Additional Information
Market: ASX
Sector: General Mining
1 year chart
1 day chart
Aviva Corporation

Aviva Corporation (ASX: AVA) is listed on both the Australian Stock Exchange and the Botswana Stock Exchange.


In Africa, the company is exploring for gold and base metals. Aviva is earning a 90% interest in the Mmamantswe project in Botswana where it has outlined a 1.3Bt coal resource.


Aviva Corporation proves up geological model at Kakamega with further high grade gold hits

7th May 2012, 7:25 pm

Aviva Corporation (ASX: AVA) has confirmed the validity and predictive nature of the geological model at its Kakamega Gold Camp in West Kenya with the delivery of more high grade gold along the 30 kilometre contact.

The company has received assays from drilling on three prospects, with Bushiangala continuing to return high grade intercepts in most holes.

Importantly, mineralisation is being intersected where predicted by the geological model constructed by in-house and independent consultants. 

Notable intersections at Bushiangala include 1 metre at 17.1 grams per tonne (g/t) gold from 4.96 metres, 3 metres at 1.25g/t gold from 5.83 metres, 2.5 metres at 11.3g/t gold from 10.26 metres and 5.84 metres at 8.52g/t gold from 67.25 metres.

The hole that intersected 3 metres at 1.25g/t gold from 5.83 metres also intersected a 1.43 metre cavity at 8.83 metres from historical workings.

Meanwhile, drilling at Kimingini confirms the presence of shear hosted gold mineralisation.

Three zones of patchy mineralisation were intercepted between 172.56 and 187.8 metres. 

The best zone of 3.19 metres at 1.90g/t gold from 184.61 metres was diluted by a 0.77mb barren buck quartz vein.

A single diamond hole drilled into the Makutchi prospect has confirmed both the prospectivity of the area and results from reverse circulation drilling carried out late in 2011. 

Best results include 0.42 metres at 1.19g/t gold from 40.08 metres, 3.61 metres at 1.59g/t from 49.1 metres and 0.7 metres at 1.45g/t gold from 70.24 metres.

Next steps

Investor interest in Aviva is growing as it nears a maiden gold Resource at the Kakamega Gold Camp, which is scheduled for release in the first half of 2012.  

Work during early 2012 is focusing on drilling prospects at Kakamega with infill, down dip and extensional drilling at Bushiangala and Kimingini being prioritised. 

Aviva is in the process of sourcing additional diamond drill rigs for the project.

The company is also working together with drill contractors to construct and secure a small mobile rotary air blast/aircore rig for work at the project. 

The rig will be used to further define diamond drill targets, where artisanal and colonial mining, and anomalous gold-in-soil geochemistry, coincide with major reactivation structures and fluid pathways. 

These trends are host to a number of prospects which include Bukura, Bushiangala, Isulu, Ibwale, Shitole and Kimingini.

Aviva also anticipates ground induced polarisation/magnetic surveys to begin in late May/early June. 

These surveys will be used to map the sediment-volcanic contact within the structural corridors.

Strategic location

The Kakamega Gold Camp is located in the Tanzanian Craton, a region that hosts many multi-million ounce deposits and has an endowment of 48 million ounces of gold and growing. 

The Ndori Greenstone Belt that underlies the Kakamega licence areas is similar to other Greenstone Belts in the Tanzanian Craton, Canada and Western Australia. 

The Kakamega Gold Camp is situated about 150 kilometres north of Red Rock Resources’ (LSE: RRR) 1.2 million ounce Migori prospect and around 200 kilometres north of Barrick Gold Corporation’s (TSX: ABX, NYSE: ABX, LSE: ABX) operating 3 million ounce North Mara mine.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

No investment advice

Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".

You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here