Announcement Date: 2022-04-26
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Kingwest Resources ltd.
Project name: Menzies
Location: Australia
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Kingwest Resources Limited (“Kingwest” or “KWR”) is pleased to announce updated Mineral Resource Estimate’s(MRE’s) for the Pericles, Lady Shenton and Stirling deposits at the Menzies Gold Project (MGP) (Figure 1). These were based on additional RC drilling completed in 2021 that was not included in previous MRE’s. New drill intersections included 26m @ 4.56 g/t Au from 158m, including 2m @ 49.49 g/t Au from 169m in KWR2771 and 19m @ 2.15 g/t Au from 167m in KWR2741 . The MGP is located approximately 130km north of Kalgoorlie and is well serviced by infrastructure and within trucking distances of numerous treatment plants. The new estimates are presented in the Table 1 below using 0.5g/t Au cut offs except for Yunndaga which includes some Inferred resources above a 2.0g/t Au cut off at greater depths. Cube Consulting (Cube) was engaged by Kingwest Resources Limited (KWR) to update the Mineral Resource Estimate (MRE) for the Lady Shenton, Pericles and Stirling deposits. This was based on additional drilling completed at the project by KWR since the previous MRE’s in March 2021
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