Saturday, October 31, 2020

Explorer pursues world class mineral deposits in Botswana

Exploration company Kavango Resources, which believes that Botswana’s belly is hiding some world class mineral deposits, has announced the next stages in uncovering these precious metals through narrowing down high potential drill targets. 

The London Stock Exchange (Standard List) listed explorer on Wednesday disclosed to the markets that in the coming months, the company will be focused on discovering copper, nickel and platinum group element (PGE) metals at its Kalahari Suture Zone (KSZ) project. The company said it will identify high-potential drill targets to penetrate “underground traps”. 

The exploration plan is guided by Dr. David Holwell’s Mineral Systems Review of the KSZ, which was announced last month. Part of the preparations involves ongoing data analysis work in the current and next quarter, which include completion of 3D Underground Geological Model of northern part of the KSZ. Kavango Resources added that field work and sample collection will commence once lockdown in Botswana is over.  

“Over the coming months we expect to make significant progress in validating our view that the underexplored KSZ is host to world class Copper-Nickel-PGM deposits . Kavango has gathered more exploration data on the KSZ than any other company,” said  Michael Foster, chief executive officer of Kavango Resources. 

“All our efforts to date have consistently confirmed the KSZ’s significant potential. Our goal now is to deepen our understanding of the region’s geology and to confirm our next targets for field exploration.”

He revealed that the analyses they are completing will guide preparations for the next extensive drill campaign to maximise chances of success. 

“I look forward to providing further updates on the results of our work, including a future drilling timetable once complete,” he added.

Last year December, the company disclosed that preliminary results from its Kalahari project points to presence of PGE metals, which validates its exploration strategy. The first phase of drilling on its KSZ project had been completed after testing the first three of the 15 targets identified as having potential to host massive sulphide ore bodies. At the time, the company said the results are encouraging as their exploration strategy appears to be valid and progressing well.

Kalahari Suture Zone (KSZ)  and the Ditau Project cover 12 Prospecting Licences (6,928sq km) in the southwest of Botswana. The targets are nickel-copper-platinum group element (PGE) deposits associated with a 450km long structural feature. The Kavango Copper Project in the northwest of the country where Kavango is exploring for mineralisation associated with the extension of the DRC-Zambia copperbelt.

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