Kavango Resources Targets Large Gold Deposits in Zimbabwe
Kavango Resources, a London Stock Exchange-listed mineral exploration company, is investing in exploration projects in Zimbabwe’s mining sector.
By Patricia Rwafa
Kavango’s projects in Zimbabwe include Hillside and Nara. Hillside has the potential to host a bulk mineable gold deposit, while Nara covers four historic underground mines with a total recorded production of 92,000 ounces of gold.
As announced on X, the exploration data is considered critical for attracting investors and determining the resources to be committed to exploiting a mineral. The absence of extensive exploration work over the years has resulted in the country failing to determine the extent of its entire mineral wealth.
Kavango Resources is targeting world-class base and precious metal discoveries in Zimbabwe and Botswana. The entity, which has footprints in Matabeleland, is pursuing projects including the Hillside Project and Nara.
According to Ben Turney, CEO of Kavango Resources:
“The Hillside Project contains a historic high-grade underground mine that produced a reported 18,000 ounces of gold from ore at a grade of 7.7 grams per tonne over a strike length of more than 350m.
Kavango has identified multiple zones with the potential for scheelite and gold production parallel to the trend responsible for historical production.
Within these zones, the company has designated three prospects as a priority due to their near-surface, bulk mining potential. Hillside has the potential to host a bulk mineable gold deposit. The company has entered an exclusive option to acquire the asset.
On the other hand, Nara covers four historic underground mines with a total recorded production of 92,000 ounces of gold. The average grade of ore mined was 9.76 g/t. In addition to gold, the historic mines also produced credits of tungsten and silver.
The project has also supported continuous surface small-scale mining and custom milling over the last 30 years. This has generated an estimated 150,000 to 250,000 tonnes of tailings, which presents an opportunity for potential near-term revenue generation.”
The country has over 60 recorded minerals, but only 10 are being actively mined according to Minister of Mines and Mining Development Hon Winston Chitando. The rest will be mined once there is sufficient exploration and resource definition.