London-listed Kavango Resources, which is targeting the discovery of world-class mineral deposits in Botswana has recorded recent progress across its portfolio of projects − the Kalahari Suture Zone (KSZ), the Kalahari Copper Belt (KCB) and Ditau.
Ten prospecting licences (PLs) cover a substantial portion of the 450 km strike length of the company's KSZ project.
Following the successful 2019 drilling campaign, the company and its independent consultants are now building a computerized three-dimensional (3D) underground map (model) of the northern part of the KSZ project area.
The goal is to identify future high-priority drill targets.
Data from multiple sources are being incorporated into the model. This includes results from the recent drilling, ground geophysics and airborne surveys, as well as third-party drilling data from other mineral exploration efforts and water boreholes.
Dr David Holwell, an authority on magmatic sulphide deposits and a professor at Leicester University in the UK, has recently carried out a detailed independent mineral systems review and the economic potential of the KSZ l licences.
The company is now fully funded for the next phase of exploration work at the KSZ.
At the KCB joint venture (JV) project, a number of PLs are under review for inclusion in the JV, while Kavango is also assessing other PLs, with a view to taking 100% direct interest in those.
The company is also undertaking ongoing desktop examination and compilation of historical exploration data, reports, maps and research papers, including soil sampling results, airborne electromagnetic surveys, drilling data from exploration and water boreholes over the entire Botswana segment of the KCB.
THE DITAU PROJECT
Following the announcement in 2019 that Kavango was seeking a JV partner for the Ditau project, LSE-listed Power Metal Resources is conducting due diligence in anticipation of completing the acquisition of a 51% interest in Ditau where the company holds two PLs.
The company has planned orientation work on the Falconbridge carbonatites, 25 km to the north of Ditau. Three carbonatites were discovered in the 1970s by Falconbridge Exploration. These now lie within a De Beers diamond exploration licence. De Beers has granted Kavango site access to its licence area, subject to adoption of an environmental management plan.
Non-invasive geophysical work is planned, subject to Power Metals' agreement.
The Falconbridge Orientation will be designed to guide future exploration of the "10 ring structure" magnetic targets thought to represent carbonatites at Ditau.
COVID-19
Meanwhile, the company said there had been minimal Covid-19-related disruption so far to the company's operations, with recent work focused on analysis and modelling of all data collected over the last 18 months.
"Following completion of our recent strategic financing, we are extremely pleased to report on the progress we have made over recent months. We have kept dilution to a minimum, as we now enter the next crucial phase of exploration across our portfolio of projects.
Our goal is to discover world-class metal deposits in Botswana. Thanks to the evidence we have gathered in the field from surveys and drilling we are well positioned to build sophisticated geological models to hone future high-priority target selection,” said Kavango CEO Michael Foster.