Gold: Kingwest serves up high grade gold hits at Menzies
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Kingwest Resources’ (ASX:KWR) first holes at the Menzies gold project, about 130km north of Kalgoorlie, have returned high grade gold results that lend credence to the company’s ‘narrow-lode high-grade’ mineralisation model.
Notable results from the Selkirk and Pericles deposits to date are 4.92m at 8.44 grams per tonne (g/t) gold from a depth of 125.72m, and 2.3m at 8.36g/t gold from 105.7m.
Anything above 5g/t in generally considered high grade.
The company said the mineralisation model is similar to that of the successful East Kundana mine, 25km northwest of Kalgoorlie.
It plans to follow up the results with step-out drilling to define extensions to the high grade mineralisation at the two deposits. Drilling has also started at the Yunndaga deposit.
Menzies is a historical gold mine that produced 643,200 ounces of gold at a grade of 22.5g/t from underground mining between 1895 and 1943 and a further 145,000 ounces at 2.6g/t gold from open pit mining between 1995 and 1999.
Focus Minerals (ASX:FML) has penned in a maiden resource of 2.6 million tonnes grading 2.24g/t gold — for 191,900 ounces — at the Beasley Creek deposit in WA’s north-eastern Goldfields region.
The resource includes 35,400 ounces in the higher confidence ‘indicated’ category and will form a key part of the company’s proposed production pipeline for the first stage of its Laverton gold project.
Beasley Creek also appears to have favourable metallurgical characteristics that could make gold extraction a snap.
Test work delivered 92 per cent recovery of gold from Beasley Creek ore within just two hours of leaching, which is used to separate valuable minerals from waste rock.