Business
KSZ - Proof of Concept Drill Campaign Final Report
KSZ - Proof of Concept Drill Campaign Final Report.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n \n \n \n PRESS RELEASE\n \n \n \n \n \n \n 18 August 2022\n \n \n \n KAVANGO RESOURCES PLC\n \n \n \n (\"Kavango\" or \"the Company\")\n \n \n \n \n \n \n KSZ - Proof of Concept Drill Campaign Final Report\n \n \n \n Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) (\"Kavango\") has successfully concluded its \"Proof of Concept\" exploration programme in the Kalahari Suture Zone (\"KSZ\"). This is the most comprehensive exploration programme ever undertaken in the KSZ and the results will guide the Company's future commercial strategy.\n \n \n Kavango is pleased to announce that the Proof of Concept exploration programme has:\n \n \n §\n Provided geochemical proof of magmatic Ni-Cu-PGE mineralising processes (depletion and enrichment) throughout the KSZ, for both the Karoo and Proterozoic (Tshane Complex) intrusions\n \n \n §\n Identified previously unrecognised PGE potential in the KSZ South\n \n \n §\n Introduced new ore deposit models (Norilsk, Insiswa, Eagle, Tamarack, and Uitkomst), which will allow Kavango to vector towards the right host rocks and upgrade future targeting\n \n \n §\n Confirmed Kavango is using appropriate geophysical technologies and data analysis techniques to isolate potential mineral bearing targets in a scalable programme\n \n \n Richard Hornsey, a leading authority on nickel sulphide and platinum group element (PGE) exploration, has completed a comprehensive review of all available exploration data on the KSZ on behalf of Kavango.\n \n \n Mr Hornsey has provided the Company with three detailed reports on the exploration undertaken, drill core review, intrusion lithogeochemistry, and implications for prospectivity of the KSZ, with suggestions for optimising future exploration strategy (the \"Reports\"). The Reports will be made available to potential Joint Venture partners and other interested parties, subject to non-disclosure agreement (\"NDA\").\n \n \n \n Highlights\n \n \n \n In summary, the Reports detail:\n \n \n §\n Geochemical proof of magmatic mineralising processes (metal depletion and enrichment) throughout the entire KSZ:\n \n \n §\n \n Potential for Nickel-Copper-(Platinum Group Element)\n \n (\"Ni-Cu-(PGE)\") massive sulphide associated with the Karoo Large Igneous Province (\"LIP\") in the KSZ North\n \n \n §\n \n Potential for low sulphide Pl...