Kingwest Has Extensional Drilling Success

High-Grade Hits Outside Scoping Study Shells

Kingwest Resources (ASX:KWR) has continued to intersect high grades outside of optimised pits in its extensional drilling programme at the Menzies Gold Project in Western Australia.

All composite drill results have now been received for drilling completed in 2021 although some single metre resplits remain pending.

None of thes drill results were included in the March Mineral Resource Estimates (MRE’s) which now total 446,200 ounces @ 1.26 g/t Au1 and some intersections also lie outside of the Scoping Study optimised pit shells.

Extensional and infill drilling at Menzies include these high-grade intersections include:

• 4m @ 7.7 g/t Au from 124m in KWR238 (composite sample)
• 3m @ 13.0 g/t Au from 121m in KWR239
• 6m @ 5.6 g/t Au from 108m in KWR272
• 2m @ 7.5 g/t Au from 49m in KWR254
• 2m @ 6.9 g/t Au from 65m in KWR265

CEO, Ed Turner, said the KWR238 and KWR239 grades are significantly higher than the proximal estimated resource block grades which precede these results.

He said that future updated MRE’s should therefore increase in grade as well as size as the intersections are well below the Scoping Study optimised pit shells and prove the potential for proving up future underground resources that can be accessed upon the completion of open pit mining.

 It also shows the potential that re-optimisation of the open pits with additional drilling into the gap between Pericles and Lady Shenton MRE’s will result in larger open pits and possibly the joining of the two open pits which will result in significant cost savings during the mining operations.

 “These high-grade results, including hits outside of the Scoping Study optimised open pit shells, give us great confidence that high grade underground resources can and will be proven up with additional deeper drilling. When additional drilling is integrated into future re-optimised pits there’s also a good chance of the pits being extended at depth and along strike.”

Menzies is one of Western Australia’s major historic gold fields. Located 130km north of of Kalgoorlie, the MGP covers a contiguous land package over a strike length in excess of 15km. Within the MGP a series of structurally controlled high-grade gold deposits have been historically mined and display extensive exploration potential for high-grade extensions. Modern exploration since closure over 20 years ago has been limited.

The MGP has recorded historical production of 643,200 oz @ 22.5g/t Au from underground (U/G) between 1895 and 1943 plus 145,000 oz @ 2.6g/t Au3 open cut between 1995 and 1999, for a total of 787,200 oz @ 18.9g/t1 Au.