REG - Kavango Resources - ZIM: Steenbok Encouraging High-Grade Assays
Today 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250617:nRSQ1503Na&default-theme=true
RNS Number : 1503N Kavango Resources PLC 17 June 2025
PRESS RELEASE
17 June 2025
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
ZIM: Steenbok Encouraging High-Grade Assays
Kavango Resources plc (LSE: KAV), the Southern Africa focused metals
exploration and gold production company, is pleased to announce further
significant gold intercepts at the Prospect 4 Steenbok Target ("Steenbok") in
the Hillside Project ("Hillside"), Zimbabwe. Kavango completed a further
3,232m of diamond drilling at Steenbok, which built upon the success of Hole
SKDD001 (announced >>> April 2024
(https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/rgglo3r)
).
Seven of the eight holes drilled intersected encouraging gold mineralisation.
In total, there were 69 significant gold intersections using a cut-off grade
of 0.7g/t Au (the "Significant Intersections"). Of these, there were 41
intersections with grade >1g/t.
In parallel to drilling, Kavango employed a firm of specialist structural
geologists to review the geological setting at Steenbok. Based upon the extent
of the claims, geological mapping and the structural review the Company
believes the strike length at Steenbok is up to 1.5km long and open in both
directions.
Highlights
· Kavango has drilled a total of 3,479m across 8 diamond core holes at
Steenbok. This includes the original discovery hole SKDD001, which returned
2.53m @ 29.08grams/tonne of gold ("g/t Au")
· High-grade gold intersections in 6 of the 7 new holes
· 41 significant gold intersections, grading at >1g/t Au,
intercepted across 400m of strike that is open in both directions. Highlights
include:
· Hole SKDD002:
· 1.5m @ 5.41g/t from 76m (including 0.8m @ 7.25g/t Au from 76.7m),
· 2m @ 6.36g/t Au from 81m,
· 1.25m @ 7.72g/t Au from 122.16m (including 0.4m @ 19.29g/t Au).
· Hole SKDD002B:
· 1m @ 9.28g/t Au from 9m,
· 1m @ 3.19g/t Au from 88m,
· 1.7m @ 2.44g/t from 165.3m,
· 1m @ 2.94g/t Au from 268m.
· Hole SKDD004:
· 2m @ 1.37g/t Au from 359m.
· Hole SKDD006:
· 1.92m @ 6.21g/t Au from 138.83m (including 0.5m @ 17.78g/t),
· 5.75m @ 3.42 g/t from 143.7m (including 1m @ 13.29g/t Au),
· 1m @ 2.49g/t Au from 243.4m.
· Hole SKDD007:
· 3m @ 3.03g/t from 91m (including 1m @ 7.78g/t Au),
· 1m @ 6.3g/t Au from 272.5m
· The distribution and tenor of these intercepts supports Kavango's
interpretation of Steenbok as a structurally hosted vein system, comparable to
high-grade shear-hosted gold systems of Western Australia.
· Based on geological mapping and internal calculations of the extent,
Kavango believes total strike of the system to be at least 1.5km.
· Murgana Geological Consulting Ltd. (Murgana), a firm of specialist
structural geologists, employed to review the structural settings across the
Hillside Project conclude the ore mineralisation is structurally controlled by
a D2M2 related network of shear zones that were acting as feeders but also as
traps for the hydrothermal alteration and related Au mineralisation.
· Kavango is now preparing to follow up exploration and drill programs
at Steenbok, including geotechnical drilling to assess rock competency and
support possible future mining operations.
Ben Turney, Chief Executive Officer of Kavango Resources, commented:
"As Kavango moves towards much more significant mining, these results from
Steenbok mark a highly encouraging continuation of our work in this emerging
gold system. We deliberately targeted 400m of strike and are delighted to
confirm this portion is gold mineralised throughout and open in both
directions.
With strong gold grades encountered in 6 of the 7 holes we drilled and
confirmation of the structural controls, we are making real progress in
building a robust geological model. Following additional work by Murgana, it
appears that the strike length at Steenbok is up to 1.5km long and open in
both directions.
The comparison with gold systems seen in Australia is exciting and validates
our ongoing strategy. We look forward to commencing geotechnical drilling
shortly as we move towards a potential development decision."
Renaming of Prospects
To improve operational clarity, Kavango has reverted to using the historic
names of the first four gold prospects at its Hillside Project
("Hillside") in southern Zimbabwe. The names - Bill's Luck, Britain,
Nightshift, and Steenbok - apply to the previous internal references of
Prospect 1, 2, 3, and 4 respectively.
These names reflect the Company's advancing geological understanding of
Hillside and will now be adopted in all technical reporting, investor updates,
and operational planning.
· New prospect names assigned at Hillside:
▪ Prospect 1 is now Bill's Luck
▪ Prospect 2 is now Britain
▪ Prospect 3 is now Nightshift
▪ Prospect 4 is now Steenbok
The historic mine names are already in use by Kavango's field teams and align
with both historical data references and current drilling zones.
Drilling at Steenbok
At the start of 2025, Kavango drilled 3,232m of diamond core holes across
seven new holes at Steenbok. This brings the total drilled at Steenbok to
3,479m. This programme built on the previously announced Hole SKDD001 (April
2024). SKDD001 returned 2.53m @ 29.08g/t Au and followed a successful soil
sampling and mapping campaign completed in 1H 2024.
Gold mineralisation at Steenbok is structurally controlled, with grade
associated with, but not necessarily confined to, a network of subvertical,
anastomosing shear zones, similar to that seen in Western Australia's
goldfields.
Kavango targeted 400m of strike with 6 of the holes that were drilled
(SKDD001, SKDD002B, SKDD003, SKDD004, SKDD006 and SKDD007). Hole SKDD002 was
abandoned and redrilled at the driller's expense as SKDD002B. All 6 completed
holes, and the abandoned hole, intersected significant gold mineralisation
throughout (from near surface to end of hole).
Drilling intersected 69 significant gold intersections using a cut-off grade
of 0.7g/t Au. Of these, there were 41 intersections with grade >1g/t.
FIGURE 01 - Map showing diamond drill hole locations and gold mineralisation
intercept highlights
Hole SKDD005 was designed as a step out hole, to test for the strike extent.
Following the report from Murgana, the Company has updated its interpretation
of the strike and is assessing alternative collar locations to test the strike
more accurately.
Table 1: Table of diamond holes drilled at Steenbok
No. Drill Rig Plan ID Easting Northing RL Azimuth Dip EOH (m) year
1 Equity SKDD001 728961 7745489 1113 8 -60 247.40 2024
2 Equity SKDD002 728871 7745454 1114 22 -60 163.75 2025
3 Equity SKDD002B 728872 7745452 1114 2 -65 502.50 2025
4 Equity SKDD003 729146 7745542 1106 350 -65 502.50 2025
5 Equity SKDD004 729053 7745471 1108 350 -67 451.06 2025
6 Equity SKDD006 729451 7745701 1113 335 -65 637.40 2025
7 Spartan SKDD005 728907 7745402 1109 4 -65 449.84 2025
8 Spartan SKDD007 729101 7745503 1107 350 -65 524.84 2025
Table 2: Table of significant intercepts using a 0.7g/t Au cut-off.
Hole ID from to length Au g/t comments
SKDD001 97.47 100.00 2.53 29.08 includes 1m at 212.07 g/t
SKDD001 127.00 128.00 1.00 0.73
SKDD001 138.00 139.00 1.00 0.90
SKDD001 172.34 173.00 0.66 0.97
SKDD001 214.46 215.78 1.32 1.80
SKDD002 76.00 77.50 1.50 5.41 includes 0.8m at 7.25g/t
SKDD002 81.00 83.00 2.00 6.36
SKDD002 89.90 90.20 0.30 0.79
SKDD002 122.16 123.41 1.25 7.72 includes 0.4m at 19.29g/t
SKDD002 148.00 148.40 0.40 0.98
SKDD002 150.00 151.00 1.00 0.87
SKDD002 153.56 154.40 0.84 2.72
SKDD002 157.00 158.00 1.00 1.76
SKDD002B 9.00 10.00 1.00 9.28
SKDD002B 13.50 14.35 0.85 0.83
SKDD002B 60.00 60.80 0.80 1.54
SKDD002B 84.00 84.30 0.30 2.65
SKDD002B 88.00 89.00 1.00 3.19
SKDD002B 122.15 122.45 0.30 0.83
SKDD002B 125.00 125.42 0.42 0.72
SKDD002B 149.95 150.70 0.75 0.86
SKDD002B 156.15 158.00 1.85 1.02
SKDD002B 165.30 167.00 1.70 2.44
SKDD002B 172.50 173.00 0.50 0.96
SKDD002B 183.37 184.50 1.13 1.15
SKDD002B 186.50 188.30 1.80 0.78
SKDD002B 190.50 191.00 0.50 0.74
SKDD002B 194.85 195.15 0.30 13.76
SKDD002B 268.00 269.00 1.00 2.94
SKDD002B 323.50 324.00 0.50 0.74
SKDD002B 349.62 349.95 0.33 0.85
SKDD002B 351.50 352.00 0.50 1.08
SKDD002B 471.00 472.00 1.00 0.94
SKDD002B 484.00 485.00 1.00 2.86
SKDD003 50.00 50.50 0.50 0.86
SKDD003 69.00 69.60 0.60 1.49
SKDD003 95.70 96.00 0.30 0.94
SKDD003 100.00 100.65 0.65 3.44
SKDD003 164.78 165.60 0.82 0.83
SKDD003 177.00 177.60 0.60 1.01
SKDD003 255.20 256.00 0.80 2.38
SKDD003 258.50 259.00 0.50 2.97
SKDD003 261.00 262.00 1.00 2.11
SKDD004 2.00 3.00 1.00 0.76
SKDD004 51.30 51.80 0.50 1.27
SKDD004 65.00 66.30 1.30 1.45
SKDD004 77.40 78.40 1.00 0.75
SKDD004 149.00 150.00 1.00 1.41
SKDD004 170.00 170.81 0.81 3.89
SKDD004 189.85 190.22 0.37 1.01
SKDD004 192.50 194.10 1.60 1.68 includes 0.69m at 2.72g/t
SKDD004 309.67 310.33 0.66 2.40
SKDD004 347.00 348.00 1.00 0.84
SKDD004 359.00 361.00 2.00 1.37
SKDD004 363.00 364.00 1.00 0.78
SKDD004 367.40 367.76 0.36 2.03
SKDD005 31.00 32.00 1.00 0.72
SKDD005 62.62 63.31 0.69 0.81
SKDD005 344.17 345.00 0.83 0.84
SKDD006 138.83 140.75 1.92 6.21 includes 0.5m at 17.78g/t and 0.5m at 3.26g/t
SKDD006 143.75 149.50 5.75 3.42 includes 1.0m at 13.29g/t and 0.5m at 6.04g/t
SKDD006 154.00 155.00 1.00 1.00
SKDD006 226.65 227.65 1.00 0.98
SKDD006 241.40 247.40 6.00 0.90 includes 1.0m at 2.49g/t
SKDD006 348.69 349.69 1.00 0.74
Structural assessment of Steenbok and next steps
Recent fieldwork by structural consultants Murgana has proved invaluable in
improving Kavango's understanding of the manner of the vein systems, and the
team continues to work on its characterisation of gold mineralisation, and the
surrounding geology at Steenbok to develop a robust geological model ahead of
any decision to develop the project. Based on geological mapping and internal
calculations of the extent, Kavango believes total strike of the system to be
at least 1.5km. Kavango is now working on an exploration plan to test whether
this strike is gold mineralised.
To this end, the next phase of development at Steenbok will include further
exploration to gather more data on the gold mineralised system and a number of
geotechnical holes to assess rock competency and assist possible future
underground operations. These will inform further development planning,
building on the current drilling and structural model.
Further updates on the Hillside Project, including additional assay results
and drilling progress, will follow shortly.
Further information in respect of the Company and its business interests is
provided on the Company's website at www.kavangoresources.com
(http://www.kavangoresources.com/) and on Twitter at #KAV.
For further information please contact:
Kavango
Resources plc
Ben Turney
+46 7697 406 06
First Equity (Broker)
+44 207 374 2212
Jason Robertson
Kavango Competent Person Statement
The technical information contained in this announcement pertaining to geology
and exploration have been compiled by Mr David Catterall, a Competent Person
and a member of a Recognised Professional Organisations (ROPO). David
Catterall has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activity
being undertaken to qualify as a Competent Person as defined in the 2012
Edition of the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (JORC 2012). David is the principal geologist at
Tulia Blueclay Limited and a consultant to Kavango Resources. David Catterall
is a member of the South African Council for Natural Scientific Professions, a
recognised professional organisation.
Kavango Resources plc Sampling Techniques and Data for Hillside Project Diamond Drilling. Zimbabwe
Last updated: 15 June 2025
(Criteria in this section apply to all succeeding sections)
JORC Code. 2012 Edition - Table 1 report
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (e.g. cut channels. random chips. or specific · The information in this release relates to the technical details from
specialised industry standard measurement tools appropriate to the minerals the Company's exploration and drilling program at Hillside Project which lies
under investigation. such as down hole gamma sondes. or handheld XRF within the Filabusi Greenstone Belt, Matabeleland, Zimbabwe.
instruments. etc). These examples should not be taken as limiting the broad
meaning of sampling. · Diamond drilling (HQ & NQ) was carried out and half core samples
were taken from the entire hole.
· Core was cut into two using a commercial core saw adjacent to the Ori
line to produce two splits as mirror images with regards to igneous textures,
sedimentary bedding where possible structural fabric.
· Samples were taken based on geological contacts, and/or of up to
approximately 1m in length. The minimum sample width is 30cm to cater for
distinct quartz veins which may be diluted and obscured if 1m widths were to
be maintained.
· Samples were submitted for a 25g fire assay with AAS finish. to
Performance Laboratories (Pvt) Ltd., at Harare, Zimbabwe.
· Selected samples will be sent to a check lab, ALS laboratories,
Johannesburg, for referee fire assay comparison.
· Kavango routinely takes pXRF readings along the core using an Olympus
Vanta on Geochem 3 beam mode 60 seconds.
Include reference to measures taken to ensure sample representivity and the · All Kavango's diamond core samples were geologically logged by
appropriate calibration of any measurement tools or systems used suitably qualified geologists on site.
· Sample representativity was ensured where possible by drilling
perpendicular to structures of interest, and by the sample preparation
technique in the laboratory.
· The entire borehole diamond drill core was sampled based on
geological logging, with the ideal sampling interval being 1m, whilst ensuring
that sample interval does not cross any logged feature of interest (e.g.
lithological contact. alteration. mineralisation or structure).
· Individual core samples are weighed at the field camp.
· Upon arrival at Performance lab, the samples are dried at +/- 105
deg Celsius for 8 to 12 hours.
· Entire sample is crushed to 100% passing 4.75mm. The crushers
have inline rotary splitters that split off 500g of sample that is pulverized.
· The 500g split is pulverized in a Rocklabs pot and puck
pulveriser with 85% passing minus 75μm.
· A standard 25g aliquot is used for Fire Assay.
· Following industry best practice. a series of certified reference
materials (CRM's), duplicates and blanks were included for QAQC as outlined
further below.
Aspects of the determination of mineralisation that are Material to the Public
Report.
In cases where 'industry standard' work has been done this would be relatively
simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from
which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other
cases. more explanation may be required, such as where there is coarse gold
that has inherent sampling problems. Unusual commodities or mineralisation
types (e.g. submarine nodules) may warrant disclosure of detailed information.
Drilling techniques Drill type (e.g. core. reverse circulation. open-hole hammer. rotary air · Each hole was drilled using a diamond drill operated by Equity
blast. auger. Bangka. sonic. etc) and details (e.g. core diameter. triple or Drilling Limited and Spartan Drilling Services.
standard tube. depth of diamond tails. face-sampling bit or other type.
whether core is oriented and if so. by what method. etc). · Both Equity and Spartan use HQ and NQ diameter conventional core
barrel.
Drill sample recovery Method of recording and assessing core and chip sample recoveries and results · Core recovery was monitored closely throughout.
assessed.
· Recovery in rock was >95%.
· Any voids were noted.
Measures taken to maximise sample recovery and ensure representative nature of · Samples prepared for assay are taken consistently from the same side
the samples. of the core cutting line to avoid bias.
· Geologists frequently check the core cutting procedures to ensure the
core cutter splits the core correctly in half.
· Core samples for assay are selected within logged geological,
structural, mineralisation and alteration constraints.
· Samples are collected from distinct geological domains with
sufficient width to avoid overbias.
Whether a relationship exists between sample recovery and grade and whether · For Diamond drilling sample recovery was generally very good and as
sample bias may have occurred due to preferential loss/gain of fine/coarse such it is not expected that any such bias exists.
material.
Logging Whether core and chip samples have been geologically and geotechnically logged · Kavango's Diamond drill core samples are logged by a team of
to a level of detail to support appropriate Mineral Resource estimation. qualified geologists using predefined lithological, mineralogical, physical
mining studies and metallurgical studies. characteristic (colour, weathering etc) and logging codes.
· Diamond drill core was marked up on site and Geotechnical logging was
completed at the rig to ensure recoveries were adequately recorded.
· Lithological, structural, alteration and mineralisation are logged at
camp
· The core is securely stored at the base camp.
· The geologists on site follow industry best practice and standard
operating procedure for diamond core drilling processes.
· The core is photographed wet and dry with pXRF and magnetic
susceptibility data also captured.
· Density measurements were determined by Archimedes density
measurements i.e. using a precision balance to weigh sample in air and in
submerged in water. A representative piece of core was selected from each
sample for density measurement.
· The QA/QC compilation of all logging results are stored and backed up
on a data cloud.
Whether logging is qualitative or quantitative in nature. Core (or costean. · All logging is conducted in accordance with Kavango's SOP and
channel. etc) photography. standard published logging charts and classification for grain size,
abundance, colour and lithologies to maintain a qualitative and
semi-quantitative standard based on visual estimation.
· Magnetic susceptibility readings are also taken every metre and/or
half metre using a ZH Instruments SM-20/SM-30 reader.
· All core drilled was photographed wet and dry according to industry
best practice.
The total length and percentage of the relevant intersections logged. · 100% of all recovered intervals are geologically logged.
Sub-sampling techniques and sample preparation If core. whether cut or sawn and whether quarter. half or all cores taken. · Selected intervals are cut in half with a commercial core cutter.
using a 2mm thick blade
· One half is sampled for analysis while the other half is kept for
reference.
· Some of the retained half core is submitted for metallurgical test
work.
· For selected petrographic samples core is quartered.
If non-core. whether riffled. tube sampled. rotary split. etc and whether · All drilling to date has been diamond drilling.
sampled wet or dry
For all sample types. the nature. quality and appropriateness of the sample · Field sample preparation is suitable for the core samples.
preparation techniques
· The laboratory sample preparation technique is considered appropriate
and suitable for the core samples and expected grades.
Quality control procedures adopted for all sub-sampling stages to maximise · Kavango's standard field QAQC procedures for drilling samples include
representivity of samples. the field insertion of blanks, an appropriate selection of standards, field
duplicates, replicates, and selection of requested laboratory pulp and coarse
crush duplicates.
· These are being inserted at a rate of 2.5- 5% each to ensure an
appropriate rate of QAQC.
Measures taken to ensure that the sampling is representative of the in-situ · Sampling is deemed appropriate for the type of survey and equipment
material collected. including for instance results for field used.
duplicate/second-half sampling.
· Quarter core duplicates are not deemed appropriate for this type of
gold mineralisation. This could potentially bias the sample due to the nugget
effect and vein hosted nature of the mineralisation and would reduce the
sample volume.
· Laboratory duplicates are produced from the crushed and milled core.
Whether sample sizes are appropriate to the grain size of the material being · On occasions gold from this project may be coarse, therefore, some
sampled. nugget effect is expected. This is minimised by using the largest diameter of
core possible with the available equipment, and by utilising halved rather
than quartered core for assay.
Quality of assay data and laboratory tests The nature. quality and appropriateness of the assaying and laboratory · A company audit was made of the assay laboratory in this case
procedures used and whether the technique is considered partial or total. Performance Laboratories before it was engaged.
· The digest and fire assay technique provide a total analysis method.
· Between 5% and 20% of submitted samples consisted of additional
blank, duplicate (lab duplicate from splitting the pulp), and standard
samples.
· Round robin and accreditation results for the laboratory were
reviewed and considered acceptable.
· The company's QAQC samples, including standards, are considered to
confirm acceptable bias and precision with no contamination issues identified.
For geophysical tools. spectrometers. handheld XRF instruments. etc. the · Kavango use ZH Instruments SM20 and SM30 magnetic susceptibility
parameters used in determining the analysis including instrument make and meters for measuring magnetic susceptibilities and readings are randomly
model. reading times. calibrations factors applied and their derivation. etc. repeated to ensure reproducibility and consistency of the data.
· An Olympus Vanta C-series pXRF instrument is used in 3-beam
geochemical mode with reading times of 60 seconds in total. Measurements are
taken on clean dry core.
· For the pXRF results no user factor was applied as per Kavango's
SOP. The units are calibrated daily with their respective calibration disks.
· All QAQC samples were reviewed for precision and accuracy. Results
were deemed repeatable and representative:
Nature of quality control procedures adopted (e.g. standards. blanks. · For pXRF appropriate certified reference materials are inserted on a
duplicates. external laboratory checks) and whether acceptable levels of ratio of 1:25 samples.
accuracy (i.e. lack of bias) and precision have been established.
· Repeat readings are taken every 25 samples. and blank samples are
inserted every 25 samples.
· QAQC samples are reviewed for consistency.
· pXRF CRM values show a slight positive bias. including for Cu.
· At low levels (<10ppm) silver values in particular are scattered.
· When laboratory assay results are received blank, standard, and
duplicate values are reviewed to monitor lab performance.
· Performance Lab insert their own CRM's, duplicates and blanks and
follow their own SOP for quality control.
· External referee laboratory checks will be carried out as and when
sufficient holes have been drilled to warrant.
Verification of sampling and assaying The verification of significant intersections by either independent or · All drill core intersections were verified by peer review.
alternative company personnel.
· The Company's internal CP reviewed sampling and has visited site
and the laboratory to verify protocols.
· Assay data was received as assay certificates and cross checked
against sample submission data to ensure a correct match.
The use of twinned holes. · No twinned holes have been drilled to date.
Documentation of primary data. data entry procedures. data verification. data · All data is electronically stored with peer review of data
storage (physical and electronic) protocols. processing and modelling.
· Data entry procedures standardized in SOP data checking and
verification routine.
· Data storage is on a cloud storage facility with access controls
and automatic backups.
Discuss any adjustment to assay data. · No adjustments were made to assay data.
Location of data points Accuracy and quality of surveys used to locate drill holes (collar and · Kavango's drill collar coordinates are captured by using handheld
down-hole surveys). trenches. mine workings and other locations used in Garmin GPS and verified by a second handheld Garmin GPS.
Mineral Resource estimation.
· Drill holes are routinely re-surveyed with differential DGPS at
regular intervals to ensure sub-metre accuracy as and when sufficient holes
warrant.
· Downhole surveys of drill holes were done using an AXIS Champ Mag
tool or the Champ Gyro (for DTH).
Specification of the grid system used. · The grid system used is UTM 35S Arc 1950. All reported coordinates
are referenced to this grid.
Quality and adequacy of topographic control. · Topographic control is based on satellite survey data collected at
30m resolution. Quality is considered acceptable.
Data spacing and distribution Data spacing for reporting of Exploration Results. · Data spacing and distribution of all survey types is deemed
appropriate for the type of survey and equipment used.
Whether the data spacing. and distribution is sufficient to establish the
degree of geological and grade continuity appropriate for the Mineral Resource · A series of step out holes drilled along strike with drill hole
and Ore Reserve estimation procedure(s) and classifications applied. spacing between 50m to 100m except for one hole where it is 300m.
· The program is designed to target the multiple (sheeted)
auriferous veins at the IXL Mine on the Prospect Claims.
Whether sample compositing has been applied. · N/A
Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible · Drill spacing is currently 50m to 100m between holes except for
structures and the extent to which this is known. considering the deposit one hole where it is 300m. This is considered appropriate for this stage of
type. exploration.
· Hole orientation is designed to intersect the target structures
as perpendicular as is practical.
· This is considered appropriate for the geological setting and for
the known mineralisation styles.
If the relationship between the drilling orientation and the orientation of · Existence, and orientation of preferentially mineralised
key mineralised structures is considered to have introduced a sampling bias. structures is not yet fully understood but current available data indicates
this should be assessed and reported if material. mineralisation occurs within steep. sub-vertical structures.
· The drillholes are inclined towards the target, which is
understood to dip towards the drillhole at a steep angle (actual geometry to
be confirmed by a second hole on section in the future).
· The relatively short sample length (typically 1 m) allows for
relatively accurate localization of mineralisation.
· No significant sampling bias is therefore expected.
Sample security The measures taken to ensure sample security. · Diamond core is stored in a secure facility at the field office.
· Sample bags are logged, tagged, double bagged and sealed in plastic
bags stored at the field office.
· Samples are stored in a locked company compound at site and in a
locked container in Bulawayo. They are shipped onwards to the analytical
facility by a reliable commercial courier.
· Sample security includes a chain-of-custody procedure that consists
of filling out sample submittal forms that are sent to the laboratory with
sample shipments to make certain that all samples are received by the
laboratory.
· Prepared samples are transported to the analytical laboratory in
sealed bags that are accompanied by appropriate paperwork. including the
original sample preparation request numbers and chain-of-custody forms.
Audits or reviews The results of any audits or reviews of sampling techniques and data. · The CP has visited both site and the laboratory utilised and considered
practices and SOPs at both as acceptable.
· The CP reviewed all data, and spot-checked significant values versus
certificates.
JORC Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status Type. reference name/number. location and ownership including agreements or · The Hillside Project consists of 44 gold claims.
material issues with third parties such as joint ventures. partnerships.
overriding royalties. native title interests. historical sites. wilderness or · Kavango entered into an option agreement with the vendors, dated
national park and environmental settings. 25 July 2023.
The security of the tenure held at the time of reporting along with any known · This was exercised on 23 April 2024 with respect to Hillside and
impediments to obtaining a licence to operate in the area. Leopard South.
· Leopard North remains subject to a call option valid to June
2025.
· Transfer of the Claims is presently underway.
· More details are provided here
https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/w9nq44r
(https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/w9nq44r)
Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. · The project contains a historic high-grade mine (IXL) that has
been discontinuously mining gold since 1910.
· It is currently being mined by artisanal miners, who are under
contract, milling the ore at Bill's Luck stamp mill.
Geology Deposit type. geological setting and style of mineralisation. · Steenbok lies near the NW contact of the Filabusi gold belt and
the Bulawayan Basement Schists. Younger intrusive granites bound it to the
north.
· Gold mineralization is associated with multiple sub parallel
quartz veins that occur in fine grained massive sheared granite and in
leucogranite / metavolcanics.
· The general azimuth of the auriferous veins is 90(o) to 100(o) TN
(dipping steeply to the SSW) while foliation within the fine-grained granite
and lucogranite is between 65(o) to 75(o) TN dipping sub vertical.
· Major structures close to the IXL mine are the Umzingwane Shear
zone, the Irisvale-Lancaster Shear Zone and the Cleavage Divide.
· Historical gold production figures (1910 to 1929) amounts to
154,148 grams at an average recovery grade of 11,56 g/t.
· It is likely that these grades originated from the shallow
supergene enriched oxidized zone as mention is made that most workings only
went to depths of 5m with a maximum of 23m.
· Based on SD Siziba's report of 1986 the area has a potential of
400,000 tonnes grading at 11 g/t Au.
Drill hole Information A summary of all information material to the understanding of the exploration · Summary table of all completed Kavango diamond drill holes that form
results including a tabulation of the following information for all Material the focus of the current program is presented below.
drill holes:
· The holes were surveyed and sited using a handheld GPS
easting and northing of the drill hole collar
· Upon completion of drilling a DGPS survey was completed by
elevation or RL (Reduced Level - elevation above sea level in metres) of the professional surveyors.
drill hole collar
· Position format: UTM UPS; Map datum Arc 1950 Zone 35S.
dip and azimuth of the hole
down hole length and interception depth
hole length.
If the exclusion of this information is justified on the basis that the
information is not Material, and this exclusion does not detract from the
understanding of the report. the Competent Person should clearly explain why
this is the case.
No. Plan ID Easting Northing RL Azimuth Dip EOH depth (m) comments
1 SKDD001 728961 7745489 1113 8 -60 247.40 surveyed by DGPS
2 SKDD002 728871 7745454 1114 22 -60 163.75 surveyed by DGPS
3 SKDD002B 728872 7745452 1114 2 -65 502.50 surveyed by DGPS
4 SKDD003 729146 7745542 1106 350 -65 502.50 surveyed by DGPS
5 SKDD004 729053 7745471 1108 350 -67 451.06 surveyed by DGPS
7 SKDD005 729451 7745701 1113 335 -65 449.84 surveyed by DGPS
6 SKDD006 728907 7745402 1109 4 -65 637.40 surveyed by DGPS
8 SKDD007 729101 7745503 1107 350 -65 524.84 surveyed by DGPS
Total meters drilled 3479.29
Data aggregation methods In reporting Exploration Results. weighting averaging techniques. maximum · Results will be reported as and when they are available and have
and/or minimum grade truncations (e.g. cutting of high grades) and cut-off been reviewed for QAQC and used for interpretation
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths of high-grade results and
longer lengths of low-grade results. the procedure used for such aggregation
should be stated and some typical examples of such aggregations should be
shown in detail.
The assumptions used for any reporting of metal equivalent values should be
clearly stated.
Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration · Down hole intersection widths are used throughout.
Results.
· Most of the drill intersections are into steep to vertically dipping
If the geometry of the mineralisation with respect to the drill hole angle is units. True thickness is presently unknown and will be determined based on
known. its nature should be reported. additional drilling.
If it is not known and only the down hole lengths are reported. there should · All measurements state that downhole lengths have been used as the
be a clear statement to this effect (eg 'down hole length. true width not true width cannot yet be established by the current drilling.
known').
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts · N/A
should be included for any significant discovery being reported These should
include. but not be limited to a plan view of drill hole collar locations and
appropriate sectional views.
Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable. · All core is presently being logged, cut and sampled for dispatch.
representative reporting of both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration Results. · Results will be reported as and when they are available and have been
reviewed for QAQC and used for interpretation
Other substantive exploration data Other exploration data. if meaningful and material. should be reported · Soil sampling at Steenbok was completed on the 16th May 2024 with
including (but not limited to): geological observations; geophysical survey 589 samples collected. All samples were scanned by pXRF. Samples were
results; geochemical survey results; bulk samples - size and method of analysed at Performance by bottle roll (a Bulk Leach Extraction Method: BLEG)
treatment; metallurgical test results; bulk density. groundwater. geotechnical
and rock characteristics; potential deleterious or contaminating substances.
· Geophysical work has been done previously, comprising Gradient Array
IP and Stacked Schlumberger Sections
Further work The nature and scale of planned further work (e.g. tests for lateral · N/A
extensions or depth extensions or large-scale step- out drilling).
Diagrams clearly highlighting the areas of possible extensions. including the
main geological interpretations and future drilling areas. provided this
information is not commercially sensitive
Data aggregation methods
In reporting Exploration Results. weighting averaging techniques. maximum
and/or minimum grade truncations (e.g. cutting of high grades) and cut-off
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths of high-grade results and
longer lengths of low-grade results. the procedure used for such aggregation
should be stated and some typical examples of such aggregations should be
shown in detail.
The assumptions used for any reporting of metal equivalent values should be
clearly stated.
· Results will be reported as and when they are available and have
been reviewed for QAQC and used for interpretation
Relationship between mineralisation widths and intercept lengths
These relationships are particularly important in the reporting of Exploration
Results.
If the geometry of the mineralisation with respect to the drill hole angle is
known. its nature should be reported.
If it is not known and only the down hole lengths are reported. there should
be a clear statement to this effect (eg 'down hole length. true width not
known').
· Down hole intersection widths are used throughout.
· Most of the drill intersections are into steep to vertically dipping
units. True thickness is presently unknown and will be determined based on
additional drilling.
· All measurements state that downhole lengths have been used as the
true width cannot yet be established by the current drilling.
Diagrams
Appropriate maps and sections (with scales) and tabulations of intercepts
should be included for any significant discovery being reported These should
include. but not be limited to a plan view of drill hole collar locations and
appropriate sectional views.
· N/A
Balanced reporting
Where comprehensive reporting of all Exploration Results is not practicable.
representative reporting of both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration Results.
· All core is presently being logged, cut and sampled for dispatch.
· Results will be reported as and when they are available and have been
reviewed for QAQC and used for interpretation
Other substantive exploration data
Other exploration data. if meaningful and material. should be reported
including (but not limited to): geological observations; geophysical survey
results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density. groundwater. geotechnical
and rock characteristics; potential deleterious or contaminating substances.
· Soil sampling at Steenbok was completed on the 16th May 2024 with
589 samples collected. All samples were scanned by pXRF. Samples were
analysed at Performance by bottle roll (a Bulk Leach Extraction Method: BLEG)
· Geophysical work has been done previously, comprising Gradient Array
IP and Stacked Schlumberger Sections
Further work
The nature and scale of planned further work (e.g. tests for lateral
extensions or depth extensions or large-scale step- out drilling).
Diagrams clearly highlighting the areas of possible extensions. including the
main geological interpretations and future drilling areas. provided this
information is not commercially sensitive
· N/A
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END PFUUBRVRVRUNARRRecent news on Kavango Resources
See all newsREG - Kavango Resources - ZIM: Steenbok Encouraging High-Grade Assays
AnnouncementREG - Kavango Resources - Director Appointment & Board Changes
AnnouncementREG - Kavango Resources - AGM Result
AnnouncementREG - Kavango Resources - ZIM: Prospect 3 Positive Assay Results
AnnouncementREG - Kavango Resources - Notice of AGM
Announcement