Kavango Resources says its initial fire assays from the Hillside Prospect 4 gold project in Matabeleland, southern Zimbabwe, include one significant gold intersection grading at 29.08 grammes per tonne (g/t) over 2.53 m at a depth of 97.47 m.
Company chief executive Ben Turney said the secondary zone of 1.8 g/t over 1.32 m at 214 m depth is also encouraging.
Prospect 4 is the company’s fourth-ranked target at Hillside, which has the potential to host over 1 million ounces of mineable gold.
“We sent the cores from Hole SKDD001 for immediate fire assay testing at a SADCAS-accredited laboratory in Zimbabwe because of the visible gold. The near-term potential for possible mining at Prospect 4 was apparent as soon as we saw the core,” he said.
“We now need to test this potential with swift and methodical follow-up exploration. We are particularly looking forward to testing the additional three shear zones we believe we have identified here.”
Meanwhile, Turney said that while they continue drilling at the Nara Project, the company will send the SKDD001 pulps for multi-element testing at an internationally accredited laboratory in Johannesburg.
“We have confidence in the data we have published today and the tests in Johannesburg will help guide future drilling.”
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished