Kavango Resources has unearthed what it said appears to be signs of copper mineralisation in pyroxenite at 651m from surface at its Kalahari Suture Zone (KSZ) exploration project in Botswana.
The hole, TA2DD002, is currently being drilled in the northern (Hukuntsi) section of the 100% owned KSZ project.
Ben Turney, Kavango’s chief executive, said: "We made immediate contact with ultramafic magmatic rocks and visible sulphides, as the Proterozoic was intersected at 651m.
“The presence of chalcopyrite (copper sulphide) is an indicator of further potential mineralisation in the system, though quantities and grades are yet to be determined.
“While this is an encouraging development in our efforts to prove the concept of the Kalahari Suture Zone, important steps remain for us to evaluate thoroughly what we have discovered.
"We expect to continue drilling Hole TA2DD002 further into the Proterozoic structure and are in discussions with Mindea and Equity Drilling about the further depth that can realistically be achieved.
“Once drilling is complete on Target Area A we will mobilise the rig to Target Area B. In parallel to this we will send core samples collected from Target A for relevant assays and whole rock analysis."