Kavango Resources plc has appointed Everjoy Ngomamiti as general manager for its Zimbabwe mining operations, effective immediately. Most recently mining manager at Barrick Mining Corporation’s Bulyanhulu gold mine in Tanzania, Mr Ngomamiti has 19 years’ international mining experience. His work includes underground and open-pit mining across Zimbabwe, Tanzania and Australia, with a track record of mine […]
Tag: Hillside gold project – Matabeleland – Zimbabwe
Kavango returns high gold grades at Hillside
Kavango Resources plc has intercepted “higher than expected” gold grades from preliminary resource drilling at Prospect 3 on the Hillside gold project in Matabeleland, southern Zimbabwe. EXTENSION The programme involved 34 drill holes of between a depth of 60 metres and 105m for a total 2,109.16m. The company said that the intercepts, within six defined […]
Kavango secures $5m CLN
Kavango Resources plc has secured a US$5 million convertible loan note for mine development, equipment and construction of a gold processing plant at Hillside in Matabeleland, Zimbabwe. MINING The interest-free CLN is with a consortium of Zimbabwe-registered pension funds, whose agent and administrator is Comarton Consultants (Private) Ltd. The funds can be drawn in three […]
Kavango finds potential gold upgrade at Hillside
Kavango Resources plc reported a “significant upgrade” of potential underground resources following shaft restoration of Prospect 1 at the Hillside gold project in Matabeleland, Zimbabwe. ‘REEFS’ The company completed work on the historic main shaft and west shaft, with the removal of historic waste material from the main shaft’s first two levels revealing a deeper, […]
Kavango completes Prospect 3 drilling at Hillside
Kavango Resources plc has completed initial resource diamond drilling at Prospect 3 within the Hillside gold project in Matabeleland, southern Zimbabwe. MINING The company said that the programme of 34 holes for 2,109.16 metres had provided sufficient geological information and sample material for assay, metallurgical and geotechnical test work for an initial mining plan. Prospect […]
Kavango secures £10.27m financing
Kavango Resources plc has secured strategic financing of £10,277,868 comprising a placing and convertible loan notes. LISTING The placing of 938,028,569 new ordinary shares of £0.001 each at 0.7 pence per share will raise £6,566,200, subject to a Financial Conduct Authority approved prospectus and shareholders. The company’s deputy chairman Peter Wynter Bee has additionally agreed […]