Kavango Resources plc said it had identified extensive anomalous gold in soil from sampling results at prospect 4 of the Hillside project in Matabeleland, southern Zimbabwe.
ORE BODY
The programme was over a 1.5km² area “underlain by greenstones and granites offset by a regional shear with multiple quartz-vein complexes producing gold from artisanal surface workings”.
The 582 assay results for soil samples were assayed using a bottle roll cyanide leach technique in a Zimbabwe laboratory along with Kavango’s handheld pXRF readings for other elements.
“Anomalous gold values appear to be closely associated both with the E-W trending shears favoured by the artisanal and historical miners, and also the SSW – NNE trending structures interpreted from geophysics,” added the company.
“Gold values appear across the whole grid and are open to the W and E.
“These assay results confirm a larger mineralised system presently being worked only locally by the artisanal miners.
“They also indicate the possible presence of additional potential gold bearing structures not yet tested or worked. “
After completing current drilling at prospect 3, Kavango plans to move the drill rig to prospect 4.
Chief executive Ben Turney said that the soil sample assays confirmed the wider potential for a possible minable gold ore body around prospect 4.
“We will now follow up with an induced polarisation survey to see if we can identify further concealed shear zones that have not previously been uncovered by local artisanal mining.
“If such structures exist, which the soil assays suggest is probable, this will increase our confidence ahead of further drilling.”