4,000m To Be Initially Drilled At Lady Shenton, Lady Harriet And Yunndaga
Kingwest Resources Ltd (ASX:KWR) has resumed extensional RC drilling at the Menzies Gold Project in Western Australia targeting high-grade extensions to current mineral resources.
4,000m of drilling is planned to be initially drilled at the Lady Shenton, Lady Harriet and Yunndaga Systems, with all drilling targeting areas deeper than current 446,000 oz Resource,
CEO, Ed Turner, said RC drilling comprising 1,200 metres at Goongarrie will follow to better test depth and strike extensions to aircore discovery that included 38m @ 3.1g/t Au from 62m in hole KGA0382
“Now that we have proved up significant near surface MRE’s at Menzies and the economic case for mining them in our Scoping Study completed in March 2021 it is time to pursue deeper high-grade extensions that could be included in future underground MRE’s,” Mr Turner said.
“Our extensional drilling already completed has intersected numerous very high- grade mineralised zones that warrant more extensive drilling.
“Follow up RC drilling at Goongarrie to better test the exceptional high-grade mineralisation intersected in KGA038 in the first pass aircore drilling is also eagerly anticipated.
“We also wait on the availability of a track mounted aircore rig to test the high priority targets that lie under the northern part of Lake Goongarrie which have never been drilled. This is expected to commence in early July and will comprise 3,500m of drilling.”
Menzies is one of Western Australia’s major historic gold fields. Located 130km north of the globally significant gold deposits 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 Au open cut between 1995 and 1999, for a total of 787,200 oz @ 18.9g/t Au.
The MGP is hosted along the Menzies Shear Zone. All deposits lie within granted Mining Leases and are 100% owned by KWR. Current mineral resources total 446,200 oz @ 1.26 g/t Au using a 0.5 g/t Au cut- off or 315,500 oz @ 1.83 g/t Au using a 1.0 g/t Au cut-off.
Importantly the MGP lies on the Goldfields Highway, has power and water and is within trucking distance of numerous Gold Processing Plants.
