LSE-listed mineral exploration company Kavango Resources says it sees a ‘huge upside’ at its Kalahari Copper Belt (KCB) project in Botswana, Proactive Investors reports. The Botswana-focused miner says its current drilling campaign in the KCB may be the most important it has ever undertaken.
According to Kavango, up to six exploration holes are planned in the current phase. The first hole, with a target depth of 250 metres, will test the Central Zone of licence PL082/2018, a well-defined copper anomaly that is 27km in strike and contains multiple targets prospective for copper and silver mineralisation.
“Each hole that we drill in the Kalahari Copper Belt could lead to a significant discovery,” Kavango chief executive Ben Turney said in the statement on October 11. “The more we drill, the greater the chance we have of success.”
According to Turney, reverse circulation drilling is highly cost-effective and will enable Kavango to cover a great deal of ground in a relatively short period of time. Drilling is expected to be completed by early November, he said.
In parallel with drilling, Kavango is completing an electromagnetic survey over its PL082/2018 licence in the KCB. According to Kavango, initial results from Controlled-Source Audio Magnetotelluric (CSAMT) surveys are “encouraging.”
CSAMT surveys provided high-quality data down to a depth of 4km, far exceeding expectations, and highlighted a very sharp steeply dipping geological structure/deformation zone within the licence area, the company said in a statement on October 12.
Kavango says it is the first company in the KCB to deploy CSAMT. The technology could prove to be a highly powerful exploration tool in the region which is a prime focus in the exploration for sediment-hosted copper-silver deposits.
“One of Kavango's competitive edges is our commitment to trialling modern remote sensing technology across our portfolio,” said Turney. “The outcome is often unpredictable, but the upside can be significant.”
“From what we've seen of the results so far from our CSAMT surveys over PL082, this technology has the potential to become transformational for exploration in the Kalahari Copper Belt,” he added.
Kavango Resources has a broad portfolio of assets in Botswana that is prospective for copper, silver, nickel, platinum group metals (PGMs) and rare earths, amongst others.