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 […]
Tag: Kavango Resources plc
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 […]
Kavango interprets new structures at Nara
Kavango Resources plc said it had interpreted several new structures, as well as extensions to structures associated with old mines, at its Nara gold exploration option in Zimbabwe. CONFIDENT Nara comprises 45 contiguous gold claims, each of 10 hectares, and covers four historic mines. Competed induced polarisation survey work of seven lines for 6,600m over […]
Kavango plans Zimbabwe listing
Kavango Resources plc plans a secondary listing on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe. IMMENSE The company said that the proposed listing would provide access to a wider range of capital and shareholders and promote strong local ownership in its projects. Kavango set up its Zimbabwe gold-focused subsidiary in July 2023. Chief executive […]