Southern Africa-focused metals exploration company Kavango Resources has signed a six-month exclusive option to acquire two gold exploration assets in Matabeleland, southern Zimbabwe.
It said both the Hillside and Leopard projects had the potential to contain gold resources amenable to bulk mining.
Hillside is situated on the same greenstone belt as the Nara Project, for which Kavango is now doing due diligence in the field after signing an exclusive two-year purchase option.
Leopard is located on a separate greenstone belt to the north.
"I'm very pleased to announce that we have already been able to expand our footprint in Zimbabwe after signing the Nara project last month,” said Kavango chief executive Ben Turney.
“The Hillside and Leopard projects both contain historically producing mines and have been underexplored with modern-day exploration techniques.”
He said the company will carry out a thorough assessment of their commercial gold potential during the six-month option period.
The Hillside Project consists of 40 contiguous gold claims and a historic underground mine with high-grade ore.
This reportedly yielded 18,000 ounces (oz) of gold with a grade of 7.7 grams per tonne (g/t) across a strike length of more than 350 meters.
The Leopard Project consists of 44 adjacent gold claims and has historically supported gold output from two underground mines.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
