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Kingwest Resources ltd.
Summary
| Project: | Menzies | |
|---|---|---|
| Deposit: | First Hit | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-3-2020: Kingwest Resources ltd. announces a Resource Estimation report for its First Hit deposit at the Menzies project. Exploration target for the First Hit Prospect. Kingwest Resources Ltd (ASX: KWR) (“Kingwest” or “the Company”) is pleased to announ | |
| Resources: | Exploration target: 72.9-145.8kt @ 16-32g/t Au | |
| CP/QP: | [Overall Report]: Peter Spitalny (Not stated) | |
| ABSTRACT: | Kingwest Resources Ltd (ASX: KWR) (“Kingwest” or “the Company”) is pleased to announce that it has developed Exploration Targets that are currently being drilled (ASX announcement 4 February 2020) for the main mineralised systems within the Menzies Gold Project (MGP). There are numerous other shallow, blind, extensional and geophysical targets not being tested in this programme. The Company has sought to use understanding gained from the 2019 drilling campaign to focus on what it believes to be the highest priority areas in the short-term. An initial ~8,300 metre Reverse Circulation (RC) and Diamond core (DD) drilling programme, currently in-progress, is testing these Targets within the Yunndaga, Lady Shenton and First Hit systems. This initial drilling programme is projected to finish in late May 2020 but, depending upon results, may be extended. The initial programme is approximately as follows. The drilling being completed in this campaign includes testing of some near-surface mineralisation but mainly focusses upon testing of deeper Exploration Targets. These deeper Exploration Targets are comprised of the predicted continuation of high-grade gold mineralisation below historical underground workings at three of the project’s larger gold deposits. The Exploration Targets are quantified below in Table 1: | |
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