Business
Successful Diamond Drilling at Bill’s Luck
Kavango Resources PLC has announced positive results from its diamond drilling program at the Bill's Luck Gold Mine in Zimbabwe, with total drilling reaching 7,714 meters. The program confirmed the presence of the "Main Reef" and an additional parallel mineralized "reef" structure, along with further mineralized "reefs" in the hanging wall and footwall. Notable assay results include 19.24g/t over 1.50m in hole BLDDUG015 and a significant 106.05g/t over 1.16m in hole BLDDUG023, indicating the potential for a maiden Mineral Resource Estimate. Disclaimer*
About this update from Kavango Resources Plc
[{"type":"text","content":"\n\nPRESS RELEASE\n26th January 2026\nKAVANGO RESOURCES PLC\n(\"Kavango\" or \"the Company\")\nSuccessful diamond resource drilling programme at Bill's Luck Gold Mine\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 diamond resource drilling programme at Bill's Luck Gold Mine (\"Bill's Luck\" or the \"Mine\") at the Hillside Project (\"Hillside\"), Zimbabwe.\nThe resource drilling programme at Bill's Luck was designed to establish a maiden Mineral Resource Estimate (\"MRE\") to 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 reverse circulation (\"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. Results from the RC drill programme are expected to be released in the coming weeks, when all results have been confirmed.\nThe 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. The diamond drilling results, together with the RC drill programme, will now be used to inform a maiden Mineral Resource Estimate at Bill's Luck.\nGold assay results from the surface and underground diamond drilling programme include the following highlights (not including previously announced holes BLDD009 and BLDD010):\n· Hole BLDDUG015:\n· 19.24g/t over 1.50m from 55.00m (including 64.12g/t over 0.24m and 23.13g/t over 0.50m)\n· Hole BLDDUG020C:\n· 41.28g/t over 1.05m from 44.25m (including 125.14g/t over 0.34m)\n· Hole BLDDUG021:\n· 7.68g/t over 3.29m from 63.58m (including 2.92g/t over 0.51m, 26.26g/t over 0.82m and 2.12g/t over 0.71m)\n· Hole BLDDUG022:\n· &nbs...