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Kavango Resources PLC (LSE:KAV) | RNS | Kavango Resources - KSZ Hukuntsi - TDEM conductor C1 identified
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10 June 2021 | 09:47am
StockMarketWire.com - Kavango Resources said drilling would commence on two proof of concept geological holes in June in the northern section of the Kalahari Suture Zone in Botswana.
Mindea Exploration and Drilling Services had agreed to accept payment for the drill contract half in cash and half in Kavango stock at an issue price of 4.53p per share. The company anticipates that drill-core from these holes will provide firm physical evidence of the KSZ s potential to host Norilsk-style metal sulphide deposits, the company said.
The company said it had a budget in place for more extensive drilling campaign later in 2021.
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