Further High Grades Hits To Be Followed Up
Kingwest Resources (ASX:KWR) has further extended gold mineralisation by 200m at the Menzies Gold Project in Western Australia.
Highlights from Extensional Drilling at Menzies include: ➢ 7m @ 5.00 g/t Au inc. 3m @ 10.60 g/t Au from 163m in KWR296 and: ➢ 5m @ 2.35 g/t inc. 1m @ 7.55 g/t Au from 100m in KWR294 at Yunndaga
CEO, Ed Turner, said the results have extended mineralisation by 70m depth and 200m strike length from the current optimised pit shell
“Extensional drilling at Menzies continues to hit high-grade mineralisation well outside of current MRE’s and optimised pit shells showing the potential to significantly grow the economic resources and to prove up high-grade underground resources,” Mr Turner said.
Drilling was designed to continue to grow the Mineral Resources Estimate updated in March 2021, currently a total of 446,200 ounces @ 1.26 g/t Au.
At Yunndaga four holes (KWR294 – 297) were drilled for 780m. These holes were targeting depth and northern extensions to current MRE’s. The Yunndaga drilling was focussed on intersecting mineralisation below and along strike to the north from the current MRE outlines and optimised pit shell from the March Scoping Study.
The KWR294 significant intersection of 5m @ 2.35 g/t inc. 1m @ 7.55 g/t Au from 100m is approximately 200m north of the current open pit and the optimised pit shell. The 7m @ 5.00 g/t Au inc. 3m @ 10.60 g/t Au from 163m in KWR296 is approximately 100m deeper than the current pit and 70m deeper than the optimised pit shell from the March 2021 Scoping Study. High grade mineralisation remains open at depth and along strike as shown on the long section.
The pierce points for all long sections are represented as gramme metres (gm) which are calculated as the gold grade multiplied by the intersection width. This is equivalent to the “total metal” for the intersection which is critical when determining the potential economics of the lode along with the width or the grade of an individual intersection.
Results greater than 5gm are considered significant and potentially economic from an underground mining perspective. 2gm intersections may be economic for open cut mining depending on their location and waste to ore stripping ratios. At Lady Harriet seven holes (KWR287 – 293) were drilled for 1,236m. These holes were targeting depth extensions to current MRE’s.
The 1m @ 10.36 g/t Au from 166m in KWR291 is approximately 30m deeper than the current MRE outline. Note that the 10,000oz resource shape shown on the long section is only part of the total Lady Harriet MRE which totals 0.5Mt @ 1.5g/t Au for 23,290oz.
Next Steps Plan further extensional drilling at the Lady Shenton System. Recent drilling has returned some exceptional intersections below current MRE’s that appear to be part of high-grade shoots that remain open at depth within the Falconer/Granodiorite Lode. These include 2m @ 49.5 g/t Au, 3m @ 13.0 g/t Au and 2m @ 17.6 g/t Au.
For further information please visit: https://www.kingwestresources.com.au/
