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ZIM: Prospect 3 Positive Assay Results
ZIM: Prospect 3 Positive Assay Results.
About this update from Kavango Resources Plc
[{"type":"text","content":"\n\nPRESS RELEASE\n02 May 2025\nKAVANGO RESOURCES PLC\n(\"Kavango\" or \"the Company\")\nZIM: Prospect 3 Positive Assay Results\nKavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration and gold production company, is pleased to report encouraging assay results from its recently completed preliminary resource drilling at Prospect 3 (\"Prospect 3\") on the Hillside Gold Project (\"Hillside\") in Matabeleland, southern Zimbabwe.\nDrilling intercepted higher than expected gold grades, within 6 defined mineralised shear zones that appear to increase in grade at depth. These results suggest Prospect 3 has the potential for near-term, shallow open-pit mining of selected mineralised zones, followed by a progression to underground mechanised mining.\nThe shallow drilling programme successfully provided Kavango with sufficient geological information and positive assay results to begin its first direct resource definition. The Company is also finalising details for a follow-up drill programme to further test gold mineralisation open at depth and along strike at Prospect 3, with an announcement to follow in due course.\nHighlights\n· 6 mineralised gold bearing shear zones confirmed across 34 shallow diamond drill holes at Prospect 3.\no Each hole was drilled to a depth between 60m and 105m, for a total of 2,109.16m, covering a 100m x 150m grid, with a 25m x 25m spacing between hole collars:\no The drill defined gold bearing shear zones lie within a larger block that corresponds with mapped areas of artisanal workings, suggesting Prospect 3 covers an area of at least 650m x 150m that is open at strike in both directions.\no Shallow, higher-grade gold intercepts extend to and are open at depth in the 6 mineralised shear zones.\no Assay results and core logging show that the most consistent higher-grade and wider, discrete mineralised shear zones are concentrated within the granodiorite.\n· 65 significant gold intersections, grading at >1g/t Au, transected across the 6 confirmed mineralised shear zones. Highlights include:\no 0.90m @ 18.11g/t Au from surface in Hole NSDDIR009\no 8.32m @ 1.07g/t Au from 57.5m in Hole NSDDIR012\no 0.60m @ 7.82g/t Au from 52.40m and 0.87m @ 5.58g/t Au from 56.83m in Hole NSDDIR015\no&...