Business
KCB - Karakubis Project Update
KCB - Karakubis Project Update.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n \n \n 20 February 2023\n \n \n \n Kavango Resources PLC\n \n \n \n (\"Kavango\" or \"the Company\")\n \n \n \n KCB - Karakubis Project Update\n \n \n \n Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) (\"Kavango\") is pleased to announce an exploration update concerning its Karakubis Copper Project (\"Karakubis\") in the Kalahari Copper Belt (\"KCB\"), near the Namibian border.\n \n \n Formerly referred to as the Mamuno Project, Karakubis is adjacent to large landholdings held by Sandfire Resources (ASX:SFR) to the north and Rio Tinto (LSE:RIO) to the west. Karakubis is immediately along strike of the Ghanzi West project where ENRG Elements (ASX:EEL) has identified similar geological signatures to Sandfire's (ASX:SFR) Motheo Copper Mine.\n \n \n \n HIGHLIGHTS\n \n \n \n \n Kavango engages local KCB consultant David Catterall of Tulia Blueclay Limited (TBL)\n \n \n \n - Site visit to Karakubis completed in January by Dave Catterall, a local consultant with extensive experience of KCB exploration.\n \n \n - Dave has been working closely with Kavango's senior team since October 2022 and has significantly enhanced the Company's understanding of KCB exploration\n \n \n - Focus of TBL's work has been to improve Kavango's drill target selection and to mentor the Company's team on the ground\n \n \n - TBL has provided Kavango with a detailed internal report (the \"Report\") on the prospectivity of its KCB prospecting licences (\"PLs\")\n \n \n - One of the Report's key recommendations is that Kavango immediately focus its exploration efforts on the Karakubis Copper Project\n \n \n \n Upgrade of Karakubis Prospecting Licences\n \n \n \n - TBL's report has upgraded Kavango's prioritisation of the Karakubis PLs\n \n \n - TBLl has reviewed Kavango's use of Controlled Source Audio Magnetotelluric (\"CSAMT\") technology in the KCB\n \n \n - Kavango's CSAMT data taken over Karakubis appears to corroborate TBL's pre-existing interpretation of the area's geology\n \n \n - CSAMT data and TBL's geological interpretation suggest D'Kar/Ngwako Pan horizon contact is present at moderate depths at Karakubis\n \n \n - This appears to be comparable to the setting for Sandfire's A4 and T3 Deposits, where alteration/mineralisation lies at shallow depths above the D'...