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Kopore to sink first hole into Kalahari copper belt

ASX listed copper explorer Kopore Metals will kick off its maiden drilling program at the company’s Ghanzi West project in western Botswana to test for regional scale copper silver anomalies this week.

The initial 3000m program will target the KM3 and GW3 targets that were identified by surface soil geochemistry assays that coincided with an airborne EM survey mineralised signature.

The results from the new drill program will be highly anticipated given the Ghanzi West project’s location at the western end of the super prospective but under-explored Kalahari copper belt.

This emerging province hosts major development projects including Cupric Canyon Capital’s Zone 5 resource and MOD Resources’ T3 copper deposit.

Cupric’s Zone 5 has a total mineral resource of 100.3 million tonnes grading 1.95% copper and 20g/t silver and MOD Resources’ T3 copper project holds 36 million tonnes grading 1.14% copper and 12.8g/t silver.

The current total mineral endowment identified within the 1,000km long Kalahari belt, which extends into neighbouring Namibia, exceeds 7 million tonnes of copper and 260 million ounces of silver.

Kopore Managing Director Grant Ferguson said: “The Company’s methodical approach to systematically rank the most prospective targets across our 100% owned 8,658km2 license area gives the Company great confidence leading into our initial program and testing these identified high priority targets.”

“This follows our recently granted EMP approval across Kopore’s entire license area that will allow for a seamless transition and consistent newsflow as the Company systematically tests these targets.”

Last week, the company told the ASX that two regional scale copper-lead-zinc geochemical soil anomalies had been identified over a 12 square kilometre area at the KM1 magnetic anomaly.

These coincide with a recently interpreted ground EM conductor and a zone of intense structural folding, known to host economic mineralisation elsewhere in the Kalahari copper belt.

To-date Kopore has found plenty of smoke in Botswana and now the search for fire begins. Watch this space.

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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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