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KCB update - Cu-Ag targets identified on LVR JV
KCB update - Cu-Ag targets identified on LVR JV.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6411A\n Kavango Resources PLC\n 03 June 2021\n \n \n \n PRESS RELEASE\n \n 3 June 2021\n KAVANGO RESOURCES PLC\n (\"Kavango\" or \"the Company\")\n \n KCB update: Cu/Ag targets identified on the LVR JV\n \n Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce that extensive copper/silver targets (the \"Targets\") have been identified on Prospecting Licences (PLs) 082/2018 and 083/2018 in the Kalahari Copper Belt (KCB). The two PLs are held in a Joint Venture farm-in with LVR GeoExplorers Ltd (the \"LVR Project\").\n The Targets were detected as a result of the recent Airborne EM (AEM) surveys flown over the LVR Project. Strong soil geochemical anomalies occur at surface above the Targets.\n Highlights\n \n Ø \n 1,216km of Airborne Electromagnetic (AEM) surveys flown over the LVR Project in March\n \n \n - \n Stage 1 of the LVR farm-in now complete, taking Kavango's stake in the LVR Project to 25%\n \n \n Ø \n PL 082/2018\n \n \n - \n Identification of a series of conductors over a 3.5km wide deformation zone\n \n \n - \n The conductors lie along strike of the Plutus deposit and the Boseto Mine to the north east\n \n \n - \n The primary target is a large EM conductor, extending to at least 400m from the surface\n \n \n - \n Strong coincidental copper (25ppm to >56ppm) and zinc (50ppm to >100ppm) in soils anomaly on surface \n \n \n - \n Fault controlled soil geochemistry anomalies striking over 5km\n \n \n - \n Distinct similarities with Cupric Canyon's Banana Zone South Limb (mirror image) on the south side of the Ghanzi Ridge\n \n \n Ø \n PL 083/2018, \n \n \n - \n >10km of AEM conductors in the south-east of the PL, across two main targets (6km and 4km wide)\n \n \n - \n Both targets have coincidental copper in soils anomaly over three lines (500m spacing) and the anomaly remains open\n \n \n - \n The conductors are underlain by a linear magnetic anomaly extending for over 2km beneath the soil anomaly\n \n \n Ø \n The structural position of the Targets is prospective for the discovery of copper/silver mineralisation\n \n \n - \n PL 082/2018 is drill ready\n \n \n - \n PL 083/2018 requires further fi...