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BARYS RESOURCES LIMITED — Capital/Financing Update 2017
Nov 23, 2017
64567_rns_2017-11-23_7ccefa7b-cec6-4e61-8e79-753ca9a8c495.pdf
Capital/Financing Update
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24 November 2017
KOPORE EXPANDS KALAHARI COPPER BELT GROUND POSITION
Kopore Metals Limited (“Kopore” or “Company”) is pleased to announce it has been granted four additional prospecting licences (PL’s) adjacent to the current Ghanzi West southern prospecting licence boundaries and the Senyetse project area of the Company’s Kopore Copper Project in the Kalahari Copper Belt in Botswana (see Figure 1).
Key highlights include:
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The newly granted prospecting licences add an additional 2,730 km[2 ] to Kopore’s existing prospecting portfolio in Boswana. Kopore’s now holds approximately 7,891km[2] of 100% owned prospecting licences on the Kalahari Copper Belt.
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Three of the newly granted prospecting licences (PL207/2017, PL208/2013 and PL209/2017) are bound to the north by the existing Kopore Ghanzi West Group, expanding the project area to 6,060.2km[2] and one additional prospecting licence (PL210/2017) increases the Senyetse project area to 1,830.5km[2] .
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Phase 1 exploration activities are set to commence immediately and will include historical data collation and review, ground reconnaissance mapping and a potential regional soil sampling program.
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Kopore intends to subsequently undertake geophysics and a drilling program on the priority targeted zone identified through phase 1 of exploration.
The Company plans to conduct extensive field work on the newly acquired prospecting licences in 2018, with the objective of refining the current geological interpretation and testing for further potential domal structures and a third structural corridor.
Given the high potential prospectivity of the prospecting licences, Kopore plans to commence a systematic review of the area with field reconnaissance to be performed simultaneously with the priority exploration program mentioned above.
KOPORE METALS LIMITED ACN 149 230 811 EMAIL [email protected]
REGISTERED OFFICE Suite 5, 62 Ord Street, West Perth WA 6005
ASX : MNE
24 November 2017
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Figure 1: Location of Kopore Copper Project, including new PL’s.
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FOR FURTHER INFORMATION PLEASE CONTACT:
GRANT FERGUSON Managing Director [email protected]
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ASX : MNE