Kavango Resources plc has identified more than 90 interpreted trap-site features, with 10 priority targets for phase I drilling, at the 6,200km2 Karakubis copper project in Botswana.
GOAL
Previous analysis of core indicated the potential for the trap sites, which the company believes are associated with “doubly plunging anticlinal fold and fault structures”.
Each potential trap sites represents a drill target which Kavango will further prioritise using induced polarisation surveys.
The surveys, over a selection of the features, will help to “discriminate faults, folds and possible lithologies.”
The company added that the first two completed holes in the 5,000m campaign had “validated” its exploration model by identifying lower D’Kar Formation stratigraphy, detecting a wide zone of hydrothermal alteration, and discovering copper sulphides and pathfinder minerals in the siltstones within the sequence.
Kavango aims to assess as many of these as possible and is also planning further phases of drilling.
Chief executive Ben Turney said that the project appeared to be “increasingly prospective for large-scale copper deposits”.
“So far, we have only processed airborne electromagnetic data over about one quarter of Karakubis.
“Our goal is to vector in on a major copper discovery.
“This is a very exciting time to be involved in Kavango.”