JOHANNESBURG (miningweekly.com) – Exploration has started at Aim- and AltX-listed Kibo Mining’s 1 530 km2 joint venture (JV) Morogoro gold project, in eastern Tanzania, building on a 2012 work programme to investigate previously identified gold mineralisation anomalies.
The Tanzania-focused mineral exploration and development company and its new partner Metal Tiger aimed to assess the project’s viability and define a project pathway, if positive.
The new work programme would incorporate the assessment of data and the assay testing of existing samples gathered from a 2012 exploration programme, with the results due early in the third quarter.
“As a first stage of restarting the work programme, the partners have undertaken a review of historic work and the findings encountered. The purpose of this review was to identify the most cost effective and expeditious manner in which to continue exploration work,” Kibo CEO Louis Coetzee said in an update to shareholders on Wednesday.
The JV partners’ follow-up work would likely include additional soil sampling to enhance initial findings and to extend the mineralisation identified, as well as reconnaissance assessments and mapping to examine unexplored ground and documented copper occurrences and potential artisanal workings within the Morogoro project licence area.