria Goldfield, the project is near to AngloGold Ashanti's Geita gold mining deposits in the region.

The 3,000m drill programme will include 750m of diamond drilling and 2,250m of reverse circulation drilling in 20 holes at Imweru.

The company said the current drill programme will allow it to further evaluate the previously identified gold mineralised zones, which extend over 10km along strike and drilled to a maximum depth of about 200m.

Kibo Mining said that based on previous drilling, a compliant inferred gold resource of 629,000oz of gold lies at the site.

The results of the current drill programme, which is anticipated to be completed within two months, will allow the company to produce an improved resource estimate.

Kibo Mining CEO Louis Coetzee said, "The company is very pleased that it has been able to quickly mobilise a drilling team to the Imweru project to fulfill its previously announced objective of completing a drill programme in this area before the end of 2013."

Kibo Mining was established in early 2008 to explore and develop mineral deposits in Tanzania.

The mineral assets of the company comprise five projects areas in Tanzania which include Haneti, Morogoro, Lake Victoria, Rukwa and Pinewood.

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