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Kavango Resources Complete Geophysical Survey’s at Kalahari Copper Belt Project

19 January 2024 07:56
Kavango

Kavango Resources PLC (LSE:FCM) has completed a series of airborne geophysical survey’s across its Kalahari Copper Belt (KCB) Project, located in Botswana, providing detailed mapping of the Project to identify drill targets.

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Figure 1: Preliminary data from the completed NRG survey overlaid on a backdrop of geology and regional magnetics

Helicopter-borne Survey

The geophysical surveys were commenced in December last year by New Resolution Geophysics, via helicopter and XciteTM Electromagnetic, Gravity, and Magnetic survey equipment.

This multi-parameter airborne geophysical system was specifically designed to generate superior resolution of the KCB geology, ultimately proving a more detailed mapping of the Project.

Kavango ascertains from these results, it will be able to identify high confidence drill targets for a later drilling campaign.

The airborne survey was flown in two blocks. Block 1A encompassed PL046/2020, PL049/2020, PL052/2020, PL053/2020 and Block 1B covered PL205/2016.

The Company anticipates the final processed data will be available by the end of February this year after its inverted and modelled by EMergo.

Kavango will then identify target zones for ground geophysical follow-up and drill target identification.

The Kalahari Copper Belt Project

The exploration work expands on airborne geophysical surveying already conducted on PL203/2016 and PL127/2017, two adjacent Prospecting Licences recently acquired by Kavango.

Kavango purchased the six prosepecting licenses from ENRG Elements (ASX:ENRG) in November 2023, aiming to strengthen the Company’s ongoing copper and silver exploration program and reaffirm its commitment to tap into the region’s mineral potential.

The acquisition strategically expanded Kavango’s landholding within the dynamic Kalahari Copper Belt, with a contiguous Project area adjacent to the existing Karakubis Block and South Ghanzi Block covering 7,629 square kilometres.

Company Comments

Kavango Resources Chief Executive Officer Ben Turney said that the Company is now working on two main areas of interest in its Copper Belt licences.

“Since acquiring the ground from ENRG last year, we’ve become increasingly confident in the potential of the contiguous land package we control,” he said.

“I would like to thank New Resolution Geophysics for successfully completing this extensive airborne survey over our Block 1A and Block 1B licences. 2,428-line kilometers were flown in 35 days.”

“The results stand to improve our understanding of the host geology greatly, as well as the alteration and mineralisation potential on our large KCB project area.”

“This will shape our next exploration steps, including the definition of target areas for follow-up ground geophysics ahead of planned drilling later in the year.”

KAV’s London Stock Exchange-listed share price is currently selling at 0.65 GBX (7.45am UTC+ 8 hours).

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