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Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining

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Share Price: 1.55

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Kavango Resources Outlines Three Targets For Kalahari Drill Campaign

Wed, 02nd Oct 2019 11:55

(Alliance News) - Kavango Resources on Wednesday said drilling at the Kalahari Suture Zone in Botswana will begin shortly.

The mineral resource company said the programme is likely to take several weeks and the initial plan is to conduct roughly 1,000 metres of drilling at the copper discovery.

Kavango has secured a contract with an experienced Botswana drilling company that has been involved in the discovery and a number of others in the Kalahari belt.

The firm outlined three priority targets for drilling, all of which are near water sources and close to the administrative town of Hukuntsi.

Chief Executive Michael Foster said: "Kavango has identified a number of drill targets, which we believe are highly attractive. These priority targets are now ready for drilling. The drilling company has been mobilized and within a short period of time we will be drilling on the Kalahari Suture Zone.

"This has been an innovative and systematic mineral exploration programme in a very under-explored region of south west Botswana that we believe has excellent potential to host significant base metal deposits."

Shares in Kavango were untraded in London on Wednesday, last quoted at 1.92 pence each.

By Eric Cunha; ericcunha@alliancenews.com

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IN BRIEF: Kavango encouraged by mineralisation findings in Zimbabwe

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IN BRIEF: Kavango finds 9.95 gold grammes per tonne at Hillside

Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Says drilling at Hillside Prospect 2 finds up to 9.95 gold grammes per tonne. Intends to test the gold-bearing potential of these shears by drilling a fence of holes to test for a bulk-minable gold deposit across the entire zone, it says. The Hillside gold project is in Zimbabwe. On Monday, Kavango reported that it had found up to five potentially mineralised shear zones identified from an induced polarisation survey at Hillside. Chief Executive Officer Ben Turney says: "Results from Prospect 2 at Hillside are even stronger than those we've recently reported at Prospect 4. The 7.2 meters wide zone running at 9.95g/t is significant in itself, but viewed in the context of the other gold intercepts in Hole BRDD001 the open-pit potential is clear."

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IN BRIEF: Kavango finds potentially mineralised zones at Hillside

Kavango Resources PLC - Botswana and Zimbabwe-focused exploration company - Finds up to five potentially mineralised shear zones identified from an induced polarisation survey at its Hillside gold project in Zimbabwe. Two of the zones identified from the IP survey coincide with a series of parallel artisanal workings. Adds that three additional shear zones have been interpreted under slightly thicker cover and remain undiscovered. Chief Executive Officer Ben Turney says: "We are looking forward to testing the bulk-minable gold potential at prospect 4. The possible presence of four parallel, gold-bearing shear zones makes this an increasingly attractive exploration target."

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

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