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BOTS Karakubis Copper Mineralised System Confirmed
BOTS Karakubis Copper Mineralised System Confirmed.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n\n22 July 2024 \nKavango Resources\n(\"Kavango\" or \"the Company\")\nBOTS Karakubis Copper Mineralised System Confirmed\nKavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce successful completion of drilling the first high priority target (the \"First Target\") at the Karakubis Copper Project in Botswana's Kalahari Copper Belt (\"KCB\"). Field analysis of drill cores taken from this target confirms the presence of a copper-silver mineralising system at Karakubis, as well as further indicators of structural trap sites.\nThis result validates Kavango's modelling of the KCB and confirms the prospectivity of the Karakubis Copper Project for large-scale copper/silver deposits. The Company now anticipates an increased chance of discovery over the remainder of its 5,000m diamond drill campaign at Karakubis (the \"Drill Campaign\").\nProgress Overview\n· Kavango commenced the 5,000m Drill Campaign on 17 June (see announcement >>> 17 June 2024).\n· The primary objectives of the Drill Campaign were to confirm copper mineralising fluids passed through the Karakubis Block and that structural trap sites for potential large-scale copper/silver deposits are present.\n· Kavango met both objectives drilling the First Target.\n· Two holes were drilled into the First Target:\n· Hole KCBDD001 was drilled to a depth of 243.95m at no cost to the Company and abandoned due to technical issues.\n· Hole KCBDD002 was successfully completed to a depth of 514.38m.\n· Kavango has logged and made pXRF readings on core taken from both holes.\n· Core from both holes validates Kavango's interpretations applying geophysical data to model the KCB. This increases the Company's confidence in future drill targeting.\n· Spot readings taken from handheld pXRF indicate the presence of copper, silver, zinc and lead, suggesting the mobilisation of copper sulphides in mineralising fluids within a large system. This may provide a vector towards larger-scale mineralisation.\nThe drill rig mobilised to the second high-priority target. Hole KCBDD003 is currently at 232.58m.\nBen Turney, Chief Executive Officer of Kavango R...