Hits Deepest High-Grade Gold Intersection Yet
Kingwest Resources Ltd(ASX:KWR) has encountered the deepest gold intersection to date during its large exploration programme at the Menzies Gold Project (MGP) in Western Australia.
The company is undertaking ongoing diamond core drilling at the Yunndaga and Lady Shenton systems and has commenced f Reverse Circulation (RC) drilling of the Central Zone at the Menzies Gold Project.
Significant assay results include 1.03m @ 25.40g/t Au from 731.47m, which is the deepest hole drilled to date at Yunndaga, and the MGP.
CEO, Ed Turner, said this result is highly encouraging as it lies approximately 60m below the deepest workings at Level 21which have been sampled and show wide intersections of high-grade gold .
Results have reinforced the high-grade nature of gold mineralisation at Menzies and the open-ended nature of the gold deposits. Additional drilling is underway within the “Exploration Target” zone.
Mr Turner said that with the continued success of delineating gold mineralisation and a better understanding of the controls at MGP a second drill rig (RC) has been mobilised and has commenced drilling between Lady Shenton and Yunndaga and the newly discovered, near surface ‘Stirling Lode’ at lady Shenton.
This “Central Zone” was identified following a detailed interpretation of aeromagnetic data acquired in late 2019 as well as a full review of the extensive historic workings and geology and from increased understanding gained in KWR work to date. It has not been effectively drill tested previously.
“The Yunndaga deep drilling has considerably extended high-grade gold beneath the historic workings,” Mr Turner said.
“Yunndaga is significant because it was the deepest and largest producing gold mine in the MGP, with underground production of over 270,000 ounces of gold at 16g/t.
“Our vision to prove that the MGP holds much more very high-grade gold is coming together and this is a very exciting time in the Kingwests’ evolution. The remaining wedge holes from the KWRD014 parent hole will further test this Exploration Target and lead towards the estimation of a Mineral Resource at Yunndaga.” Kingwest also reported that diamond core extensions to 14 previously reported pre-collars have now been completed. These holes focus on two of the Exploration Targets within the MGP (Lady Shenton and Yunndaga). The third 2020 Target (First Hit) was tested with RC drill-holes only with assay results including 3m @ 158.40g/t Au from 180m.
