RESOURCE STOCKS
Discovery crowns Kingwest's transition to gold producer
'All available personnel are on site'
Kingwest Resources
"Kingwest Resources Limited is a mining and exploration company focused primarily on gold exploration in the Eastern Gold Fields Region of WA"
Gregory Bittar , Non-executive Chairman, Kingwest Resources
Video Highlight
Kingwest Resources advances in the Goldfields
Overview
A new dawn for the historic Menzies gold camp is here
Kingwest Resources owns two highly prospective gold and nickel projects in the Eastern Goldfields or Western Australia due north of Kalgoorlie.
These are the Menzies Gold Project (MGP) AND THE Goongarrie Gold Project (GGP).
The MGP has recorded historical production of 643,200 oz @ 22.5g/t Au2 from underground (U/G) between 1895 and 1943 plus 145,000 oz @ 2.6g/t Au2 open cut between 1995 and 1999, for a total of 787,200 oz @ 18.9g/t2 Au.
The MGP is hosted within the Menzies Shear Zone. All deposits lie within granted Mining Leases and are 100% owned by KWR. Current JORC mineral resources total 505,100 oz @ 1.33 g/t Au3 using a 0.5 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.
At the GGP Kingwest has recently confirmed the discovery of a significant mineralised system with 5.0m @ 4.8 g/t from 113.3m in KGD004 included 2.3m @ 9.4 g/t Au at the Sir Laurence Gold Discovery in the first diamond core drilling programme within Lake Goongarrie.
Drilling will continue to test numerous targets within Sir Laurence which has to date defined significant bedrock gold mineralisation over an area approximately 2km by 1km wide.
Exclusive ResourceStocks Assets
62 aircore holes for 4,065m prove further extensions to Kanowna Belle style Sir Laurence Discovery
Kingwest owns 100% of the advanced Menzies Gold Project and the Greenfields Goongarrie Gold Project
First significant diamond drill core gold intersection at Sir Laurence confirms gold grade potential
Infill drilling completed by BML at the Selkirk Deposit has confirmed high-grade gold mineralisation
Drilling has begun at the Stirling Deposit to be followed by drilling at Pericles
Deans holds an MBA and tertiary qualifications as a geologist and mining engineer
JORC Mineral Estimates (MRE's) at Menzies increase to 505,100 ounces @ 1.3 g/t
Mining Proposal and Mine Closure Plan for the mining of the Selkirk Cutback open pit
Kingwest Resources and BML Ventures enter into an agreement for open pit and any underground mining
Infill drilling completed by BML at the Selkirk Deposit has confirmed high-grade gold mineralisation
The first assays received from the infill drilling programme have returned excellent results
Over 30kt of ore identified for processing in Q1 CY24
Inaugural diamond core drill testing of "Kanowna Belle-style" Sir Laurence gold targets commenced
11km of the nickel-fertile Highway Ultramafic unit to be tested at Lake Goongarrie
First pass aircore drilling targeting 11km of the nickel-fertile Highway Ultramafic unit completed
4,000m aircore drilling programme has commenced to test for extensions to the Kanowna Belle style
Selkirk Mining Planned for Q3 CY 2023
Diamond core drill testing of Sir Laurence gold targets has intersected bedrock gold mineralisation
Additional significant gold intersections, potential remains for large scale gold system
An offer to shareholders under a SPP to raise up to $1,500,000 for ongoing exploration at Goongarrie
Aircore drilling assays deliver significant gold to date highlighting high grade source potential
Sir Laurence diamond core drilling now making steady progress
A 1,000m infill RC drilling programme has been planned at the Menzies Gold Project
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