REG - Kavango Resources - BOTS – KCB drilling commences

Kavango ResourcesAnnouncement

17/06/2024 07:30

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RNS Number : 6613S  Kavango Resources PLC  17 June 2024

17 June 2024

Kavango Resources

("Kavango" or "the Company")

BOTS -KCB drilling commences

Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals
exploration company, is pleased to announce the Company has commenced drilling
its first high priority targets at the Karakubis Copper Project in Botswana's
Kalahari Copper Belt ("KCB").

Highlights

·    Kavango has identified 15 high priority targets for its first phase
of drilling.

·    Drill holes have been designed to check favourable trap sites
modelled from geophysical data, confirm stratigraphy, and assess the potential
to host large scale copper-silver mineralisation.

·    Kavango's high priority targets are all located above interpreted,
doubly-plunging fold structures over gravity highs where associated faulting
is thought to be favourable for trap site development.

·    The Company's first phase of drilling, totalling approximately 5,000
m, will test relatively shallow targets between 150 m and 350 m below surface.

·    Kavango's contract driller, Mitchell Drilling, is set up on site and
prepared to begin drilling this week.

·    Further priority targets are anticipated as data processing and
interpretation are completed for survey results from Survey Blocks 1A and 1B.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"This is the most sophisticated drill campaign ever undertaken by Kavango.
Over the last 2 years, we've made substantial improvements to our team and
exploration methods. This has culminated in this 5,000m diamond drill
programme and I would like to thank all our people for their creativity and
commitment in making this happen.

Assembling the first 15 high priority drill targets has been a superb team
effort and we are confident in the work we've completed. We've assembled a
wide ranging and comprehensive data set over Karakubis. We've then compared
the results of this with what is known about major discoveries elsewhere on
the Kalahari Copper Belt. Finally, we believe we've identified the correct
regional structures and trap sites for large-scale copper/silver deposits.

Our immediate objective now is to test these probable trap sites and prove
that copper mineralising fluids passed through our ground. If we can achieve
this it will be a transformational event for Kavango's shareholders.

I wish our team every success in the coming months and look forward to our
first results later this summer."

 

 

 

Drill Objective

The exploration and drilling strategy at Karakubis aims to validate the
interpretations made to date by establishing the stratigraphic position,
verifying the presence of structural trap sites and proving the presence of a
copper/silver mineralising system through identification of path finder
minerals.

Further work will be undertaken based upon interpretation of the results.

 

For further information please contact:

Kavango Resources plc

Ben Turney

+46 7697 406 06

First Equity (Broker)

Jason Robertson

+44 207 374 2212

 

Kavango Competent Person Statement

The technical information contained in this announcement pertaining to geology
and exploration have been read and approved by Brett Grist BSc(Hons) FAusIMM
(CP).  Mr Grist is a Fellow of the Australasian Institute of Mining and
Metallurgy with Chartered Professional status.  Mr Grist has sufficient
experience that is relevant to the exploration programmes and geology of the
main styles of mineralisation and deposit types under consideration to act as
a Qualified Person as defined in the 2012 Edition of the 'Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr
Grist is an employee of Kavango Resources plc.

 

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