Kavango Resources Share Discussion Threads

[skiboy10] 08/9/2020 13:26

KAV

SP Angel . Morning View .

Kavango Resources (KAV LN) 2.85p, Mkt cap £4.5m – Further data on similarities between the Kahalari Suture Zone and the Norilsk nickel system in Russia

Kavango Resources has released further details of its 3D modelling showing geological similarities between the northern, Hukuntsi, zone of its Kalahari Suture Zone (KSZ) project in Botswana and the Norilsk region of Siberia which “accounts for 90% of Russia's nickel reserves, 55% of its copper and virtually all of its' platinum group metals”.

The company’s modelling which incorporates airborne magnetic and electromagnetic geophysical data as well as drill hole and resistivity information, “depict flat lying Karoo gabbro sills in 3D, which bear a remarkable resemblance to those containing large deposits of copper, nickel and platinum group metal (Cu/Ni/PGM) rich massive sulphides in the Norilsk mining centre in Siberia”.

In particular, the modelling identifies 10 large scale geological sills (“Relatively thin, planar, horizontal bodies of solidified gabbroic magma that intruded into layers of sedimentary rock whilst still molten”) covering some 300km2 “within 400m of the surface, making them viable exploration targets”.

“Kavango's geologists will now work to select up to six of the most prospective targets for follow up exploration and drilling”.

CEO, Michael Foster, explained that the imagery was a major step forward in the company’s exploration of the KSZ which allowed them “to view the gabbroic intrusions in 3D. We can see their shape, size thickness and their depth from surface. We can clearly identify and locate the thicker parts of the sills for follow up EM surveying … which should culminate in an extensive drilling programme in the KSZ."

The company includes a link to a more detailed presentation describing the similarities with Norilsk at

hxxps://www.kavangoresources.com/media/attachments/2020/04/29/mineral-systems-review-of-the-ksz-botswana.pdf as well as a number of detailed vertical sections.

Conclusion: Kavango Resources is building a compelling technical case for the geological similarities between its KSZ project and the well-known Noriilsk deposits. Ultimately however the challenge will be to build on the impressive technical work to identify and prove up a commercial body of mineralisation.

[the bull] 08/9/2020 13:14

I'm in, 250K

[d220] 08/9/2020 09:36

It seems that all the trades are small volume so far. Could really do with some substantial positions being taken (unless delayed trades go through later?) to push this over 3p. Come on Mike, lets have another interview! :-)

[thelung] 08/9/2020 09:01

EM surveying should be this year and follow on drilling should be in Q2 after the end of the rainy season

[palwing32] 08/9/2020 08:50

Great RNS. Lots of potential.Do we know what timescales for these activities?

[palwing32] 08/9/2020 08:48

hTTps://twitter.com/KavangoRes/status/1303214747530260481/photo/2

[thelung] 08/9/2020 08:43

"Next steps at Hukuntsi

Kavango’s geologists will now select six of the most prospective “keels” at Hukuntsi for large loop, low frequency EM surveying to test for massive sulphide concentrations, which are known to be highly conductive.

The Company expects this work will result in the identification of high-priority targets for future drilling."

______


Funding is in place for the EM Surveying but further funding will be required for the extensive drilling campaign. I'd rather that they don't go down the JV route at such as early stage.

[the chairman elect] 08/9/2020 08:40

Looks like an extremely interesting story @ KAV especially the KSZ

Norilsk is I believe the world's biggest mine?

Also the KAV chart looks very bullish - perhaps a re-visit of the old highs at circa 5p might now be in order?

[d220] 08/9/2020 08:23

Yes, fantastic potential here! Market likes it too. Just get some PR going to spread the word and we could build a decent MCap from this.

[philjeans] 08/9/2020 08:21

Amazing news. Huge potential.

[skiboy10] 08/9/2020 08:08

Kavango highlights similarities between northern Kalahari Suture Zone and Norilsk with new images

2020-09-08 07:59:00
The Kalahari Suture Zone could turn out to be transformational for the company
Kavango Resources PLC -

Kavango Resources PLC (LON:KAV) has published initial images of three dimensional geological modelling developed from data obtained from the Kalahari Suture Zone project in south-western Botswana.

The images confirm significant similarities between the northern Hukuntsi section of the KSZ and the giant Norilsk mining centre in Siberia. Norilsk accounts for 90% of Russia's nickel reserves, 55% of its copper and virtually all of its' platinum group metals.

Kavango increasingly believes that Hukuntsi has the potential to host very significant copper, nickel and platinum group metal deposits.

The 3D model incorporates thousands of data points, collected from two phases of airborne electro-magnetic and magnetic surveying as well as drill hole data and resistivity surveys completed over the Hukuntsi section of the KSZ.

"The imagery coming out of the computer-generated geological model is quite spectacular and potentially transformational for the company,” said chief executive Mike Foster.

“We are now able to view the gabbroic intrusions in 3D. We can see their shape, size thickness and their depth from surface. We can clearly identify and locate the thicker parts of the sills for follow up EM surveying. This is a major step forward in our exploration, which should culminate in an extensive drilling programme in the KSZ."

[soulsauce] 08/9/2020 07:59

Cheers Skiboy.

[skiboy10] 08/9/2020 07:50

They raised some cash earlier this year so are funded for this drilling campaign I believe but a potential JV has also been talked about for a while which may add to financial resources.

[soulsauce] 08/9/2020 07:48

Thanks Flavio much appreciated.

[flavio_monteiro] 08/9/2020 07:47

Soulsauce...I think they will need funding for the drilling campaign

[soulsauce] 08/9/2020 07:45

Looks like great news. Are they funded for a drilling campaign or will they need to raise in the near future? Thanks in advance.

[skiboy10] 08/9/2020 07:43

Good 2min explanation of Norilsk and KSZ


Kavango Resources
⁦‪@KavangoRes‬⁩

#KAV #KSZ ⁦‪@VNSGlobal‬⁩
𝐊𝐀𝐋𝐀9815;𝐀Ү25;𝐈 𝐒𝐔𝐓𝐔9825;𝐄 𝐙𝐎𝐍𝐄
⁦‪@KavangoRes‬⁩ Technical Director Mike Moles expains why ⁦‪@KavangoRes‬⁩ think with the Kalahari Suture Zone, they have something similar to the "Largest mine in the world" the Norilsk Mine in Russia

[skiboy10] 08/9/2020 07:31

As pauljohnson just said on twittter great update from KAV. Can't wait for them the get back on the ground at the KSZ. Ridiculous potential upside from a 5M market cap.

"Following further analysis this summer of data and core samples gathered from the KSZ, there is increasing evidence that Hukuntsi could host multiple magmatic sulphide deposits."

[shearluc] 08/9/2020 07:11

Great News....this has the potential to be VERY significant!

[book5] 08/9/2020 07:06

Exciting...

[the bull] 03/9/2020 23:26

I have my eye on KOD also, lithium in Mali, saw the 100% rise the other day, thought I would wait for the big correction. A small correction came then up she goes again. If the market tanks though, there could be some bargains, i will sit out for now