Kavango Resources PLC (LSE:KAV, OTC:KVGOF) chief executive Ben Turney is fully aware about building up expectations ahead of the drilling of its next well on its Kalahari Suture Zone (KZS) project in Botswana, but told Proactive the excitement is justified.
No other miner apart from Kavango has managed to identify what is a relatively high confidence drill target in the KSZ, he said.
“I know people will say at this stage that we should try and manage expectations and under promise and overdeliver, but we’re just going to be honest about this.”
The company has identified a 30km strike length, which has possible large-scale nickel-copper-platinum group element mineralisation.
“We figure that if this doesn’t deliver the results we expect, then obviously it’d be very disappointing, and we expect to get slammed in the market.”
“But at the same time, we presented a completely authentic and credible view of what we’re looking at here. This is what we believe right now, so we are very, very excited about this one.”
Drilling of the KSZDD002 well targeting the B1 Conductor anomaly has already started with Kavango expecting to drill the current hole to a depth of 650 metres.