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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The review, using a Mineral Systems Approach, has been completed by Dr David Holwell, of D&D Geoconsultants, a leading authority on the development of Copper-Nickel-Platinum Group Metals sulphide deposits associated with magmatic systems
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A glance at some of the day's highlights from the Proactive Investors newswire
Attention has been focused on important desktop work following successes in the field last year, the group said
There is huge upside on both of Kavango's main exploration projects
Kavango already has an extensive portfolio of exploration ground in-country
Kavango is now mulling the use of down-hole EM surveying and/or the use of much more powerful transmitters from surface to locate mineralisation.
Botswana is one of the most stable and attractive mining jurisdictions in Africa
Next steps will be the application of downhole geophysical techniques to locate accumulations of metal sulphides within the gabbro
Michael Foster, Kvango's chief executive said: "We are highly encouraged by the discovery of disseminated metal sulphides in gabbro sills"
Thus far the early-stage programme in Botswana has “demonstrated the effectiveness of the company's exploration methodology”.
Kavango has a highly attractive base metals exploration portfolio in Botswana
“The drilling company has been mobilized and within a short period of time we will be drilling on the KSZ."
A contract with a local drilling company is likely to be signed before the end of September
The Ditau project has turned up 10 magnetic ring structures and extensive areas of fenitization, both of which are prospective for the carbonatites that can host rare earth elements
Chief executive Mike Foster said he was pleased to be farming into what its "regarded as one of the world's most promising under-explored copper provinces"
Kavango is targeting major base and precious metals deposits in Botswana
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Kavango intends to carry out further geophysic programmes and drilling later this year.
