Proactiveinvestors Australia Kopore Metals Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Kopore Metals Ltd RSS feed en Wed, 24 Apr 2019 13:11:33 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Kopore Metals identifies copper-nickel soil anomalies in Botswana ]]> https://www.proactiveinvestors.com.au/companies/news/214324/kopore-metals-identifies-copper-nickel-soil-anomalies-in-botswana-214324.html Kopore Metals Ltd (ASX:KMT) has identified two copper and nickel soil anomalies from its Virgo group of licences in Botswana.

A total of 326 soil samples over a combined area of 28.3 kilometres were collected by Kopore and dispatched to Intertek Laboratories for analysis by the Terra Leach method, which continues to demonstrate its suitability for the Kalahari Copper Belt.

Potential for copper mineralisation

Managing director Grant Fergus said: “The Virgo group soil anomalies lie within and adjacent to the highly prospective Central Structural Corridor and within 50 kilometres of the Zone 5 and Banana Zone Copper Projects known as the two largest copper projects on the Kalahari Copper Belt.

“Two of our Virgo prospecting licences have started to demonstrate their potential for anomalous copper mineralisation and we will be actively exploring these two prospects.

“The company intends to assess the prospectivity of the two other untested licences and update the market in due course.”  

READ: Kapore Metals gets all-clear for exploration in Namibian leg of Kalahari Belt

These anomalies are coincident to the interpreted Ngwako Pan and D’Kar formation geological contact.

The largest of the two anomalies extends across 3 kilometres in strike length and is interpreted to overlay the southern end of an identified dome straddling the anticline axis.

Another soil anomaly extends 2.5 kilometres along the D’Kar and Ngwako Pan Formations contact, around 38 kilometres southwest of the Cupric Canyon Zone 5 Copper Project.

The company is working on completing the unfinished borehole at the Korong Central Domal prospect, a ground geophysical program and review of the Korong Central Domal plan.

- Jessica Cummins 

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Sun, 10 Feb 2019 23:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214324/kopore-metals-identifies-copper-nickel-soil-anomalies-in-botswana-214324.html
<![CDATA[News - Kopore Metals gets all-clear for exploration in Namibian leg of Kalahari belt ]]> https://www.proactiveinvestors.com.au/companies/news/211122/kopore-metals-gets-all-clear-for-exploration-in-namibian-leg-of-kalahari-belt-211122.html Kopore Metals Ltd (ASX:KMT) has received environmental certificates for its eight Namibian prospecting licences, opening the door to the company’s planned exploration program in the southern African nation.

The West Perth-based company is focused on exploration in the Kalahari Copper Belt, in the Republic of Botswana and Namibia.

WATCH: Kopore well positioned in 'under-explored' Kalahari Copper Belt

Kopore first pegged ground in Namibia this year after previously securing tenements at two project areas in Botswana.

The company said today the certificates were a milestone and covered the full area of its exclusive prospecting licences in Namibia.

READ: Kopore Metals licence acquisition enhances position in Kalahari Copper Belt

Kopore managing director Grant Ferguson said, “The granting of the ECCs across our Namibian prospecting licences is a positive step for the company, enabling us to commence our exploration program from January 2019.

“The company believes the granting of the ECCs further confirms the continued commitment of the Namibian government to the company’s 100%-held subsidiary, Trans Kalahari Copper Namibia.

“New regional discoveries and a steadily increasing database are providing the company with an exciting foundation to commence field exploration in early 2019.”

 

Ferguson spoke to Proactive Investors last month, saying the junior company was well positioned in the “underexplored” 1,000-kilometre Kalahari belt.

The belt consists of folded and metamorphosed meta-sedimentary rocks located along the north-west edge of Kalahari Crato.

Kopore Metals' prospecting licences along Africa's Kalahari Copper Belt

Next steps

Kopore expects to start exploration at its Omenye and Ongava Domal prospects in the first stage of its campaign.

The company has identified a copper and zinc soil geochemistry anomalism at Ongava Domal prospect, about 60 kilometres along strike from MOD Resources Ltd’s (ASX:MOD) (LON:MOD) T23 copper discovery.

Kopore plans to undertake a ground electromagnetic survey over Ongava Domal to help refine geological interpretation and determine an initial potential exploration program.

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Thu, 13 Dec 2018 02:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211122/kopore-metals-gets-all-clear-for-exploration-in-namibian-leg-of-kalahari-belt-211122.html
<![CDATA[Media files - Kopore well positioned in 'under-explored' Kalahari copper belt ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11167/kopore-well-positioned-in-under-explored-kalahari-copper-belt-11167.html Mon, 12 Nov 2018 09:12:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11167/kopore-well-positioned-in-under-explored-kalahari-copper-belt-11167.html <![CDATA[News - Kopore Metals license acquisition enhances position in Kalahari Copper Belt ]]> https://www.proactiveinvestors.com.au/companies/news/198645/kopore-metals-license-acquisition-enhances-position-in-kalahari-copper-belt-198645.html Kopore Metals Ltd (ASX:KMT) has increased its footprint in the Kalahari Copper Belt, located in Botswana.

The belt stretches for 1,000 kilometres and consists of folded and greenschist metamorphosed metasedimentary rocks along the north-west edge of the Kalahari Crato.

In total the belt hosts resources of 7 million tonnes of copper and 260 million ounces of silver, and is an underexplored emerging copper province with major development projects including Cupric Canyon Capital’s Zone 5 deposit and MOD’s T3 deposit.

Kopore acquires tenements

Kopore has now acquired four additional prospecting licences for copper and silver, comprising an area of 767 square kilometres.

This increases the company's wholly-owned prospecting licence area to 8,658 square kilometres on the Kalahari Copper Belt.

Importantly, the newly acquired licences are adjacent to Cupric Canyon Capital’s Banana Zone and Zone 5 Deposits, containing around 3 million tonnes of copper.

The licences cover the prospective D’Kar and Ngwako Pan Formations with favourable structural positions, associated with major copper deposits in the region.

Consideration

Kopore has used a very cost effective deal to increase its position, and consideration includes the payment of A$25,000 in cash and the issue of 1.5 million shares.

There are also addition share payments based on performance milestones.

Kopore last traded at 3 cents.

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Tue, 12 Jun 2018 09:58:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198645/kopore-metals-license-acquisition-enhances-position-in-kalahari-copper-belt-198645.html