Special Report: A ~25g/t gold intercept 731.47m from surface proves the high-grade gold runs a lot deeper at Kingwest’s (ASX:KWR) historic Menzies gold project.

At the historic Menzies project (MGP) in the Eastern Goldfields of WA, five underground mines produced between 16 grams per tonne (g/t) and 32g/t gold over their respective life of mine for a total of 650,000oz at 22.5g/t.

And yet modern exploration over the MGP has been limited since mining ceased over two decades ago.

Fresh gold hits by Kingwest, 60m below the deepest workings at the Yunndaga mine, reinforces the high-grade and open-ended nature of these old gold deposits.

This hole was also the deepest ever drilled at the MGP.

The Yunndaga deep drilling has considerably extended high-grade gold beneath the historic workings, Kingwest chief exec Ed Turner says.

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,” he says.

“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.”

Two more diamond core holes will be drilled beneath the Princess May workings at Yunndaga. These are expected to be completed in the next two weeks.

Additional drilling is now underway in the 200,000oz ‘exploration target’ zone below the historic workings.

A second rig (RC) has been mobilised and has commenced a 4000m drilling program between Lady Shenton and Yunndaga and the newly discovered, near surface ‘Stirling Lode’ at Lady Shenton.

This Central Zone has not been effectively drill tested previously, the company says.

NOW WATCH: 90 Seconds With…Ed Turner, Kingwest Resources

 

This story was developed in collaboration with Kingwest Resources, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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