Proactive Investors - Run By Investors For Investors

Kavango Resources pleased with drilling indications at Ditau in Botswana

Ditau, which forms part of Kavango's KSZ Project, is underlain by magnetic and gravity anomalies
Ditau has potential to be a sizeable deposit

Kavango Resources PLC (LON:KAV) believes it has a sizeable mineral deposit at Ditau in Botswana after the completion of initial drilling.

Michael Foster, chief executive, said:  "We are extremely encouraged that the geophysics, geochemistry and the initial drilling which we have now completed at Ditau have been very successful in predicting a prospective hydrothermal system under complete cover.

“The large system displays important ingredients for mineral deposit(s), such as intrusives for heat and metal source, receptive overlying sediments with accompanying alteration and anomalous metal values. "

Ditau, which forms part of Kavango's KSZ Project, is underlain by magnetic and gravity anomalies that suggest a 7km x 5km intrusive body at depth.

Two holes have been drilled so far with the second hole (DitDDH2) finally stopped at 557.34m.

View full KAV profile View Profile

Kavango Resources PLC Timeline

Related Articles

gold mining site
February 06 2019
The company is testing nine separate high-grade targets, including the Machiche target, which has never been tested before
March 05 2019
The deal transforms Royal Road into a major player in one of the world's most prospective gold districts
Ilmenite ore
January 02 2019
The upgraded resource, which now stands at 101mln tonnes at 7.1% ilmenite, comes as the group prepares to publish a pre-feasibility study in the first quarter of 2019

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use