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ZIM: Hillside Prospect 2 Discovery Drilling Begins
ZIM: Hillside Prospect 2 Discovery Drilling Begins.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n\n19 June 2024 \nKavango Resources\n(\"Kavango\" or \"the Company\")\nZIM - Hillside Prospect 2 Discovery Drilling Begins\nKavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce the Company has commenced follow up discovery drilling at its Prospect 2 target in the Hillside Gold Project (\"Hillside\"), Zimbabwe.\nHighlights\n· Drill rig mobilised to Hillside Project, following completion of drilling at the Nara Gold Project\n· Next two holes planned to test the discovery potential of Hole BRDD001 (announced>>> 23 April 2024). Best results, based on apparent downhole widths, from BRDD001 included:\no 7.2m @ 9.95 g/t gold from 50.64m depth and including 1.61m @ 31.57 g/t gold.\no 2.00m @ 2.12 g/t gold from 86.00m depth.\n· Holes BRDD002 and BRD003 will test:\no The strike continuation of the mineralisation intersected in BRDD001\no Under an historic gold mine and extensive local artisanal workings\no The strike continuation of an Induced Polarisation (\"IP\") chargeability anomaly\no An area that may lead to follow-up resource drilling to explore potential for near-term mine production\n· Further exploration holes will be announced at Hillside in due course\nBen Turney, Chief Executive Officer of Kavango Resources, commented:\n\"The next phase of discovery drilling at Hillside is extremely important for Kavango. We will follow up on the significant success we had with Hole BRDD001 at our Prospect 2 target. This intercepted a 7.2m gold mineralised zone that returned an average grade of 9.95g/t. This zone has been exploited on surface and was intersected at an approximate vertical depth of 35m, which is in line with our exploration model searching for possible open-pit gold deposits.\nOur next two holes will test the projected 162m strike extent that we've mapped from surface, based on known historic and artisanal mine workings. Hole BRDD001 tested the centre of the workings, which we believe is potentially much larger under cover. Holes BRD002 and BRD003 will be collared 80m either side of this to test the strike continuation.\nIn the meantime, we will also conduct more Induced Polarisation (IP) surveys around the Prospect 2 target area and across Hillside. The IP...