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Share Price: 1.425
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Change: -0.025 (-1.72%)
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Kavango Resources encouraged by drilling at Ditau

Thu, 16th May 2019 10:56

(Sharecast News) - Exploration group Kavango Resources released further information on the second diamond drill hole at its Ditau prospect on Thursday.The London-listed form said the intersection of over 320 metres of "intensely altered" Karoo sediments above a gabbroic intrusive mirrored the alteration identified in DitDDH1, which lay 1.8 kilometres to the west.It said the Ditau prospect, which formed part of Kavango's KSZ Project, was underlain by magnetic and gravity anomalies that suggested a seven kilometre by five kilometre intrusive body at depth.The alteration zone was discovered using ground based geophysical techniques, the board explained.It said that, although Kavango's principal interest was in the alteration halo, it was decided to continue the hole until the underlying intrusive was encountered at 478.55 metres.Since the intrusive was also seen to be altered and mineralised, the hole was continued to a final depth of 557.34 metres.Kavango said the second hole - DitDDH2 - drilled at the Ditau Prospect was finally stopped at 557.34m, with core recovery described as "good", and downhole surveying confirming that deviation of the hole from vertical was minimal.Kalahari sands and sediments extended to 40 metres, with Karoo sediments continuing for a further 438 metres until the intrusive was encountered at 478.55 metres, the board said.An 80 metre dolerite sill was intersected at 281 metres.Geological logging and preliminary geochemical analysis by portable XRFi showed a 320 metre zone of intensely altered rock, similar to that encountered in DitDDH1, was intersected before reaching the underlying intrusive.The hole was continued for a further 78.79 metres into the gabbroic intrusive, which Kavango said was mineralised and heavily altered.It said the mineralisation included chalcopyrite.Half core from the alteration zone and the gabbro had been cut and sampled at one metre intervals, and had been sent via South Africa for preparation to Genalysis Laboratories in Perth, Australia for assay.Although the portable XRF analyser was unable to determine indicative values for gold, silver, and PGEs, results suggested elevated values for cobalt, zinc, nickel and copper.The core also appeared to contain high levels of rare earth elements.Further drilling plans would be assessed once assay values were received and interpreted, Kavango added."We are extremely encouraged that the geophysics, geochemistry and the initial drilling which we have now completed at Ditau have been very successful in predicting a prospective hydrothermal system under complete cover," said chief executive Michael Foster."The large system displays important ingredients for mineral deposits, such as intrusives for heat and metal source, receptive overlying sediments with accompanying alteration and anomalous metal values."Foster said assays were "eagerly awaited", and would be announced to the market as soon as they became available."The company will then be in a position to compile a 3D model, with the extensive information we now have, to understand fully the potential of Ditau."
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21 Feb 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 22 February 
Barkby Group PLCAGM
Gooch & Housego PLCAGM
Itaconix PLCGM re open offer shares
RWS Holdings PLCAGM
Tharisa PLCAGM
Thursday 23 February 
Bankers Investment Trust PLCAGM
Foresight Sustainable Forestry Co PLCAGM
IntegraFin Holdings PLCAGM
Friday 24 February 
Caledonian Trust PLCAGM
Ediston Property Investment Co PLCAGM
Monday 27 February 
Bonhill Group PLCGM re proposed capital reduction
Carr's Group PLCAGM
Diversified Energy Co PLCGM re capital raise and proposed acquisition
Oncimmune Holdings PLCAGM
Ramsdens Holdings PLCAGM
Tuesday 28 February 
Aberdeen Diversified Income & Growth Trust PLCAGM
Aquila Energy Efficiency Trust PLCGM re initial public offering vote
Cora Gold LtdGM re equity fundraising
Edge Performance VCT PLCGM re voluntary liquidation
Hambro Perks Acquisition Co LtdEGM business combination extension
Image Scan Holdings PLCAGM
Kavango Resources PLCGM re approving the issue of the Warrants 
Ncondezi Energy LtdEGM re change of name
Newmark Security PLCAGM
Reabold Resources PLCGM re capital reduction
Watkin Jones PLCAGM
  
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20 Feb 2023 10:03

Kavango to refocus efforts on Karakubis after consultancy advice

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17 Feb 2023 14:49

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21 Dec 2022 11:56

IN BRIEF: Kavango Resources appoints new executive director

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Kavango Resources considers further exploration after system surprise

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12 Oct 2022 10:17

Kavango Resources excited by results from Kalahari licence surveys

(Alliance News) - Kavango Resources PLC on Wednesday said it has received encouraging results from surveys at one of its licences on the Kalahari copper belt.

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