Kavango confirms new gold reef, high grades at Bill’s Luck

London- and Victoria Falls Stock Exchange-listed junior Kavango Resources has announced high-grade results from its diamond drilling programme at the historic Bill’s Luck Gold Mine in Filabusi, confirming the discovery of a new mineralised reef structure parallel to the main vein, Mining Zimbabwe can report.

By Rudairo Mapuranga

The results are part of a campaign to establish a maiden Mineral Resource Estimate (MRE) for the mine, located within the Hillside Project. The programme, which included over 4,150 metres of diamond drilling, intersected the known “Main Reef” and identified an additional mineralised reef structure running adjacent to it.

Kavango’s Interim Chief Executive Officer, Peter Wynter Bee, said the resource drilling programme had “exceeded our expectations”, demonstrating that the mineralised system extends to depths greater than 220 metres, with continuity along strike and at depth.

“The drilling also tested and intersected further ‘reefs’ in both the hanging wall and footwall,” the company stated.

• Key high-grade intercepts from the diamond drilling include:
• 106.05 grams per tonne (g/t) gold over 1.16 m in hole BLDDUG023.
• 41.28 g/t gold over 1.05 m in hole BLDDUG020C.
• 4.86 g/t gold over 6.96 m in hole BLDD020.

The company plans to integrate these results with data from a separate reverse circulation (RC) drill programme to define an initial resource. This MRE will guide future mine planning and assess long-term production potential at Bill’s Luck, which is being developed ahead of commissioning a 50-tonne-per-day pilot plant.

Kavango is exploring for gold deposits in Zimbabwe suitable for rapid development through modern mechanised mining. At the broader Hillside Project, the company has also declared a maiden resource at the Nightshift target and is evaluating the Steenbok target.

The full results from the RC drill programme are expected to be released in the coming weeks. Together with the diamond drill results, this data will be used to inform the maiden Mineral Resource Estimate for Bill’s Luck.

“We look forward to providing further updates on our plans to increase gold production here soon,” CEO Peter Wynter Bee said.