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Kavango launch maiden campaign

11 October 2022 14:28
LSE: KAV
Kavango launch maiden campaign in the Kalahari

After weeks of rising momentum, Kavango Resources have put the drill into the Kalahari Copper Belt and begun its maiden drill campaign in the rich and mining-friendly sands of Botswana.

The first hole is targeting a well-defined 27km copper anomaly that contains multiple targets prospective for copper-silver mineralisation.

Thorough exploration has built up 14 priority targets over the last 18 months, culminating in a 37,600-metre drill strategy and making it a third project drilled within a calendar year after striking success at both the Kalahari Suture Zone and Ditau projects.

Soil sampling has already extended targets while adding another after forming of the initial drill strategy — and firmed up the PL082/2018 licence as a possible analogue to the 55.8 megatonne Banana Zone copper-gold deposit.

The Company said cost-effective reverse circulation drilling will enable it to cover a lot of ground in a short amount of time.

“Each hole that we drill in the Kalahari Copper Belt could lead to a significant discovery,” chief executive Ben Turney said.

“Our team has done fantastic work over the last 18 months to bring us to this point and our future exploration is a simple numbers game. The more we drill, the greater the chance we have of success.”

The first phase of drilling is expected to be completed by early next month, with samples sent off to an internationally accredited laboratory for testing.

KAV’s London Stock Exchange-listed share price was trading at 1.75 British Pence (2.24 pm UTC+ 8 hours).

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