Kavango Resources plc said it had identified 30km strike length of distinct magnetic Proterozoic gabbro at the Kalahari Suture Zone (KSZ) project in Botswana.
REVISED MODEL
The company added that the 30km strike length was now a high priority exploration target for the detection of possible large-scale nickel-copper-platinum group element (Ni-Cu-PGE) mineralisation.
Strategic partner Spectral Geophysics has produced a revised 3D magnetic susceptibility model of the Proterozoic gabbro in Target Area A near Hole TA2DD002.
This indicated that the 30km strike length can be intercepted as shallow as 500m.
B1 CONDUCTOR
On 19 November, Kavango began drilling on the B1 Conductor target with Hole KSZDD002 at the KSZ in Botswana.
Part of the company’s exploration model is based on identifying sub-surface conductors with conductance readings greater than 1,000 Siemens.
The B1 Conductor is a cross-formational, strongly conductive geophysical anomaly that has a conductance reading of 8,200 Siemens.
This might have the potential to be a large-scale, Karoo-age nickel-copper-platinum group element (Ni/Cu/PGE) mineralisation, said Kavango.
The company expects to drill Hole KSZDD002, which is the fourth borehole of the current KSZ drilling campaign, to a depth of 650m.
SIZEABLE
Chief executive Ben Turney said that it felt as though the company was closing in on a scalable exploration strategy to crack the five-decade challenge posed by the KSZ.
“Spectral Geophysics’ updated magnetic susceptibility model of Target Area A illustrates the enormous prospective potential of our licence areas in this region.
“The 30km-long magnetised body, within the Proterozoic gabbro, is just one possible host environment for large-scale nickel/copper/platinum group element mineralisation.
“Above that sits the Karoo, which still remains a core focus of ours.
“The fact that we have at least four other sizeable target zones within 25km distance of of the 30km strike length (including the Great Red Spot) highlights how big this project is.
“The possibility of stacked plays overlying each other simply adds to the overall promise.”