PREPARATIONS have started for a detailed drill
programme at the Haneti project, in Tanzania, following the conclusion of work
on the site’s 2013 nickel exploration programme, Aim- and JSE-listed Kibo
Mining reported on Friday.
The Tanzania-focused mineral exploration and
development company used the 2013 field programme to confirm and expand on the
soil geochemistry and map the main targets along the Haneti Itiso Ultramafic
Complex.
The results, which confirmed historical geochemical
data from 2006 to 2011, established the readiness for an exploration drilling
programme to obtain a definitive understanding of the geology and
mineralisation potential and the enhancement of future interpretation and
planning.
“Kibo remains excited about the Haneti project and
is convinced that the next logical step for this project will be to conduct a
detailed drill programme to identify and hopefully confirm the presence of
sulphide mineralisation on the project,” Kibo Mining CEO Louis Coetzee said.
He noted that immediate follow-up work would focus
on the acquisition and interpretation of the area’s recent aerial magnetic data
and an exploration-drilling programme at Mihanza and Mwaka Hills, which would
test the geochemical and geophysical targets resolved at these localities.
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