Kavango Resources Share Discussion Threads

[palace pete] 06/4/2023 11:05

https://t.me/+RQJOOsLKvfc1NGY8

[bradshaw980] 05/4/2023 22:00

'Could' 'may' not want you want to here from an explorco

[danmart2] 05/4/2023 21:46

More hot air from the Kavango CEO, how many more years of finding nothing?

[hawki4] 05/4/2023 15:47

End of financial year. Folk tidying up accounts etc. probably accounts for some of the repeated trades. Overall it feels more positive but it’s going to take hard facts to really move this.

[hawki4] 05/4/2023 15:47

End of financial year. Folk tidying up accounts etc. probably accounts for some of the repeated trades. Overall it feels more positive but it’s going to take hard facts to really move this.

[skiboy10] 05/4/2023 15:26

Kavango finds further evidence of mineralisation at Ditau


Kavango Resources PLC (LSE:KAV, OTC:KVGOF) said it has identified further evidence of a potential wider mineralised system at the i10 target on the Ditau project in southwest Botswana.

Logging two historic exploration holes in the vicinity of Kavango’s DITDD004 hole drilled a year ago, both exhibited clear evidence of mineralisation, it said.

One of these holes, X077, is 470 metres (m) from DITDD004 and remains open at depth, with Kavango considering drilling a twin hole to test the target.

The other hole, X081, is 3km to the southwest of DITDD004 and was drilled to a depth of 144m.

Samples from both historic holes have been sent for assay testing.

Ben Turney, Kavango's chief executive, added: "Gaining access to exploration holes X077 and X081 via the Botswana Geological Institute could prove to be decisive in our Ditau exploration programme.

"X077 has already demonstrated the potential strike extent of the thick mineralised Banded Iron Formation we intercepted with our hole DITDD004 last April.

“However, the identification of X081 opens an even more intriguing line of investigation for us.

“Evidence of intense local hydrothermal activity and the clear presence of iron oxides and sulphides strengthen the possibility of a regional exploration play.”

[jp2011] 05/4/2023 12:11

Ridiculous share price movement last two days, MM marking down down on light volume with buyers flocking in.

[jp2011] 05/4/2023 12:06

I'd prefer a Q&A with BT

[bungeetrader] 05/4/2023 11:39

I think KAV should stop putting out RNS's and save some money. They do nothing for the share price as can be seen today. Save it for something with some meat on the bones!

[kdickson] 05/4/2023 11:15

SP Angel . Morning View . Gold prices rally past $2,000/oz as US labour data surprises to the downside

Kavango Resources (KAV LN) 1p, Mkt cap £8m –Historical exploration drill core logged at Ditau

Having confirmed the 470m strike of the Banded Iron Formation at Ditau, Kavango has now logged two additional historic exploration holes gained from the Botswana Geological Institute.

The Kavango team note that both holes show clear visual evidence of mineralisation.

X077_H002 was drilled to 189m depth and is 470m away from DITDD004.

X077 is noted to intercept similar mineralisation to the BIF identified by Dr Hamid Mumin in his recent review of Ditau.

Mineralisation in the X077 hole remains open at depth, with the Kavango team eyeing a twin drill hole to gain a better understanding of the target.

The second hole, X081 was drilled to a depth of 144km and lies 3km southwest of the DITDD004 hole.

Kavango notes the core is highly weathered and oxidised but contains clear signs of intense hydrothermal activity.

We await the assay results eagerly.

[soulsauce] 03/4/2023 16:11

What pipe dream number are we on now 🤔

[skiboy10] 03/4/2023 16:02

The unearthed drillhole opening a window into Ditau’s gold potential…

Dear Reader,
It’s often said that nothing comes for free.

Nine times out of ten, I would agree – certainly when it comes to mineral exploration. That being said, I feel we bucked the trend with our news on Friday.

If you haven’t already seen, we announced a significant extension to our mineralised Banded Iron Formation (“BIF”) at Ditau.

This alone is excellent news, assisting in the ongoing developing of our lode gold model for the project. What makes the development even better this time around, however, is that it has incurred no additional cost to Kavango.

Instead, our progress here boils down to some initiative and a great deal of much-appreciated support from the Botswana Geological Institute. With this in mind, I thought I’d take the opportunity to share some more on this fortunate turn of events…

Building momentum at Ditau
Really, the circumstances that led to this positive development date back to this time last year. It was around this point we were preparing for our own drilling campaign to test the i10 anomaly at Ditau, originally targeting the carbonatite theory our team had developed.

While doing a recce in the field, Hillary came across two recently drilled exploration holes – evidenced by the concrete caps covering them.

To be honest, we pretty quickly had a good idea of how they got there.

The caps told us the pair of holes were drilled in 2021. Given we were the metal exploration licence holders at this time, we knew they were almost certainly diamond exploration holes. This is possible because in Botswana metal and diamond licences can overlap.
Photo from Hillary’s field journal from when he first found Hole X077 (his notepad is on top of the cap)
Photo from Hillary’s field journal from when he first found Hole X077 (his notepad is on top of the cap).
From here, we then took an educated guess that another company had, like us, been targeting i10, but working on the theory that it was a kimberlite capable of hosting diamonds. We also interpreted the lack of follow-up as an indicator that this third party had not found what they were looking for and had moved on.

Parking this for the time being, we pushed forward with our own drilling of i10.

Our first hole, DITDD003, did not hit anything.

However, our second hole–DITDD004–encountered a 100m thick mineralised “Zone of Interest” from 293m to 393m. This contained anomalous gold and copper values and remained open at depth at the end of the hole.

Fast forward to 2023, and a report authored by Dr. Mumin of Brandon University posited that this Zone of Interest is likely to be part of a very thick mineralised Banded Iron Formation–or “BIF”. Moreover, he wrote that the alteration and deformation present in core from this BIF suggests excellent potential for a large-scale lode gold system.

This, as I’ve written before, immediately presented us with a very exciting opportunity at Ditau; lode gold systems are responsible for vast precious metal deposits globally.

So to advance our understanding of this new model quickly, we launched into an accelerated work programme detailed at the end of this announcement.

This work is ongoing. However, I couldn’t shake the feeling that those two diamond drilling holes we’d previously encountered could add a great deal of value. After all:
The holes had already been drilled, potentially providing ready access to core
They were drilled into our primary target zone, just 470m northeast of DITDD004
They were exploration holes specifically, potentially cutting out the onerous piecing together of geological info from various boreholes that typically takes place during historical logging
Shortly after receiving Dr. Mumin’s report, I reached out to inquire about the two existing holes over i10.

I quickly learned that we were correct in our assumptions around the additional exploration activity at i10. The first of the two holes was abandoned at 60m (this happens in drilling, as we recently saw in the Kalahari Copper Belt), but the second hole–X077̵1; was drilled to 189m.

The Institute also, very graciously, agreed to come with us when we went to review the drill core and logs from Hole X077, now under its ownership.

Naturally, we were delighted at the offer and immediately flew Brett out to complete an initial review alongside our team on the ground.

Suffice it to say, the core has been very useful.

As detailed in Friday’s announcement, we found that Hole X077 was stopped in the same mineralised BIF we intersected with Hole DITDD004. With this, we can draw two important initial conclusions…

First, we now know that the mineralised BIF spans at least 470m to the northwest of DITDD004 – the distance between the two holes. It could be much longer, and our work moving forward will aim to delineate its true length in more detail.

Second, while we already know the mineralised BIF is very thick thanks to the 100m length of our Zone of Interest, we now have more data to support the theory that its even thicker.

After all, both Hole DITDD004 and Hole X077 ended in mineralised BIF– in other words, where things were still very interesting. This could extend even further, and we already have interesting visual indicators about how far things could go. We’ll be publishing more on this in the future.
Cross-section viewed west, showing Hole DITDD004 and Hole DITDD003, drilled by Kavango, and Hole X077, drilled by the Third Party. Zones of interpreted mineralised BIF are shown in red hatch at the end of Hole DITDD004 and Hole X077, indicating a broader mineralised BIF system extending for at least 470m between holes.
Cross-section viewed west, showing Hole DITDD004 and Hole DITDD003, drilled by Kavango, and Hole X077, drilled by the Third Party. Zones of interpreted mineralised BIF are shown in red hatch at the end of Hole DITDD004 and Hole X077, indicating a broader mineralised BIF system extending for at least 470m between holes.
Accelerating forward
We will now complete more thorough analysis of core from Hole X077 to build on our initial findings and potentially uncover new ones. We’ll also be taking a good look at core from another hole drilled by the third part in the vicinity – one of which we were unaware until arriving for the core review for the BGI. This is another intriguing lead and we look forward to providing an update on what we uncover.

The key point is that the pace at which Ditau has developed into – and is continuing to develop into – an extremely exciting play is striking.

Really, it sums up just how quickly things can change in the exploration space and – quite frankly – how a sprinkle of fortune can sometimes be the driver. After all, Kavango is now enjoying the full benefits of exploration data taken from a hole driven straight into our primary target zone without incurring any of the costs of drilling.

To finish, I’d like to thank wholeheartedly the Botswana Geological Institute for its support, and I am looking forward to sharing more information when we have it.
M.B. Turney
Ben Turney
CEO
Kavango Resources

[bungeetrader] 03/4/2023 15:27

That may well be but until the drill bit speaks the share price is going to do diddly. There's been too many RNS's that haven't delivered and people have simply got fed up waiting. I do believe (maybe stupidly) that 'eventually' some great RNS will appear but when that will be is anyones guess!

[kenwrong] 03/4/2023 15:18

Interview with Ben Turney, one of his better ones

[danmart2] 31/3/2023 16:40

Rampy RNS

Usual rubbish from KAV

Have they found anything commercial yet?
Thought not

[kdickson] 31/3/2023 09:49

From this morning's RNS...

Ditau: 470m Strike Extension to Mineralised BIF

Kavango Resources (LSE:KAV) ("Kavango"), the Southern Africa focussed metals exploration company, is pleased to announce that it has confirmed an extension of at least 470m to the Mineralised Banded Iron Formation (the "Mineralised BIF") intercepted at Target i10 with Hole DITDD004 in the Ditau Project, Botswana.

Kavango has now completed an initial review of drill core and logs from an exploration hole, drilled in 2021, 470m to the NW of DITDD004. This hole (Hole X077-H002, "X077") was drilled by a company that held an overlapping diamond prospecting licence to Kavango's Ditau metal prospecting licences.

X077 appears to have intercepted the same Mineralised BIF as DITDD004.

Having already confirmed the Mineralised BIF is >100m thick in Hole DITDD004 ( announced >>> 06 March 2023 ), Kavango is increasingly encouraged that Target i10 could represent a large-scale, continuous system that is prospective for lode gold mineralisation.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"The initial results of our review of neighbouring exploration holes to DITDD004 are highly encouraging. We have been able to establish at least a 470m strike extent of the Banded Iron Formation directly from DITDD004 to Hole X077, bounded by the i10 magnetic anomaly. Both holes show evidence of the same mineralisation style. We've achieved this without any further drilling.

Given that both DITDD004 and X077 remain open at depth in the Mineralised BIF, the large-scale promise of this system is strongly underlined. In the context of Dr. Mumin's view of the lode gold potential here, this is very positive.

We are now in the process of cutting core to send for assay testing and look forward to receiving the results."

[jp2011] 14/3/2023 13:55

They are going to drill Ditau later this year, it will take 3-4 months for assays, IP etc so drilling in the Autumn?

[bigbudda] 14/3/2023 13:12

Yeah look brilliant looking really positive at last but still a long way off

[palace pete] 14/3/2023 12:27

Great pictures of the samples over on twitter.

[kdickson] 13/3/2023 11:07

SP Angel . Morning View . Gold shines as rate hike expectations pull back.

Kavango Resources (KAV LN) 1.56p, Mkt cap £11.3m – Core review of drilling at Ditau, Botswana and next steps

Kavango reports it has relogged its drillhole DITDD004 at the Ditau Project in Southern Botswana.

The decision to relog was taken following a review by Dr Hamid Mumin, who has recently completed a geological review of the site.

Dr Mumin suggested, on the back of the review, that the site had the potential to host a Banded Iron Formation (BIF) hosted Lode Gold system.

The relogging noted localised brecciation, with higher permeability than previously believed, which offers the potential for sulphide and gold bearing fluids.

Gold assays are also considered to coincide with the presence of fine pyrite in the BIF, which is typically associated with gold deposits.

As a result of the review, Kavango will look to develop a new deposit model, and plans to log additional drillholes over the I10 Target by the beginning of April.

Additional core samples have been shipped to Canada for analysis and up to 24 samples are currently being reviewed for petrological work.

The Company will execute a geophysical survey at Ditau, with IP surveys set to be used to target the pyrite as a proxy for gold.

[skiboy10] 10/3/2023 20:18

Kavango Eye’s Nova-Style KSZ Target

10 March 2023
LSE: KAV
Mining

Tim Cornish


On the back of the re-interpretation of the B conductor cluster, Kavango Resources are now looking for a new Nova-style discovery at the Kalahari Suture Zone in Botswana, with similarities between the two projects becoming increasingly evident.

Uncovered in 2012 by Sirius Resources and Newexco in Western Australia’s Fraiser Range, Nova is one of Australia’s most well-known nickel discoveries as it was at the time a totally new style of nickel-copper mineralisation with further exploration leading to the discovery of the Bollinger Nickel Sulphide Deposit down plunge of Nova.

The Company’s significant upgrade in B1’s conductivity is due to its interpretation of the presence of possible pyrrhotite, which is highly conductive and often associated with pentlandite, a host rock for nickel-copper sulphide mineralisation.

Interestingly, Richard Hornsey, a leading authority on nickel sulphide exploration, provided a separate review of all exploration data available from the KSZ for the company and identified similarities between the KSZ and Fraser Range, where Nova is located.

In his report on the KSZ, Mr Horensey noted that “The closest terrane analogue from a pure exploration strategy and technical perspective is the Fraser Range belt of Western Australia, and it is likely that a similar exploration strategy will require implementing for the KSZ to address the similar exploration and operational challenges expected to be encountered.”

Chief Executive Ben Turney also observed similarities between the drill programs at the two projects, noting that drill hole 25 at Nova missed 15m of massive nickel sulphide mineralisation by mere metres, similar to what happened to the B1 conductor.

“The difference between hitting & missing is very small. We now believe we missed the B1 Conductor by a matter of meters. Following our recent data re-interpretation of the downhole electromagnetic survey, we’ve remodelled the conductance to 28,700 Siemens” Chief Executive Ben Turney said.

Nova’s potential led to Sirius being acquired by Australian mining giant Independence Group in 2015 for the sum of 1.8 billion Australian dollars, a deal that has been paying dividends for Independence with mining at Nova producing a whopping 26,675 tonnes of nickel, 11,483 tonnes of copper, and 982 tonnes of cobalt at a cash cost of A$1.95/lb Ni last year alone.

And with the similarities between Nova and Kavango’s B Conductor cluster growing, it’s obvious why the London-listed explorer is excited to hit its new target base at the KSZ.

“The B1 Conductor is an A-ranked target in nickel exploration. We can’t wait to drill it.”

KAV’s London Stock Exchange-listed share price is currently trading at 1.30 British Pence (3.27 pm UTC+ 8 hours).

hxxps://themarketbull.com.au/2023/03/10/kavango-eyes-nova-style-ksz-target/