Kavango Resources PLC (LSE:KAV, OTC:KVGOF) said it has identified further evidence of a potential wider mineralised system at the i10 target on the Ditau project in southwest Botswana.
Logging two historic exploration holes in the vicinity of Kavango’s DITDD004 hole drilled a year ago, both exhibited clear evidence of mineralisation, it said.
One of these holes, X077, is 470 metres (m) from DITDD004 and remains open at depth, with Kavango considering drilling a twin hole to test the target. The other hole, X081, is 3km to the southwest of DITDD004 and was drilled to a depth of 144m. Samples from both historic holes have been sent for assay testing.
Ben Turney, Kavango’s chief executive, added: “Gaining access to exploration holes X077 and X081 via the Botswana Geological Institute could prove to be decisive in our Ditau exploration programme.
“X077 has already demonstrated the potential strike extent of the thick mineralised Banded Iron Formation we intercepted with our hole DITDD004 last April.
However, the identification of X081 opens an even more intriguing line of investigation for us.
“Evidence of intense local hydrothermal activity and the clear presence of iron oxides and sulphides strengthen the possibility of a regional exploration play.”
