Announcement Date: 2022-07-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Kingwest Resources ltd.
Project name: Lake Googarrie
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 5.0m @ 4.8g/t Au from 113.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Assays have been received for two additional diamond core holes (KGD003A and KGD004) in the inaugural diamond core drilling program that is testing the Sir Laurence Gold Discovery at Lake Goongarrie (Figure 1). KGD003A was drilled with NQ core to 418.3m and KGD004 with NQ core to 339.4m. Assays have yet to be received for KGD004 below 263m. The rig has now commenced drilling hole KGD005 within Target 8 and is currently at 73m depth. Exploration targeting will continue to be reviewed as new results come in. This will focus drilling 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. DISCUSSION OF RESULTS The highest-grade zone of this gold intersection (13.87 g/t Au) occurs as a 1.2m thick quartz vein with minor chlorite, pyrite and arsenopyrite, which lies within a broader zone of finely disseminated pyrite and arsenopyrite and lesser quartz veinlets (Figures 2 and 3). The orientation of the major vein is northeast-southwest.
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