Business
IOCG Presentation
IOCG Presentation.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n \n \n \n PRESS RELEASE\n \n \n \n \n \n \n 31 May 2022\n \n \n \n KAVANGO RESOURCES PLC\n \n \n \n (\"Kavango\" or \"the Company\")\n \n \n \n \n \n \n IOCG Presentation\n \n \n \n Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) is pleased to announce the Company will host an online shareholder event to present the Iron Oxide Copper-Gold (\"IOCG\") exploration model for the Great Red Spot.\n \n \n The Great Red Spot (the \"GRS\") is in the northern section of the Kalahari Suture Zone Project. It has been recognised as a large-scale exploration target for major metal and mineral deposits since the mid-1970s. However, technology has only advanced sufficiently in recent years to allow effective exploration.\n \n \n Kavango has been conducting exploration over this 5km x 8km magnetic body since 2018. Following six months of additional field exploration and detailed desktop analysis, the Company announced the IOCG target on 07 May 2022. A full description of the IOCG target can be read in the announcement (link below):\n \n \n \n https://www.investegate.co.uk/kavango-resources--kav-/rns/ksz---second-mineralisation-target-type-at-the-grs/202205090700067421K/\n \n \n \n IOCG systems can host highly valuable copper, gold and uranium ores. The large size and relatively simple metallurgy can produce extremely profitable mines.\n \n \n IOCG deposits are an alteration \"overprint\" of the host geology when they form. Therefore, Kavango believes the IOCG model represents a second mineralisation style possibly present within the GRS, in addition to the existing potential for nickel/copper (Ni/Cu) sulphide deposits.\n \n \n Kavango believes this is a significant development for the prospectivity of the GRS.\n \n \n \n Jeremy Brett and Hillary Gumbo, Kavango's chief geophysicists, will present the results of their work to investors in an online event on Wednesday 01 June at 1900GMT. Shareholders and investors are invited to join this event using the details below.\n \n \n \n This event will be recorded and subsequently published on the Company's website.\n \n \n \n Ben Turney, Chief Executive Officer of Kavango Resources, commented:\n \n \n \n \n \"The IOCG target at the Great Red Spot is a significant one for Kavango Resources. We have four separate data points that appear to correspond with on...