What's Happening?
Kavango Resources has announced the discovery of an open-pit gold deposit at its Nightshift Prospect on the Hillside Gold Project in Zimbabwe. The deposit is expected to yield high ore tonnage and strong
gold grades. A mineral resource estimation projects production at 20,000 ounces at 0.86 grams per ton. Kavango plans to install a 300-ton-per-day gold processing plant at the nearby Bills Luck Gold Mine. The company aims to start shallow, selective open-pit mining in the first half of 2026 and extend the known strike length of the deposit.
Why It's Important?
This discovery is a significant milestone for Kavango Resources, marking a successful implementation of its gold development strategy in Zimbabwe. The potential for high-grade gold production could enhance the company's market position and attract investment. The planned expansion and processing capabilities are likely to boost local economic activity and employment. This development also underscores the growing interest and investment in Zimbabwe's mining sector, which could have broader economic implications for the region.
What's Next?
Kavango Resources plans to conduct further exploration to extend the deposit's strike length and assess its underground potential through a diamond drilling program. The company's focus on fast-tracking production targets suggests a strategic push to capitalize on the discovery quickly. Stakeholders, including investors and local communities, will be watching the project's progress and its impact on the regional economy.
