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Kavango Resources PLC - mining company focused in Botswana - Identifies 12 geophysical structures at the Ditau Camp project in Botswana, which the company believes could host carbonatites. Nine of these structure are particularly well defined, and Kavango is now starting a diamond drill campaign to test three of the targets, by drilling up to 2 holes in each targets.
The primary target at rare earth elements mineralisation in possible carbonatites, or secondary REE deposits derived from the primary source.
"Drill testing the ring structure targets should be relatively straightforward. While the geophysical signatures are complex and varied, confirming the presence of carbonatite/mafic bodies would be the first step towards defining the potential for REE and base/precious metal mineralisation. We will release more results from this in the coming weeks, as we progress through the drill campaign," says Chief Executive Officer Ben Turney.
Current stock price: 3.00 pence
12-month change: up 1.7%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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