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Phase 2 Airborne Electromagnetic Survey completed
Phase 2 Airborne Electromagnetic Survey completed.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0933T Kavango Resources PLC 18 March 2019 \n\nPRESS RELEASE\n \n \n 18 March 2019\n \nKAVANGO RESOURCES PLC\n(\"Kavango\" or \"the Company\")\n \nPHASE 2 AIRBORNE ELECTROMAGNETIC SURVEY COMPLETED\n \nKavango Resources plc (LSE: KAV), the exploration group listed on the Standard List segment of the main market of the London Stock Exchange and targeting the discovery of world class mineral deposits in Botswana, is pleased to announce that Phase 2 of its airborne electromagnetic (AEM) survey carried out by SkyTEM over the northern section of the Company's Prospecting Licences that cover much of the Kalahari Suture Zone (KSZ) structure in southwest Botswana, has been completed.\nHIGHLIGHTS:\nAEM Survey\n· The SkyTEM AEM survey covered approximately 2,100 line-kms to the north of Hukuntsi in southwest Botswana, over Prospecting Licences PL163/2012, PL365/2018, part of PL364/2018 and single lines in PL509/2014 and PL510/2014;\n· The SkyTEM AEM survey helicopter and crew have recently demobilized;\n· Preliminary results indicate that SkyTEM's innovative new generation 312 HP (High Power) technology has achieved exceptional depth of investigation beneath the Kalahari sand cover and Karoo sediments due to the high moment (HM) mode with high current and low base frequency of 12.5 Hz. This system has been on the market since 2017 and therefore represents a major advance in AEM systems;\n· The SkyTEM AEM data is currently being interpreted and modelled by our duly appointed external Consultants, Aarhus Geophysics in Denmark, in conjunction with SkyTEM; \n· Results of the interpretation, with priority targets for ground follow-up and drilling, will be announced when they become available.\nMichael Foster, Chief Executive Officer of Kavango Resources, commented:\n\"We are pleased to announce the successful conclusion of SkyTEM's AEM survey covering the northern part of KSZ project area. The KSZ project covers over 9,000 km2 of prospective ground for the discovery of base metal deposits in southwest Botswana. The Company has now covered approximately 50% of the KSZ licence area with airborne geophysics. The key now is for a thorough ground follow up plus of course drilling of fur...