Kavango Resources (LSE:KAV) has announced a notable gold discovery at its Bill’s Luck Gold Mine, uncovering a high-grade gold zone at a depth of 111.50 meters. Recent drilling revealed an impressive intercept of 13.60 grams per tonne over 10.40 meters, indicating the presence of a valuable ore shoot that remains open at depth. This promising result strengthens the company’s plans to increase gold output and advance further exploration.
The ongoing drilling campaign aims to delineate a resource capable of supporting mining operations for at least three years, complementing the development of a pilot production facility already underway.
About Kavango Resources
Kavango Resources PLC is focused on metals exploration and gold production in Southern Africa, with a primary emphasis on Zimbabwe. The company’s portfolio includes the Hillside and Nara Gold Projects, with key targets such as Bill’s Luck, Steenbok, and Nightshift located along the Filabusi greenstone belt. Kavango aims to develop both open-pit and underground mining opportunities to achieve commercial-scale gold production.
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