Kavango Resources PLC (LSE:KAV, OTC:KVGOF) announced it received a preliminary independent report for two of its holes that “appear to be prospective” for nickel carbon monoxide copper sulphide mineralisation.
The petrology report tested ten samples from two holes drilled to a depth of 1,000m in the Kalahari Suture Zone in Botswana.
Samples from holes TA2DD002 and KSZDD001 reportedly showed “clear evidence of magmatic sulphides,” with sulphides that “commonly range from 0.02mm to 0.4mm in grains size.”
The report added that ultra-fine secondary sulphides are sporadically present, and evident where the “olivine and/or orthopyroxene are affected by retrograde alteration.”
It also said that “more work needs to be done to determine the potential of these rocks to host economical viable nickel carbon monoxide copper sulphide mineralisation.”
“The Preliminary Petrological report for Holes TA2DD002 and KSZDD001 gives us further evidence that the Proterozoic gabbro in the Kalahari Suture Zone is becoming an important exploration horizon for the company,” said chief executive Ben Turney.
“Although the report is preliminary at this stage, it is an encouraging indicator of both systems' potential that the Proterozoic rocks we encountered appear to be prospective for nickel/copper massive sulphides,” Turney added.