South West Kalahari Exploration

Four new prospecting licences covering approximately 3,000 square kilometres were granted in February 2012.  These licences, which became active on 1 April 2012, are strategically located and are estimated to contain at least 250 kilometres of the prospective horizon which is located at the contact of the Ngwako Pan Formation and the D’kar Formation.  These Prospecting Licences include one area where previous exploration work by other parties identified a zone of anomalous copper in soils extending along approximately 10 kilometres of the prospective horizon in the Aphrodite prospect.  This copper anomalous zone has not been drill tested and represents an immediate drill target.  

Aphrodite

A surface mapping and soil sampling program was begun in the Aphrodite area in the Q2 2013.  The aims of the program are to:

  • delineate the soil anomalism associated with the copper-silver mineralisation intersected by drilling in Q4 2012, prior to further drilling; and
  • test additional structures identified in satellite and aeromagnetic survey imagery, south and west of the known mineralisation.

Results of the soil sampling are planned to be reported in the Q3 2013 quarterly report.