HomeEast AfricaCaracal Gold takes delivery of two drill rigs

Caracal Gold takes delivery of two drill rigs

Caracal Gold has announced the arrival of two drill rigs in-country ahead of commencement of diamond drilling and reverse circulation drilling programmes.

This follows the renewal of Caracal’s Prospecting Licence as announced 17 November 2021.

Chief executive of Caracal Gold Plc, Robbie McCrae, said:

“The commencement of our 3,000 m diamond drilling and 10,000 m regional reverse circulation drilling campaign marks the next exciting phase in Caracal’s growth trajectory as we seek to build out our gold resource to over 2 Moz”.

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The weeks and months ahead are crucial for Caracal as we not only commence our drilling campaign and continue our mine expansion activities but also as we pursue acquisition opportunities in the East Africa region, which are at an advanced stage with a number of parties. We look forward to updating the market on developments shortly.”