Drilling Ongoing With Two Rigs In Action
Kingwest Resources Ltd (ASX:KWR) continues to expand its Menzies project in Western Australia with drilling within the Lady Shenton, Lady Harriet and Yunndaga Systems continue to return very high-grade gold grades.
Recent drill results include:
- 11m @ 7.13 g/t Au from 62m;
- 5m @ 11.72 g/t Au from 46m;
- 9m @ 6.00 g/t Au from 91m;
- 10m @ 4.42 g/t Au from 15m;
- 2m @ 20.71 g/t Au from 91m;
- 2m @ 16.16 g/t Au from 79m;
- 1m @ 26.78 g/t Au from 40m;
- 1m @ 22.42 g/t Au from 88m; and
- 3m @ 7.01 g/t Au from 81m; and
- 6m @ 3.62 g/t Au from 12m
CEO, Ed Turner, said drilling is ongoing with two drilling rigs on KWR projects. One RC drill rig continues drilling at Menzies Gold Project (MGP) whilst a second Aircore rig has commenced drilling at the Goongarrie Gold Project (GGP) which is located 40km south of Menzies.
“These results are very exciting because we are now seeing coherent zones of high-grade mineralisation that remain open ended and which expand the previously defined boundaries of the resources,” Mr Turner said.
“The drilling is still mainly only to a depth of 100m below surface. The discovery of blind, high-grade shoots, of the tenor mined by the early miners in the late 1890’s and early 1900’s, is exciting. The Yunndaga mine was exploited to a total depth of over 600m below surface which shows the extent of mineralisation in the field and the depth potential of all high-grade shoots at Menzies.
“The increased scale and higher grade of the identified gold lodes will translate to a resource upgrade scheduled for later in Q1 2021 when the campaign is completed, and all assays have been received.
“The shallow infill and extensional results obtained will be used to evaluate the immediate open-pit mining potential to determine the short-term economic potential of the resources. Additional deeper drilling will continue to evaluate the longer-term underground mining potential of the MGP deposits.”
Kingwest is in the process of completing Resource Definition drilling (infill and extensional) as well as exploration drilling at the MGP. This is designed to upgrade the category level and size of the Mineral Resource Estimates (MRE’s), which currently total 319,900 ounces @ 2.1g/t Au, which are currently mostly in the Inferred category, as well as to discover new gold lodes with the exploration drilling.
Within the Lady Shenton System an additional nine RC holes (KWR163 – KWR171) have been drilled for 768 metres at the Stirling Deposit. These holes were designed to follow up numerous very high- grade results reported on 11 November including 2m @ 37.71 g/t Au from 63m in KWR124, 1m @ 56.54 g/t Au from 56m in KWR123, 5m @ 9.83 g/t Au from 40m, inc 1m @ 38.75 g/t Au from 43m, in KWR122, 5m @ 4.26 g/t Au from 38m, inc 1m @ 16.15 g/t Au from 38m, in KWR118, 1m @ 21.99 g/t Au from 30m in KWR113, 1m @ 8.35 g/t Au from 26m in KWR115, 1m @ 6.30 g/t Au from 89m in KWR113 and 1m @ 6.23 g/t Au from 46m in KWR123.
KWR163 – KWR169 also returned significant high-grade intersections including 2m @ 16.16 g/t Au from 79m, inc. 1m @ 30.75 g/t Au from 79m in KWR165, 1m @ 26.78 g/t Au from 40m in KWR169 and 1m @ 22.42 g/t Au from 88m in KWR164.
Importantly Stirling is yet to be drilled below 100 vertical metres from surface and the potential for significant additional high-grade mineralisation extending to greater depths is high and will be drill tested in 2021.
Also within the Lady Shenton System an additional two holes were drilled at the Pericles Deposit for a total of 292 metres. Significant results include 2m @ 5.99 g/t Au from 70m from 70m in KWR187 and 1m @ 7.44 g/t Au from 131m in KWR186.
Drilling in 2020 has shown that Pericles has joined up with the historically mined Lady Shenton lodes although there is a fault between the lodes which offsets them slightly.
