Business
Drilling commencement & upgraded target motivation
Drilling commencement & upgraded target motivation.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0958T\n Kavango Resources PLC\n 22 November 2021\n \n \n \n PRESS RELEASE\n \n 22 November 2021\n KAVANGO RESOURCES PLC\n (\"Kavango\" or \"the Company\")\n \n Drilling commencement & upgraded target motivation\n Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce commencement of drilling of the Company's B1 Conductor Target (the \"B1 Conductor\", announced 02 July) with Hole KSZDD002.\n The B1 Conductor is a cross-formational, strongly conductive geophysical anomaly that has a conductance reading of 8,200 Siemens. Part of Kavango's exploration model in the Kalahari Suture Zone (\"KSZ\") is based on identifying sub-surface conductors with conductance readings greater than 1,000 Siemens. According to the Company's model, the B1 Conductor is 475m by 550m in size, exhibits a decay constant in excess of 350ms and dips at a 60-degree angle.\n Conclusion - Kavango believes the position, size, shape, orientation and conductance of the B1 Conductor suggest this target may have the potential to be a large-scale, Karoo-age nickel/copper/platinum group element (Ni/Cu/PGE) mineralisation.\n \n Objective - Hole KSZDD002 has been designed to intersect the B1 Conductor, to give us the best possible information from a single hole regarding the presence or otherwise of metal sulphides (or whatever else could be the source of such a highly conductive zone).\n \n Drill Motivation - The B1 Conductor was identified through two surface Time Domain Electromagnetic (\"TDEM\") surveys, performed by the Company's strategic partner Spectral Geophysics (\"Spectral\") in Q2 this year. \n The Company believes the B1 Conductor was emplaced within a Karoo gabbro, which sits above the \"Great Red Spot\" magnetic anomaly, at a depth of 550m from surface. Lithological logging of the core from Hole KSZDD001 (announced 16 November) shows a thick 70m Karoo gabbroic sill is at a similar depth to the B1 Conductor. KSZDD001 was drilled 1km away from the collar location of KSZDD002.\n If Kavango is correct about the nature of the possible relationship between the B1 Conductor and the local Karoo gabbro intrusive, this would suggest the B1 Conductor may have been emplaced during the Karoo (c.180 million years ago), by a magm...