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KSZ Hukuntsi - TDEM conductor C1 identified
KSZ Hukuntsi - TDEM conductor C1 identified.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8653B\n Kavango Resources PLC\n 15 June 2021\n \n \n \n PRESS RELEASE\n \n 15 June 2021\n KAVANGO RESOURCES PLC\n (\"Kavango\" or \"the Company\")\n KSZ Hukuntsi - TDEM conductor C1 identified\n Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce the identification of an electro-magnetic (EM) anomaly in Target Area C in the Hukuntsi (northern) section of the Company's Kalahari Suture Zone (\"KSZ\") Project.\n Designated Target C1 (\"C1\"), the conductive anomaly is located 11km from Target A2 (\"A2\"), which was first announced on 20 April 2020.\n C1 and A2 appear to lie within the same geological corridor. The Company now plans to drill a minimum of one hole in A2 and a minimum of one hole in C1. Drilling is to commence at the end of June.\n Both A2 and C1 lie in 'Norilsk-style' gabbro keels. The primary objective of both holes is to recover drill core from the bottom of the keels for further analysis to test the system's potential to host major metal sulphide deposits.\n Highlights\n \n Ø Target C1\n \n - 11km NE of Target A2\n \n - Kavango believes A2 and C1 lie in the same geological corridor of Karoo-age gabbro, which is open in both directions\n \n - The conductor is 1,200m by 1,600m and sits at the bottom of a keel as defined by the Company's 3D Geological Model\n \n - 530m depth from surface to centre of the conductor\n \n - The decay constant is ~360msec\n \n - Conductance of 2,500 Siemens\n \n Ø Drill plan:\n \n - Drill operator is Mindea Exploration and Drilling Services (Pty) (\"Mindea\")\n \n - Mindea to set up camp between Targets A2 & C1\n \n - Drilling at A2 to commence in June\n \n - Drilling to commence at C1 in July\n \n - Kavango to pay <half the total drill cost to Mindea in cash (c.£70,000), with remaining fees payable in shares\n \n - Potential to increase scope of drilling, once rig is on site and pending further data analysis\n \n - Extensive assaying and downhole geophysics planned on all boreholes\n Michael Foster, Chief Executive Officer of Kavango Resources, commented:\n \"The 'Norilsk Model' for metal sulphide systems suggests deposits originally formed in clusters. In this cont...