Whats coming12 May 2022 08:43
Lifts from this mornings RNS:
· Second batch of RC assay results expected later this quarter.
· Six holes (1,241m) of DD drilling also completed and 583 samples submitted to the lab with assay results due imminently.
· Updated resource from the Kilimapesa Hill deposit expected at the end of Q2 2022.
Chief executive of Caracal Gold Plc, Robbie McCrae, said: "The first batch of assay results from the RC drilling programme on Kilimapesa Hill has confirmed the extended presence of gold mineralisation, which strongly correlates with our expectations for this key deposit at our Kilimapesa Gold Mine. It also provides us with increased confidence that we will grow and upgrade the total resource at our flagship project, with an overall target of more than 2Moz. With recent operational efficiencies already positively impacting production and profitability, the future looks bright for Kilimapesa and we look forward to receiving the second batch of assay results shortly to deliver additional upside."
Time to wake up market!