ASSAY results from diamond drilling at Kavango Resources’ Nara Gold Exploration Project confirm the presence of a gold mineralised system with significant mining potential.
Higher gold grades exceeding five grams per tonne were found in narrow pinched zones, suggesting the project could yield substantial returns.
“Our first phase of exploration at the Nara Project confirms the potential for a large-scale gold-bearing system here… We will now complete our analysis of the data we have gathered to design the next phase of drilling. We will provide an update on this in the coming weeks and plan to mobilise a second rig a little later this year,” said Kavango’s chief executive, Ben Turney.
Kavango’s decision to extend its option to acquire Nara until June 2025 provides more time for exploration but also poses a risk of missing a volatile market window.
The company recently announced its planned secondary listing on the Victoria Falls Stock Exchange to raise capital for its mineral exploration and mining activities in Zimbabwe.
The group-through its local subsidiary, Kavango Zimbabwe, is targeting several historic high-grade gold mines in the Matabeleland region for economic bulk
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