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Kavango pushing the boundaries of the Kalahari

20 February 2023 12:33
LSE: KAV

Kavango Resources have completed drilling on licence PL082/2018, wrapping up a 1885.59 metre program using a combination of reverse circulation and diamond drilling across seven holes in the Botswanan end of the Kalahari Copper Belt.

The program confirmed two out of three technical objectives and made significant progress on a third as the company executes a 37,600-metre drill campaign over 14 priority targets, with each drill hole carrying the potential to make a significant discovery.

Of the objectives, Anticlines and synclines were correctly identified by CSAMT, lining up with the interpretation of Kalahari copper expert consultant Dave Catteral, and the geological investigation method also clearly interpreted zones of structural disturbance, brecciation and alteration, which were confirmed in drill core.

Drilling was also directed at intersecting the interpreted Ngwako Pan/D’Kar contact, and although not intercepted, a massive sandstone unit was and matched the resistive signature on the CSAMT inversion, leading to Kavango concluding the contact lies at greater depth and that it was successful in identifying stratigraphic boundaries.

The company said it had been testing targets conventionally and with innovative geophysics to push boundaries and identify new exploration opportunities.

“The northern geochemical anomaly on PL082 was a significant target, over which CSAMT had identified a significant, steep zone of structural disturbance and alteration. This was successfully intersected in hole KCBRD005 with evidence of fluid flow and alteration, although metal values were not present at elevated levels at the depths tested,” chief operating officer Brett Grist said.

“We had then aimed to intersect the D’Kar/Ngwako Pan contact and possible mineralisation. Drilling on PL082 has indicated that we are higher in the D’Kar sequence than we had originally interpreted.

“This means we can make a clear decision to pause work on this licence for now and move to other targets that now appear more prospective, and which we have been working on in parallel to this drill campaign.”

A recent geological review of its holdings has led to Kavango concluding that its four prospecting licenses near the Namibian border offer evidence of shallower stratigraphy, with neighbouring explorer ENRG Elements understood to host signs of mineralisation and domal structures at its licenses.

The area is now the top priority for Kavango exploration in the region, with preliminary results of its review imminent and samples from two holes have been sent to an internationally accredited laboratory to verify metal values.

KAV’s London Stock Exchange-listed share price is currently trading at 1.22 British Pence (12.16 pm UTC+ 8 hours).

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