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IN BRIEF: Kavango completes soil programme at Kalahari Copper licence

Fri, 05th Aug 2022 15:42

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Completes initial soil geochemical programme at Kalahari Copper belt licence PL036/2020, with 5,145 soil samples collected in total.

Large-scale programme has been undertaken, with four significant geochemical features consisting of 15 parts per million copper anomalies delineated.

Follow-up work to include infill soil sampling, upgraded interpretation of existing airborne magnetics, and a reverse circulation drill programme.

"Through an intensive soil sampling program across our KCB licences, we have sought to achieve enhanced target resolution ahead of drilling. Not only have we achieved this, but through the close spacing of samples we have also identified a previously unidentified and prospective structure, which is now being followed up. The combined soil sampling and geological mapping, which has recently successfully identified multiple instances of the key Ngwako Pan-D'kar formational contact in our licences, is helping us sharpen our drill targets," says Chief Executive Officer Ben Turney.

Current stock price: 1.92 pence

12-month change: down 66%

By Dayo Laniyan; dayolaniyan@alliancenews.com

More News

19 Apr 2024 11:24

Kavango Resources announces drill tender for drilling at Karakubis

(Alliance News) - Kavango Resources PLC on Friday said that it is tendering for the first phase of scope drilling on the Kalahari copper belt at its Karakubis project in Botswana.

18 Apr 2024 14:38

IN BRIEF: Kavango Resources loss widens; eyes Kalahari drilling start

Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Pretax loss widens 49% to USD3.3 million in 2023, from USD2.2 million in 2022. Notably, Kavango reports pre-licence exploration costs of USD1.2 million for 2023, compared to none a year prior. Administrative cost decrease 7.0% to USD2.1 million from USD2.2 million. The company is in a pre-revenue state so far. Kavango expects to start drilling at Kalahari copper belt project in Botswana in the middle of the second quarter of 2024. Notes that in March it signed its first contract to start immediate gold mining operations at the Hillside project in Zimbabwe.

16 Apr 2024 20:34

EARNINGS AND TRADING: AssetCo deputy retiring, Chapel Down ups revenue

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

15 Apr 2024 11:01

IN BRIEF: Kavango celebrates drilling results at Hillside, Zimbabwe

Kavango Resources PLC on Monday said - London-based, Southern Africa-focused metals exploration company - Finds 29.08 grammes of gold per tonne at the Hillside Prospect 4 gold asset in Matabeleland, southern Zimbabwe after drilling SKDD001 hole. Says hole contains multiple further broad zones of geochemically anomalous gold values thought to relate to additional shear zones. Results are pending on four other holes drilled across three other Hillside prospects, it adds. Kavango will also examine near surface gold mining potential at prospect 4, based on intersected grades and ongoing artisanal mining in the area. Chief Executive Officer Ben Turney says: "This result far surpasses our expectations at prospect 4. Prospect 4 is our fourth-ranked target at Hillside. These results underline the Hillside project's overall potential to host over [one] million ounces of mineable gold."

12 Apr 2024 10:30

IN BRIEF: Kavango completes magentic survey at Nara project, Zimbabwe

Kavango Resources PLC - London-based, Southern Africa-focused metals exploration company - Completes ground magnetic survey on Nara gold project in Zimbabwe. Says it has identified magnetic low lineaments interpreted as shear zones. Shear zones are commonly associated with gold mineralisation, it explains, adding this discovery will lead to a follow-up survey. Chief Executive Ben Turney says: "We've mobilised the rig to our Nara Project in March and have just completed our fifth diamond hole here. We will provide an update on drilling in the coming weeks but based on visual observations of core we decided to push ahead with a ground magnetic survey of the project area. Our goal was to learn more about the structure we are drill testing." This comes after Kavango on Thursday said that it had received authorisation to export drill core samples from the Hillside project, also in Zimbabwe.

11 Apr 2024 09:46

Kavango Resources gets approval to export Zimbabwe test samples

(Alliance News) - Kavango Resources PLC on Thursday said that it has received authorisation to export drill core samples from the Hillside gold project in Zimbabwe.

2 Apr 2024 16:27

TRADING UPDATES: Ground Rents refinances; ECR Minerals loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

22 Mar 2024 12:03

Kavango Resources completes airborne survey of Bostwana copper asset

(Alliance News) - Kavango Resources PLC on Friday announced the completion of the final geological survey of its property in Botswana's Kalahari copper belt.

8 Mar 2024 10:41

IN BRIEF: Kavango rises as eyes revenue from Zimbabwe mining arm

Kavango Resources PLC - Southern Africa-focused metals explorer - Announces that it expects to move to revenue in March, adding that it aims to double current production to one kilogram of gold a month over the course of 2024. Kavango also announces that it has signed its first contract to start immediate gold mining operations at its Hillside project in Zimbabwe. Also says that it has formed a new subsidiary in Zimbabwe, Kavango Mining Ltd. Chief Executive Ben Turney says: "Current revenue at Hillside amounts to around AUD30,000 per month, and the operation there is already profitable. Continuous production at Zimbabwe gold projects secures the ground and forms an important part of any long-term development plan. Our objective is to become a significant gold producer in this country, and this is our first step towards achieving this goal. If all goes well, there are other production opportunities we hope to bring to Kavango."

6 Mar 2024 16:16

IN BRIEF: Kavango touts indicated gold at Nara project in Zimbabwe

Kavango Resources PLC - Southern Africa-focused metals explorer - Reports indicated mineral resource at an average of 0.62 grammes of gold per tonne at the Nara gold project in Zimbabwe, for a total of 5,860 ounces gold contained. Further, notes an inferred resource of 11,900 tonnes at 0.66 grammes of gold per tonne for a total of 253 ounces. Chief Executive Officer Ben Turney says: "While our primary objective is to discover larger-scale, bulk minable gold deposits, the 6,000 ounces of gold in the main tailings dump present an early opportunity for commercialising this project." He adds: "We will now commence metallurgical test work to optimise plant design to enable future gold production."

23 Feb 2024 11:00

IN BRIEF: Kavango begins IP surveys at Hillside project, Zimbabwe

Kavango Resources PLC - Southern Africa-focused metals explorer - Says it has begun its IP surveys over four prospects at its Hillside gold project in Zimbabwe. Says the surveys are designed to identify sulphide bodies associated with high-grade gold-bearing shear structures related to historic and artisanal workings. Adds that four diamond core holes have been completed for a total of 1,306 metres at four prospects at Hillside, noting that visual observations from the cores are "encouraging". The samples are awaiting export permission for assay testing. An additional 1,400m of diamond drilling is planned to test targets identified by the current IP survey programme and extend intersections observed in recent drilling. Chief Executive Officer Ben Turney says: "IP surveys can be used to map underground metal mineralisation that is associated with gold. This can be a powerful exploration tool to plot the extent of possible ore bodies. The extra IP data will help guide future drilling, by providing Kavango with focused target areas."

25 Jan 2024 20:09

TRADING UPDATES: Microsaic completes acquisition; Narf revenue soars

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

23 Jan 2024 18:43

IN BRIEF: Kavango agrees call option extension for Hillside project

Kavango Resources PLC - Southern Africa-focused metals explorer - Agrees with sellers of Hillside project in Zimbabwe to extend the period for exercise of the option by 90 days. Parties entered original agreement on July 25 with an initial six-month term, with expiration on Wednesday.

18 Jan 2024 18:26

TRADING UPDATES: Patent boosts for DG Innovate and Arecor Therapeutics

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

29 Nov 2023 18:07

TRADING UPDATES: Aura eyes Tiris expansion; Kavango backs Pambili

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday and not separately reported by Alliance News:

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IN BRIEF: Kavango completes soil programme at Kalahari Copper licence

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