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Ditau: Large-scale Lode Gold Exploration Potential
Ditau: Large-scale Lode Gold Exploration Potential.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n \n \n 06 March 2023\n \n \n \n KAVANGO RESOURCES PLC\n \n \n \n (\"Kavango\" or \"the Company\")\n \n \n \n \n \n \n \n \n Ditau: Large-scale Lode Gold Exploration Potential\n \n \n \n A review of the mineral exploration potential of the Ditau Project, Botswana, has been carried out for Kavango by Dr. Hamid Mumin, Professor and Former Chair of the Department of Geology at Brandon University, Manitoba, Canada (the \"Review\"). The Review has identified a possible high potential Banded Iron Formation hosted Lode Gold model at the Ditau Project.\n \n \n \n REPORT HIGHLIGHTS\n \n \n \n ·\n Kavango previously recognised a 100m thick \"Zone of Interest\" from 293m to 393m, in diamond drillhole DITDD004 at Ditau. This included anomalous gold values (announced >>> 14 October 2022).\n \n \n ·\n Dr. Mumin assessed drill logs, core photography, and assays from DITDD004.\n \n \n ·\n Dr. Mumin has identified the likely presence of a large alteration system within a very thick Banded Iron Formation (\"BIF\") that he considers exhibits excellent gold potential.\n \n \n \n \n \n \n Figure 1 - Example of highly altered & structurally deformed Banded Iron Formation at 306m depth in Hole DITDD004, indicative of a possible Lode Gold System\n \n \n \n ·\n Dr. Mumin concludes \"this is a new and very exciting opportunity for Kavango\".\n \n \n o\n He explains \"The reason iron formations are so important in the formation of world-class lode gold deposits is that the presence of abundant iron forms a type of chemical trap for gold.\"\n \n \n ·\n The BIF intersected by DITDD004 is very thick (>100m) and open at depth.\n \n \n o\n The intersecting structure, which is the source of fracturing, brecciation, sulphidisation, gold, silver, copper, and arsenic, appears also to be large.\n \n \n o\n These factors combined could, in Dr. Mumin's opinion, have led to a significant gold mineralising event.\n \n \n ·\n Dr. Mumin adds that\n \n \"due to the overall robustness of the current discovery, the chances of finding economic grades in the Ditau discovery area is considered very good.\"\n \n \n \n \n Brett Grist and Jeremy S. Brett, Executive Directors of Kavango, stated,\n \n \n \n \"Dr. Mumin's report represents a significant potential breakthrough for Kavango on the Ditau project. We didn't find carbonatites as we had intended...