Published: September 13, 2018
Kavango Resources plc (“Kavango” or “the Company”) (Ticker 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, is pleased to announce the airborne electromagnetic geophysical survey at its KSZ Project in southwest Botswana is now underway.
- Following the Company’s announcement of 7 September 2018, Kavango is pleased to announce that Geotech Airborne Geophysical Surveys of Canada has now started flying the electromagnetic survey (VTEM) over the Company’s Kalahari Suture Zone Project (“KSZ”) in southwest Botswana;
- Kavango’s 100% subsidiary in Botswana is the holder of 12 prospecting licences that cover much of the KSZ magnetic anomaly that is approximately 450km long and where Kavango is exploring for Ni-Cu-PGE rich sulphide orebodies;
- The area being surveyed displays a geological setting with distinct similarities to the extensive Norilsk nickel, copper and platinum group element deposits in Siberia;
- The first phase of the survey will cover 2,000 line-kms; each line is approximately 30kms long and flown at 500m spacing with the helicopter flying at a height of 60-70m above the ground with the survey equipment only 30-40m above ground;
- The survey is initially being flown over Kavango’s licences in the Hukuntsi area where the Company’s camp is now based;
- Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com.
Michael Foster, Chief Executive Officer of Kavango commented:
“We are pleased to be able to announce that Kavango’s contractors have completed all VTEM system tests and have now commenced flying the helicopter-borne geophysical survey over the KSZ prospecting licences, which cover almost 7,000 Km2 of south west Botswana. This is only five weeks from listing of Kavango’s shares on the London Stock Market and demonstrates the Company’s efficient planning and operations in Botswana.
We believe the under-explored licence area holds potential for the discovery of world class base and precious metals deposits and we look forward to announcing further information with respect to results of the flying programme in due course as material developments occur.”
For further information please contact:
Kavango Resources plc
+44 20 3651 5705
City & Westminster Corporate Finance LLP
+44 20 7917 6824
SI Capital Limited (Broker)
Nick Emerson / Alan Gunn
+44 (0)1483 413500
For the full press release click here.