Special Report: Kingwest Resources (ASX:KWR) recently defined +250,000oz of near-surface gold at Menzies and the nearby Goongarrie project, but that’s just the start. Tomorrow, the explorer begins deeper drilling into three very high-grade targets.

The Menzies project contains some of the highest-grade historic production in the Eastern Goldfields of WA, with the five underground mines producing 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.

The project also produced 145,000oz at 2.6g/t between 1995 and 1999 from an open pit mine.

And yet modern exploration over the area has been limited since mining ceased at Menzies over 20 years ago.

A new 4700m diamond drilling program will focus on finding more high-grade gold in and below the existing Yunndaga, Lady Shenton and First Hit gold mines.

Each of these gold systems are between 1.2km and 1.8km long, Kingwest says, and include multiple shear zones hosting high-grade gold deposits.

The program will take about 7-8 weeks to complete.

Earlier this month the explorer released a combined exploration target of between 388,800t – 716,050t grading between 13g/t and 23g/t below these historical underground workings. That’s a potential resource of up to 580,000 ounces.

24-reverse circulation (RC) drill holes, including 14 pre-collars for the diamond core drilling, have already been completed for 3,402m metres at the three target areas, with assay results due to be released within the next two weeks.

>> 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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