THE BOURSE WHISPERER: Discovery Metals has been granted four new prospecting licences in the Kalahari Copperbelt of North West Botswana.
According to Discovery Metals the licences which cover “all metals”, and are situated within the vicinity of the D’Kar and Ghanzi communities.
The company said it would be referring to the licences as the D’Kar prospecting licences.
Discovery Metals Botswana projects. Source: Company announcement
“Historical soil geochemical sampling identified a zone of anomalous copper more than 10 kilometres long located on the same prospective horizon that hosts the copper-silver mineralisation discovered to date in the Kalahari Copperbelt,” Discovery Metals managing director Brad Sampson said in the company’s announcement to the Australian Securities Exchange.
“This anomalous zone sits within one of the four new contiguous prospecting licences granted to Discovery Metals and provides an immediate exploration target in addition to the rest of the 250 kilometres of prospective horizon contained within these four PLs that remain largely unexplored.”
The D’kar licences increase Discovery’s total landholding in the Kalahari Copperbelt to 11,872 square kilometres, containing in excess of 1,500 kilometres of strike length of the prospective horizon.
The prospective horizon is located at the contact of the Ngwako Pan Formation and the D’kar Formation and is host to most of the known copper resources in the Kalahari Copperbelt in Botswana.
Discovery said that exploration work it has already completed has indicated sand cover across the majority of the D’Kar licences to be less than 25m and therefore standard soil geochemical methods are expected to be appropriate for the first phase of exploration.
The company is continuing its regional exploration program in the Kalahari Copperbelt with a goal to discover new zones of copper–silver mineralisation that will form the basis for a new standalone mine in the region.