Kavango Resources PLC (LSE:KAV) (LSE:KAV) said it decided to expand the current drilling campaign at its Kalahari Suture Zone (KSZ) project in Botswana after the first drill hole was completed on the Hukuntsi (northern) section.
It has engaged Equity Drilling & Mindea Exploration and Drilling Services (Pty) to drill up to six holes in the KSZ.
"Our strategic objective in the KSZ in 2021 is 'proof of concept',” said Ben Turney, chief executive of Kavango. “If we can achieve this, the prize on offer is considerable.
The first hole reached a depth of 578 metres, the deepest hole drilled by Kavango.
“The quality of core samples is superb and provides us with exactly the raw materials we need to perform detailed rock analysis to test the KSZ's potential to host magmatic sulphide ore bodies,” said Turney.
“Although we must remain measured, we are sufficiently encouraged by what we have seen so far geologically and operationally, to expand our current drill programme in the KSZ to up to six holes.”