- Kavango Resources said Monday it had completed phase 1 of the airborne electromagnetic geophysical survey at its KSZ project in southwest Botswana.

Initial results from phase 1 of the survey covering 2,000 line-kms in the Hukuntsi area of the KSZ project had identified 26 conductive anomalies, indicating the presence of sulphide orebodies.

These zones had now been prioritized for a further geophysical follow up, the company said.

'We are pleased to be able to report that the initial survey results show that various VTEM anomalies coincide with significant geochemical anomalies,' said Michael Foster, Chief Executive Officer of Kavango.

'Priority targets are now being followed up on the ground with CSAMT resistivity and Induced Polarisation (IP) geophysical surveys. Similar work has commenced at the Ditau licence which forms part of the KSZ project.'

'We believe the under-explored area of the KSZ holds potential for the discovery of world class base and precious metals deposits and we look forward to announcing further results in due course.'

At 9:32am: [LON:KAV] Kavango Resources Plc Ord 0.1p share price was 0p at 2.25p

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