BRITISH miner, Kavango Resources Plc, has intercepted a high gold deposit of 11,79 grammes per tonne (g/t) during its drilling campaign at the Bill’s Luck Gold Mine, part of its Hillside Project.
The identified zone confirms the presence of high-grade gold ore, indicating that more gold can be extracted per tonne of mined material, significantly boosting the mine’s potential profitability.
To improve operational clarity, Kavango reverted to using the historic names of the first four gold prospects at its Hillside Project in southern Zimbabwe, from a total of six.
The names — Bill’s Luck, Britain, Nightshift and Steenbok — apply to the previous internal references of Prospect 1, 2, 3 and 4, respectively.
“Kavango Resources plc, the Southern Africa-focused metals exploration and gold production company, is pleased to announce the latest high-grade gold intercept at the Bill’s Luck Gold Mine on the Hillside Project, Zimbabwe,” Kavango said in a statement.
“Hole BLDDUG004B intersected a gold-bearing structure from 47.36 metres (m) to 51,72m of 11,79 grams a tonne over 4,36m (including 0,57m at 11.9g/t, 0,60m at 44,88g/t and 0,60m at 25,04g/t). This is the latest result from Kavango’s ongoing underground drilling at Bill’s Luck.”
Underground diamond drilling is ongoing at Bill’s Luck to test the strike and down-dip continuity of recently discovered and existing mineralised reefs.
“The latest underground results from Bill’s Luck are highly encouraging. We intercepted 4,36m of gold mineralisation, grading at 11,79g/t. This intersection is about 12m from where we are currently mining beneath 3 Level, therefore, representing a near-term target for us to pursue,” Kavango chief executive officer Matthew Turney said.
- London firm targets bulk-mining in Zim
- Kavango eyes US$8m for Zim, Botswana operations
- Kavango confident of financial position
- Kavango makes major potential gold discovery
Keep Reading
“While the result is extremely positive, we are most encouraged by what it suggests about the wider potential at Bill’s Luck. The current underground drilling programmes continue to add further evidence that this gold system is much larger than we originally anticipated.”
He said the main strike at Bill’s Luck was open, as was the downdip continuity.
“In addition, there appears to be a number of previously unrecognised parallel reefs hosting gold mineralisation,” Turney said.
“We have started work on the 50tpd (tonnes per day) gold processing plant at Bill’s Luck, with commissioning targeted for the second half of the year. Today’s result increases our confidence that we will operate the plant at full capacity from launch.”
Kavango is exploring for gold deposits in Zimbabwe that have the potential to be developed into commercial-scale production quickly through modern mechanised mining and processing.
The company is targeting open-pit and underground opportunities.
Kavango has two projects on the Filabusi greenstone belt, Hillside and Nara.
“Kavango owns 100% of the Hillside Gold Project, having exercised its option in April 2024. Here, the Company has three high priority targets it aims to bring into production over the next 18 months: Bill’s Luck, Steenbok and Nightshift,” the resources firm said.
“At Nightshift, Kavango is investigating the potential for a selective open-pit mining operation, followed by underground mechanised mining.
“Meanwhile, at Steenbok, Kavango is pursuing a high-grade mechanised underground mining opportunity. Kavango is currently analysing the latest drill data from Bill’s Luck and will provide an update shortly.”
In addition, Kavango owns 100% of the Nara Gold Project, having exercised its option in June 2025.
