Announcement Date: 2021-11-16
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Kingwest Resources ltd.
Project name: Goongarrie
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 28m @ 1.9g/t Au from 20m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: 80 holes (KGA0615 – O694), have been completed in the current aircore drilling program for 6,064m (Figure 1). Assays have been received for 29 holes (KGA0615 – KGA0643 from Lines A, B and C (Figure 1) with the remainder pending. 13 more aircore holes are planned at Sir Laurence in the current programme to the north of Line I. Drilling to date, which started on Line A, 800m to the south of Line 5, has intersected significant results in 10 holes including 28m @ 1.9 g/t Au from 20m in KGA0627 and 8m @ 2.2 g/t Au from 12m in the adjoining KGA0626 on Line A (Figure 2). Mineralisation in KGA0627 is partly in the conglomerate bedrock and partly in the overlying sediments. This mineralisation appears to be along strike from the mineralisation intersected on Line 51 , 800 metres to the north and therefore indicates the potential for a large mineralised system. Assays have also been received from Lines B and C with additional significant intersections in 8 holes including 16m @ 0.18 g/t Au from 60m (alluvial) over 7m @ 0.16 g/t Au from 76m (bedrock) in KGA0632, 4m @ 0.60 g/t Au from 80m in KGA0639 and 4m @ 0.19 g/t Au from 64m in KGA0642. All significant intersections are listed in Table 1 and drill hole information in Table 2.
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