Kavango Resources Share Discussion Threads

[book5] 22/11/2019 08:21

So there has been a delay
No results yet
Gla

[d220] 22/11/2019 08:18

Skiboy so are they drilling more than 3 holes or was this RT50 not the third?

[thelung] 22/11/2019 08:18

If they don't find on this drill we're looking at we'll below 1p so hence my comments of it being the final roll of the dice in my eyes

[skiboy10] 22/11/2019 08:14

No that is not correct TheLung as the company are still drilling at the KSZ.

[thelung] 22/11/2019 08:09

Third and final roll of the dice. See my earlier post.

[d220] 22/11/2019 08:08

If it makes you feel happier, have a gold star and go to the top of the class!

[fqr714bhp] 22/11/2019 08:05

There you go , i was correct?

[d220] 22/11/2019 08:04

The lung or others: can anyone confirm how many holes they have drilled and whether they are still drilling as doesn't seem clear to me from the RNS?

[skiboy10] 22/11/2019 07:55

He does sound pretty bullish. As they said pre-drill ‘We only need a sniff (of massive sulphides) and we’re away’

[phurley] 22/11/2019 07:52

They are v confident in finding exactly what they set out to do. Excellent RNS and a bargain at 2.3p

[skiboy10] 22/11/2019 07:43

MF sounds confident

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"Our multi hole drill program on the KSZ progresses well, with the hunt being on for massive sulphides. The intersection of a gabbroic sill at exactly the depth and location predicted by Kavango's geophysical surveys demonstrates the effectiveness of the Company's exploration methodology. We look forward to identifying sulphide mineralization in at least some of the proposed drill holes. This would be consistent with Kavango's prediction that the KSZ has the potential to host world class magmatic sulphide deposits similar to those found at the giant Cu-Ni-PGE deposits at Norilsk in Siberia. We will provide the market with further updates as this drill campaign proceeds."

[riley9] 22/11/2019 07:33

Am I right as interpreting that as they've found the type of rock they were expecting, now they need to analyse it to see what's in it ?

[catsick] 22/11/2019 07:22

So they have at least hit Gabbro so potentially could have a kitchen countertop mine

[thelung] 22/11/2019 07:15

RIT38 was the first hole and RIT8 was second so they were both duds, hence the selling. Fingers crossed for RIT50 as the final roll of the dice and it's looking promising

[fqr714bhp] 21/11/2019 20:38

The interview as he explained it, the rig was on site at the time of the interview and drilling would take 3-4 weeks from that YouTube interview.

I make that @ 24th November 2019.

If it is not going well, then it is about time he tells us it is not going well.

IMHO.

[riley9] 21/11/2019 20:12

They also said there were delays getting on site due to sand.

[fqr714bhp] 21/11/2019 20:08

See the link on post 996

[fqr714bhp] 21/11/2019 20:05

The Youtube interview was on the 28th October?

He said the 1st drill would take 3 to 4 weeks.

He also said if it was massive deposits he would release news early.

I make that the 24th November?

I guess things are not going well?

LOL.

[d220] 21/11/2019 16:47

fqr - I dont where you are getting this "deadline!" from? Th company has set no such deadline. MM said that the drill should take 3-4 weeks if all goes well. You are setting yourself up for disappointment if you think news is guaranteed by Monday.

[fqr714bhp] 21/11/2019 09:16

3 trading days to go before the 4 week 1st drill result deadline

[edjge2] 20/11/2019 19:42

appreciate list small tick up today

[skiboy10] 20/11/2019 12:45

Peter Anderton is one of the Riversdale Mining guys that were listed on the ASX and taken over by Rio for $4 billion in 2011