Projects

The Hillside Project ("HILLSIDE")

 

Project Name:
The Hillside Project (“HILLSIDE”)
Ownership:

100% Kavango (subject to exercise of option)

Operatorship:
Kavango (subject to exercise of option)
Location:
Zimbabwe
Size:
409 hectares (indicative)
Stage:
Exploration

 

Commodity:
Gold
Target:

Bulk mineable gold deposit

 

Project Details

The Hillside Project consists of 44 gold claims covering 503 hectares within trucking distance of the Nara Project.

The Project contains a historic high-grade underground mine that produced a reported 18,000 ounces of gold from ore at a grade of 7.7 grams per tonne over a strike length of more than 350m.

The Company has now completed its maiden drill programme at Hillside, covering four priority prospects with near-surface high grade and bulk mining potential. It has reported results for two of these holes, at Prospect 2 and Prospect 4.

At Prospect 2, Hole BRDD001 intersected a relatively shallow, well mineralised zone hosting gold and associated sulphide in shears. Highlight assays include 7.2m @ 9.95g/t gold from 50.64m (including 1.61m @ 31.57g/t gold) and 2m @ 2.12g/t gold from 86m.

IP surveying at Prospect 2 has also identified a series of anomalies interpreted to represent

a set of shears within a broad deformation zone.

A plan and section of the BRDD001 borehole against a background of artisanal workings, mapped against projected shears based on IP resistivity

A plan and section of the BRDD001 borehole against a background of artisanal workings, mapped against projected shears based on IP resistivity

At Prospect 4 assay results in hole SKDD001 returned highlight grades of 2.53m @ 29.08g/t gold from 97.47m and 1.32m @ 1.80g/t gold from 214.46m. This hole also intersected

multiple further broad zones of anomalous gold values thought to relate to additional shear zones.

IP surveying has identified up to five mineralised shear zones at Prospect 4 over a 700m width and currently mapped 500m strike.

A plan and section of the BRDD001 borehole against a background of artisanal workings, mapped against projected shears based on IP resistivity

Visible Gold at 97.68m in SKDD001, confirmed by assay

Alongside its ongoing exploration, Kavango has taken over existing mining operations at Hillside through its recently established 100% owned subsidiary Kavango Mining. Kavango Mining achieved operational profitability in its first month of trading (April 2024), producing 899g of gold.

Kavango anticipates a significant increase in production at Hillside as it commences direct mining, opens new sources of ore, and invests in production capacity there.

Next Steps

Kavango plans to drill test the interpreted shears at Prospect 2 with the objective of identifying a bulk-minable gold deposit across the entire zone.

At Prospect 4, the Company will test for high-grade, low-tonnage underground gold potential and lower-grade, high-tonnage bulk-mineable gold potential.

Assay results from drilling at Prospect 1 and Prospect 3 are in progress, and will define Kavango’s follow-up exploration work.

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