- Kingwest Resources (KWR) intersects gold bedrock mineralisation from its inaugural drill testing of the Sir Laurence gold discovery within its Lake Goongarrie project in WA
- The company acknowledges it did not record “economic grades” of gold, but believes the intense sulphides and low-grade mineralisation across narrow quartz veins suggest a large mineralised system
- KWR is continuing with diamond core drilling at the Sir Laurence gold discovery, with follow up exploration programs planned to the east of gold discovery
- Shares in the company last traded at 9.2 cents each
Kingwest Resources (KWR) has intersected gold bedrock mineralisation from its inaugural drill testing of the Sir Laurence gold discovery within its Lake Goongarrie project in Western Australia.
The company acknowledged it did not record “economic grades” of gold, but believes the intense sulphides and low-grade mineralisation across narrow quartz veins suggest a large mineralised system.
A total of five holes have been drilled at the target to date, with two failing due to difficult ground conditions, and another underway.
Sulphide alteration, quartz veinlets, and gold levels increase eastwards on Line 5, which KWR interprets as a localised vector towards potential “significant” gold mineralisation.
KWR is continuing with its 4000-metre diamond core drilling program at the Sir Laurence gold discovery, with follow up exploration programs planned to the east.
CEO Ed Turner said he is excited to undertake further exploration work on the target.
“Sir Laurence retains the strong potential, due to its litho-structural setting, to host a large mineralised gold deposit,” he said.
“Kingwest continues to refine and define the exploration targets within the Sir Laurence gold system, which will be tested by the rest of this drilling programme and remains excited about their potential.”
Shares in the company last traded at 9.2 cents each.