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Kavango Resources Plc
Summary
| Project: | KSZ | |
|---|---|---|
| Deposit: | Ditau | |
| Location: | Botswana | |
| Commodities: | Cobalt | |
| Date: | 8/2/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-8-2019: Kavango Resources Plc announces an Exploration/Drilling Update report for its Ditau deposit at the KSZ project. Ditau check assay results. Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the m | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Kavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world class mineral deposits in Botswana, confirms that the assay results from the two holes drilled into the Ditau Camp target have been checked and confirmed as being accurate. Michael Foster, Chief Executive Officer of Kavango Resources, commented: "Whilst the assay results show that the first two holes at Ditau have not identified economic mineralization, the geochemistry generated by the laboratory supports the existence an alkaline igneous complex featuring a number of ring structures. This would explain the large volume of alteration encountered in both holes (1.8km apart) which is possibly due to fenitization associated with the emplacement of carbonatites into the Karoo sediments. This is an exciting development in the continuing exploration of the Ditau Prospect. Some of the world's biggest copper and rare earth deposits are associated with such intrusives. Further ground based geophysics will be undertaken followed by drilling to advance the investigation of this intriguing prospect. In the meantime discussions are being held with industry partners with a view to sharing the costs of further exploration". | |
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