If you are going to catch covid-19, jokes Jacob Hopkins, a university student, the safest place to do it is in a hospital. So in March Mr Hopkins lay down on a bed in the Royal Free Hospital in London while doctors placed droplets of liquid carrying the sars-cov-2 virus into his nose. Mr Hopkins was one of 36 participants in the first “human challenge trial” (hct) for covid-19.
Human trials are a valuable part of medical research. Studying sick people in the controlled environment of a lab allows scientists to collect valuable information about how diseases work much more quickly than relying on messy and uncertain data from the real world. Since the second world war, around 40,000 volunteers have allowed themselves to be infected with everything from malaria and typhoid to dengue fever and cholera.
Alan Green joins the UK Investor Magazine Podcast for our regular instalment of UK equities and global markets.
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Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce that Kavango’s senior geologist on site has reported that diamond drilling on Hole TA2DD002 intersected what appears to be sulphide and chromite mineralisation in pyroxenite at 651m from surface.
Hole TA2DD002 is currently being drilled in the northern (Hukuntsi) section of the Company’s project in the Kalahari Suture Zone (“KSZ”).
Ø The geological diamond drill Hole TA2DD002 was designed to intersect the Proterozoic (Tshane Complex) mafic/ultramafic intrusion that lies beneath Karoo sediments intruded by gabbros to obtain supplementary geophysical and geological data
Ø Kavango previously estimated that the Proterozoic rocks would be intersected at between 600m and 700m
Ø The principal objectives of the hole were to collect physical data from the Karoo and Proterozoic intrusives to support and refine Kavango’s 3D geophysical model of the KSZ in the Hukuntsi Section
Ø At 651.78 the drill passed from Karoo tillites (glacial sediments) through an unconformable contact into fresh Proterozoic pyroxenite (ultramafic magmatic rock)
Ø Visual inspection of core has been carried out by the Company’s senior geologist at the drill site
Ø The very coarse (pegmatitic) pyroxenite appears, on visual inspection, to contain disseminated chalcopyrite (copper sulphide) and chromite, as well as section of coarse anorthosite
Ø Hole TA2DD002 is currently at 701m and remains in Proterozoic ultramafic magmatic rocks
Ø On completion of the hole, core samples will be cut and samples sent to an internationally accredited laboratory in South Africa for a suite of relevant assays.
Ben Turney, Chief Executive Officer of Kavango Resources, commented:
“We made immediate contact with ultramafic magmatic rocks and visible sulphides, as the Proterozoic was intersected at 651m . The presence of chalcopyrite (copper sulphide) is an indicator of further potential mineralisation in the system, though quantities and grades are yet to be determined.
While this is an encouraging development in our efforts to prove the concept of the Kalahari Suture Zone, important steps remain for us to evaluate thoroughly what we have discovered.
We expect to continue drilling Hole TA2DD002 further into the Proterozoic structure and are in discussions with Mindea and Equity Drilling about the further depth that can realistically be achieved. Once drilling is complete on Target Area A we will mobilise the rig to Target Area B. In parallel to this we will send core samples collected from Target A for relevant assays and whole rock analysis.”
Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on Twitter at #KAV.
For additional information please contact:
Kavango Resources plc
+46 7697 406 06
First Equity (Joint Broker)
+44 207 374 2212
SI Capital Limited (Joint Broker)
+44 1483 413500
Kavango Competent Person Statement
The information in this press release that relates to “geological and/or geophysical results” for the KSZ Project is based on information compiled or reviewed by Mr Mike Moles BSc (Geology) & BSocSci (African Studies), a competent person who is a Member of the Australian Institute of Mining & Metallurgy. Mr Moles has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Moles consents to the inclusion in this release of the exploration results for the Project in the form and context in which it appears. Mr Moles is a beneficial shareholder of Kavango Resources plc.
Tertiary Minerals plc is pleased to announce the appointment of Mr. Patrick Cullen as Managing Director of the Company with immediate effect.
Mr. Cullen is an experienced mineral exploration executive with a strong technical background in geology, geophysics and mining and a proven track record leading multi-disciplinary teams across Southern Africa and Europe.
Commenting today, Executive Chairman Patrick Cheetham said:
“I am delighted that Patrick has agreed to join us. He does so at an interesting time in the development of our exploration projects in the USA and his experience in Zambia will be a valuable asset as we seek to progress our recent initiatives there. The Board and I look forward to working with him on the future success of the Company.”
Most recently, Mr. Cullen was Chief Executive Officer at AIM listed Arkle Resources PLC, exploring for gold and base metals in Ireland. Prior to that, he was Technical Director at Kodal Norway (UK) Limited and he has also held senior positions at Montero Mining & Exploration Ltd and African Energy Resources Ltd, exploring for phosphate and uranium in Africa. Prior to this, he held technical roles with AngloGold Ashanti and Schlumberger.
He holds a degree in Geology from the University of Portsmouth and an MBA from the University of Southern Queensland.
The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Patrick Brendan Cullen, aged 50:
Current directorships and/or partnerships: Former directorships and/or partnerships (within the last five years):
N/A Arkle Resources PLC Arkle Resources Ltd Oldcastle Zinc Limited
There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.
Mr. Cullen’s appointment is for an initial 12 months’ term with a view to the appointment being renewed on an open-ended basis thereafter. Mr. Cullen does not hold any shares in the Company.
For more information please contact:
Tertiary Minerals plc:
Patrick Cheetham, Executive Chairman +44 (0) 1625 838 679
SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Richard Morrison +44 (0) 203 470 0470
Peterhouse Capital Limited
Lucy Williams + 44 (0) 207 469 0930
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”). Upon the publication of this announcement via Regulatory Information Service (“RIS”), this inside information is now considered to be in the public domain.