Kavango Resources plc chief executive officer and director Ben Turney has left his post, with immediate effect. Executive chairman Peter Wynter Bee becomes interim CEO until the appointment of a new CEO. Non-executive director Donald McAlister will act as interim chief financial officer and Gautam Dalal will be chairman of the audit committee. “Over the […]
Tag: Bill’s Luck gold mine – Hillside – Matabeleland -Zimbabwe
Kavango raises £2.2m
Kavango Resources plc has raised £2.2 million by the issue of 227,751,720 new ordinary shares, each at a price of one pence, by a direct subscription and placing. TVRs The southern Africa-focused company’s major shareholder Purebond Ltd directly subscribed for 111,201,720 new ordinary shares. Kavango’s chairman and director Peter Wynter Bee subscribed for 10 million new […]
Kavango begins 1,400m drilling at Bill’s Luck
Kavango Resources plc has started its resource drilling programme, designed to increase production, at Bill’s Luck gold mine on the Hillside project in Zimbabwe. PAYBACK The 1,400m campaign comprises diamond drilling, infill diamond drilling and reverse circulation drilling, ahead of defining an inaugural mineral resource estimate suitable for three years’ mining. Operations will focus on […]
Kavango notes ‘impressive’ intercept at Bill’s Luck
Kavango Resources plc has returned a second high-grade gold intercept in a “gold-bearing structure” at Bill’s Luck gold mine on the Hillside project in Matabeleland, southern Zimbabwe. INVESTMENT Hole BLDDUG006 was drilled to a depth of 75.48 metres with assays showing grades of 13.60 grams a tonne over 10.40m from 64m to 74.40m. This also […]
Kavango indicates ‘wider potential’ at Bill’s Luck
Kavango Resources plc reported “highly encouraging” results from underground drilling at Bill’s Luck gold mine on the Hillside project in Matabeleland, Zimbabwe. GOLD SYSTEM Operations are testing the strike and down-dip continuity of existing and newly discovered mineralised reefs. Intersections in a “gold-bearing structure” include from 47.36 metres to 51.72m of 11.79 grams a tonne […]
Kavango to process 50t/d gold at Bill’s Luck
Kavango Resources plc has started building a 50 tonne-a-day carbon in pulp (CIP) gold processing plant at the Bill’s Luck gold mine within its Hillside gold project in Zimbabwe. STOCKPILE The move follows the discovery last week of new gold “reefs”, which led the company to expect that the Bill’s Luck gold system is much […]