Kavango Resources plc has exercised its call option over the Hillside and Leopard South projects in Zimbabwe. The company said it intended to extend the call option on Leopard North to 30 June 2025. Purchase agreements for Hillside and Leopard South are being drawn up with completion scheduled for 15 May 2024. In January, Kavango […]
Tag: Hillside gold project – Matabeleland – Zimbabwe
Kavango produces first refined gold
Kavango Resources plc’s first monthly production nearly reached the company’s 2024 target at its Hillside gold project in Matabeleland, southern Zimbabwe. INCREASE Final refined gold production in March was 899.6g of gold, which is anticipated to show a “significant increase” as direct mining begins. Any surplus generated will be used in its exploration programmes in […]
Kavango results strengthen Hillside gold potential
Kavango Resources plc said first drill results underlined the potential for a million ounces gold at its Hillside prospect 4 in Matabeleland, southern Zimbabwe. VISIBLE Scoping hole SKDD001, drilled to 247.40m, targeted mineralisation in a steeply dipping shear zone below artisanal workings. The company said that the hole intersected the targeted shear zone being worked […]
Kavango new Zimbabwe subsidiary nears revenue
Kavango Resources plc said its new Zimbabwe mining subsidiary will this month start generating revenue with the Hillside gold project. PRODUCTION Kavango Mining (Pvt) Ltd signed its first contract to begin immediate gold mining by taking over operations for 100% revenue. Today’s news follows Kavango’s plans to generate early cash flow by extracting gold from […]
Kavango signs two more Zimbabwe gold options
Kavango Resources plc has signed an exclusive six-month option to acquire two further gold exploration projects in Matabeleland, southern Zimbabwe. HILLSIDE The company said the Hillside and Leopard projects each had the potential to host bulk mineable gold deposits. Hillside comprises 40 contiguous gold claims and contains a historic high-grade underground mine, reported to have […]