Kavango Resour. Share Price (KAV)

Kavango Resources' Mike Moles talks 'breakthrough' from new report on KSZ

2020-08-07 13:21:00

Kavango Resources PLC's (LON:KAV) Mike Moles speaks to Proactive London's Andrew Scott following an update on its Kalahari Suture Zone prospect. An independent consultant’s report has confirmed two further characteristics of the geology of the project that are shared by the Norilsk deposits in Russia, which host some of the world's richest mineralised zones of copper-nickel-platinum group metals.

https://www.proactiveinvestors.co.uk/companies/amp/news/926140

Hopefully we are due the 3D Modelling report from Mira Geoscience Ltd very soon, which should allow us pin point our drill targets.The completed Model will map the size, location and orientation of gabbroic sills and dykes (conduits) across the KSZ in relation to their sedimentary host rocks (Karoo) and the overlying Kalahari cover.

6 August 2020

KAVANGO RESOURCES PLC

New Petrology Report for KSZ, Botswana

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce the release of a new report by independent consultant, Dr Martin Prendergast, on the petrology and mineral composition of core samples, taken from the Kalahari Suture Zone ("KSZ") during the 2019 drill campaign (the "Report").

Significantly, Dr Prendergast's Report confirms two further shared characteristics of the geology of the KSZ and that of the Norilsk deposits in Russia. The Norilsk deposits host some of the world's richest mineralised zones of copper-nickel-platinum group metals ("PGMs").

Highlights

v The Report confirms:

- The presence of cumulate rocks
- Sulphide liquid fractionation

v Despite the continuing lockdown in Botswana, Kavango has been able to courier core samples from the 2019 KSZ drill campaign to a laboratory in Johannesburg for whole rock analysis and the preparation of polished thin sections. The thin sections and analytical data were then couriered to Dr Prendergast in Scotland for interpretation and reporting.

v Dr Prendergast's Report and the thin sections will now be sent to Dr David Holwell and his team at the University of Leicester for further interpretation and an update of his KSZ Mineral Systems Review ("MSR").

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"The publication by our consultant, Dr Prendergast, of his report is an important step forward for the Company, as it seeks to validate its exploration hypothesis that one or more 'Norilsk style' deposits exist in association with magmatic rocks along the KSZ structure in SW Botswana.

There now seems little doubt that there was enough sulphur in the magma to form a metal sulphide liquid phase. Dr Prendergast's report suggests that as much as 50% of the nickel and perhaps all of the copper in the magma may have precipitated as metal sulphides. The quantity of metal sulphide precipitated is a function of how much magma passed through the system on its way to the surface. All the indications suggest that it was in the order of several thousand cubic kilometres. Where the metal sulphide was precipitated and eventually crystallised is now the main focus of the company's exploration. Geological modelling of the gabbroic intrusives in the Hu****si area identify areas of gabbro sill thickening similar to those associated with major orebodies at Norilsk. These zones of sill thickening are now being mapped and evaluated. Targets for ground based low frequency EM surveying are being selected and the surveys will be carried out once the Covid-19 restrictions have been lifted."

https://uk.advfn.com/stock-market/london/kavango-resources-KAV/share-news/Kavango-Resources-PLC-New-Petrology-Report-for-KSZ/83011897

Skiboy10
5 Aug '20 - 14:51 - 1571 of 1576 Edit

Zac Mir suggested a 5p target over the next couple of months based on the charts. Obviously some good news makes this more likely. Pick any or all of Mira Geoscience modelling update, Ditau update, KCB work programme, and potential KSZ JV news.

Zak Mir gives an overview of the fundamentals in this video charting update.

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https://twitter.com/Share_Talk/status/1290251806103273473?s=20

https://www.share-talk.com/share-talk-bulletin-board-heroes-monday-3rd-august-2020/