Kavango Resources PLC (LON:KAV), in conjunction with strategic partner Spectral Geophysics, has completed a third time domain electromagnetic (TDEM) survey in Target Area A of its Kalahari Suture Zone project in Botswana.
This survey was designed to corroborate the existence of the large-scale conductive anomaly previously identified. Spectral also deployed an upgraded configuration of its equipment, which has proved to be successful.
TDEM surveys can be used to identify super electromagnetic conductors at depth, within highly complex geological environments such as the KSZ.
Data from Survey A3 has now been successfully processed and interpreted. The data further confirms the existence of the previously identified conductive anomaly.
Kavango now estimates the anomaly’s properties are that it’s around 1km in length, open along strike, and that it extends between 250 metres to 700 metres below surface and is gently dipping.
The readings are consistent with nickel sulphide deposits elsewhere in the world.
Kavango is now planning a drilling programme, although the exact timing and extent of such a programme remains to be determined.
Kavango has prepared an explanatory video, available here.
Kavango has now issued 3mln shares to Spectral as part of the strategic partnership deal and following the success of the TDEM programme.
Separately, the company has also received £ 59,500 have been received by Kavango following the exercise of warrants.