100% Kavango (subject to exercise of option)
Bulk mineable gold deposit
The Nara Project is located in the Matabeleland South area near the Zimbabwean city of Bulawayo. The licences are hosted in a package of metasediments and intersected by a regional shear zone with >4km of strike potential.
Nara covers four historic underground mines with a total recorded production of 92,000oz gold. The average grade of ore mined was 9.76g/t. These historic mines also produced credits of tungsten and silver.
The Project has also supported continuous surface small-scale mining and custom milling over the last 30 years. This has generated an estimated 150,000 to 250,000 tonnes of tailings, which present an opportunity for potential near-term revenue generation.
Schematic of historic underground mine workings at Nara
Given its size, regional geological setting, high-grade underground potential, and sustained small-scale mining activity, Kavango believes the Nara Project holds considerable prospective potential for a modern commercial bulk mining gold operation.
The Company has entered a two-year exclusive binding option to buy all 45 of the claims covering the property. It is now completing a due diligence exploration programme that will include but not necessarily be limited to:
- Surveying historical tailings
- Assessing the historic mine shaft and possible underground drilling and channel sampling (subject to safety)
- Soil geochemical surveying along the strike extent
- Scout drilling to test artisanal workings/shafts
- Other drilling and surveying, as budget permits