London company Kavango Resources found major gold deposits at its Hillside Gold Project near Bulawayo. The discovery strengthens Zimbabwe as a top mining location. Mining makes up more than three-quarters of Zimbabwe's exports, with gold leading the pack. The country wants to produce 40 tonnes of gold this year, beating last year's record of 36.48 while leveraging both large and small mining operations.
Small miners delivered most of last year's gold at 23,745 kilograms. Kavango focuses on the Hillside Project, which covers 44 gold claims across 503 hectares. The company completed 3,232 meters of diamond drilling at the Prospect 4 target, renamed Steenbok. Seven out of eight holes showed promising gold deposits, with 69 significant gold findings using a 0.7g/t Au cut-off grade.
Forty-one deposits exceeded 1g/t, suggesting commercial potential. Murgana Geological Consulting Limited reviewed the site and confirmed that ore deposits are controlled by shear zones that trap mineral-rich fluids. The company believes Steenbok stretches up to 1.5 kilometers and remains open at both ends. CEO Ben Turney called the results highly encouraging and noted similarities to major Australian gold systems.
Small miners delivered most of last year's gold at 23,745 kilograms. Kavango focuses on the Hillside Project, which covers 44 gold claims across 503 hectares. The company completed 3,232 meters of diamond drilling at the Prospect 4 target, renamed Steenbok. Seven out of eight holes showed promising gold deposits, with 69 significant gold findings using a 0.7g/t Au cut-off grade.
Forty-one deposits exceeded 1g/t, suggesting commercial potential. Murgana Geological Consulting Limited reviewed the site and confirmed that ore deposits are controlled by shear zones that trap mineral-rich fluids. The company believes Steenbok stretches up to 1.5 kilometers and remains open at both ends. CEO Ben Turney called the results highly encouraging and noted similarities to major Australian gold systems.
