Announcement Date: 2022-04-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Kingwest Resources ltd.
Project name: Lake Googarrie
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 16m @ 0.7g/t Au from 32m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Kingwest has commenced an inaugural 4,000m diamond core drilling program to test the Kanowna Belle style Sir Laurence Gold Discovery, using a customised track mounted lake rig (Figures 1 and 2). Drilling will focus initially on the most prospective sections of the mineralised area, which extends for over 2km of strike in the N-S direction and over 1km across strike in the E-W direction. Diamond core drilling is necessary to establish the primary structural controls and the orientation of quartz veins that are interpreted to host the gold mineralisation in the fresh rock beneath the paleochannel sediments (Figure 3). In addition, all gold assays have now been received from the program of 223 nickel aircore holes (KGA0815 – KGA1033) reported to the ASX on 21 March 2022. This program was designed to test Nickel Sulphide targets outside of the Sir Laurence Discovery area but also some litho-structural targets considered prospective for gold. It was primarily focussed on the Highway Ultramafic unit which extends for approximately 11km within Kingwest’s tenements.
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