Kavango Resources PLC (LSE:KAV, OTC:KVGOF) said it identified four drill targets at its Kalahari Copper Belt (KCB) licence PL036/2020 in Botswana.
A high-resolution, close-spaced soil geochemical programme identified four targets with more than 15 parts per million copper anomalies.
Three of the targets conform to previously identified Acacia, Morula (western portion) and Happy target areas, while the other identified a new target area (Kudu) to the north east of Acacia.
"Through an intensive soil sampling programme across our KCB licences, we have sought to achieve enhanced target resolution ahead of drilling,” said chief executive Ben Turney. “Not only have we achieved this, but through the close spacing of samples we have also identified a previously unidentified and prospective structure, which is now being followed up.”
Kavango recently announced that it had located several key Ngwako Pan-D'kar formational contacts, closely associated with multiple copper-silver deposits and discoveries elsewhere in the KCB, across several of its license areas.
“The combined soil sampling and geological mapping, which has recently successfully identified multiple instances of the key Ngwako Pan-D'kar formational contact in our licences, is helping us sharpen our drill targets,” said Turney.
“The next steps will be to upgrade our geophysical interpretation of data we acquired in 2021 and complete some infill soil sampling where necessary.”
Kavango also said a targeting programme is ongoing on licences PL082/2018 and on the Mamuno licence package and that it is expected to be completed before the end of August.