Kavango Resources - Drilling Progress on KSZ in SW Botswana
("Kavango" or "the Company")
DRILLING PROGRESS ON THE KSZ IN
· The approximate 1,000m drilling programme is designed:
o To test the company's exploration strategy of identifying high level, Karoo age gabbroic sills* predicted from its geophysical surveys, including airborne EM.
o To confirm the existence of metal sulphide mineralization* associated with the gabbroic intrusives.
· The intersection of gabbro* at 53m from surface at a location identified from the geophysical surveys demonstrates the effectiveness of the Company's exploration methodology and supports our geological model.
· The target was selected from the 55 targets identified from the airborne EM survey which was completed in Q2/2019 and supported by ground based follow up using CSAMT surveying. A significant soil sampling anomaly was also identified over the RIT50 target.
· The identification of conductors within the gabbro suggests the potential for the presence of metal sulphides on the footwall of the intrusive.
· The target lies approximately 7km south-east of the town of Hukuntsi in the
· Progress on the drilling programme was slightly delayed due to a number of public holidays during the recent national/presidential elections and access difficulties with heavy drill rigs through the thick Kalahari sand.
· Gabbro/gabbroic: A coarse grained, medium to dark coloured, intrusive magma which includes feldspars (light coloured) and mafic minerals (dark coloured).
· Gabbroic sills: Relatively thin, planar bodies of solidified magma that intrude into layers of sedimentary rock whilst still molten.
· Sulphide mineralisation: If there is sufficient sulphur in the molten magma, it will tend to combine with metals (Cu, Zn, Ni, Pb, PGEs etc.) to form metal sulphide complexes, which may coalesce to form massive sulphide deposits. If the melt is sulphide poor, the metals will be taken up into the silicate minerals that form as the magma cools and will not usually form economic deposits.
"Our multi hole drill program on the KSZ progresses well, with the hunt being on for massive sulphides. The intersection of a gabbroic sill at exactly the depth and location predicted by Kavango's geophysical surveys demonstrates the effectiveness of the Company's exploration methodology. We look forward to identifying sulphide mineralization in at least some of the proposed drill holes. This would be consistent with Kavango's prediction that the KSZ has the potential to host world class magmatic sulphide deposits similar to those found at the giant Cu-Ni-PGE deposits at Norilsk in
For further information please contact:
Turner Pope Investments (Joint Broker) +44 20 3657 0050
Andy Thacker and Zoe Alexander
Note to Editors:
Kavango's 100% subsidiary in Botswana,
The area covered by Kavango's KSZ licences displays a geological setting with distinct similarities to that hosting the World Class Norilsk Ni-Cu-PGE ore bodies in Siberia.
This information is provided by RNS, the news service of the
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