07:00 Mon 10 Dec 2018
Kavango Resources - Significant drill targets identified in Botswana
PRESS RELEASE
10 December 2018
("Kavango" or "the Company")
SIGNIFICANT DRILL TARGETS IDENTIFIED IN
Ground based Audio-frequency Magnetotellurics (AMT) surveys have now been conducted over the northern part of the KSZ project and also over the Ditau Prospect area within the
HIGHLIGHTS:
· Ground based AMT surveys (see below for definition and links to images) have now been carried out over 6 of the 26 conductors identified in the AEM survey (Phase 1) in the northern part of the
· Selection for ground follow up was based on the strength of the conductors and the coincidence of a zinc in soils anomaly on the surface above the conductor. Zinc, which is the most mobile of the base metal elements (i.e. goes into solution easily) acts as a pathfinder to mineralisation at depth.
· Several of the conductors appear to be large, steeply dipping bodies that may represent mineralization from near surface down to at least 400m from the surface. These conductors all represent potential drill targets.
· The ground follow-up programme will continue in the northern part of the
· At the Ditau Prospect, which has a strike of over 7km, multiple lines of AMT surveying have now identified two elongated conductors extending from just below the surface to depths in excess of 600m.
· The two Ditau conductors are open at both ends and extend north-south for at least 4km and represent very compelling geophysical anomalies which are both coincident with strong zinc in soil anomalies.
· The Ditau magnetic body is associated with a significant gravity anomaly and probably represents a mafic intrusive at depth. These conductors represent prime priority drill targets for the first part of next year.
· The remarkable coincidence of significant (probably mineralised) EM conductors at depth with zinc in soils anomalies on surface represents compelling evidence that Kavango's soil sampling technique is able to detect mineralisation above considerable depths of cover.
· The Company believes that a combination of AEM surveying, zinc in soils geochemistry and AMT ground based resistivity surveying will continue to identify multiple high quality drill targets over the coming months.
"We are extremely pleased to be able to report that the initial AEM survey results show that a number of the conductive anomalies identified coincide with significant geochemical (zinc in soil) anomalies.
Priority targets have now been followed up on the ground with AMT resistivity surveys and exciting potential drill targets have been identified, including at the Ditau Prospect, which forms part of the
It has been highly encouraging to note the effectiveness of Kavango's exploration strategy and techniques, which are already beginning to deliver positive results.
The Company, which was only listed at the end of July, is already identifying drill ready targets which should only increase with further flying. The Company remains fully focused in its pursuit of the discovery of world class mineral deposits within the
Notes for Editors:
Kavango's 100% subsidiary in
The area being explored displays a geological setting with distinct similarities to the Norilsk deposits in
Geophysical techniques such as Induced Polarisation (IP) and Controlled Source Audio-frequency Magneto-Tellurics (AMT) penetrate below the over-lying Kalahari sand cover and Karoo sediments which extend over much of
Kavango geologists have developed a high resolution soil sampling technique to detect ultra-fine metal particles which have been transported in solution from considerable depths of burial to the surface by capillary action and transpiration. Evaporation leaves the metal ions as accumulations within a surface "duricrust" which is then sampled and analysed. Zinc, which is the most mobile of the base metal elements (i.e. goes into solution easily) acts as a pathfinder to mineralization at depth.
Click on the link below to see the AMT images:
https://www.kavangoresources.com/images/2018/12/08/rns-10-dec-8-fig1-3.jpg
For further information please contact:
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+44 20 3651 5705 |
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+44 20 7917 6824 |
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Nick Emerson / Alan Gunn
Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com
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