Kingwest Resources (ASX:KWR) - CEO, Ed Turner
CEO, Ed Turner
Source: Kingwest Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Kingwest Resources (KWR) recommences drilling at the Sir Laurence gold discovery within its Goongarrie gold project in Western Australia
  • The company says the new aircore drilling program has been designed to test for further extensions to Sir Laurence, which remains open in all directions
  • In the 2021 drilling program, significant mineralisation was intersected over a two-kilometre strike length with grades peaking at 1.4 g/t gold
  • Kingwest says a diamond drilling program will also be undertaken aimed at determining the three-dimensional controls of the mineralisation at Sir Laurence
  • KWR shares up 6.76 per cent to 19.8 cents

Kingwest Resources (KWR) has restarted drilling at the Sir Laurence prospect within its Goongarrie gold project in Western Australia.

The company said the new aircore drilling program totalling about 4,000 metres was aimed at testing for extensions to the Sir Laurence discovery, which it described as remaining open in all directions.

In its 2021 aircore drilling campaign, Kingwest said significant mineralisation was intersected on all 14 lines of drilling over a two-kilometre strike length.

Encouraging assays from Sir Laurence drilling to date include 16 metres grading 1.4 grams per tonne gold from 64 metres, 12 metres at 0.8 g/t from 64 metres and 12 metres at 0.7 g/t from 60 metres.

The results demonstrate the potential for further discoveries within the mineralised system as well as the potential for further extensions, according to the company.

“We are excited to recommence drilling at Sir Laurence as we believe we have not yet delineated the full extent of gold mineralisation there or indeed within the Goongarrie project area,” CEO Ed Turner said.

“In addition, the planned initial 3,000-metre diamond core drilling program is scheduled to commence in February 2022. This will be a critical program in delineating the primary mineralised controls within Sir Laurence so we will be in a position to potentially define economic¬†gold resources in the future.”

The diamond drilling will target the bedrock mineralisation encountered in the aircore programs.

KWR shares were trading 6.76 per cent higher at 19.8 cents at 12:26 pm AEDT.

KWR by the numbers
More From The Market Herald
The Market Herald Video

" Critical Resources (ASX:CRR) completes 5000m Mavis Lake drill program

Critical Resources (ASX:CRR) has completed the inaugural 5000-metre drilling program at its Mavis Lake lithium project…
The Market Herald Video

" Bubs Australia (ASX:BUB) to strengthen US infant formula supply under FDA framework

Bubs Australia (ASX:BUB) has expressed an interest in helping to diversify and strengthen the US infant…

" Los Cerros (ASX:LCL) reports “highly encouraging” metallurgical results for Tesorito

Los Cerros (ASX:LCL) has reported "highly encouraging" results from metallurgical testwork at the Tesorito deposit within…

" Chalice Mining (ASX:CHN) intersects new zone at Dampier, Julimar

Chalice Mining (ASX:CHN) intersects a new nickel-copper-platinum group elements (PGE) sulphide zone in initial drilling at…