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Kavango Resources PLC - mineral exploration company with operations in Botswana - Within 50/50 joint venture over Ditau project in Botswana with Power Metal Resources PLC, Kavango has increased the exploration scope of of Ditau to include base metals as well as rare earth elements.
As a result, there will be accelerated drilling on the I10 target, with previous exploration identifying a 2.5 kilometres by 2.8 kilometres target area with high AMT resistivity.
Drilling is planned for the fourth quarter of 2021, together with a downhole electromagnetic survey.
"We've been extremely happy with the work Spectral Geophysics has done on our behalf in the Kalahari Suture Zone. The TDEM technology holds a great deal of promise to unlock the region's prospective potential. The more we can test its use with drilling, the better. Given the progress we are making in the KSZ, we have now decided to deploy Spectral's TDEM equipment to Ditau. We are keen to complete a first TDEM survey at I10 to see if we can identify a conductive body," says Chief Executive Officer Ben Turney.
Current stock price: 5.15 pence
Year-to-date change: up 84%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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