Kavango Resources plc said it had identified the upper edge of a conductive anomaly from an initial downhole electromagnetic (DHEM) survey at its Kalahari Suture Zone (KSZ) project in Botswana.
SURVEY
The DHEM survey, completed to a depth of 1.001m, was in drill hole TA2DD002 which is the second of the current drill campaign.
Kavanago said that 350m of continuous altered Proterozoic-age core was recovered from 651m to 1,001m – the single largest amount ever retrieved from the KSZ.
Spectral Geophysics will use a 1,500m winch to complete a follow up DHEM survey to the bottom of TA2DD002.
A DHEM survey will next be conducted on KSZDD001 followed by analysis of all DHEM data and consultation with independent experts.
EXPLORATION LEADS
Chief executive Ben Turney said that the Proterozoic was currently the company’s primary exploration focus in Target Area A, and the Karoo remained the main focus in Target Area B (KSZDD001).
“There is still much for us to do, but we have definitive exploration leads, backed by physical core data from the ongoing drill campaign.
“This data should help constrain future modeling and will hopefully significantly improve results to guide our evolving exploration strategy in the KSZ.”
LICENCES
Kavango’s 100% Botswana subsidiary, Kavango Minerals (Pty) Ltd, holds 16 prospecting licences covering 8,831.1km2 for copper-nickel-PGM rich sulphide ore bodies.
The company says that its licensed area displays a geological setting with distinct similarities to those hosting world class magmatic sulphide deposits such as at Norilsk (Siberia) and Voisey’s Bay (Canada).