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Kopore confirms base metal drill targets in Botswana

ASX listed Kopore Metals has identified three coherent base metal soil anomalies that coincide with its recently identified KM3 airborne electromagnetic target at the Ghanzi West project in western Botswana.

Three combined copper, lead and zinc anomalies envelope a combined area of about 10 square kilometres and confirm walk-up drill targets for copper mineralisation over about 3km of strike at the property.

Importantly, a ground electromagnetic survey over the same area has confirmed the presence of a dipping, strongly conductive zone interpreted to be 50m below surface and located directly beneath the identified geochemical anomalies.

The location of the soil anomalies supports the initial airborne geophysical interpretation of the KM3 target and with the ground EM results providing further confirmation, this area is now a high priority target for Kopore in its upcoming drilling program.

Kopore’s Managing Director Grant Ferguson said: “Our portfolio in Botswana is rapidly evolving from conceptual to drill ready targets. Our initial KM3 airborne EM conductor prospect is of a regional scale, when compared with other discoveries on the Kalahari Copper Belt.”

“Completing the drill targeting foundation work, through extensive soil sampling and confirmatory ground EM lines, provides the Company with enough technical information to place KM3 as the highest priority drill target.”

The company also reported the widespread distribution of calcrete across the KM3 prospect area, which is an important potential indicator of copper mineralisation in the Kalahari belt.

Calcrete often suppresses geochemical soil sampling results for copper, lead and zinc which further enhances the potential of KM3 turning up something interesting for the company.

Earlier this week, Kopore received Botswanan Government approvals for its proposed drilling program at its Ghanzi West copper play.

On the ground in Botswana, the company is continuing further geochemical soil sampling at its KM4 to KM8 airborne electromagnetic targets and it is awaiting assay results from the KM1 and KM2 prospects.

Kopore will also initiate soil sampling across its regional GW3 and Okwa Dome prospects.

The company is finalising its maiden RAB and RC drilling programs across the KM1 to KM3 conductor targets, with stratigraphic drill holes being planned for the GW3 prospect.

Drilling will commence in late June at the priority KM3 exploration target as excitement levels start to lift for the ASX listed junior. 

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
2ndKopore Metals277700%64%
92ndBirimian138%23%
146thWalkabout Resources89%8%
603rdJacka Resources-20%-48%
776thKin Mining-63%0%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

12/04/18
$4k Bought
02/03/18
$0 Other
02/03/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

284th↓Kopore Metals$36k
336th↑Kin Mining$7k
337th↓Jacka Resources$7k
339th↑Walkabout Resources$6k
340th↑Birimian$0
507 listed resources companies ranked by revenue.
Source: Morningstar

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