Kavango Resources PLC - mineral explorer in Botswana - Completes ground gravity survey over the Great Red Spot, in Target Area B of its Kalahari Suture Zone project.
"The gravity survey has identified a strong gravity anomaly, which is coincident with the roughly 2250 nanoTesla positive magnetic anomaly of the GRS," company says. It notes strong gravity anomaly can indicate the presence of an intrusion, alteration and mineralisation.
Chief Executive Ben Turney adds: "While it is too early to start drawing definitive conclusions, we are keen to pursue the possibility that the Great Red Spot could host stacked mineralised systems."
Current stock price: 5.45 pence, down 1.9% on Friday
12-month change: up 88%
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Kavango Resources (KAV)