Kalahari Metals begins exploration programme in Botswana

12 July 2018 (Last Updated July 12th, 2018 11:20)

Kalahari Metals (KML) has started an exploration programme on its landholding in the Kalahari Copper Belt in Botswana.

Kalahari Metals (KML) has started an exploration programme on its landholding in the Kalahari Copper Belt in Botswana.

KML has interests in seven prospective exploration licences covering 4,063km² in the Kalahari Copper Belt.

The company expects to identify copper/gold (Cu-Ag) mineralisation through the exploration programme.

“We are very pleased to announce the start of what will, not doubt, be an exciting and hopefully rewarding exploration programme.”

The company has appointed New Resolution Geophysics (NRG) to conduct airborne high-resolution magnetic and electromagnetic surveys (AEM) on the prospective Okavango project and Ngami copper project concessions later this month for delineating copper mineralisation on the Kalahari belt.

Last month, Metal Tiger (MTR) entered into an investment agreement under which it has the right to acquire up to 50% of KML.

The deal gives MTR greater access to largely unexplored ground, adjacent to recent discoveries in the Kalahari Copper Belt.

Metal Tiger CEO Michael McNeilly said: “We are very pleased to announce the start of what will, not doubt, be an exciting and hopefully rewarding exploration programme over the two Kalahari Metals Limited Okavango and Ngami Copper Projects in a world class copper region in Botswana.

“With the Okavango Project located directly along strike from the major Cupric Canyon Capital copper deposits and the Ngami Project located to the north of our T3 Feasibility Stage joint venture project; Metal Tiger enjoys very significant exposure to the potential discovery of new copper and silver deposits.”

The company expects to obtain results of both airborne surveys in September this year.

The surveys will cover 16,700 line-km of magnetics, and 1,982 line-km of AEM.

Metal Tiger also has project interests in Spain and Thailand.