Kavango Resources reports high-grade gold intersections at Bill’s Luck Mine

Vusumuzi Dube, Deputy Radar Editor

Kavango Resources has announced promising results from the first two holes of its ongoing resource drilling programme at Bill’s Luck Gold Mine, which is part of its Hillside Project in Zimbabwe.

The drill programme, launched in August 2025, aims to accelerate Kavango’s transition from explorer to larger-scale gold producer by unlocking the full potential of what is increasingly seen as a significant mineralised system at Bill’s Luck.

Hillside Bills Luck

The multiphase drilling initiative combines diamond drilling and reverse circulation (RC) drilling, with the latest results coming from the first two diamond drill holes, BLDD009 and BLDD010.

Both holes intersected the “Main Reef” at vertical depths of 109m and 146m respectively and confirmed the presence of parallel mineralised reef structures, including additional reefs in the hanging wall and footwall.

In an updating statement, Kavango revealed that Hole BLDD009 reported 13.66g/t gold over 2.75m from 134.00m depth, including 46.72g/t over 0.50m, while hole BLDD010 reported 8.09g/t gold over 8.05m from 158.62m depth, including 33.76g/t over 1.00m.

“Underground drilling also intersected a gold-bearing structure, considered the Main Reef, with confirmed assay grades of 11.79g/t over 4.36m and 12.99 g/t over 10.90m. The company plans to announce future drill results in aggregate after full phases of drilling,” reads the statement.

The company noted that these intersections suggest multiple parallel reef structures, including newly identified hanging wall and footwall reefs, which Kavango believes form part of a broader mineralised system.

They further noted a “nugget effect” in gold distribution, typical of high-grade deposits, with some variability between adjacent holes.

RC drilling at Bill’s Luck

Kavango Resources chief executive officer, Mr Ben Turney, said:

“Surface diamond drilling at Bill’s Luck continues to exceed our expectations. We’ve now confirmed that the main Bill’s Luck ore body extends to at least 160m vertical depth, with multiple high-grade gold intersections throughout the latest two exploration holes. We are particularly encouraged by the 8.05m intersection at 158.62m depth carrying 8.09g/t gold.”

Kavango also revealed plans to advance shaft sinking at Bill’s Luck, extending current mining operations from the third to the fourth level, signaling a move towards larger-scale production.

The company is currently modelling the Bill’s Luck Mine to determine true width intersections and aims to establish a maiden mineral resource estimate (MRE) to guide future mine planning and scheduling.

This latest drilling success marks an important milestone for Kavango as it pushes forward with its strategy to become a significant gold producer in Zimbabwe and the Southern Africa region.

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