Kavango Resources PLC (LON:KAV) announced “highly encouraging” results from further soil sampling and geological mapping on the Morula target, which is now its highest priority exploration target at the South Ghanzi project in the Kalahari Copper Belt.
Since mid-May, the company said it has completed and analysed samples from 16km of infill soil-sampling at Morula, which confirms that the conductor/anomaly extends along strike for at least 12km.
The South Ghanzi project, where Kavango is the operator and which is held in a 50/50 joint venture with Power Metal Resources PLC (LSE:POW),
Drilling is now planned as soon as the South Ghanzi environmental management plan (EMP) is approved.
Two areas, Morula and Acacia, have been identified as the highest priority targets in the short-term.
Infill soil sampling of Morula has identified four sample lines, each 4km long and 1km apart, where samples every 100m found anomalous levels of copper (35ppm to 68ppm) and zinc (59pmm to 111ppm), which the company said correlate closely with results from the original seven soil-sampling lines.A clearly defined mineralised zone of 12km has been identified on a south-westerly trend, parallel to two steep anticlinal structures.
Morula is open along strike in both directions, Kavango said, with an assessment of optimal drill locations is now underway at Morula and Acacia.
The company added that targets appear to be close to the surface, with minimal Kalahari sand cover and estimated intercept depths of 120m to 200m.
Chief executive Michael Foster said: “Following identification of the Acacia and Morula conductor/soil anomalies we’ve focussed our exploration efforts on the Morula target over recent weeks.
“These initial results are highly encouraging. They emphasise the potential and scale of this 12km long mineralised zone. Morula is rapidly developing into one of the most exciting drill targets in our entire portfolio.
“We plan to start drilling here as soon as we can, after we have received approval of our EMP.”