Kavango reports copper indication from drilling at KSZ
“Important steps remain for us to evaluate thoroughly what we have discovered"
Company
LON:KAV
Kavango Resources plc is a Southern Africa focused metals exploration and gold production company. The company is unlocking the mineral potential of Southern Africa through a focused, dual-track strategy.
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“Important steps remain for us to evaluate thoroughly what we have discovered"
Double shift drilling has started on its second hole in the Hukuntsi section of the KSZ
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Kavango Resources (LON:KAV) 4.85p, Mkt cap £22.2m – Exploration progress at KSZ Hukuntsi Kavango reports that it has successfully completed the first geological borehole in Target area A of the Hukuntsi section of the Company's Kalahari Sut
The drill rig is being moved 1,000 metres to start work on the second hole
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Scotgold Resources* (LON:SGZ) 63p, Mkt Cap £35m – Cononish operations update Mining operations continued uninterrupted in July reporting stronger mined tonnages and higher grades. Additionally, ore thickness is reported wider than expected
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Petra Diamonds “managed to make use of improving market conditions towards the end of the Period to dispose of low value stock built up in previous periods; this resulted in additional sales of US$3.1m, releasing ca. 141,000 carats, which c
Kavango is looking for 'proof of concept' that the Karoo-age gabbros in the KSZ have the potential to host magmatic sulphide ore bodies
The maps... paint a compelling visual picture, but we remain grounded at this stage"
Kavango's shares have risen more than 60% over the past few months
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Power Metal Resources* (LON:POW) 2.4p, Mkt cap £27m – Drill targets identified at Ditau Project, Botswana Kavango Resources (KAV LN) 5.9p, Mkt cap £21.5m (Ditau is held in a 50/50 Joint Venture with Kavango Resources and Power Metal Resourc
"Targets are relatively shallow, which should make it straightforward to determine this project's potential.”
Kavango has an extremely prospective portfolio of exploration assets in Botswana
The company added that targets appear to be close to the surface, with minimal sand cover and estimated intercept depths of 120m to 200m
Kavango's modelling of KSZ indicates that the project could be endowed with major mineralisation
Mindea Exploration and Drilling Services (Pty) will drill a minimum of two 500 metre "proof of concept" holes
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Bacanora Lithium (LON:BCN) – Bacanora grants extension to Ganfeng offer Cora Gold (LON:CORA) – £3.1m placing Kavango Resources (LON:KAV) – Copper-silver targets identified on KCB licenses Nordgold – Expecting to list in London capitalising
Kavango has the right to acquire a 90% interest in the licences
Some of the weeks mining and exploration stories in a snapshot
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Beowulf Mining* (LON:BEM) – Updated corporate presentation Bushveld Minerals* (LON:BMN) – Q1 report highlights continued optimisation of expansion plans for Vanchem and Vametco Berkeley Energia Ltd (LON:BKY) – Amendment to draft climate-cha
The South Ghanzi project licences lie within the Central Structural Corridor of the Kalahari Copper Belt immediately south of the town of Ghanzi.