- Kingwest Resources (KWR) is doubling its 2022 drilling program at its Goongarrie Gold Project in WA on the back of the latest results from the Sir Laurence discovery
- Assays from the second round of aircore drilling have returned gold grades on every line over more than 2 kilometres strike length and up to 500 metres across strike
- Kingwest also noted an intersection of 8 metres at 5 grams per tonne (g/t) gold from a regional hole to the west of Sir Laurence, which it says shows potential of a new discovery
- The next drilling program will aim to determine the controls and the extent of the mineralisation
- Company shares have been trading 11.1 per cent higher at 20 cents
Kingwest Resources (KWR) has doubled its 2022 drilling program at its Goongarrie Gold Project in WA on the back of the latest results from the Sir Laurence discovery.
The second round of aircore drilling has returned assays with significant gold grades on every line over more than 2 kilometres strike length and up to 500 metres across strike.
The program comprised 107 holes at Sir Laurence and 32 regional holes over the wider project area.
According to company CEO Ed Turner, the last four lines at the northern end of Sir Laurence returned best results in the last hole of the line at the eastern end which he said indicates mineralisation is wide open there as well as to the north and west.
Moreover, one of the regional holes located 1.5 kilometre to the west of Sir Laurence returned 8 metres at 5 grams per tonne (g/t) gold from 12 metres, which the company said indicates a potential new gold discovery.
Consequently, Kingwest has doubled its planned diamond core drilling program which is to commence in January, to comprise a minimum of 2500 to 3000 metres of drilling.
This work will aim to determine the three dimensional controls of the primary mineralisation. Specifically, the diamond holes will target the bedrock mineralisation already encountered in both aircore programs.
Kingwest said this program will be extended as required depending on the results.
Additionally, a further 4,000 metres of aircore drilling is planned at Sir Laurence to continue testing for extensions to the mineralisation as it has not yet been closed off in any direction.
The company has secured a new customised drill rig ,which it said will be more suitable to the lake conditions, after the first diamond core rig became continually bogged and could not complete any of the planned drilling.
Shares were trading 11.1 per cent higher at 20 cents at 11:44am AEDT.