20th Feb 2023 10:03
(Alliance News) - Kavango Resources PLC on Monday emphasised the significance of consulting work over its Kalahari exploration programme, as it looks to refocus on the Karakubis project area.
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 focus in the company's exploration plans.
In January, Dave Caterall completed a site visit to Karakubis which affirmed the prospectivity of the area. Caterall is a consultant at Tulia Blueclay Ltd with extensive knowledge of the Kalahari copper belt, and has been working with Kavango's senior team since October, it said.
The focus of Tulia Blueclay's work has been to improve Kavango's drill target selection. Its report recommended that the company immediately focus its exploration efforts on the Karakubis project on the basis of existing data.
Kavango told investors on Monday that it will be taking this advice. Final interpretation and integration of existing Karakubis geophysical and geochemical data is underway, with results expected in late February to support drill targeting.
"Successful exploration in the belt is challenging. Kavango has a large land package and Dave's successful introduction has encouraged us to refocus our efforts on our prospective Karakubis project area. It is particularly promising that CSAMT and AEM data we have gathered independently appears to align with Dave's regional geological interpretation. Historically, Kavango has dedicated more energy to other of its prospecting licences. While we will continue to advance work on these (PLs 082 and 036 in particular), Karakubis is now our main centre of attention," said Chief Executive Officer Ben Turney.
"We now recognise that the Karakubis licences represent our greatest opportunity for the near-term detection of a metal bearing alteration system."
Kavango shares were trading 13% lower at 1.02 pence each in London on Monday morning.
By Holly Beveridge; Alliance News reporter
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