Kavango Resources PLC Completion of KCB airborne geophysical survey (1367A)
18 Gennaio 2024 - 8:00AM
UK Regulatory
TIDMKAV
RNS Number : 1367A
Kavango Resources PLC
18 January 2024
18 January 2024
Kavango Resources
("Kavango" or "the Company")
Completion of KCB airborne geophysical survey
Kavango Resources plc (LSE:KAV), the Southern Africa focussed
metals exploration company, is pleased to announce completion of an
airborne geophysical survey over its Kalahari Copper Belt ("KCB")
project in Botswana.
The helicopter-borne survey was completed by New Resolution
Geophysics ("NRG") and carried Xcite(TM) Electromagnetic, Gravity,
and Magnetic survey equipment. This multi-parameter airborne
geophysical system has been designed for superior resolution of the
KCB geology, to provide more detailed mapping of the project. The
goal is to identify higher confidence drill targets.
Kavango recently purchased six prospecting licences from ENRG
Elements (ASX:ENRG) ("ENRG"), providing it with an extensive,
single contiguous project area in the KCB covering 7,629km(2)
(announced >>> 16 November 2023). Interpretation of ENRG's
historic airborne data, which Kavango now owns, has revealed two
main areas of interest for copper/silver exploration.
The airborne survey was designed to test whether the
copper/silver prospective geological and geophysical features it
interpreted on the ground recently acquired from ENRG (PL203/2016,
PL127/2017 & PL205/2016) extend into the Company's pre-existing
adjacent licence areas.
The airborne survey was flown in two blocks: Block 1A (over
PL046/2020, PL049/2020, PL052/2020, PL053/2020) and Block 1B (over
PL205/2016).
Final processed data is expected from NRG by the end of
February. This data will be inverted and modelled by EMergo (Aarhus
Geofisica) prior to final interpretation to identify target zones
for ground geophysical follow-up and drill target
identification.
Figure 1 - Preliminary data from the completed NRG survey
overlaid on a backdrop of geology and regional magnetics
Ben Turney, Chief Executive Officer of Kavango Resources,
commented:
"We are now working on two main areas of interest in our Copper
Belt licences. Since acquiring the ground from ENRG last year,
we've become increasingly confident in the potential of the
contiguous land package we control.
I would like to thank New Resolution Geophysics for successfully
completing this extensive airborne survey over our Block 1A and
Block 1B licences. 2,428-line kilometers were flown in 35 days.
The results stand to improve our understanding of the host
geology greatly, as well as the alteration and mineralisation
potential on our large KCB project area.
This will shape our next exploration steps, including the
definition of target areas for follow-up ground geophysics ahead of
planned drilling later in the year."
Expiry of May 2022 Warrants
On 9 May 2022, Kavango announced a GBP750,000 placing and
subscription (the "May 2022 Placing"). As part of the May 2022
Placing, the Company issued warrants valid until 31 December 2023
on a one-for-one basis for each share issued. All these warrants
have now expired.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
PFUSFESMAELSEDF
(END) Dow Jones Newswires
January 18, 2024 02:00 ET (07:00 GMT)
Grafico Azioni Kavango Resources (LSE:KAV)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Kavango Resources (LSE:KAV)
Storico
Da Mag 2023 a Mag 2024