TIDMKAV
RNS Number : 9862U
Kavango Resources PLC
29 November 2023
29 November 2023
Kavango Resources
("Kavango" or "the Company")
KCB - Airborne geophysical survey commences
Kavango Resources plc (LSE:KAV), the Southern Africa focussed
metals exploration company, is pleased to announce the commencement
of an airborne geophysical survey on its Kalahari Copper Belt
("KCB") project in Botswana.
The Company has signed a contract with South Africa-based New
Resolution Geophysics ("NRG") for Time Domain Electromagnetic
("TDEM"), Magnetic, and Gravity surveys combined on one helicopter
platform ("the NRG Survey").
The NRG Survey will consist of 2,374-line kms at a line spacing
of 500m x 5,000m across Kavango's Block 1A and Block 1B Prospecting
Licences ("PLs")
The work expands on airborne geophysical surveying already
completed by ENRG Elements (ASX:ENRG) ("ENRG") on PL203/2016 and
PL127/2017, two adjacent PLs recently acquired by Kavango
(announced >>> 16 November 2023).
Figure 1: NRG's planned survey lines across Kavango's Block 1A
and Block 1B licences and airborne survey data covering the PLs
acquired from ENRG
Ben Turney, Chief Executive Officer of Kavango Resources,
commented:
"Kavango is targeting the discovery of large-scale copper/silver
targets in the Kalahari Copper Belt (KCB) in Botswana.
We recently acquired additional exploration licences from ENRG
Elements to complete a large contiguous land package from the town
of Ghanzi to the Namibian border. Our interpretation of ENRG's
existing survey data for Prospecting Licences 203/2016 and 127/2017
supports our working theory that this area is prospective for
copper/silver. We believe this potential could extend to Kavango's
other licence holdings, which have designated as Blocks 1A and
1B.
As part of our "levelling up" strategy in the KCB, we are
compiling a consistent data set for all the ground we control.
NRG's airborne geophysical survey will provide us with some of the
final exploration data we need ahead of defining drill targets for
next year's drill campaign.
Our recent work has confirmed physical indicators of a copper
mineralising system within our ground, combined with encouraging
geophysical anomalies.
Our goal in reprocessing ENRG's existing data and combining it
with the data from the airborne surveys we will fly over Blocks 1A
and 1B will be to increase our understanding of the region's
mineralised potential. We will also investigate the interpreted
sub-basin that could be a significant control for copper/silver
deposits."
Further details
The NRG Survey will be conducted over five PLs that make up
Kavango's Block 1A (PL046/2020, PL049/2020, PL052/2020, PL053/2020)
and Block 1B (PL205/2016) licence areas. The licences are located
southwest of the town of Ghanzi and adjacent to PL203/2016 and
PL127/2017, two of the KCB PLs Kavango recently acquired from
ENRG.
NRG is expected to commence its airborne geophysics survey on 4
December 2023. The survey is expected to take two weeks to
complete, with the final data processing and delivery of products
anticipated for Q1 2024.
Program objectives
Kavango is currently re-processing data from airborne
geophysical surveys already completed by ENRG on PL203/2016 and
PL127/2017.
The Company will combine this re-processed data with data from
the new NRG surveys to test its working theory that the
copper/silver prospective geological and geophysical features,
which it interpreted from ENRG's existing airborne geophysics
survey data, extend onto Kavango's Block 1A and Block 1B licences.
Kavango's geologists and geophysicists believe this could be
indicative of a regional copper mineralizing system.
Kavango's geologists wish to examine whether the stratigraphy
and lithology they have begun to map on the former ENRG PLs extend
on to these Blocks. They believe that ENRG's existing data conforms
to sequences in the lower D'Kar Formation seen across other parts
of the KCB.
The models in Figures 2 and 3 below depict the type of fold
geometry and structural trap-sites Kavango believes to underlie
areas of Block 1A and 1B.
Figure 2 is a modified version of the fold geometry, showing a
"preserved" as opposed to "un-roofed" dome, as well as associated
mineralisation present in the fold closure at Khoemacau's North
East Fold ("NEF") deposit on the nearby Banana Zone. Figure 3 is a
schematic cross-section showing both the shear-hosted
mineralisation and dilational vein-hosted mineralisation present in
Sandfire Resources' (ASX:SFR) A4 deposit.
Kavango believes there may be scope for either or both models to
be present and is optimistic the NRG survey will identify these for
further ground geophysics and future drill targeting.
Figure 2 - Regional to deposit scale geologic controls on copper
silver mineralisation in the KCB - Wes Hall et al, SEG, Special
Publication, no 21, pp207-236
Figure 3 - Schematic cross-section showing high-grade
intersection in drill hole MO-A4-003D, interpreted geology, and the
mineralisation styles across Sandfire's A4 deposit
The magnetic component of the NRG Survey will map the structure
and lithology of Block 1A and Block 1B. It is anticipated that the
EM component of the NRG Survey will highlight prospective subtle
conductors within the D'Kar Formation and help identify structural
trap sites linked to folds, faults, and shears within Block 1A and
Block 1B.
The gravity component of the NRG Survey will seek to identify
whether the sub-basin identified in ENRG's data extends into
Kavango's Block 1A. Kavango believes the margins of this sub-basin
could provide priority targets for trap site development and
deposit formation.
Kavango will interpret these airborne geophysical data with the
goal of identifying target areas for ground geophysical follow-up,
which will then lead to drill target identification.
Further information in respect of Kavango and its business
interests is provided on the Company's website at
www.kavangoresources.com and on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
+46 7697 406 06
First Equity (Broker)
Jason Robertson
+44 207 374 2212
Kavango Competent Person Statement
The technical information contained in this announcement
pertaining to geophysics have been read and approved by Mr. Jeremy
S. Brett, M.Sc., P.Geo., Senior Geophysical Consultant, Jeremy S.
Brett International Consulting Ltd. in Toronto, Canada. Mr. Brett
is a member of the Professional Geoscientists of Ontario, the
Prospectors and Developers Association of Canada, the Canadian
Exploration Geophysical Society, and the Society of Economic
Geologists. Mr. Brett has sufficient experience that is relevant to
geophysics applied the styles of mineralisation and types of
deposits under consideration to act as a Qualified Person as
defined under the Canadian National Instrument 43-101, Standards of
Disclosure for Mineral Projects.
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