London-listed Kavango Resources has announced the renewal of prospecting licences (PLs) PL082/2018 and PL083/2018, on which the LVR project is based, in the Kalahari Copper Belt (KCB).
The LVR project is held in a joint venture between the company and LVR GeoExplorers.
Kavango is earning into the LVR project and has, to date, acquired a 25% stake.
The LVR project covers 1 091 km2 of prospective ground in the KCB.
First drill targets were announced on June 3. Field exploration is ongoing and a further update is expected in the coming weeks.
“The LVR project is quietly gaining momentum. We think PL082 is particularly interesting. Analysis and fieldwork so far suggest this licence could contain a mirror of Cupric Canyon's Banana Zone South Limb on the other side of the Ghanzi Ridge.
“We expect to release descriptive media, illustrating the extent of this project's potential in the coming weeks,” Kavango CEO Ben Turney says.