FTSE All Share Kavango Resources Advances Gold Drilling at Bill’s Luck in Zimbabwe

3 min read | August 11, 2025 03:18 PM BST | By Team Kalkine Media

Highlights

  • Kavango Resources initiates a multiphase drilling programme at Bill’s Luck Gold Mine in Zimbabwe’s Hillside Project.

  • Drilling aims to define a maiden gold resource to support mine planning and extend mine life.

  • The project includes diamond and reverse circulation drilling along key mineralised shear zones near Main, Roscor, and West Shafts.

Kavango Resources plc, listed on the FTSE All Share, operates in the metals exploration and gold production sector, focusing on projects in Southern Africa. The company recently commenced resource drilling at the Bill’s Luck Gold Mine, part of the Hillside Project in Zimbabwe. The mining industry plays a significant role in the regional economy, contributing through exploration and production activities that uncover and develop mineral resources.

Drilling Programme Objectives

The resource drilling programme by Kavango Resources (LSE:KAV) is structured in phases to delineate a maiden mineral resource estimate for Bill’s Luck. This initial stage involves diamond drilling designed to cover wider spaced holes for mineral identification. Following this, infill diamond drilling will provide detailed information to enhance resource confidence. A separate reverse circulation drilling campaign will test the lateral continuity of gold zones along strike to the northwest and southeast of the current mine workings.

Focus Areas for Drilling

The diamond drilling will primarily target areas near the Main Shaft and Roscor Shaft with the aim of confirming and expanding mineralised zones previously identified through exploration. The programme is expected to characterise multiple shear-hosted gold zones over a defined strike length. Infill reverse circulation drilling will further assess the lateral continuity and depth extensions of these zones, supporting detailed mine planning efforts.

Data Utilisation and Mine Planning

Data obtained from the drilling activities will support geological modelling and inform scheduling decisions for mine development. By defining a mineable resource, Kavango aims to underpin the design and operation of mining infrastructure, including the placement and capacity of processing plants.

Operations at Bill’s Luck

Bill’s Luck contains several gold ore shoots, with the main shoot positioned near the Main Shaft. The project also involves the Roscor and West Shafts, where local contract miners are currently extracting ore. This ore is processed at the Hillside milling centre, providing valuable operational information to Kavango ahead of the drilling programme. The phased drilling approach marks a strategic transition from exploration to resource definition and scaling up production. Kavango Resources forms part of the FTSE All Share, reflecting its inclusion among UK-listed companies in the mining sector.

 

Frequently Asked Questions

  • What type of drilling is being used at Bill’s Luck?
    The programme includes diamond drilling for detailed mineral sampling and reverse circulation drilling to test lateral continuity along strike.
  • Where is Kavango Resources focused geographically?
    The company’s primary focus is Southern Africa, with current activities centred on the Hillside Project in Zimbabwe.
  • How will the drilling data be used?
    The data will support mineral resource modelling and guide mine planning and scheduling at Bill’s Luck.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next