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- Successful site visit completed across Namibian projects.
- Drill-target definition, logistics planning completed ahead of maiden drilling program.
- Program accelerated with site prep, and drill readiness activities advanced.
- Structural geo work completed at Donkey Hill, Otniel.
Kaoko Metals (ASX:KAO) is ramping up its plans for a maiden drilling program at the Chalkos project in Namibia after completing a positive site visit. The management and technical visit to the company’s Namibian project portfolio focused on final reconnaissance, stakeholder engagement and drill-target definition at the Chalkos copper-silver project and Karibib gold-copper-tungsten project.
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The explorer’s managing director, Gerard O’Donovan, said that following the completion of the site visit and final reconnaissance work, Kaoko has refined its near-term exploration strategy and will now prioritise diamond drilling at Chalkos ahead of the previously planned maiden program at the Karibib project.
“The recent site visit has further reinforced our confidence in the quality and scale potential of our Chalkos copper-silver project, marking an important step as we transition from listing on the ASX into active field execution,” Mr O’Donovan said.
“At Chalkos, the quality of the surface mineralisation, the potential scale of the system and the emerging structural interpretation have given us confidence to accelerate our maiden drilling program, which is planned to commence at the Donkey Hill and Otniel prospects in the near term.
“At Karibib, we see significant value in applying a broader regional targeting approach as we move towards drilling. Systematic soil and calcrete sampling has been a very effective exploration tool in Namibia, including in the discovery and advancement of projects such as Kokoseb, Twin Hills and Omatjete.
“We believe that a comprehensive program across the Karibib project area will enable us to significantly expand our target inventory ahead of drilling.”
Mr Mr O’Donovan concluded: “The revised exploration sequencing is designed to maximise near-term discovery potential while simultaneously building a broader pipeline of drill-ready targets across our Namibian portfolio.”
The decision to accelerate drilling at the Chalkos reflects the compelling nature of the targets defined at Donkey Hill and Otniel, the company wrote, where copper mineralisation outcrops at surface and is interpreted to be strongly influenced by structural controls.
Site access and drill readiness works have progressed more quickly than anticipated, enabling earlier mobilisation. The company is targeting the commencement of diamond drilling at Donkey Hill and Otniel in approximately six weeks, subject to finalisation of contractor availability and mobilisation schedules.
Kaoko has also engaged structural geologists to undertake a field assessment of the Chalkos mineralised system. This work is aimed at improving the Company’s understanding of the structural architecture at Donkey Hill and Otniel and to assist in the final orientation of the maiden drill holes.
KAO is steady at 43.5¢. Mkt cap $26.36M.
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