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Kavango Resources ( (GB:KAV) ) just unveiled an update.
Kavango Resources has reported promising assay results from its preliminary resource drilling at Prospect 3 on the Hillside Gold Project in Zimbabwe. The drilling revealed higher-than-expected gold grades within six mineralized shear zones, suggesting potential for near-term open-pit mining and subsequent underground mechanized mining. The results indicate a robust mineralized system, with plans for further drilling to explore the extent of gold mineralization, potentially leading to a significant gold discovery.
More about Kavango Resources
Kavango Resources PLC is a metals exploration and gold production company focused on Southern Africa. The company primarily engages in exploring and developing gold mining projects, with a market focus on leveraging modern mechanized mining methods to enhance gold production.
YTD Price Performance: 30.0%
Average Trading Volume: 65,920
Technical Sentiment Signal: Buy
Current Market Cap: $31.44M
Learn more about KAV stock on TipRanks’ Stock Analysis page.