Kavango Resources reports on highly encouraging TDEM results
The KSZ project shows notable similarities to the famous Norilsk project in Russia
Company
LON:KAV
Kavango Resources plc is a Southern Africa focused metals exploration and gold production company. The company is unlocking the mineral potential of Southern Africa through a focused, dual-track strategy.
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The KSZ project shows notable similarities to the famous Norilsk project in Russia
To date the Kalahari Suture Zone has shown intriguing similarities to the famous Norilsk deposit in Russia
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The company aims to identify targets for test drilling in the second half of the year
The methodical, scientific approach taken by Kavango has generated an impressive dataset already
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It’s not as outlandish a proposition as it sounds, given the geological structures that Kavango is beginning to uncover on its Kalahari Suture Zone project in Botswana.
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A glance at some of the day's highlights from the Proactive Investors newswire
The Kalahari Suture Zone could turn out to be transformational for the company
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A glance at some of the day's highlights from the Proactive Investors newswire
The latest independent consultant's report on core samples from 2019's drilling campaign on the KSZ confirmed two more characteristics that KSZ shares with the PGMs-rich Norilsk deposits in Russia
Mira Geoscience will model for potential subsurface trap zones that occur in association with the conduits at depths of up to 300 metres from surface.
The licence terms are for an initial period of three years, however, they can be extended to seven, with Kavango adding that the acquisition of further licences is currently underway
The company, which is targeting the discovery of mineral deposits in Botswana, noted the country had “dealt admirably” with COVID-19 and is already easing travel restrictions
The Kalahari Suture Zone has the potential to be a world-class copper, nickel and platinum group deposit, the company reckons
Michael Foster, chief executive, highlighted the targets at KSZ as “highly attractive”.
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The review, using a Mineral Systems Approach, has been completed by Dr David Holwell, of D&D Geoconsultants, a leading authority on the development of Copper-Nickel-Platinum Group Metals sulphide deposits associated with magmatic systems
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A glance at some of the day's highlights from the Proactive Investors newswire
Attention has been focused on important desktop work following successes in the field last year, the group said
There is huge upside on both of Kavango's main exploration projects
Kavango already has an extensive portfolio of exploration ground in-country
Kavango is now mulling the use of down-hole EM surveying and/or the use of much more powerful transmitters from surface to locate mineralisation.
Botswana is one of the most stable and attractive mining jurisdictions in Africa
Next steps will be the application of downhole geophysical techniques to locate accumulations of metal sulphides within the gabbro
Michael Foster, Kvango's chief executive said: "We are highly encouraged by the discovery of disseminated metal sulphides in gabbro sills"
Thus far the early-stage programme in Botswana has “demonstrated the effectiveness of the company's exploration methodology”.
Kavango has a highly attractive base metals exploration portfolio in Botswana
“The drilling company has been mobilized and within a short period of time we will be drilling on the KSZ."
A contract with a local drilling company is likely to be signed before the end of September
The Ditau project has turned up 10 magnetic ring structures and extensive areas of fenitization, both of which are prospective for the carbonatites that can host rare earth elements
Chief executive Mike Foster said he was pleased to be farming into what its "regarded as one of the world's most promising under-explored copper provinces"
Kavango is targeting major base and precious metals deposits in Botswana
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A glance at some of the day's highlights from the Proactive Investors newswire
Kavango intends to carry out further geophysic programmes and drilling later this year.
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A glance at some of the day's highlights from the Proactive Investors newswire
A total of 489 core samples were prepared by Intertek Laboratories in Johannesburg and assayed for 65 elements by Genalysis Laboratories in Australia using aqua regia digest with ICP finish.
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A glance at some of the day's highlights from the Proactive Investors newswire
Kavango believes enlarging the licence area could enhance the prospects of a farm-in
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The UK's premier share index closed around 73 points higher at 7,499, while FTSE 250 was also up - around 170 points to 19,632
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The firm said it had completed processing of data from a Phase 2 airborne electromagnetic survey over the northern section of its licences and was now working to identify the best targets for drilling
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The UK blue-chip share index finished up around four points at 7,218
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Ditau, which forms part of Kavango's KSZ Project, is underlain by magnetic and gravity anomalies
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The company, which is on the lookout for minerals in Botswana, has barely paused for breath since joining the London Stock Exchange last summer
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Kavango has over 9,000 square kilometres of prospective ground in Botswana
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The UK's premier share index closed down around 30 points at 7,177
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The Kalahari Suture Zone could host significant base metals deposits
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Bercow says the government can only bring back the vote if there has been substantial 'change' to the Brexit deal
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The money raised will go towards exploration on the Kalahari Suture Zone
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Footsie finished up around 49 points at 7,183, while the FTSE 250 finished up nearly 32 points at 19,443
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The exploration firm said it had raised the funds through the placing of around 17.9mln new shares at a price of 2.8p each, a 14% discount to its last close price of 3.25p
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The UK blue-chip index finished around five points ahead at 7,183
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The drilling follows on from a recently completed aeromagnetic survey
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The helicopter-borne survey will employ the most advanced technology
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The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
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Kavango has made rapid progress since its listing in July
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The UK premier index finished down around 56 points at 6,721 on Monday
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The company's total landholding now amounts to more than 9,200 square kilometres
The UK's premier index of leading shares closed down seven points, or 0.10% at 7,042
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A glance at some of the day's highlights from the Proactive Investors newswire
KSZ holds potential for world class base and precious metals deposits
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Britain's blue-chip benchmark finished up around 31 points at 7,029
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A glance at some of the day's highlights from the Proactive Investors newswire
The flying phase of Kavango's exploration programme (2,000-line kms) over the northern region (Hukuntsi area) of the KSZ is underway, said the company
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