Kingwest Resources continues to hit gold at depth at its Menzies project 130km north of Kalgoorlie, after the ASX-listed company hit its deepest-ever intercept below the Princess May shoot, returning a metre at 25.4g/t gold from 731.5m. Kingwest said the result proves that gold mineralisation continues below level 21 at the underground workings beneath the historical Yunndaga open pit.
The company has continued to deliver a swag of outstanding drill results from its latest diamond drilling program at Menzies on the back of a recent resource upgrade to over 250,000 ounces of contained gold across its two projects in the area, the Menzies and Goongarrie projects.
According to Kingwest, it has now recorded over 30 intersections of more than one metre at better than 1.0g/t gold across its recent diamond drilling campaign along the strike of the Menzies project. A second rig has now been mobilised to undertake another round of RC drilling across other prospects along the Menzies mineralised corridor.
The company now has assays back from 14 diamond core hole extensions below pre-collars drilled back in April, across Yunndaga and the Lady Shenton deposit further to the south.
Kingwest said another solid result at Yunndaga was 0.8m at 33.5g/t gold from 108.2m and that included Yunndaga’s richest hit of a foot at over two ounces to the tonne gold from 108.65m.
Other notable hits at the Lady Shenton deposit were almost a metre going an ounce to the tonne gold from 172m and a metre at 9.11g/t gold from 375m.
The company said the recent results from Yunndaga and Lady Shenton complimented a 3m intersection at a stellar 158.4g/t gold from 180m at its First Hit deposit near the northern end of the Menzies corridor.
Management said the second RC drill rig will target Yunndaga and Lady Shenton again, including the latter’s newly discovered ‘Stirling Lode’. Stirling is a near-surface discovery with repeat, parallel structures that will now be targeted. Further diamond extensions are also planned at Yunndaga and Lady Shenton.
Kingwest Resources CEO, (Ed) Edward Turner said: “The Yunndaga deep drilling has considerably extended high-grade gold beneath the historic workings. Yunndaga is significant because it was the deepest and largest producing gold mine in the MGP, with underground production of over 270,000 ounces of gold at 16g/t. Our vision to prove that the MGP holds much more very high-grade gold is coming together and this is a very exciting time in the Kingwests’ evolution. The remaining wedge holes from the KWRD014 parent hole will further test this Exploration Target and lead towards the estimation of a Mineral Resource at Yunndaga.”
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