Kavango Resource gran bloc
LONDON Stock Exchange-listed mineral exploration company Kavango Resource, has been granted a three-month authorisation to export drill core samples from the Hillside gold project in Zimbabwe.
The approval was granted to the current Hillside project owner, by the Ministry of Mines and Mining Development, for the export of up to 2 500kg of drill core samples, for analysis.
The export will include the drill holes already completed by Kavango at Hillside, together with any new holes.The firm said this will allow analysis for multiple elements that cannot be readily analysed in Zimbabwe, and which data Kavango seeks to use, to characterise mineralisation and alteration, to target further exploration.
Chief executive officer, Mr Ben Turney, said: “This is an encouraging development for our exploration programmes in Zimbabwe.
“It is imperative we use the full range of modern analytical tools and techniques, to conduct high-quality exploration. Our objective is to make large-scale gold discoveries that can be brought into production and contribute to the 2030 Vision, of turning Zimbabwe into an upper middle-income economy.”
Mr Turney expressed gratitude to the Ministry of Mines and Mining Development for the support given, noting that the entity is looking forward to working closely with the Ministry over the coming years, to develop international-standard working practices in minerals exploration in Zimbabwe that will attract other companies.
“The growing strength of our relationship, will enable us to make significant investments of funds and skills into Zimbabwe’s emergent gold exploration sector,” he said.
Mr Turney said the first assay results from the Hillside Prospect 4 gold project, far surpass expectations.
“Prospect 4 is our fourth-ranked target at Hillside. These results underline the Hillside Project’s overall potential to host over one million ounces of mine-able gold. We sent the cores from Hole SKDD001 for immediate fire assay testing at a Sadcas-accredited laboratory in Zimbabwe because of the visible gold.
“The near-term potential for possible mining at Prospect 4 was apparent as soon as we saw the core. We now need to test this potential with swift and methodical follow-up exploration. We are particularly looking forward to testing the additional three shear zones we believe we’ve identified here,” said the firm.
He added that they will continue drilling at the Nara Project, and send the SKDD001 pulps for multi-element testing at an internationally accredited laboratory in Johannesburg.
“Having brought Kavango Mining into production in March, we are set up operationally, to bring any new discovery into production with relative speed. While more drilling is needed to evaluate the scale of the opportunity, this is a highly promising start.”-chronicle
