Highlights:
- Airborne gravity has mapped out an ENE trending gravity low, likely related to the development of a deeper sub-basin in the lower Kalahari Copper Belt (KCB) basin, the margins of which would be considered prospective sites for Cu-Ag mineralisation;
- High-resolution magnetic data clearly map out fold targets in the DKF correlating with, and adding further support for, existing AEM targets;
- Interpretation of magnetic data further suggests that much of the previously interpreted NPF is covered with thin DKF - this would open the possibility for shallow, relatively flat lying mineralisation along the redox contact between these formations;
- The updated interpretation is further supported by regional soil sampling traverses with both Cu and Zn anomalies correlating with the position of the interpreted redox contact between the DKF and NPF; and
- Initial results from diamond drilling confirm the existence of DKF in the fold structures mapped in the AEM modelling.
Interpretation of new geophysical data along with existing soil sampling and ongoing diamond drilling, has further prioritised areas with a high potential for deposition of Cu-Ag mineralisation. The variety of deposition styles, trap sites, scale and distribution of mineralisation within the KIT-W license area, and existence of prospective sub-basins, enhances the potential for the project to deliver new Cu-Ag discoveries in the emerging KCB.
At Kitlanya East (KIT-E), a total of 1,742m of combined Reverse Circulation (RC) (839m) and diamond (903m) drilling has now been completed. An additional diamond rig is scheduled to mobilise onto this programme to help improve production rates this week. Provisional results from this programme will be reported in a forthcoming announcement.
Commenting on recent developments in
"The board and I are extremely encouraged to see continued advancement of the
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