Kavango Resources turns focus to Karakubis copper project in Botswana

Kavango Resources PLC (LSE:KAV, OTC:KVGOF) recently commissioned a report on the prospectivity of its Kalahari Copper Belt projects in Botswana, which recommended a focus on the Karakubis copper project.

Karakubis is situated near the Namibian border and is adjacent to large landholdings held by Sandfire Resources to the north and Rio Tinto PLC (LSE:RIO) to the west.

Karakubis is immediately along strike of the Ghanzi West project where ENRG Elements has identified similar geological signatures to Sandfire’s Motheo copper mine. Kavango engaged local KCB consultant, David Catterall of Tulia Blueclay Limited (TBL), who undertook a site visit in February.

“Dave Catterall’s influence over our Kalahari Copper Belt exploration programme has been instant and meaningful,” said Ben Turney, chief executive of Kavango Resources.

“Successful exploration in the belt is challenging. Kavango has a large land package and Dave’s successful introduction has encouraged us to refocus our efforts on our prospective Karakubis project area. 

It is particularly promising that CSAMT and AEM data we have gathered independently appears to align with Dave’s regional geological interpretation. Historically, Kavango has dedicated more energy to other of its prospecting licences. 

While we will continue to advance work on these (PLs 082 and 036 in particular), Karakubis is now our main centre of attention. We now recognise that the Karakubis licences represent our greatest opportunity for the near-term detection of a metal bearing alteration system.”

Source: https://www.proactiveinvestors.com/companies/news/1006650/kavango-resources-turns-focus-to-karakubis-copper-project-in-botswana-1006650.html

1 year ago

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