TIDMGCAT
RNS Number : 6849U
Caracal Gold PLC
30 March 2023
30(th) March 2023
Caracal Gold PLC
('Caracal' or the 'Company')
High Grade Zone on Kilimapesa Hill
Caracal Gold PLC, the expanding East African gold producer with
over 1,300,000oz of JORC compliant gold resources, is pleased to
confirm ongoing delivery of high-grade ore from the high-grade zone
in the Kilimapesa Hill deposit to the Milling plant.
Highlights
-- Ongoing 360tpd of high-grade material with average grades
from 3.39g/t to 4.92g/t being processed,
-- The initial mining plan has been extended to over 180 days of
delivery of high-grade material to the milling plant ,
-- Exploration to define the full potential of the high-grade zone in ongoing.
The average grades for the period from 19(th) March to 28(th)
March 2023 are detailed below:
Date Average
Grade
19-Mar 3.49g/t
--------
20-Mar 3.68g/t
--------
21-Mar 3.94g/t
--------
22-Mar 3.55g/t
--------
23-Mar 3.73g/t
--------
24-Mar 4.92g/t
--------
25-Mar 4.15g/t
--------
26-Mar 3.65g/t
--------
27-Mar 3.51g/t
--------
28-Mar 3.39g/t
--------
Hourly belt cuts are taken on the mill feed conveyor and the
daily summary sampling sheets for samples are attached. These
samples are assayed in the Kilimapesa laboratory. Sampling and
analytical procedures are subject to a comprehensive quality
assurance and quality control program. The QAQC program involves
insertion of duplicate samples, blanks and certified reference
materials in the sample stream. Gold analyses are performed by
standard fire assaying protocols using a 50-gram charge with atomic
absorption (AAS) finish and a gravimetric finish performed for
assays greater than 10 grams per tonne.
Tonnages mined improved to over 400tpd from the high-grade zone,
recoveries remained in line at 75%, the plant availability was
affected by power outages after pole on the main feed line to plant
collapsed during a heavy rainstorm - plant availability for the
period was 75%.
Robbie McCrae, CEO of Caracal commented:
"It has been 20 days since we started mining and processing ore
from the Kilimapesa Hill high-grade zone and the team are pleased
with the results across the board from the exploration to the
mining and to the processing. The mining team have worked hard to
complete the access roads and strip waste and now are focussed on
increasing the tonnage mined and delivered to the Milling plant. At
the Milling plant the focus Is to increase the tonnage from 360tpd
to 500tpd over the next few weeks. We are looking forward to
updating the market on the results from the exploration work on the
high-grade zone in the near future".
* *S * *
For further information visit www.caracalgold.com or contact the
following:
Caracal Gold plc robbie@kilimapesa.com
Robbie McCrae
Clear Capital Markets Ltd
Joint Broker +44 203 897 0981
Keith Swann / Jonathan Critchley +44 203 869 6086
----------------------
VSA Capital Ltd
Financial Adviser and Joint
Broker
Andrew Raca (Corporate Finance) +44 203 005 5000
----------------------
DGWA, the German Institute info@dgwa.org
for Asset and
Equity Allocation and Valuation
European Investor and Corporate
Relations Advisor
Katharina Löckinger
----------------------
Qualified Person:
Mr. Franck Bizouerne, P.Geo., Group Mineral Resource Manager of
Caracal Gold PLC, is the Company's Competent Person under JORC Code
"Standards of Disclosure for Mineral Projects" and has reviewed and
assumes responsibility for the scientific and technical content in
this press release.
Notes:
Caracal Gold plc is an expanding East African focused gold
producer with a clear path to grow production and resources both
organically and through strategic acquisitions. Its aim is to
rapidly increase production to +50,000ozs p.a. and build a JORC
compliant resource base of +3Moz. The company is progressing a
well-defined mine optimisation strategy at its 100% owned
Kilimapesa Gold Mine in Kenya, where there is significant mid-term
expansion potential and the ability to increase gold production to
24,000oz p.a. and the resource to +2Moz (current JORC compliant
resources of approx. 706,000oz). Alongside this, Caracal is
undertaking a targeted exploration programme at the Nyakafuru
Project in Tanzania, which has an established high-grade shallow
gold resource of 658,751oz at 2.08g/t contained within four
deposits over 280 km2 and appears amenable to development as a
large scale conventional open pit operation.
Caracal's experienced team has a proven track record in
successfully developing and operating mining projects throughout
Africa.
The Company is a responsible mining and exploration company and
supports the positive social and economic change that it
contributes to the communities in the regions that it operates. It
is a proudly East African-focused company: it buys locally, employs
locally, and protects the environment and its employees and their
families' health, safety, and wellbeing.
Caracal's shares are quoted on the Main Market of the London
Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange
(FSE: 6IK). The Company is also in the process of listing on the
Nairobi Securities Exchange.
BELT CUT ASSAYS
Source: Central Pit 2A
-----------------------------------
Field Grade; 4.02g/t Au
-----------------------------------
19th MARCH 2023
-----------------------------------
BELTCUT SAMPLES ASSAYS (g/t Au)
----------------
0000hrs 2,99
----------------
0100hrs 3,02
----------------
0200hrs 6,29
----------------
0300hrs 3,43
----------------
0400hrs 3,43
----------------
0500hrs 4,65
----------------
0600hrs 4,62
----------------
0700hrs 3,52
----------------
0800hrs 3,04
----------------
0900hrs 3,37
----------------
1000hrs 3,56
----------------
1100hrs 3,35
----------------
1200hrs 3,29
----------------
1300hrs 3,25
----------------
1400hrs 2,79
----------------
1500hrs 2,76
----------------
1600hrs 2,61
----------------
1700hrs 2,86
----------------
1800hrs 3,63
----------------
1900hrs 2,84
----------------
2000hrs 3,51
----------------
2100hrs 3,79
----------------
2200hrs PLANT BREAKDOWN
----------------
2300hrs 3,65
----------------
Average Grade 3.49g/t Au
----------------
BELT CUT ASSAYS
Source: Central Pit 2A
----------------------------------
Field Grade; 4.02g/t Au
----------------------------------
20th MARCH 2023
----------------------------------
BELTCUT SAMPLES ASSAYS(g/t Au)
---------------
0000hrs 5,31
---------------
0100hrs 3,62
---------------
0200hrs 5,78
---------------
0300hrs PLANT DOWNTIME
---------------
0400hrs PLANT DOWNTIME
---------------
0500hrs PLANT DOWNTIME
---------------
0600hrs PLANT DOWNTIME
---------------
0600hrs PLANT DOWNTIME
---------------
0700hrs PLANT DOWNTIME
---------------
0800hrs PLANT DOWNTIME
---------------
0900hrs PLANT DOWNTIME
---------------
1000hrs PLANT DOWNTIME
---------------
1100hrs PLANT DOWNTIME
---------------
1200hrs PLANT DOWNTIME
---------------
1300hrs PLANT DOWNTIME
---------------
1400hrs PLANT DOWNTIME
---------------
1500hrs 2,73
---------------
1600hrs 3,27
---------------
1700hrs 2,26
---------------
1800hrs 3,16
---------------
1900hrs 3,3
---------------
2000hrs 4,12
---------------
2200hrs 2,99
---------------
2300hrs 3,99
---------------
Average Grade 3.68g/t Au
---------------
BELT CUT ASSAYS
Source: Central Pit 2A
----------------------------------
Field Grade; 4.02g/t Au
----------------------------------
21st MARCH 2023
----------------------------------
BELTCUT SAMPLES ASSAYS(g/t Au)
---------------
0000hrs 3,58
---------------
0100hrs PLANT DOWNTIME
---------------
0200hrs PLANT DOWNTIME
---------------
0300hrs 3,5
---------------
0400hrs PLANT DOWNTIME
---------------
0500hrs PLANT DOWNTIME
---------------
0600hrs PLANT DOWNTIME
---------------
0700hrs 4,2
---------------
0800hrs 6,32
---------------
0900hrs 3,06
---------------
1000hrs 3,34
---------------
1100hrs 4,56
---------------
1200hrs 2,99
---------------
1300hrs 3,47
---------------
1400hrs 3,62
---------------
1500hrs 3,35
---------------
1600hrs 6,48
---------------
1700hrs 5,97
---------------
1800hrs 4,18
---------------
1900hrs 4,08
---------------
2000hrs 2,71
---------------
2100hrs 3,13
---------------
2200hrs 2,98
---------------
2300hrs 3,31
---------------
Average Grade 3.94g/t Au
---------------
BELT CUT ASSAYS
Source: Central Pit 2A (2nd Cut)
Field Grade; 4.02g/t Au
22nd MARCH 2023
BELTCUT SAMPLES ASSAYS(g/t Au)
---------------
0000hrs 2,84
---------------
0100hrs 3,23
---------------
0200hrs 3,19
---------------
0300hrs 2,65
---------------
0400hrs 2,68
---------------
0500hrs 3,51
---------------
0600hrs 3,09
---------------
0700hrs 3,45
---------------
0800hrs 2,36
---------------
0900hrs 2,87
---------------
1000hrs 3,94
---------------
1100hrs 5,24
---------------
1200hrs 3,87
---------------
1300hrs 3,39
---------------
1400hrs 4,34
---------------
1500hrs 3,75
---------------
1600hrs 3,23
---------------
1700hrs 4,43
---------------
1800hrs 4,2
---------------
1900hrs 3,8
---------------
2000hrs 3,25
---------------
2100hrs 4,53
---------------
2200hrs 3,64
---------------
2300hrs 3,6
---------------
Average Grade 3.55g/t Au
---------------
BELT CUT ASSAYS
Source: Central Pit 2A (2nd Cut)
Field Grade; 5.3g/t Au
23rd MARCH 2023
BELTCUT SAMPLES ASSAYS(g/t Au)
---------------
0000hrs 4,52
---------------
0100hrs 4,2
---------------
0200hrs 4,55
---------------
0300hrs 4,54
---------------
0400hrs 4,4
---------------
0500hrs 5,25
---------------
0600hrs PLANT DOWNTIME
---------------
0700hrs 3,75
---------------
0800hrs 3,96
---------------
0900hrs 3,26
---------------
1000hrs 3,12
---------------
1100hrs 3,19
---------------
1200hrs 3,24
---------------
1300hrs 3,06
---------------
1400hrs 2,75
---------------
1500hrs 2,96
---------------
1600hrs 2,82
---------------
1700hrs 4,14
---------------
1800hrs 3,36
---------------
1900hrs PLANT DOWNTIME
---------------
2000hrs PLANT DOWNTIME
---------------
2100hrs PLANT DOWNTIME
---------------
2200hrs PLANT DOWNTIME
---------------
2300hrs PLANT DOWNTIME
---------------
Average Grade 3.73g/t Au
---------------
BELT CUT ASSAYS
Source: Central Pit 2A (2nd Cut)
------------------------------------
Field Grade; 5.3g/t Au
------------------------------------
24th MARCH 2023
------------------------------------
BELTCUT SAMPLES ASSAYS(g/t Au)
---------------
0000hrs PLANT DOWNTIME
---------------
0100hrs PLANT DOWNTIME
---------------
0200hrs PLANT DOWNTIME
---------------
0300hrs PLANT DOWNTIME
---------------
0400hrs PLANT DOWNTIME
---------------
0500hrs PLANT DOWNTIME
---------------
0600hrs PLANT DOWNTIME
---------------
0700hrs PLANT DOWNTIME
---------------
0800hrs PLANT DOWNTIME
---------------
0900hrs PLANT DOWNTIME
---------------
1000hrs PLANT DOWNTIME
---------------
1100hrs PLANT DOWNTIME
---------------
1200hrs PLANT DOWNTIME
---------------
1300hrs PLANT DOWNTIME
---------------
1400hrs PLANT DOWNTIME
---------------
1500hrs PLANT DOWNTIME
---------------
1600hrs PLANT DOWNTIME
---------------
1700hrs PLANT DOWNTIME
---------------
1800hrs 3,48
---------------
1900hrs 6,54
---------------
2000hrs 3,76
---------------
2100hrs 4,55
---------------
2200hrs 5,01
---------------
2300hrs 6,16
---------------
Average Grade 4.92g/t Au
---------------
BELT CUT ASSAYS
Source: Central Pit 2A (2nd Cut)
Field Grade; 5.3g/t Au
25th MARCH 2023
BELTCUT SAMPLES ASSAYS(g/t Au)
---------------
0000hrs 3,48
---------------
0100hrs 5,29
---------------
0200hrs 4,87
---------------
0300hrs PLANT DOWNTIME
---------------
0400hrs PLANT DOWNTIME
---------------
0500hrs PLANT DOWNTIME
---------------
0600hrs PLANT DOWNTIME
---------------
0700hrs PLANT DOWNTIME
---------------
0800hrs PLANT DOWNTIME
---------------
0900hrs 5,84
---------------
1000hrs 3,33
---------------
1100hrs 3,84
---------------
1200hrs 3,48
---------------
1300hrs 4,3
---------------
1400hrs 4,72
---------------
1500hrs 3,09
---------------
1600hrs 2,99
---------------
1700hrs 3,17
---------------
1800hrs 5,45
---------------
1900hrs 2,96
---------------
2000hrs 3,88
---------------
2100hrs 3,74
---------------
2200hrs 5,01
---------------
2300hrs 5,19
---------------
Average Grade 4.15g/t Au
---------------
BELT CUT ASSAYS
Source: Central Pit 2A (2nd Cut)
Field Grade; 5.3g/t Au
26th MARCH 2023
BELTCUT SAMPLES ASSAYS(g/t Au)
---------------
0000hrs 3,91
---------------
0100hrs 3,24
---------------
0200hrs 2,22
---------------
0300hrs 3,24
---------------
0400hrs 2,99
---------------
0500hrs 3,51
---------------
0600hrs 3,67
---------------
0700hrs 4,15
---------------
0800hrs 3,09
---------------
0900hrs 2,87
---------------
1000hrs 3,22
---------------
1100hrs 2,68
---------------
1200hrs 4,24
---------------
1300hrs 3,37
---------------
1400hrs 5,41
---------------
1500hrs PLANT DOWNTIME
---------------
1600hrs 4,48
---------------
1700hrs PLANT DOWNTIME
---------------
1800hrs PLANT DOWNTIME
---------------
1900hrs 4,85
---------------
2000hrs 4,07
---------------
2100hrs 4,08
---------------
2200hrs PLANT DOWNTIME
---------------
2300hrs PLANT DOWNTIME
---------------
Average Grade 3.65g/tAu
---------------
BELT CUT ASSAYS
Source: Central Pit 2A (2nd Cut)
Field Grade; 4.6g/t
27th MARCH 2023
BELTCUT SAMPLES ASSAYS(g/t Au)
---------------
0000hrs PLANT DOWNTIME
---------------
0100hrs 2,98
---------------
0200hrs 3,33
---------------
0300hrs 3,95
---------------
0400hrs 3,99
---------------
0500hrs 4,23
---------------
0600hrs PLANT DOWNTIME
---------------
0700hrs 4
---------------
0800hrs 4,12
---------------
0900hrs 3,25
---------------
1000hrs 3,44
---------------
1100hrs 3,44
---------------
1200hrs PLANT DOWNTIME
---------------
1300hrs PLANT DOWNTIME
---------------
1400hrs PLANT DOWNTIME
---------------
1500hrs PLANT DOWNTIME
---------------
1600hrs 3,97
---------------
1700hrs 3,1
---------------
1800hrs 4,12
---------------
1900hrs PLANT DOWNTIME
---------------
2000hrs 3,44
---------------
2100hrs 2,68
---------------
2200hrs 2,9
---------------
2300hrs 2,75
---------------
Average Grade 3.51g/t Au
---------------
BELT CUT ASSAYS
Source: Central Pit 2A (2nd Cut)
Field Grade; 4.6g/t Au
28th MARCH 2023
BELTCUT SAMPLES ASSAYS(g/t Au)
---------------
0000hrs 3,4
---------------
0100hrs 3,61
---------------
0200hrs 3,41
---------------
0300hrs 2,5
---------------
0400hrs 3,9
---------------
0500hrs 3,81
---------------
0600hrs 4,12
---------------
0700hrs 4,31
---------------
0800hrs 3,48
---------------
0900hrs 3,24
---------------
1000hrs 4,03
---------------
1100hrs 2,96
---------------
1200hrs 2,97
---------------
1300hrs 3,25
---------------
1400hrs 3,9
---------------
1500hrs 2,78
---------------
1600hrs 2,76
---------------
1700hrs 2,8
---------------
1800hrs 3,72
---------------
1900hrs 3,14
---------------
2000hrs 5,04
---------------
2100hrs 2,8
---------------
2200hrs 2,57
---------------
2300hrs 2,96
---------------
Average Grade 3.39g/t Au
---------------
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