Join our daily newsletter At The Bell to receive exclusive market insights
- Kingwest Resources (KWR) begins a 4000-metre diamond core drilling program at the Sir Laurence Gold Discovery in Western Australia
- Drilling will focus on the most prospective sections of the mineralised area which spans over two kilometres in a north-south direction and over one kilometre in an east-west direction
- Kingwest has also received all the gold results from its aircore drilling program with grades peaking at 1.3g/t gold and the multi-element and nickel results expected shortly
- Once all the results have been received, Kingwest will undertake a review in order to plan follow up exploration programs
- Shares in Kingwest are steady on the market and are trading at 17 cents
Kingwest Resources (KWR) has begun a 4000-metre diamond core drilling program at the Sir Laurence Gold Discovery in Western Australia.
Drilling will focus on the most prospective sections of the mineralised area which spans over two kilometres in a north-south direction and over one kilometre in an east-west direction.
Diamond core drilling was chosen because it is necessary to establish the primary structural controls and orientation of the quartz veins that host the gold mineralisation.
“We are very happy to commence diamond core drilling at the Sir Laurence Gold Discovery,” CEO Ed Turner said.
“Sir Laurence has excellent potential, with its litho-structural similarities to Kanowna Belle and the significant mineralisation already defined over such a large area.”
Kingwest has also received all the gold results from its aircore drilling program designed to test nickel sulphide targets outside of Sir Laurence.
The drilling primarily focussed on the Highway Ultramafic unit which extends for roughly 11 kilometres.
Best results include 16 metres at 0.7g/t gold from 32 metres including four metres at 1.3g/t gold from 44 metres, and four metres at 1.2g/t gold from 20 metres.
Assays are pending for multi-element and nickel mineralisation and are expected to be reported on in due course.
Once all the results have been received, Kingwest will undertake a review in order to plan follow up exploration programs.
“In addition, we are excited by the potential for further gold discoveries outside Sir Laurence, demonstrated by widespread gold in the highly successful first pass aircore drilling to the east,” Mr Turner continued.
“Most of these intersections were at shallow depth and away from paleo channels so follow up drilling can easily be planned and completed.”
Shares in Kingwest were steady on the market and were trading at 17 cents at 12:50 pm AEST.
