Kavango plans to drill new electro-magnetic anomaly at the KSZ project in Botswana

Kavango’s modelling of KSZ indicates that the project could be endowed with major mineralisation.

Kavango Resources PLC (LON:KAV) has identified an electromagnetic anomaly in Target Area C in the Hukuntsi section of the Kalahari Suture Zone project. Designated Target C1, the conductive anomaly is located 11km from Target A2, which was first announced in April 2020.

C1 and A2 appear to lie within the same geological corridor of Karoo-age gabbro. The company now plans to drill a minimum of one hole in A2 and a minimum of one hole in C1. Drilling is to commence at the end of June.

Both A2 and C1 lie in ‘Norilsk-style’ gabbro keels. The primary objective of both holes is to recover drill core from the bottom of the keels for further analysis to test the system’s potential to host major metal sulphide deposits. The conductor at C1 is 1,200 metres by 1,600 metres and sits at the bottom of a keel, as defined by Kavango’s 3D geological model of the Kalahari Suture Zone. Under the terms of the agreement with the drill rig operator, there is potential to increase scope of drilling, once the rig is on-site and pending further data analysis.

“The ‘Norilsk Model’ for metal sulphide systems suggests deposits originally formed in clusters,” said Michael Foster, chief executive of Kavango Resources.

“In this context, it is encouraging that C1 is located relatively close to A2. We believe both targets lie potentially within the same geological corridor of Karoo gabbro. If drilling validates our interpretation of the data, this could prove to be a significant development in our attempts to unlock the Kalahari Suture Zone.”

Source: http://www.proactiveinvestors.co.uk/companies/news/952281/kavango-plans-to-drill-new-electro-magnetic-anomaly-at-the-ksz-project-in-botswana-952281.html

1 month ago

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