Kavango Resources PLC on Monday said - London-based, Southern Africa-focused metals exploration company - Finds 29.08 grammes of gold per tonne at the Hillside Prospect 4 gold asset in Matabeleland, southern Zimbabwe after drilling SKDD001 hole. Says hole contains multiple further broad zones of geochemically anomalous gold values thought to relate to additional shear zones. Results are pending on four other holes drilled across three other Hillside prospects, it adds. Kavango will also examine near surface gold mining potential at prospect 4, based on intersected grades and ongoing artisanal mining in the area. Chief Executive Officer Ben Turney says: ‘This result far surpasses our expectations at prospect 4. 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 mineable gold.’

Current stock price: 1.14 pence, up 12%

12-month change: up 15%

Copyright 2024 Alliance News Ltd. All Rights Reserved.