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Independent copper and future metals developer, Serval Resources’ latest assay results confirm high-grade copper-silver mineralisation across multiple prospects at Kaoko Basin project.
According to the company, the results validate and extend previously reported field portable X-ray fluorescence analyser (pXRF) readings, validating Cu-Ag mineralisation across several distinct mineralised styles and horizons
“This is an excellent set of results from our first systematic sampling campaign, whereby surface grab samples were collected quickly and cost-effectively during routine geological mapping.
“It is encouraging that the samples have returned grades of this quality across multiple prospects and over a significant strike length, showing us signs of a large fertile mineralised system, rather than an isolated occurrence,” said Serval Resources’ Chief Executive Officer, Robin Birchall.
Birchall said the company is fortunate to have multiple targets across licence packages and is continually working on prioritising and ranking prospects and targets.
“These results give us the data needed to establish where best to focus our follow-up work and will directly inform target selection for our maiden drilling programme, planned to commence in the fourth quarter of this year.”
The Kaoko Basin is in north-western and forms part of the Neoproterozoic Damara Orogenic Belt and is interpreted as an extension of the Central African Copperbelt, one of the world’s foremost sediment-hosted copper-silver provinces.
The mineralisation in the basin is typically controlled by redox boundaries at the contact between reduced, carbonaceous sedimentary units and oxidised red-bed sequences, a setting comparable to that of the nearby Okohongo Cu-Ag deposit and other regional discoveries.
Serval holds a four-licence, 789 km² package within this prospective trend. EPL 7081 is Serval’s priority licence within the Kaoko Basin, hosting some of Serval’s key targets, being the Omatapati, Horseshoe and Otjozongombe West and East prospects.
Over 9,000 metres of drilling was carried out on the Kaoko Basin projects by the previous owner, alahari Copper, and a number of promising drilling intercepts were made, including with 13 metres at 5.03 percent.
Six prospects on EPL 7081 were mapped and during this process, a new Cu mineralisation occurrence was discovered and mapped.
The new prospect has been named Okamborombonga and takes the number of Serval’s confirmed Cu prospects in its Kaoko Basin portfolio from 12 to 13. The location of this new prospect is of particular interest as it occurs in the Nosib Group, a stratigraphic rock unit not traditionally known for Cu mineralisation.
