Kavango continues to discover positive gold results
Business Reporter
LONDON listed top miner Kavango Resources PLC says it continues to discover positive results in Zimbabwe’s ventures in development which have spurred the concern to Western-Australia open pit gold mines.
The miner began an exploration and drilling programme across its three existing projects late last year, starting with its Hillside project and results so far have exceeded the company’s expectations, providing strong evidence of the project’s open pit mining potential.
Just last month, Kavango revealed that assays from drilling at Hillside Prospects 2 and 4 had returned wide areas of significant gold at shallow depths.
Kavango’s CEO , Ben Turney said Open pit mining has become the dominant style of mining in Western Australia, and has been the primary driver behind Australia’s emergence as the world’s leading gold producer in recent decades.
“Zimbabwe’s geology mirrors that of Western Australia and the country has a rich history of high-grade gold mining across its greenstone belts. However, Zimbabwe’s potential to host a multitude of large-scale, bulk minable gold deposits remains largely undeveloped. This presents the nation with an immense economic opportunity.
“Kavango has identified a strong pipeline of claim packages covering historic high-grade gold mines. We are now applying modern exploration and drilling techniques across three of these to assess their open pit potential and develop bulk mining operations,” he said.
Turney added that in doing so, our objective is to contribute to the 2030 Vision of turning Zimbabwe into an upper middle-income economy.
The company’s productivity output shows that highlight intersections from Prospect 2 include 7.2 m @ 9.95 g/t gold from 50.64 m including 1.61 m @ 31.57 g/t gold while intersections from Prospect 4 include 2.53 m @ 29.08 g/t gold from 97.47 m.
Meanwhile, IP surveying at both projects has shown what Kavango has interpreted to represent a series of shears.In each case, these shears are hosted within a broad area known as a “shear zone”-Gold mineralisation can often be associated with shear zones.
