Kavango Resources plc has begun a new phase of drilling to explore the potential for a “large-scale underground gold mine” at its Nara project in Matabeleland, southern Zimbabwe. STRUCTURE Equity Drilling Zimbabwe will drill an initial three holes for 1,500m to test for laterally extensive gold mineralisation across “multiple” mineralised shears, or reefs. Nara contains […]
Tag: Kavango Resources plc
Kavango deputy chairman advances £200,000
Kavango Resources plc received a £200,000 advance from its deputy chairman in a convertible loan note. LISTING Peter Wynter Bee’s subscription on 24 September follows the £2 million investment from major shareholder Purebond Ltd, and is on the same terms. Kavango added that the Financial Conduct Authority was reviewing its completed draft prospectus. The final […]
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 results from competed diamond drilling at prospect 2 reinforced its belief that a wider mineralised system extended at its Hillside project in Zimbabwe. RESOURCE Three holes tested for geological continuity of structures, along strike and with increasing depth, and evaluated grade variation within multiple shear zones hosting gold-producing artisanal workings at […]
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”. […]
Kavango confirms Nara mineralisation system
Kavango Resources plc said that drill assays had confirmed a gold mineralisation system at the Nara exploration project in Matabeleland, southern Zimbabwe. MINING The results, from six initial scoping holes for 1,364.4m, highlighted “anomalous gold zones underneath and directly associated with surface artisanal gold-producing structures” at the site. Five of six holes intersected the quartz […]