Published: 08 July 2025

British mining firm Kavango Resources Plc has reported a major breakthrough in its exploration campaign at the Bill's Luck Gold Mine in southern Zimbabwe, revealing a high-grade gold intercept of 11.79 grams per tonne (g/t) during underground drilling operations.

The discovery is part of the company's Hillside Project, which lies within Zimbabwe's historic Filabusi greenstone belt. The result confirms the presence of a rich gold-bearing zone, significantly enhancing the mine's potential profitability and increasing the likelihood of sustained commercial operations.

In a statement released Monday, Kavango revealed that the promising intercept came from hole BLDDUG004B, which returned 4.36 metres of mineralisation grading 11.79g/t, including exceptionally high sub-sections of 44.88g/t and 25.04g/t over shorter intervals.

"This intersection is about 12 metres from where we are currently mining beneath 3 Level, and therefore represents a near-term target for us to pursue," said Kavango CEO Matthew Turney. "The latest underground results from Bill's Luck are highly encouraging."

Turney noted that the gold system at Bill's Luck appears to be far more extensive than previously understood. The company has observed open strike and downdip continuity, alongside several newly identified parallel gold reefs that could host additional mineralisation.

To improve operational clarity, Kavango has reverted to using historical names for its four key gold prospects on the Hillside Project — Bill's Luck, Britain, Nightshift, and Steenbok — which were previously referred to as Prospects 1 through 4.

As part of its development strategy, Kavango has commenced work on a 50-tonnes-per-day (tpd) gold processing plant at Bill's Luck. The plant is expected to be commissioned in the second half of 2025, and Turney expressed confidence it will operate at full capacity from launch thanks to the strength of the latest findings.

The Hillside Project, now 100% owned by Kavango, includes three key targets the company aims to bring into production over the next 18 months — Bill's Luck, Steenbok and Nightshift. Kavango's vision includes both open-pit and mechanised underground mining operations, focusing on quick-to-develop high-grade zones.

At Nightshift, the company is investigating the potential for selective open-pit mining, while Steenbok is being pursued as a mechanised high-grade underground mine.

The company has also expanded its footprint with full ownership of the Nara Gold Project, a neighbouring site within the same greenstone belt, having exercised its option in June 2025.

Kavango's exploration work in Zimbabwe is seen as part of a broader drive to unlock underexploited mineral potential in one of Africa's oldest and most resource-rich gold belts. With drilling and development accelerating, the company is expected to release further updates as assay results continue to be processed.
- newsday

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