Kavango Resources PLC (LSE:KAV, OTC:KVGOF) has completed the first downhole electromagnetic survey on Hole KSZDD002 at KSZ in Botswana to a depth of 350m with strong indications of electrical conductivity.
Ben Turney, Kavango’s chief executive, said: "We now have the clearest indication yet that Hole KSZDD002 is on course to intercept a major conductor.
“What that conductor is remains to be seen, but I am extremely grateful for the effort our partners have put into completing the first downhole EM survey.
“This drilling campaign in the Kalahari Suture Zone has been a major engineering challenge. Completing downhole EM has proven to be particularly difficult, because we have had to case the boreholes to protect their integrity.
“Given the importance of the B1 Conductor in testing our geophysical exploration methods, we knew we had to do everything we could to complete this first survey.
"Spectral went to great lengths to ensure we had equipment on site to perform the survey as soon as the drillers were ready.”