Kavango Resources PLC Ditau assay results (4532F)
July 18 2019 - 2:00AM
UK Regulatory
TIDMKAV
RNS Number : 4532F
Kavango Resources PLC
18 July 2019
PRESS RELEASE
18 July 2019
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Ditau assay results
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 at the Ditau Camp prospect have been received from
Genalysis Laboratories in Australia.
HIGHLIGHTS:
-- A total of 489 core samples were prepared by Intertek
Laboratories in Johannesburg and assayed for 65 elements by
Genalysis Laboratories in Australia using aqua regia digest with
ICP finish. Genalysis carried out 12 duplicate check assays, ran 14
control standards and 14 blanks during the assay run.
-- Kavango is currently undertaking its own program of checks
and duplicates at an independent laboratory.
Michael Foster, Chief Executive Officer of Kavango Resources,
commented:
"We are pleased to have received the assay results from the two
drill holes at Ditau. Kavango is now completing its own check
assays at an independent laboratory in South Africa, which is
normal industry practice. We will then be in a position to fully
check, assess and interpret the results so as to formulate our
plans for Ditau.
Currently Kavango's preferred option would be to farm-out this
project to an industry partner, mainly due to its' size, plus the
fact that our main focus remains the Kalahari Suture Zone ("KSZ")
structure in southwest Botswana where drilling is expected to
commence later this quarter".
Further information in respect of the Company 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
Michael Foster +44 20 3651 5705
mfoster@kavangoresources.com
SI Capital Limited (Joint Broker) +44 1483 413500
Nick Emerson
Turner Pope Investments (Joint Broker) +44 20 3657 0050
Andy Thacker
Notes for Editors:
Kavango's 100% subsidiary in Botswana, Kavango Minerals (Pty)
Ltd, is currently the holder of 17 prospecting licences covering
10,347.2 km(2) of ground, including most of the 450km long KSZ
magnetic anomaly in the southwest of the country along which
Kavango is exploring for Cu-Ni-PGE rich sulphide orebodies. This
large area, which is entirely covered by Cretaceous and
post-Cretaceous Kalahari sediments, has not previously been
explored using modern techniques.
The area covered by Kavango's KSZ licences displays a geological
setting with distinct similarities to that hosting the World Class
Norilsk Ni-Cu-PGE orebodies in Siberia.
Exploration Model:
Kavango's exploration model is based upon the search for
magmatic massive sulphide orebodies buried beneath up to 200m of
overburden. The identification of drill targets follows a carefully
constructed exploration program specifically developed by the
Company for exploration in areas covered by Kalahari and Karoo
sediments and sands.
The exploration program is initiated by identifying the location
of magmatic intrusive rocks from an analysis of the regional
magnetic surveys published by the Botswana Government. This is
followed by an airborne electro-magnetic survey (AEM) carried out
over the magnetic anomalies that have signatures indicating the
presence of intrusive rocks at depth. By using the latest
generation of low frequency helicopter-borne EM surveying,
conductors lying below the Kalahari/Karoo cover can be identified
for further investigation. These conductors can be tested on
surface by very high sensitivity soil sampling*, which can detect
metal ions transported from buried, metal rich massive sulphide
deposits associated with the emplacement of magmatic intrusive
rocks.
Kavango uses a ground based geophysical technique known as
Controlled Source Audio frequency Magneto Tellurics (CSAMT)** to
identify the exact location of the conductors. The shape,
orientation and depth of the conductors will determine if the
conductor should be drilled. The presence of a metal in soil
anomaly is also used to prioritise the conductors.
The next phase of the exploration involves the drilling of the
conductor to determine the presence of sulphide mineralisation and
its metal component (discovery). This is followed by the evaluation
of the discovery, which will determine whether the deposit is large
enough and rich enough to make an economically viable mine
(feasibility).
*Kavango geologists have pioneered a high resolution soil
sampling technique to detect ultra-fine metal particles which have
been transported in solution from considerable depths of burial to
the surface by capillary action and transpiration. Evaporation
leaves the metal ions as accumulations within a surface "duricrust"
which is then sampled and analysed. Zinc, which is the most mobile
of the base metal elements (i.e. goes into solution easily) acts as
a pathfinder to mineralization at depth.
**Massive sulphide (base metal) deposits can be detected by
CSAMT because they conduct electricity easily (conductors) as
opposed to silicate wall rocks (resistive).
****************************ENDS**************************************
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END
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