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Kingwest Resources ltd.
Summary
| Project: | Goongarrie | |
|---|---|---|
| Deposit: | Goongarrie Lady | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-4-2020: Kingwest Resources ltd. announces a Scoping Study report for its Goongarrie Lady deposit at the Goongarrie project. Scoping Study results incl. a production target of 150kt grading 3.12g/t Au. Kingwest Resources Ltd (ASX: KWR) (“Kingwest” or “t | |
| Resources: | ||
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Kingwest Resources Ltd (ASX: KWR) (“Kingwest” or “the Company”) is pleased to announce the completion of a Scoping Study at the Goongarrie Lady deposit, located approximately 40km southeast of Kingwest’s Menzies Gold Project (MGP) and 90km north of Kalgoorlie, next to the Goldfields Highway. In January 2020, Kingwest engaged an independent mining consultancy, to conduct a Scoping Study on the open pit mining and third-party toll treatment of the Goongarrie Lady gold Mineral Resource (Figure 1). Goongarrie Lady was mined in the 1990’s by Julia Mines NL, producing 29,000t of ore grading 4.5g/t Au. Mining ceased when heavy rain flooded the pit and caused wall instability at a time of low gold prices. Kingwest is focussed on the high-grade MGP where it is currently conducting diamond drilling with the aim of converting known high-grade Exploration Targets to Mineral Resources. Kingwest is evaluating options to rapidly commercialise, sell or partner Goongarrie Lady, given its favourable historic metallurgy, proximity to gold processing plants, advanced permitting status and low strip/high grade Production target. | |
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