Kavango Resources PLC (LSE:KAV, OTC:KVGOF) has identified a cluster of three electromagnetic conductors within Target Area B in the northern Hukuntsi section of its Kalahari Suture Zone project in Botswana.
The size and orientation of these conductors conform to an idealized model of the famous Talnakh and Kharaelakh massive sulphide nickel-copper-platinum group element orebodies at Norilsk in Russia.
Kavango has ranked the three electromagnetic conductors as priority targets for future drilling.
The three conductors are in close proximity to one another and provide the first evidence in the KSZ of a cluster of drill targets, similar to clusters observed at Talnakh and Kharaelakh.
"These are some of the most outstanding exploration results Kavango has delivered in the Kalahari Suture Zone,” said Kavango chief executive Ben Turney.
“We now have three significant drill targets in close proximity to one another, in our hunt for 'Norilsk model' nickel-copper-platinum group element ore bodies. The primary objective of this phase of time-domain electromagnetics was to define comprehensively the B1 Conductor. We achieved this and, pending final modelling of the 14,350 Siemens B1 Conductor it will be drill-ready. This is a high priority drill target.”
With a roughly 9km2 area of investigation per loop, surface TDEM surveys also enabled Kavango to pick up other potential conductors in the vicinity of B1. In the case of the Loop 10 survey, two more conductors were detected to the north.
“We immediately recognised the potential significance of this and arranged for two further TDEM loops, Loops 11 & 12,” added Turney.
“We were delighted to receive these results. These confirmed the presence of conductors B3 & B4, which both exhibited preliminary modelled conductance readings of 4,350 Siemens and are now also priority drill targets for Kavango.”