(Alliance News) - Kavango Resources PLC on Thursday said that it has received authorisation to export drill core samples from the Hillside gold project in Zimbabwe.
Kavango is a London-based, Southern Africa-focused metals exploration company. The Kalahari copper belt, which runs for nearly 1,000 kilometres from northeast Botswana to western Namibia, is a focus in the company's exploration plans.
Approval was granted to the current Hillside project owner by the Ministry of Mines and Mining Development in Zimbabwe. Accordingly, Kavango can export up to 2,500 kilograms of drill core samples for analysis, valid for three months.
The export will include the drillholes already completed by Kavango at Hillside, as well as any new holes.
"I would like to thank the Ministry of Mines and Mining Development for the support they have given us in working towards this goal. The growing strength of our relationship will enable us to make significant investment of funds and skills into Zimbabwe's emergent gold exploration sector," said Chief Executive Ben Turney.
"We look forward to working closely with the Ministry, over the coming years, to develop international-standard working practices in minerals exploration in Zimbabwe that will attract other companies into this space."
Kavango Resources shares were untraded at 0.90 pence each in London on Thursday morning.
By Holly Beveridge, Alliance News reporter
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Kavango Resources (KAV)