Serval Resources PLC (LSE:SRVL) said initial field work in Namibia has confirmed copper mineralisation at surface across two key licences in the Kaoko Basin, giving the explorer a stronger base for prioritising follow-up targets.
The AIM-listed company said geological mapping on EPL 7081 and EPL 7079 confirmed multiple historically defined copper showings in outcrop, while also identifying new surface copper mineralisation on both licences.
On EPL 7081, Serval mapped about 20 square kilometres and confirmed visible copper mineralisation at the Horseshoe and Omatapati prospects. The work also refined the geological contact between the Lower and Upper Omao formations, opening up the potential to extend the Omatapati prospect to the southeast.
At Horseshoe, mineralisation was seen at the fold hinge of a large syncline, with additional expressions along the same stratigraphic unit on the northern limb. Serval said the next phase of exploration will aim to connect and extend the mineralisation along strike and investigate the southern limb.
Mapping on EPL 7079 covered 25 square kilometres across three priority areas and identified geology the company believes is closely related to the nearby Taranis/Okohongo copper-silver project, less than 10 kilometres away.
Serval also said Environmental Clearance Certificates for EPL 7079 and EPL 7082 have been renewed, allowing exploration activity to continue for a further three years.
