Business
Results from Resource Drilling at Bill’s Luck
Kavango Resources PLC has announced the completion of its reverse circulation resource drilling program at the Bill's Luck Gold Mine in Zimbabwe, with a total of 7,714 meters drilled. The program successfully intersected mineralized "reefs," including a new parallel structure, and results will inform a maiden Mineral Resource Estimate. Highlights from the RC drilling include 28.80 g/t over 1.00m in hole BLRC023 and 4.00 g/t over 11.00m in hole BLRC033. The company anticipates this will support future mine planning and the ramp-up of ore output to its pilot processing plant, advancing the project towards scalable gold production. Disclaimer*
About this update from Kavango Resources Plc
[{"type":"text","content":"\n\nPRESS RELEASE\n29th January 2026\nKAVANGO RESOURCES PLC\n(\"Kavango\" or \"the Company\")\nResults from Resource Drilling at Bill's Luck Gold Mine\nRC drilling completes the programme and paves the way to establish a maiden Mineral Resource Estimate\nKavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused metals exploration and gold production company, is pleased to announce the full results from its reverse circulation (\"RC\") resource drilling programme at Bill's Luck Gold Mine (\"Bill's Luck\" or the \"Mine\") at the Hillside Project (\"Hillside\"), Zimbabwe. This follows the publication of diamond drilling results from the same programme (26th January 2026).\nThis programme was designed to establish a maiden Mineral Resource Estimate (\"MRE\") that will support and inform future mine planning and scheduling while also unlocking the full value of what is increasingly believed to be a significant mineralised system at Bill's Luck.\nThe programme comprised an initial wide-spaced diamond drill programme followed by infill diamond drilling and a separate RC drill programme along strike to the northwest and southeast. A total of 7,714 metres (\"m\") were drilled, comprising 3,556m of RC drilling and 4,158m diamond drilling.\nAs previously announced, the drill programme has intersected the currently mined \"Main Reef\", as expected, but has also confirmed the presence of an additional \"reef\" structure adjacent to and parallel with the \"Main Reef\" that is also mineralised. The drilling also tested and intersected further \"reefs\" in both the hanging wall and footwall. Results of the diamond and RC drilling programmes will now be used to inform a maiden Mineral Resource Estimate at Bill's Luck.\nGold assay results from the surface RC programme include the following highlights:\n· Hole BLRC023:\n· 28.80 grammes per tonne (\"g/t\") over 1.00m from 65.00m\n· 28.53g/t over 3.00m from 82.00m (including 25.41g/t over 1.00m and 55.16g/t over 1.00m)\n· Hole BLRC033:\n· 7.94g/t over 1.00m from 43.00m\n· 4.00g/t over 11.00m from 75.00m (including 31.34g/t over 1.00m and 2.98g/t over 1.00m)\n· 1.22g/t over 9.00m from 90.00m (including 5.88g/t over 1.00m)\n· Hole BLRC016:\n·&n...