Join our daily newsletter At The Bell to receive exclusive market insights
Kaoko Metals (ASX:KAO) has discovered a promising outcrop of copper mineralisation at the Bootless prospect during an ongoing maiden fieldwork program at the Chalkos copper-silver project in Namibia.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The previously unrecognised prospect sits within a 2.2 km long corridor between the known Otniel and Donkey Hill prospects, further expanding the potential of the project.
Fieldwork has also extended the known footprint of surface copper mineralisation at both the Otniel and Donkey Hill prospects.
Chalcocite, malachite, azurite and chrysocolla mineralisation has been identified at Bootless, Otniel and Donkey Hill in both vein and disseminated styles across different host rocks, and Kapok is eagerly awaiting assay results from new sites within the next six to eight weeks.
In the meantime, the company is preparing to begin its maiden diamond drilling of current targets in around five weeks.
MD, Gerard O’Donovan, said discovering a new zone of outcropping copper mineralisation so early in the company’s maiden fieldwork campaign is an exciting development for Kaoko,” he told shareholders.
“This reinforces the enormous prospectivity of our large land package and particularly the ground which sits between the high-grade Donkey Hill and Otniel prospects, which are located 2.2km apart.
“The identification of visible copper mineralisation up to 200m beyond the previously known outcrops at Otniel as well as extensions at Donkey Hill East is also an encouraging outcome from our maiden fieldwork program. Importantly, the field team has observed chalcocite within newly mapped in-situ outcrops, providing further evidence of the high-grade potential of these prospects.”
Samples from the newly identified extensions are now at the laboratory.
“These newly identified mineralised areas will be assessed alongside our geological mapping and structural interpretations and incorporated into the ranking of targets, final drill-hole locations and the sequencing of our upcoming maiden drilling program at Chalkos.
Join the discussion: See what HotCopper users are saying about Kaoko Metals and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)
