Kavango Resources Share News (KAV)

IN BRIEF: Kavango touts indicated gold at Nara project in Zimbabwe

Kavango Resources PLC - Southern Africa-focused metals explorer - Reports indicated mineral resource at an average of 0.62 grammes of gold per tonne at the Nara gold project in Zimbabwe, for a total of 5,860 ounces gold contained. Further, notes an inferred resource of 11,900 tonnes at 0.66 grammes of gold per tonne for a total of 253 ounces. Chief Executive Officer Ben Turney says: "While our primary objective is to discover larger-scale, bulk minable gold deposits, the 6,000 ounces of gold in the main tailings dump present an early opportunity for commercialising this project." He adds: "We will now commence metallurgical test work to optimise plant design to enable future gold production."

IN BRIEF: Kavango begins IP surveys at Hillside project, Zimbabwe

Kavango Resources PLC - Southern Africa-focused metals explorer - Says it has begun its IP surveys over four prospects at its Hillside gold project in Zimbabwe. Says the surveys are designed to identify sulphide bodies associated with high-grade gold-bearing shear structures related to historic and artisanal workings. Adds that four diamond core holes have been completed for a total of 1,306 metres at four prospects at Hillside, noting that visual observations from the cores are "encouraging". The samples are awaiting export permission for assay testing. An additional 1,400m of diamond drilling is planned to test targets identified by the current IP survey programme and extend intersections observed in recent drilling. Chief Executive Officer Ben Turney says: "IP surveys can be used to map underground metal mineralisation that is associated with gold. This can be a powerful exploration tool to plot the extent of possible ore bodies. The extra IP data will help guide future drilling, by providing Kavango with focused target areas."

TRADING UPDATES: Microsaic completes acquisition; Narf revenue soars

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Kavango agrees call option extension for Hillside project

Kavango Resources PLC - Southern Africa-focused metals explorer - Agrees with sellers of Hillside project in Zimbabwe to extend the period for exercise of the option by 90 days. Parties entered original agreement on July 25 with an initial six-month term, with expiration on Wednesday.

TRADING UPDATES: Patent boosts for DG Innovate and Arecor Therapeutics

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

TRADING UPDATES: Aura eyes Tiris expansion; Kavango backs Pambili

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday and not separately reported by Alliance News:

IN BRIEF: Kavango rises on prospect licences acquisition in Botswana

Kavango Resources PLC - Metals exploration company with assets in Botswana and Zimbabwe - Acquires a 90% working interest in six prospective licences in Botswana's Kalahari copper belt for AUD1.5 million, or around GBP784,515, from Global Exploration Technologies (Pty) Ltd. Says it will pay GET two further instalments of AUD500,000 within 90 days and 180 days of the acquisition's completion. Says purchase provides Kavango with an extensive single contiguous project area in the Kalahari copper belt which covers 7,629 square kilometres. Chief Executive Officer Ben Turney comments: "These new licences grant us complete control of a contiguous, prospective system in an underexplored section of the KCB, a proven copper/silver region that hosts numerous mines and deposits."

Power Metal still likes Kavango but sells all shares back to execs

(Alliance News) - Power Metal Resources PLC on Monday said it sold its entire holding of 69.5 million shares in Kavango Resources PLC, but stressed that this "does not reflect any negative view" of the company.

UK shareholder meetings calendar - next 7 days

Kavango Resources to acquire six prospecting licences in Botswana

(Alliance News) - Kavango Resources PLC on Monday said it has signed a deal with Global Exploration Technologies Ltd to acquire six new prospecting licenses.

TRADING UPDATES: Menhaden net asset value up but Marble Point's slips

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

Kavango signs option to acquire two gold exploration projects

(Alliance News) - Kavango Resources PLC on Tuesday said it has signed an exclusive six-month option to acquire two gold exploration projects in southern Zimbabwe.

IN BRIEF: Kavango Resources finds no sulphide in Kalahari drilling

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Announces it has completed hole KSZDD003 within the Kalahari suture zone north project. Explains KSZDD003 is aimed to test the B1 Conductor drill target, which was previously identified by survey data. Reports KSZDD003 was successfully drilled to a depth of 606.00 metres. The hole passed through a sedimentary sequence and two intrusive bodies, thought to be of Karoo age. No sulphide was intersected.

IN BRIEF: Kavango Resources signs two year Zimbabwe gold project deal

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Signs exclusive two year option to acquire a gold exploration project in Matabeleland, southern Zimbabwe. Kavango Resources says that the Nara project has 45 contiguous gold claims, and believes it has potential to host a bulk mineable gold deposit. Says the Nara Project has generated approximately 150,000 to 250,000 tonnes of tailings, which presents a separate opportunity for near-term revenue generation.

IN BRIEF: Kavango Resources completes GBP1.4 million fundraise

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Says it has raised GBP1.4 million through the issue of 140.0 new shares at a price of 1 pence each. Notes that it has completed stage one of its two-stage equity investment. Says the funds from the stage one subscription will contribute to the company's general working capital, as well as help fund proposed exploration work and provide finance for possible acquisitions.