Kanye Resources plc announced encouraging results from soil sampling at the South Ghanzi project in the Kalahari Copper Belt (KCB), Botswana.
The company is a 50-50 joint venture between operator Kavango Resources plc and Power Metal Resources plc with both sharing exploration costs.
Kavango extended infill soil sampling from 5.5km to 11km which led to the identification of the Happy target.
A total of 150km of soil sampling lines have been completed over the Acacia, Morula and Happy targets.
A total of 2,105 soil samples have been taken over all the targets with 1,199 samples returned copper-in-soil readings >30ppm Cu; and 1,050 samples returned zinc-in-soil readings >29ppm Zn.
Zinc is considered to be a ‘pathfinder’ element for sedimentary hosted copper-silver deposits.
MORULA
Eleven additional sample lines over the Morula target confirmed that the geochemical anomaly is longer than 18km.
Its width varies between 800m and 2.4km along its extent and it is open along strike in both directions towards northeast and southwest.
Results also included 63 highly anomalous copper readings of >45ppm Cu, with five of >62ppm Cu.
Zinc-in-soil results closely correlate with copper readings including 95 highly anomalous zinc readings of >71ppm Zn, including 9 results >91ppm Zn.
The new copper/zinc-in-soils anomaly have been identified as the Happy target.
HAPPY
The Happy target is 5km long and 700m wide.
Soil sampling returned readings with significant concentrations of copper including 33 samples between 35ppm to 57ppm copper, and 28 samples assaying between 71ppm to 86ppm zinc.
PLANS
The JV will carry out induced polarization (IP) and audio-frequency magnetotellurics (AMT) surveys to define drill targets.
Further soil sampling will be conducted on Acacia, Morula, Happy and other targets in the South Ghanzi project.
Kavango chief executive Ben Turney said that even though the soil sampling results painted a compelling picture the company remained grounded.
“Morula is big. As exciting as the development of Morula is, we will only ever be able to prove if there is an economic resource there by drilling.
“We expect the environmental management plan to be awarded in the very near future.
“At that point we can finalise plans for mobilising a rig to the South Ghanzi project.”