We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kavango Resources Plc | LSE:KAV | London | Ordinary Share | GB00BF0VMV24 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.025 | 3.85% | 0.675 | 1,000,427 | 08:29:22 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.65 | 0.70 | 0.675 | 0.65 | 0.65 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Copper Ores | USD | USD -3.29M | USD -0.0021 | -3.19 | 10.16M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:41:22 | O | 427 | 0.70 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/12/2024 | 07:00 | UK RNS | Kavango Resources PLC ZIM: Hillside Tungsten & Strategic Element Results |
| 25/11/2024 | 07:00 | UK RNS | Kavango Resources PLC ZIM - Prospect 3 Resource Drilling Commences |
| 22/11/2024 | 07:00 | UK RNS | Kavango Resources PLC ZIM - High-Grade Gold Opportunity at Prospect 4 |
| 20/11/2024 | 07:00 | UK RNS | Kavango Resources PLC ZIM – Drilling New Underground Targets at Nara |
| 22/10/2024 | 16:09 | UK RNS | Kavango Resources PLC Block listing Interim Review |
| 04/10/2024 | 18:01 | ALNC |  IN BRIEF: Kavango says Karakubis Copper Project test results promising |
| 04/10/2024 | 06:00 | UK RNS | Kavango Resources PLC BOTS - Karakubis Project Update |
| 03/10/2024 | 10:07 | UK RNS | Kavango Resources PLC New Corporate Presentation |
| 27/9/2024 | 16:00 | UK RNS | Kavango Resources PLC Director/PDMR Dealing |
| 24/9/2024 | 16:43 | UK RNS | Kavango Resources PLC Convertible Loan Note |
Kavango Resources (KAV) Share Charts1 Year Kavango Resources Chart |
|
1 Month Kavango Resources Chart |
Intraday Kavango Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/12/2024 | 09:48 | Kavango Resources exploring for another NORILSK under the Kalahari Desert | 5,729 |
| 26/10/2023 | 15:07 | Kavango Pumped | 18 |
| 17/10/2023 | 12:03 | Zimbabwe economy in meltdown | 1 |
| 10/11/2020 | 07:06 | Kavango Resources News and Research Thread | 151 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:41:23 | 0.70 | 427 | 2.99 | O |
| 08:07:13 | 0.67 | 500,000 | 3,350.00 | O |
| 08:06:06 | 0.66 | 500,000 | 3,324.50 | O |
| 2024-12-11 16:24:04 | 0.65 | 650,000 | 4,225.00 | O |
| 2024-12-11 16:01:59 | 0.64 | 825,000 | 5,238.75 | O |
| Top Posts |
|---|
Posted at 12/12/2024 08:20 by Kavango Resources Daily Update Kavango Resources Plc is listed in the Copper Ores sector of the London Stock Exchange with ticker KAV. The last closing price for Kavango Resources was 0.65p.Kavango Resources currently has 1,562,683,176 shares in issue. The market capitalisation of Kavango Resources is £10,469,977. Kavango Resources has a price to earnings ratio (PE ratio) of -3.19. This morning KAV shares opened at 0.65p |
Posted at 25/11/2024 11:40 by apotheki SP Angel . Morning View .Kavango Resources* (KAV LN) 0.75p, Mkt Cap £12m – Drilling underway at Prospect 3 in Zimbabwe Kavango Resources reports that it has started drilling at its Prospect 3 in the Hillside gold project located in Matabeleland, southern Zimbabwe. The drilling aims to “delineate a mineral resource to form the basis for an open pit mine, and to obtain sufficient sample to conduct metallurgical test work”. Systematic drilling will comprise a “grid of 90m deep diamond core holes over the target area, on a 25m x 50m spacing with the goal of defining an initial resource containing at least 20,000oz of gold at > 0.5 g/t”. “Samples from this program will be combined with bulk samples from artisanal pits to complete heap leach metallurgical test work. Metallurgical testing will seek to determine the metallurgical recovery of the gold contained in the mineralised material and guide the design of the heap leach … [and] … Selected core samples will also be used for geotechnical testing to aid in the open pit mine design”. Prospect 3 is described as Kavango Resources’ “priority project in Zimbabwe … [with] … the highest potential to commence commercial production in the shortest amount of time, and with the lowest capital entry”. “Artisanal miners are currently producing gold from 12 surface workings with at least 2 different vein orientations, from oxidized meta-sediments above a granodiorite intrusive next to … [drillhole] … NSDD0002” Shallow mineralised intersections from the 3 exploration holes drilled to date at Prospect 3 include: A 1m wide intersection grading 1.13g/t gold from a depth of 14m in hole NSDD-001; and A 2m wide intersection at an average grade of 1.21g/t gold from a depth of 6m in hole NSDD-002 which also intersected 1m grading 1.77g/t gold at 13m and 8.2m averaging 3.08g/t from 66.9m; and A single metre grading 2.08g/t gold at 28m depth in hole NSDD-003. The announcement describes these intersections as “close enough to surface to represent a possible open-pit gold deposit”. Explaining that “artisanal workings have focussed on higher-grade material, but to a limited and shallow extent … [Chief Executive, Ben Turney, said that the] … high level of artisanal workings across Prospect 3 is strongly indicative of the area's potential for larger scale, near surface gold deposits that Kavango can mine”. Conclusion: Kavango Resources is drilling to delineate a resource at Prospect 3 where it hopes to establish a shallow resource amenable to open-pit mining in an area of existing artisanal mining activity. We await the results with interest. *An share price Angel Analyst holds shares in Kavango |
Posted at 22/11/2024 18:15 by apotheki SP Angel . Morning View .Kavango Resources* (KAV LN) 0.75p, Mkt Cap £11m – New gold process plant commissioned for Prospect 4 in Zimbabwe Kavango Resources report identifies manufacturer to build a 100-200tpd gold process plant for its Prospect 4 . Prospect 4 currently hosts artisanal workings with contract miners currently feeding Kavango’s process plant at Hillside some 20km away. The area shows at least 8 mineralised vein shears currently being mined with visible gold in surface stocks from 4 of these vein shears. The modular plant can easily be moved to other areas once Prospect 4 has been worked out. Prospect 4 exploration assays show: 582 surface soil samples were taken over 1.5km² with a peak value of 8.21g/t 19 samples returning grades >0.5g/t (announced >>> 19 August 2024). 2.53m intersection grade 29.08g/t from 97.47m, associated with visible gold and a peak grade of 212.07g/t over 0.34m The current contractors are working to less than 30m depth with the above drillhole potentially indicating more ore to be won below this level. The current process plant at Hillside can process 40-50 t/d (~13,000tpa assuming 24/7 working and 80% availability). Prospect 4 drilling: 4 holes planned to 500-600m depth to test the continuity and depth extent of visible gold bearing quartz-vein shears >12 sub-parallel vein sets have been identified with a 2.53m mineralised section grading at 29.08g/t in Hole SKDD001 Extensive surface sampling also returns positive results. Prospect 3: two rigs currently drilling. TEA ‘Technical Economic Assessment’: assays will guide a ne TEA for the project Management are confident Prospect 4 can sustain a minimum 100t/d plant and potentially a 200t/d plant based on current activity and observed vein sets. Conclusion: Kavango are pressing ahead to increase exploration at production at Prospect 4. Management are also looking at exercising their option to acquire the Nara deposit which is around the historic Nara gold mine. *An share price Angel Analyst holds shares in Kavango. The analyst holds shares in Kavango. |
Posted at 20/11/2024 14:40 by apotheki SP Angel . Morning View . Copper edges higher on signs of stronger demandKavango Resources* (KAV LN) 0.75p, Mkt Cap £11m – New target at Nara, Zimbabwe Kavango Resources reports that analysis of historical data, coupled with the results from its drillhole NAKLLDD-001 which were announced in August, has helped identify a new exploration target at its Nara project in southern Zimbabwe. The historic N1 mine, which reportedly “produced 72,468 ounces ("oz") of gold at an average grade of 10 grams a ton ("g/t) … before its closure in the early 1980s is currently being mined to 4-level by artisanal miners who are contracted to the current owner of Nara” is a priority target for exploration. “Kavango holds an option to acquire Nara until June 2025”. Previously reported results from hole 001, include: 2.1m averaging 1.54g/t gold from 54.9m depth, and single metre long intersection averaging 1.88g/t gold from235.5m and 3.78g/t from 241m; as well as 0.5m at an average grade of 7g/t from 237m depth; and A single metre averaging 3.78g/t from 241m depth. Examination of the historic information including the digitisation of “old mine plans and development sections of the historic workings at N1 … [lead Kavango Resources to believe that] … the higher-grade mineralisation intersected from 235.5m to 242m coincides with the down dip extension of the N1 Main Reef, which was never developed or mined”. In addition to the reinterpretation of the historic information and the recent drilling, “Induced Polarisation ("IP") surveying over the entire N1 mine zone subsequently identified a discrete resistivity low coincident with the central portion of the mine workings and the mineralisation intersected by hole NAKLDD001”. Kavango Resources’ “technical team believes the IP results, along with the new zones of mineralisation intersected by hole NAKLDD001, offer compelling evidence for the continuation of gold mineralisation along strike of the N1 development workings”. The company “has now begun to drill three holes along strike of hole NAKLDD001 into areas of the N1 mine zone that historic development data indicate to be entirely undrilled and with no known development Hole NAKDDL002 and Hole NAKLDD004, will test whether gold mineralisation continues at depth in areas to the NW and SE of NAKLDD001 respectively, where historic development appears to be restricted to shallow levels near to the surface Hole NAKDDL003 will test whether the mineralised structures at N1 mine extend into an area southeast of NAKDDL001 that appears to have never been mined”. The company explains that “Successful completion of this programme will be followed by further drilling to establish grade and continuity in the new target areas”. Commenting on the wider significance of improved geological understanding of Nara, Chief Executive, Ben Turney, said that “there are mines on the same regional structure as Nara that have been mined below 25 Level (>750m depth from surface), this could be developing into a significant opportunity for Kavango”. Conclusion: Kavango Resources is following up its initial drilling results from Nara and improved geological understanding based on historic records with a limited 3-hole programme of additional drilling to establish depth and lateral continuity of gold mineralisation observed in historical and artisanal workings. We await results which, if successful, could trigger further exploration. *An share price Angel Analyst holds shares in Kavango |
Posted at 04/10/2024 09:50 by apotheki SP Angel . Morning View . Gold ($2,660/oz) rallies again as Middle East tensions escalateKavango Resources* (KAV LN) 1p, Mkt Cap £16m – Update on Karakubis Project Kavango Resources provides an update from their copper exploration programme in Botswana’s Kalahari Copper Belt. The Company has drilled five holes and analysis suggests ‘the same stratigraphic sequences’ as Sandfire’s Motheo and MMG’s Zone 5 deposit. Core analysis also suggests functioning structural ‘trap-sites pXRF analysis also suggests copper, silver, lead and zinc mineralisation. Hole KCBDD006 returned At 320m, bornite was recorded with a pXRF reading hitting 1.28% Cu. At 541m of chalcopyrite was noted in a quartz vein with pXRF readings of 32% Cu The exploration team is now conducting geophysical surveys to delineate drill targets for future campaigns. The five holes account for 2,838m/5000m of the current programme. The team notes the stratigraphy intersected in the current drilling programme varies from the surrounding region, but with similar sedimentary cyles seen at Sandifre’s Motheo and MMG’s Zone 5. Geophysical surveying will also be used to better understand the structural setting, including IP to a depth of 1,200m and Controlled Source Audio MagnetoTelluric data. Going forward, Kavango will complete the ongoing KCBDD007 hole, before focusing on geophysics and magnetotellurics. They will then continue the Phase 1 drilling programme. Conclusion: Kavango is taking a methodical and sophisticated approach to better their understanding of the Karakubis area through a combination of drilling and geophysics. The Company is aiming to distinguish sedimentary cycles within the stratigraphy, whilst also identifying the main structural components of the area. Encouragingly, the Company notes the presence of copper sulphides alongside pathfinder minerals in veins. *An share price Angel Analyst holds shares in Kavango |
Posted at 25/9/2024 06:45 by apotheki Convertible Loan NoteKavango Resources plc (LSE:KAV), the Southern Africa-focused metals exploration company, is pleased to announce that Deputy Chairman Peter Wynter Bee has agreed to subscribe to a Convertible Loan Note in the Company as part of the Company's Cap-Ex Programme. Convertible Loan Note As announced (>>>29 August 2024) as part of the first phase of the Company's Cap-Ex Programme, Purebond Limited agreed to advance the Company £2million through a convertible loan note (the "CLN"). The CLN carries an annual coupon of 10% and has a twelve-month term. The CLN and accrued interest are convertible into ordinary shares in the Company subject to publication of a prospectus. Mr Wynter Bee has since agreed to advance £200,000 for a CLN on the same terms. The conversion price of the loan notes is the price per share pursuant to the fundraise expected to be carried out in conjunction with a prospectus. The Company has drafted a prospectus which is currently undergoing review by the Financial Conduct Authority, and Kavango will use the final published prospectus as the listing document for application to trading of the Company's ordinary shares on the Victoria Falls Stock Exchange (announced >>> 02 August 2024). Ben Turney, Chief Executive Officer of Kavango, commented: "I would like to thank Peter for his continued personal support for the Company and for making this further significant investment, which augments that recently made by Purebond." Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources |
Posted at 29/8/2024 10:33 by apotheki SP Angel . Morning View .Kavango Resources* (KAV LN) 1.43p, Mkt Cap £19m – Financing initiative for exploration projects in Zimbabwe Kavango Resources reports the initiation of its ‘Capital Investment & Financing Programme’ which will help to progress its portfolio of projects in Zimbabwe. The Programme “will comprise staged capital raises for investment into specific value-generating projects” mainly to help “define mineable gold resources and acquire plant and equipment for larger-scale production”. As a first step, “Kavango has issued a £2million convertible loan note (the "CLN") to Purebond Limited, its major shareholder”. Initially the focus will be directed at the Hillside Gold project in Matabeleland “which Kavango believes has potential to host one or more mineable ore bodies … [and where the initial objective is to define] … a resource of at least 10,000 oz of gold defined within the top 100 m … with a further resource of at least 5,000 oz of gold defined in the next 50 vertical metres below”. “Assuming Kavango meets its exploration targets at Hillside, Kavango Mining intends to commission a 100t/d gold processing plant … [and] … Kavango aims to commence gold production at the Production Plant in Q2 2025”. In addition, “Kavango will acquire a 45% stake in Equity Drilling for US$22,500, the Company's drill partner in Zimbabwe … [and the company says that it] …. has identified a commercial opportunity to build a supply chain to service metals exploration companies in Zimbabwe” Chief Executive, Ben Turney, explained that the “rapid progress and achievements Kavango is making in Zimbabwe …[prompted the initiation of] … the first phase of our Capital Investment & Financing Programme”. Conclusion: Progressing the Hillside gold prospect is the first project identified for funding from Kavango Resources’ new ‘Capital Investment & Financing Programme’ in Zimbabwe. We look forward to further news as the exploration programme develops. *An share price Angel Analyst holds shares in Kavango |
Posted at 28/8/2024 09:50 by apotheki SP Angel . Morning View . Gold holds steady as dollar sell off pauses as investors gauge strength of US economyKavango Resources* (KAV LN) 1.45p, Mkt Cap £22m – Drilling results from the Hillside gold project, Zimbabwe Kavango Resources reports that results from three diamond drill holes at its Hillside project (Prospect 3) in Matabeleland, southern Zimbabwe have “returned what Kavango believes to be significant assay results”. In addition to the results of the previously reported hole BRDD-001 which intersected 7.2m at an average grade of 9.95g/t gold from a depth of 50.64m and a second 2m wide intersection of 2.12g/t gold from 86m depth, the subsequent two holes intersected: 2m at an average grade of 0.53g/t gold from 163m depth and a single metre at a grade of 3.73g/t gold from 263m hosted in “narrow shear zones where gold and associated sulphides were hosted in narrow quartz veins” in hole BRDD-002; and 2m at an average grade of 5.27g/t gold from 312.5m depth as well as a single metre assaying 7.94g/t gold from 315m depth in hole BRDD-003 in “a series of shear zones, hosting gold and associated sulphides in anastomosing quartz veins, at various intervals down hole”. Chief Executive, Ben Turney, said that “We are extremely pleased with the rapid progress and achievements Kavango is making in Zimbabwe. When we first entered this country, our strategy was to use modern exploration technology to find bulk-mineable gold ore bodies that Kavango could bring into production. Subsequent exploration has identified several potentially bulk mineable targets, together with possible underground opportunities that now need to be drill tested, assessed, and ranked as potential deposit”. Describing its plans to advance the Hillside project, Kavango Resources says that it “aims to complete the current scope and exploration diamond drill programme with additional holes at Prospect 1 and Prospect 4, after which it plans to assess all four prospects and rank them as potential deposits to be drilled with the aim of defining a mineral resource and future Exploration Targets”. Further assay results are awaited from holes NSDD-001, 002 and 003 at the Nightshift area in Prospect 3 which “subject to further drilling, … [could] … become a source of low-tonnage, high-grade ore”. Earlier this month, the company reported a gold in soil geochemical anomaly covering around 1.5km2 over the Propsect 4 area at Hillside where relatively shallow mineralisation “forms part of a larger and yet untested system that is within 13km by tar and dirt road from Prospect 1”. Conclusion: The Hillside prospect is beginning to look more extensive than previously thought with potential for shallow bulk underground mining as well as the possibility of deeper underground mining opportunities. We look forward to further news as the exploration programme develops. *An share price Angel Analyst holds shares in Kavango |
Posted at 22/7/2024 10:30 by apotheki SP Angel . Morning View . Gold prices ($2,400/oz) stabilise as dollar slides on Japanese Yen strength and China cuts rateKavango Resources* (KAV LN) 1. 53p, Mkt Cap £21m – Early validation of the exploration model at Karakubis, Botswana Kavango Resources reports that its drilling at the Karakubis project in the Kalahari Copper Belt in Botswana has confirmed “the presence of a copper-silver mineralising system at Karakubis, as well as further indicators of structural trap sites”. Based on the results of hand-held pXRF analysis of the drill core “suggests the mobilisation of copper sulphides in mineralising fluids within the system, and may provide a vector towards further mineralisation” The company says that the drill core “is being cut and sampled and will be dispatched for assay in due course” and that the “drill rig … [has been] … mobilised to the second high-priority target … [where] … Hole KCBDD003 is currently at 232.58m”. CEO, Ben Turney, explained that within the first 500m of the planned 5,000m drilling programme at Karakubis the company had shown the “the presence of a copper-silver mineralising system” which validates the geological model and meets the prime objective of this phase of the exploration. Mr. Turney said that “Kavango looks forward to building on these results as our drilling continues … [and with] … a further 4,300m of drilling planned over our remaining 14 high-priority targets, we believe our chances of discovery success have increased significantly” Conclusion: Early stages of the drilling at Karakubis have helped to validate the exploration model and we look forward to detailed assay results from the early drilling and further results as the rest of the 5,000m programme continues. *An share price Angel Analyst holds shares in Kavango |
Posted at 30/5/2024 09:55 by apotheki SP Angel . Morning View . Copper short squeeze fades as COMEX discount narrowsArc Minerals (ARC LN) – IP survey results used to indicate drill targets in Kalahari in Botswana Conclusion: This is early stage exploration work which will likely require substantial drilling before any particular conclusions can be drawn. We would refer investors towards Kavango* which we see as better established and further ahead in its exploration in the Kalahari and we believe has better prospects for discovery in the region. *See Below Kavango Resources* (KAV LN) 1.58p, Mkt Cap £25m – Board appointments · Kavango Resources has appointed Donald McAlister and Alexandra Rose Gorman to its Board and announced that Peter Wynter Bee is to assume the role of Deputy Chairman. · Mr. McAlister is described as having “years of experience of operating in Zimbabwe and raising funds for many projects” and has previously served as “Finance Director of Mwana Africa plc, Ridge Mining plc and Reunion Mining plc and has served on the Board of Bindura Nickel Corporation and Freda Rebecca Gold mine, both in Zimbabwe”. · Ms Gorman is a qualified geologist currently working as a mining analyst in London. · Kavango Resources confirms that “CEO, Ben Turney, has moved to Zimbabwe to lead the business there” and that as “part of the restructuring, Brett Grist and Jeremy Brett will step down from the Company's board of directors with immediate effect. Brett will continue in his roles as Kavango's Chief Operating Officer and Company Secretary, while Jeremy will continue to in his role as a Senior Geophysical Consultant to the Company”. · Chairman, David Smith, thanked “both Brett and Jeremy for their contributions during their time spent on Kavango's board. They have been instrumental in building the Company's strong presence in Botswana and Zimbabwe”. · Commenting on the changes Mr. Smith said that “we have decided to restructure the board with a more commercial and strategic focus”. *An share price Angel Analyst holds shares in Kavango |
Posted at 20/10/2022 06:48 by skiboy10 PRESS RELEASE20 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 For further information please contact: Kavango Resources plc Ben Turney bturney@kavangoresou +46 7697 406 06 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
