Kavango reveals KCB drill strategy as its search for copper and silver continues

Wednesday saw Botswana-focused explorer Kavango Resources (LSE: KAV) reveal an initial drilling strategy for its large copper/silver prospective land package in the Kalahari Copper Belt (“KCB”).

Author: Alex Chalk

In an update, the firm confirmed that it has so far delineated 13 priority target areas across four of its 12 licences in the area, which has become a discovery hotbed in recent years. Meanwhile, within these areas, the company said it has identified a total of 188 drill collar locations for up to 37,600m of proposed reverse circulation and diamond drilling.

Kavango’s strategy has been designed with flexibility in mind, with the explorer highlighting plans to drill in staged phases and to a variety of depths. This, it says, will allow it to conduct ongoing program optimisation as drill results become known.

Wednesday’s news follows a busy period for Kavango in the KCB, which has seen it complete a vast programme of surveying, mapping, and soil sampling to identify and prioritise targets.

Alluding to this, chief executive Ben Turney highlighted the importance of completing extensive preparation across its licences ahead of drilling.

“With such a large, prospective land package in the Kalahari Copper Belt (KCB), it is vital that we are clear on the steps required on our road to discovery,” he said. “If copper exists on our ground, I am confident that our highly experienced technical team will find it.

“Our ground could host multiple deposits, which is why we have been as thorough as we have in our approach.”

The targets announced in Wednesday’s announcement lie on four licences in particular: PL 082/2018, PL 036/2020, PL 049/2020, and PL 052/2020.

PL036/2020

PL082/2018

Mamuno (PL49/2020 and PL52/2020)

However, these form only a part of Kavango’s wider KCB land package, which, in total, spans 12 licences covering more than 5,000km2.

With this in mind, the company emphasised its plans to continue systematic field exploration across its remaining licences in parallel to any drilling. Its goal is for this to add more target areas and drill collar locations to its existing inventory as work progresses.

A detailed breakdown of these existing targets can be found here: https://www.investegate.co.uk/kavango-resources–kav-/rns/kcb-drill-strategy-finalised/202209280700129662A/

Several large copper/silver ore deposits have been discovered on the KCB in association with anticlines in areas now held under licence by Sandfire Resources and Cupric Canyon. These deposits are relatively close to surface and many are amenable to open pit mining operations.

Accumulations of metals can be traced along the strike of redox boundaries (sometimes for many kilometres) because they often contain iron and have a higher magnetic signature than the surrounding rock. These have recently been successfully mapped by Kavango’s exploration teams.

Author: Alex Chalk

Disclaimer: The author has been paid for the production of this piece by the company or companies mentioned above.


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