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On reflection the observations about grades at depths is missing some important points. The drill was designed to intersect 7 or 8 shear zones, going right to left so some of the intersects were always going to be deep. Because its only a single drill the results don't tell what the grades are above the intersection point to the surface, therefore there's a lot more gold than indicated. eg 1m @3.1g/t from 156m, is that part of a shear zone & what are the grades vertically above to surface? In hindsight KAV might have drilled a second hole left to right & I think Lobo Tiggre picked up on this 3 weeks ago...from KAV's point of view it was a limited scoping drill campaign but Lobo raised a good point. Note drills rarely go vertically because it gives less information.
The artisans are targeting much shallower free gold & as BT said historic grades c12g/t .A lot of that material will have been mined but KAV clearly thinks there's potential & want a follow up bulk sample.
Its quite difficult to come to any firm conclusions from this drill other than gold mineralisation has occurred within the shear zones, grades were reasonable but a lot more drilling (June) is required. KAV have 3d IP resistivity & chargeability models & aligning these with the drill results will give a good indication where to drill next.
The drill campaign was proof of concept prior to option exercise so there’s a lot more drilling to come before anyone knows the scale of the deposit. One snippet from the previous result was the alignment of IP to gold deposits.
The unknown £10k trades? BUYs as one was me.
😴
Legalwolf said: "Another good RNS from KAV 2.0."
I am not sure I'm reading the same material then? KAV 2.0 has just spent lots of money drilling a 300m deep hole, and found nothing of especial note, certainly not mineable, in other words just like KAV 1.0. and how 2020/2021/2022/2023 was billed as the "Year of Discovery"
Surprised they released this and didn't wait in case other holes have better results. Can't wait for the next thrilling update.
DYOR!
KAV didn’t quantify copper, it merely said 2-10% sulphides &vast majority will be iron based. The multi element analysis is done in JHB and likely available June.
Two observations, the better grades are quite deep & secondly KAV thinks the grades should be better based on artisan findings. KAV will need this for bulk mining.
Thanks for the tip Legalwolf....onwards and upwards!
@LW
Land a decent copper hit also and I agree
Another good RNS from KAV 2.0. This is one of the few stocks in my pf that I don't feel that I need to worry about. Fully funded and will soon have 3 rigs on the ground proving up gold and copper projects. Majority of the stock is very tightly held. All shaping up very nicely indeed.
Hopefully the next update will push us to 1.5p. GLA
The closest comparison is Sandfire's T4 Motheo which lies on the same regional fault, TBH it means diddly squat because the mineralised zones are more nuanced.
Interestingly ARC Minerals are also about to recommence drilling at the KCB. They hit copper during their maiden drilling campaign there last year. Has anyone here been following ARC and are there any useful comparisons to be made from the work/geology they have been doing vis a vis KAV 2.0?
Quite difficult not to make discoveries on Zim greenbelt but the real question will be scale & commercial attractiveness, tbc.
Botswana & KCB would be the real deal and hopefully they'll start in the next month.
BT took a lot of stick when he asserted this before and KAV didn't deliver a discovery. For him to repeat it again shows his confidence and obviously he is putting his reputation on the line here. I think KAV know they already have the discoveries in Zim and it's a case of proving them up with drilling etc. Three drills soon to be turning in Zim and KCB. Should make for another news filled and share price rising period here. GLA
https://twitter.com/Ben_Turney/status/1788479546028658826
Dave also works with Cobre. Next 3-4 months important for KAV.
Https://www.crown.co.za/latest-news/modern-mining-latest-news/28302-altona-rare-earths-appoints-copper-exploration-consultant
Looks like Dave Catterall is much in demand. Just in case anyone thought he was exclusive to Kavango.
An amusing story from the BBC for a Bank Holiday read: https://www.bbc.co.uk/news/articles/clm3108jxxno
More coverage today
https://audioboom.com/posts/8500425-sunday-roast-featuring-jason-starr-chief-executive-of-dillistone-group-dsg-atn-cgnr-kav
That’s a cracking interview. Summarises brilliantly the opportunity coming up here. BT all but confirming they have already made a commercial discovery in Zim (it just needs proving up) which will be a company maker in itself and multi bag this. But it will go mental if they also hit copper during this 5000m drill campaign.
Locked in the gains at 1.2p. I’m sure we will be multi bag from these levels during these next 6 months. Time to load up and enjoy the news filled ride here. GLA
Bookmarked, will reply in 6 months time...
Codswallop, Swakop. Ben recently shared an audio recording of an interview with Bhulo in which he said he has no interest in running the company or taking anything over. They were simply looking for opportunities for outsized returns in the African minerals exploration space. They'd said they would follow their money with further investment when needed, and they've just shown they meant that. But they also said they want private investors to continue to be able to do the same themselves, which again is what they did in underwriting the whole placing but only committing to their 52% to start with.
There are no shenanigans. JP2000 has miscalculated the Hillside deal and misrepresented a number of other things as well. A main London listing is exactly the right place for Kavango IMO. DYOR and GLTA
Yes with our two main targets copper and gold both at highs, tangible progress being made here and interest just starting to return to the sector it could be the start of a nice wave up.
@Ben_Turney Chief Executive Officer of @KavangoRes talking to @ZaksTradersCafe With an extra £3.08million via an underwritten accelerated bookbuild #KAV ZIM - Hillside gold production on the properties, capped at a value of $1,500,000 https://twitter.com/Share_Talk/status/1786345534954852849
Share Talk took the opportunity to catch up with CEO Ben Turney to hear his thoughts and what the future holds for investors. https://www.share-talk.com/ben-turney-chief-executive-officer-of-kavango-resources-lonkav-talking-to-zaks-traders-cafe-2/
JP 2000 said: "KAV is a main market listed PLC, suggest if Ben wants to continue these shenanigans he takes the company private."
Good points. Shenanigans appear inbuilt. Now that Purebond have such a big wedge of the coy, they presumably feel they can take a (large) punt on KCB, if they find something fine, can flog it, more likely they find nada but the million £ into it pales into insignificance...
Zims is a treasure trove for private companies with money backing them, especially without the pesky corporate oversight required by a public listing. so maybe that was the game all along.?
Remaining shareholders will then perhaps be offered a pitance, but the writing appeared to be on the wall once they chose that route...
Could be wrong of course, all IMHO, DYOR and GLTAH
Https://www.telegraph.co.uk/business/2024/05/02/world-poised-on-edge-new-copper-supercycle/
Right place, right time?