Kavango Resources PLC (LON:KAV)has announced encouraging initial results from airborne electromagnetic (AEM) surveys flown over its interests in the Kalahari Copper Belt (KCB) in Botswana.
The initial results correlate with results from other exploration efforts, including Kavango’s interpretation of regional geological structures and confirm areas of interest identified by previous soil sampling and ground magnetic surveys.
“We are confident in the results we’ve seen so far across our various interests in the KCB,” said chief executive, Michael Foster.
“Although we are at an early stage of exploration, it is pleasing to see different early data sets correlate to one another.”
The company said its priority is to identify targets for test drilling in the second half of the year.
“The preliminary AEM anomalies are associated with a number of plunging fold hinges that represent potential drill targets,” the exploration company said.
Data from the AEM surveys will undergo final processing and more comprehensive analysis with results expected later in the spring. The KCB extends for almost 1,000km from northeast Botswana to western Namibia. Kavango’s projects in the KCB include a 50% working interest in the South Ghanzi project, alongside partner Power Metal Resources PLC (LON:POW) and 90% in the LVR project.
