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Kavango higher, expects to commence drilling at Ditau in early February

The drilling follows on from a recently completed aeromagnetic survey
Kavango higher, expects to commence drilling at Ditau in early February
Exploration team on the ground in Botswana

Kavango Resources PLC (LON:KAV) saw its shares advance on Monday after the group said it will commence drilling at the Ditau prospect in early February.

Ditau forms part of the highly prospective Kalahari Suture Zone (KSZ).

WATCH: Kavango Resources to kick off next phase of airborne EM survey in Botswana

The 1,000-metre initial drill programme is designed to intersect the targets at 100 metres and 200 metres vertical depth and will involve a combination of both reverse circulation and core drilling.

The Ditau target anomalies extend north-south for at least four kilometres and represent very compelling geophysical anomalies, which are coincident with significant zinc in soil anomalies on the surface.

Zinc, which is the most mobile of the base metal elements, acts as a pathfinder for potential base metal mineralisation at depth.

"We are pleased to be able to announce the start of drilling at the first of several exciting coincident geophysical and geochemical base metal anomalies that have been identified at the Ditau Prospect, which forms part of the KSZ project,” said chief executive Michael Foster.

“The drilling is scheduled to commence shortly and results will be announced as they become available.”

In mid-morning trading, Kvango shares were 17.1% higher at 2.05p.

 -- Adds share price --

 

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