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Kavango enhance Kalahari copper

29 September 2022 16:01
LSE: KAV

As Kavango Resources spin up for a drill campaign over the Kalahari Copper Belt, soil sampling has arrived to extend known targets at licence PL082/2018 and defined a brand new one in southeast Botswana.

The new target is referred to as the Middle Zone and is nestled between the other two targets with a strike length of 1.25 kilometres and a peak copper value of 35 parts per million.

As for the other two targets, the Northern Zone had its strike length increased to 9km and its width increased to 650 metres, while the Central Zone had copper levels elevated along its 27kms of strike.

With this new information, Kavango believes that PL082/2018 is a possible analogue to the Banana Zone deposit, reporting a mineral resource estimate of 55.8 megatonnes at 1.1 per cent copper and 16.4 grams per tonne gold.

The company said the sampling underscored its rigorous drilling approach, both strengthening and extending existing targets.

“PL082/2018 is among the most promising of our 12 prospecting licences in the Kalahari Copper Belt,” chief executive Ben Turney said.

“We now have mobilised CSAMT equipment to help us learn more about the subsurface structures in this area, as a final step before drilling.”

Following the 17km line CSAMT survey Kavango will be getting the rig on site for a 36,600m drilling campaign.

KAV’s London Stock Exchange-listed share price has risen 2.97 per cent today, currently trading at 1.65 British pence (3.06 pm UTC+8 hours).

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