Kavango Resources PLC (LSE:KAV, OTC:KVGOF)Β has told investors that drilling is about to restart on the company’s Kalahari Copper Belt (KCB) project area following a scheduled summer break.
Drilling will resume to complete the sixth and final hole in the programme, rounding off a total of 1,640 metres of drilling across all the holes.
The remaining hole, KCBRD006, is targeting a major stratigraphic structure identified by its Controlled-Source Audio MagnetoTelluric (CSAMT) surveying.
“Through our innovative use of CSAMT, Kavango has identified major structures for the first time on our KCB licences,β Kavango chief executive Ben TurneyΒ said in a statement.
βOur ongoing drill programme has subsequently confirmed these to be associated with deformation, fluid flow, and alteration. This could be a game changer in exploration for a new generation of drill targets on the KCB.
βGiven the large size of our KCB licence package, Kavango is currently working to optimise and prioritise these. Our COO Brett Grist is presently in Botswana with our senior consultants, the results of which work are expected to refine our 2023 KCB exploration strategy”, he added.
