Kingwest Resources (ASX:KWR) - CEO, Ed Turner
CEO, Ed Turner
Source: Bulls N’Bears
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  • Kingwest Resources (KWR) has received the first assay results from its inaugural aircore drilling program at the Goongarrie Gold Project in WA
  • All up, 381 holes were drilled at multiple targets across the project area with the highest-grade result reaching 17.21g/t gold
  • An additional 273 wide-spaced holes were drilled to test in-situ material beneath the widespread overburden
  • Several intervals were sampled and submitted for multi-element analysis, however, results are yet to be received
  • Kingwest has ended the day 5.41 per cent in the green with shares trading at 19.5 cents each

Kingwest Resources (KWR) has received the first assay results from its inaugural aircore drilling program at the Goongarrie Gold Project (GGP).

The GGP lies 90 kilometres north of Kalgoorlie in Western Australia and sits within the Bardoc Tectonic Zone. It covers 125 square kilometres and has a strike length of more than 25 kilometres.

All up, 381 holes, for 10,683 meters, were drilled at multiple targets across the project area.

Of this, 108 holes were drilled to test the regolith profile to the top of fresh rock and multiple holes intersected significant gold mineralisation.

Best results include 38 metres at 3.11g/t gold from 62 metres including six metres at 17.21g/t gold from 94 metres, and eight metres at 1.34g/t gold from 74 metres including four metres at 2.5g/t gold from 74 metres.

An additional 273 wide-spaced holes were drilled to test in-situ material beneath the widespread overburden.

Several intervals were sampled and submitted for multi-element analysis, however, results are yet to be received.

“We are very excited with these results from our first pass drilling at Goongarrie which prove that our expectations were well founded and auger well for future success,” CEO Ed Turner commented.

“To intersect such high-grade results in our first drill program is very encouraging and justify Kingwest devoting additional drilling to the GGP in 2021,” he said.

“I look forward to receiving the remaining drill results over the next few weeks and planning follow-up aircore and reverse circulation drilling to better test the mineralised zones and to search for extensions to these zones,” he added.

Kingwest has ended the day 5.41 per cent in the green with shares trading at 19.5 cents each.

KWR by the numbers
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