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Kavango identifies multiple targets on the KSZ project in Botswana

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KSZ holds potential for world class base and precious metals deposits

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Price: 2.45 GBX

LSE:KAV
Market: LSE
Market Cap: £3.94 m
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Kavango Resources Plc (LON:KAV) has completed the first phase of its airborne electromagnetic geophysical survey at the KSZ project in southwest Botswana.

The survey has identified 26 conductive anomalies across 2,000 line kilometres in the Hukuntsi area of the KSZ project.

WATCH: Kavango Resources kicks off airborne survey of Botswana project

Some of these coincide with geochemical anomalies that have been previously discovered by Kavango.

These conductive zones could indicate the presence of sulphide orebodies and have now been prioritized for ground-based follow-up that includes resistivity and induced polarisation geophysical surveys.

Meanwhile, an IP survey is also underway at the Ditau prospect, which forms part of the KSZ project, where earlier exploration by the company identified coincident geophysical and base metal anomalies.

Subject to results, drilling could commence before the end of the year;

 “We believe the under-explored area of the KSZ holds potential for the discovery of world-class base and precious metals deposits and we look forward to announcing further results in due course," said Michael Foster, chief executive officer of Kavango.

 

 

 

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Kavango Resources to list in London and advance flagship project in Botswana

Mike Moles, founder of Kavango Resources, tells Proactive's Andrew Scott they're gearing up for an Initial Public Offering (IPO) in London in the coming weeks to raise cash to help advance their Kalahari Suture Zone (KSZ) project in Botswana. Moles says  a good chunk of the money...

on 22/5/18

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