Kavango Resources plc has secured strategic financing of £10,277,868 comprising a placing and convertible loan notes. LISTING The placing of 938,028,569 new ordinary shares of £0.001 each at 0.7 pence per share will raise £6,566,200, subject to a Financial Conduct Authority approved prospectus and shareholders. The company’s deputy chairman Peter Wynter Bee has additionally agreed […]
Tag: Hillside gold project – Matabeleland – Zimbabwe
Kavango identifies tungsten in Hillside assays
Kavango Resources plc has identified “significant” and “potentially economic” multi-element concentrations including tungsten at the Hillside gold project in Matabeleland, southern Zimbabwe. PATHFINDER The company plans to widen its exploration in the country for the “strategic elements” including bismuth, selenium, molybdenum and further tests for tungsten value and widths. The results, with a peak tungsten […]
Kavango to build production plant at Hillside
Kavango Resources plc plans to build a gold production plant to boost production at Prospect 4 within the Hillside project in Matabeleland, southern Zimbabwe. ASSESSMENT Four contract miners currently send “high grade gold mineralisation”, mined on a small scale, 20km to the company’s processing facility at the main site. Kavango said that volumes were at […]
Kavango starts Zimbabwe funding initiative
Kavango Resources plc has launched a new capital investment and financing programme with an initial £2 million convertible note to advance its Zimbabwe interests. RIGS The CLN with major shareholder Purebond Ltd will define mineable gold resources and acquire plant and equipment for larger scale production at the Hillside gold project. Production at the new […]
Kavango indicates greater potential at Hillside
Kavango Resources plc said recent drill results strengthened its belief that a wider mineralised system extended at its Hillside gold project in Matabeleland, southern Zimbabwe. BULK Three diamond drillholes at prospect 2 tested for geological continuity of structures, along strike and with increasing depth. The programme also evaluated grade variation within multiple shear zones hosting […]
Kavango notes ‘extensive’ anomalous gold in soil
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”. […]