Saturday , February 24 2024

Imweru gold expand pre-feasibility study

Tanzania’s Katoro Gold has expanded the prefeasibility study (PFS) of its Imweru gold project to include a light detection and ranging (Lidar) survey.

According to the company, the Lidar survey has been commissioned without compromising the timeline or budget, will use pulsed laser light to create a “highly accurate data set” over the entire envisaged Imweru mining area.

“We are delighted to have commissioned the Lidar survey, which will add integrity and confidence to the PFS.”

“We can deliver this supplementary survey without compromising the timeline for the PFS and at no additional cash cost,” explained Katoro, Executive Chairperson Louis Coetzee.

Katoro aims to produce a digital topographical database and create high-resolution topographical maps, which will provide high accuracy data for the final resource estimation and optimised mine design

“The airborne Lidar survey will be executed with a Piper PA-32 Cherokee 6, which is modified for this purpose and approved by the Tanzanian Civil Aviation Authority,” he explained.

Kataro plans to issue new shares, on delivery of the survey report, to pay for the $14 000 cost of the Lidar survey.

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