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ZIM – Extensive anomalous gold in soils Prospect 4
ZIM – Extensive anomalous gold in soils Prospect 4.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n\nPRESS RELEASE\n19 August 2024\nKAVANGO RESOURCES PLC\n(\"Kavango\" or \"the Company\")\nZIM -- Extensive anomalous gold in soils Prospect 4\nKavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company is pleased to announce the receipt of gold assay results for its recent soil sampling programme at Prospect 4, Hillside Project (\"Prospect 4\") in Matabeleland, southern Zimbabwe.\nThe soil sampling programme returned anomalous gold in soil values over an area of 1.5km², which is underlain by greenstones and granites offset by a regional shear with multiple quartz-vein complexes producing gold from artisanal surface workings.\nHighlights\n· Kavango has received 582 assay results for soil samples collected over 1.5km², with anomalous values received across much of the gridded area.\n· The soil samples were assayed for gold using a bottle roll cyanide leach technique at Performance Laboratories in Zimbabwe in conjunction, with handheld pXRF readings for other elements carried out by the Company.\n· Anomalous gold values appear to be closely associated both with the E-W trending shears favoured by the artisanal and historical miners, and also the SSW - NNE trending structures interpreted from geophysics.\n· Gold values appear across the whole grid and are open to the W and E.\n· These assay results confirm a larger mineralised system presently being worked only locally by the artisanal miners. They also indicate the possible presence of additional potential gold bearing structures not yet tested or worked.\n· Kavango previously announced results for a scoping hole targeting a steeply dipping shear zone below artisanal workings that intersected multiple broad zones of geochemically anomalous gold values thought to relate to additional shears. (announced >>>15th April 2024)\n· Best results* in this hole, SKDD001, included:\n- 2.53 m @ 29.08 g/t gold from 97.47 m, associated with visible gold (average peak grade of 212.07 g/t over 0.34 m).\n- 1.32 m @ 1.80 g/t gold from 214.46 m.\n· An Induced Polarisation (\"IP\") survey identified three further potential shear zones, parallel to the one being w...