Kingwest Resources Ltd (ASX:KWR) has delivered several high-grade gold intersections from recent diamond drilling, enhancing the large-scale gold potential at Sir Laurence prospect within the Goongarrie Gold Project in Western Australia.
Standout assays include:
- 1.09 metres at 4.95 g/t gold; and
- 5 metres at 4.8 g/t from 113.3 metres.
Meanwhile, at the office, Kingwest has appointed Gregory Bittar as executive chairman following the resignation of CEO ED Turner, to oversee the company’s renewed focus on its Menzies Gold Project.
Exploration shifted towards Menzies
Kingwest executive chairman Greg Bittar said: “The high recent rainfall in the Goldfields region has made access to drilling locations at Lake Goongarrie increasingly difficult and despite the encouraging results the exploration program has been suspended.
“Exploration activity will now be directed towards Menzies where we are drilling out the Selkirk deposit with the aim of bringing this orebody into production via our profit-sharing JV with BML Ventures.
“The Kingwest Resources board wishes to acknowledge the strong contribution of the company’s outgoing CEO, Ed Turner.
“During Ed’s tenure, Kingwest has substantially grown the resource inventory at the Menzies Gold Project and has also made the Sir Laurence gold discovery at the Goongarrie Gold Project. The board wishes Ed the best in his future endeavours.”
Menzies Gold Project
The Selkirk deposit is a discrete gold orebody within M29/154 in the Menzies Gold Project with a mineral resource estimate of 11,500 ounces at 2.15 g/t gold.
This drilling further supports the planned cut back of the pit shell and the decision to resume mining and processing. It also highlights the opportunity for further drilling at Menzies to delineate high-grade plunging lodes, as historically mined at Menzies.
Further targeted drilling has the potential to improve the grade, tonnage and gold inventory potential of the Menzies Gold Project.