12th Oct 2022 10:17
(Alliance News) - Kavango Resources PLC on Wednesday said it has received encouraging results from surveys at one of its licences on the Kalahari copper belt.
Kavango is a London-based, Botswana-focused metals exploration company. The Kalahari copper belt, which runs for nearly 1,000 kilometres from northeast Botswana to western Namibia, is a prime focus in the company's exploration of sediment-hosted strata-bound copper-silver deposits.
The company, which has held two prospecting licences in the Kalahari belt since January 2020, reported survey results showing high quality data down to 4 kilometres of depth, as well as high contrast resistivity sections delineating major folding and faulting, at its PL082/2018 licence.
Kavango conducted controlled-source audio magnetotelluric surveys over PL082/2018 to obtain these results, and said it was the first company on the belt to use CSAMT in this manner.
Current interpretation highlights a steeply dipping deformation zone within the licence area, against which steeply folded lithologies sit. These deep seated structures are believed to be pathways for fluid flow and minerals mobilisation, which is a key component of mineralising systems in the belt.
To date, the deformation zone is believed to be coincident with the northern zone soil copper anomaly.
KCBRC001, the current hole being drilled on PL082/2018, is designed to test a different CSAMT signature, and targets the highest soil copper values.
Kavango is planning additional work to improve its interpretation of the geology and structure of the licence by collecting closer spaced data using an even closer station spacing than the current 50 metres.
Chief Executive Officer Ben Turney said that one of Kavango's competitive edges was its "commitment to trialling remote sensing technology across our portfolio".
"From what we've seen of the results so far from our CSAMT surveys over PL082, this technology has potential to become transformational for exploration in the Kalahari copper belt," he added.
Kavango shares were trading 3.3% higher at 2.01 pence each in London on Wednesday mid-morning.
By Holly Beveridge; [email protected]
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