Kibo Minings notes development work at Imweru has begun
Kibo Mining noted Tanzinia-focused Katoro Gold's statement that development work on the Imweru gold project has officially begun.
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"Operational teams were deployed to site over the past week and the first drill rig is expected to arrive on 1 June 2017," said Katoro.
"With the site and drill pad preparation already complete, drilling will commence immediately once the rig arrives on site," that company added.
Kibo owned about 57.1% of Katoro, following a spin-off earlier this month. Katoro holds the Imweru and Lubando gold projects in Tanzania.
At 13:21 BST, shares in Kibo were flat at 5.12p each.