Kavango Resources PLC (LSE:KAV, OTC:KVGOF) demonstrated the discovery potential of its Kalahari Suture Zone project in Botswana following a comprehensive review of all available exploration data.
“Kavango has now completed the most comprehensive and successful exploration programme ever conducted on the Kalahari Suture Zone (KSZ),” said chief executive Ben Turney.
“When Kavango first set out on this project it was purely conceptual in nature. Today, we have assembled a significant data set that validates the discovery potential."
A "proof of concept" exploration programme provided geochemical proof of magmatic nickel-copper-platinum group elements (PGE) mineralising processes throughout the project and identified previously unrecognised PGE potential in the KSZ South.
It also provided technical confirmation of major large-scale targets. It showed the potential for nickel-copper (and possibly PGE) massive sulphide in the KSZ North; and the potential for low sulphide PGE (and possibly nickel-copper) and nickel-copper (and possibly PGE) massive sulphide encompassing KSZ North and KSZ South.
“We are the first company to demonstrate that mineralising processes have occurred throughout the KSZ, based upon evidence of nickel, copper and PGE depletion and enrichment. This suggests there is a high likelihood that potentially economic magmatic mineralisation may exist, both within the Karoo and the Proterozoic Tshane Complex.”