Kavango Resources Share Discussion Threads

[danmart2] 24/10/2022 08:43

KAV has turned into a disaster story


The Jam tomorrow rhetoric will run out soon, this is likely to be the last major funding raise available above a 1p share price.

[pauliewonder] 24/10/2022 08:42

Agree. This is looking more and more like a jam tomorrow sure which is disappointing given the potential here.

[danmart2] 23/10/2022 00:01

That is all very good, but there is only 1 question and 1 thing that matters at this point in the Kavango story.

Have the current drill holes found anything commercially viable?

Yes and the share price can recover

No and this is heading under 1p

[d220] 21/10/2022 16:58

The trade at 3.45 at 2p is showing on Google Finance as 1.5m shares now! On LSE it is 250k. What is that all about?

[blind_fortune] 20/10/2022 18:14

The KCB is why I am here. Everything else was a distraction. Added to my position today.

[danmart2] 20/10/2022 17:49

More modelling fluff , less results, even less good results

They must be on hole 3 by now, they really do need a very good result or a bleak future awaits raising funds at the current share price level

[jone06] 20/10/2022 09:44

A very long RNS, the only new news really is that they are going to calibrate their model on the adjacent Sandfire known resource. A fantastic opportunity BTW.

[skiboy10] 20/10/2022 07:48

PRESS RELEASE

20 October 2022

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

KCB - drilling update

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce an operational update from the Company's Kalahari Copper Belt ("KCB") project area.

Following interpretation of results from the ongoing Controlled Source Audio Magnetotelluric ("CSAMT") surveys (announced >>> 12 October 2022), Kavango's exploration team has decided to complete the holes in the current drill campaign at PL082/2018 using diamond drilling. Each hole will now first be drilled with a reverse circulation 'pre collar' and then completed with a diamond 'tail'.

The multipurpose rig can be used for both reverse circulation and diamond drilling equipment. The latter is now being mobilised to site.

Diamond drilling will enable Kavango to test properly the interpretation of the CSAMT data to target depth and retrieve drill core samples to evaluate the target lithology, structure, alteration, geochemistry and mineralization.

Hole KCBRC001 has been pre-collared to 153m using reverse circulation drilling and the multipurpose rig has been moved to the site of Hole KCBRC002.

KCBRC002 will test the Northern Zone target, which is an 8km long soil sampling copper anomaly that coincides with the edge of a magnetic high, which Kavango believes could represent a fault.

Kavango has interpreted the CSAMT inversion over KCBRC001 & KCBRC002 to indicate the presence of the crucial D'Kar/Ngwako Pan formational contact within 150m-300m of surface. This formational contact is the primary control for economic copper-silver deposits across the Kalahari Copper Belt. Kavango is keen to test its interpretation of the CSAMT results with diamond drilling to (i) prove that the inverted CSAMT data is effective in identifying the D'kar/Ngwako Pan contact, (ii) to verify interpreted fault structures, and (iii) determine if these targets are mineralized.

Jeremy S. Brett, Senior Geophysical Consultant to Kavango Resources, commented:

"The CSAMT survey is providing a potential breakthrough in the Kalahari Copper Belt for Kavango. We are fortunate to be able to test this immediately with drilling.

The CSAMT data over 3 test lines has been inverted and interpreted to show the contact between the D'Kar and Ngwako Pan formations, which is the main target horizon in the KCB.

A very high degree of resolution has been achieved with the inversions on the known folding in the belt, and has verified Kavango's hypotheses on variable wavelengths of the folds and brittle fault accomodations within the fold patterns to accomdate strain. The faults are postulated to have acted as conduits for mineralizing fluids, that could host deposits where they intersect the D'Kar / Ngwako Pan contact.

The results from the CSAMT inversions are providing us with estimated depths for the D'Kar / Ngwako Pan contact in the range of 150m to 300m from surface. This has led to the decision to switch to diamond drilling, in order to reach target depths with confidence and return drillcore for analyses."

Next Steps:

The northernmost CSAMT Line 4A is currently completed on Kavango's ground and the geophysical team is ready to deploy across the part of Sandfire's ground that hosts the Kronos deposit. This calibration point for the CSAMT survey is expected to confirm the signature for the D'Kar / Ngwako Pan contact .

Kavango had mobilised a multipurpose rig to give maximum operational flexibility as the drill campaign progressed. The ability to switch between reverse circulation and diamond core drilling is a strength of this programme and the Company is now able to take full advantage of this. The results of the CSAMT survey necessitate the switch to diamond drill core in order to test the interpreted contact between the D'Kar and Ngwako Pan rocks, which is the critical target horizon in the KCB.

Kavango has now decided to pre-collar its current planned holes on PL082/2018 with cost-effective reverse circulation drilling and then to return to each of them to complete with the diamond tails. The Company's expectation is that the core samples will provide valuable geological data that confirms the presence of the crucial D'kar/Ngwako Pan formational contact in Kavango's licence area and, hopefully, copper-silver mineralisation.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc

Ben Turney

[e-mail]

[phone]

[danmart2] 19/10/2022 16:58

Silence is bad when it comes to Kavango

[jp2011] 19/10/2022 16:32

They're conducting XRF so I imagine they're having to look at the latest samples to determine if they're in the right place and whether its worth continuing. I don't want to jinx anything and there won't be any definitive assays for a few months, but if they go deeper this is a very encouraging sign.

[hawki4] 19/10/2022 14:01

First drill commenced 10th October and was only aiming to go up to 250m deep so it would be a surprise if it wasn’t at target depth even with the slower diamond drilling. Maybe they’ve gone deeper? Fingers crossed something good has been discovered.

[danmart2] 17/10/2022 23:16

How long until the latest drilling is complete?
Anther week?

[palace pete] 14/10/2022 15:02

I hope Kav don't go down Pow route of spinning off parts as I doesn't seemed to have worked for pow over the years.

[crossfirecssf] 14/10/2022 12:15

Hi JP 2011, as far as I’m aware it’s diamond core drilling.

[skiboy10] 14/10/2022 12:05

Kavango Resources eyes iron oxide copper gold system at Ditau, Botswana

02:23 Fri 14 Oct 2022
Philip Whiterow
View
Kavango Resources PLC
LSE:KAV
OTC:KVGOF
Kavango Resources PLC -
Kavango Resources PLC (LSE:KAV, OTC:KVGOF) said it has identified an iron oxide copper gold (IOCG) system at its Ditau Project in southwestern Botswana.

It is the first confirmation of IOCG-style mineralisation in Botswana, Kavango believes, and suggests "there is considerable exploration upside at Ditau, both for higher grade IOCG discovery and for carbonatites that may contain rare earth elements".

Petrology analysis confirmed the IOCG system at Target i10 in Hole DITDD004 with 15 samples from Ditau tested by an internationally recognised laboratory in the UK.

Kavango said next it will prepare an updated exploration plan incorporating the IOCG deposit model.

In a statement, Ben Turney, Kavango chief executive, said: "These are surprising, positive results for Kavango. The Iron Oxide Copper Gold deposit style has never been considered at Ditau. However, given the project's geological setting, there is a compelling logic to this model."

He added: “Ditau sits towards the western edge of the Kaapvaal Craton and is within an established kimberlite/carbonatite corridor. These are supportive indicators of a potentially favourable environment for IOCG mineralisation.

“Our current strongest lead is Hole DITDD004, which tested Target i10 and remains open in what we believe to be an IOCG breccia at 393m.

“We believe i10 would benefit from deeper and lateral drilling. However, before we send a rig back to Ditau, we need to conduct more CSAMT and gravity surveys over all 12 targets.”

[kdickson] 14/10/2022 10:54

SP Angel . Morning View.
Kavango Resources (KAV LN) 1.9p, Mkt cap £8m – Petrological results at Ditau

Kavango reports that it has received a petrology report on samples from the i10 target at Ditau.

Thin sections from 15 samples of drill core cover four holes from the 2022 programme, with the data interpreted as potential for an IOCG system.

Kavango believe results show a Banded Iron Formation that has been partially re-worked by later mineralised brecciation containing predominantly pyrite and quartz and magnetite.

Samples also show younger intrusives containing elevated levels of rare earth elements, along with minor amounts of bastnaesite, a REE carbonate. ]

Kavango is now planning further Closed Source Audio MagnetoTelluric, and gravity survey work over across Ditau prior to drilling.

The company intends to follow up with further drilling at the i10 target in order to further evaluate the IOCG potential.

[3ootuk] 14/10/2022 10:41

That gold content looks like nothing material to me.

[danmart2] 14/10/2022 10:15

More waffle and bluster from KAVs CEO who is turning into a plastic Paul Johnson of power metals.

It’s always jam tomorrow, look at the potential, etc

It’s never good drilling results !

[jp2011] 14/10/2022 08:15

Given the location, depth and volume of the deposit, what grades would be needed for a good commercial discovery 2-3g/t Au, 0.5-1.0 percent Cu? So far KAV found 0.175g/t Au and some pretty core photos.

[someuwin] 14/10/2022 08:02

Ben Turney @Ben_Turney

This is why we drill!

#Ditau has always been a conceptual, geophysics led project

However, after this morning’s RNS we now have definitive #IOCG & Rare Earth leads to pursue

This could turn into a major development for 🇧🇼 with (possibly?) the country’s first ID of #IOCG