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Kingwest Resources ltd.
Summary
| Project: | Menzies | |
|---|---|---|
| Deposit: | Warrior | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-3-2020: Kingwest Resources ltd. announces a Resource Estimation report for its Warrior deposit at the Menzies project. Updated Mineral Resource Estimate for the Warrior prospect. Kingwest Resources Limited (“Kingwest” or “KWR”) is pleased to announce a | |
| Resources: | (Resources, Inf.): 127kt @ 2.3g/t Au | |
| CP/QP: | [Resources]: Peter Spitalny (Not stated) | |
| ABSTRACT: | Kingwest Resources Limited (“Kingwest” or “KWR”) is pleased to announce an updated Mineral Resource Estimate’s (MRE’s) for the Lady Harriet – Bellenger - Warrior System and Selkirk Prospects at its Menzies Gold Project (MGP). The new estimates are presented in the Table 1 below. Resources at Lady – Harriet -Warrior have increased by 35% since the previous estimate in March 2016. Selkirk was not previously reported. The Warrior and Bellenger Resources are shallow extending from near surface to 120 metres below surface and have potential to be exploited as open pits. Resources estimated at Selkirk and Lady Harriet extend below previously mined shallow open pits and may be able to be mined via pit cut-backs. KWR plans to undertake pit optimisation and economic studies in the coming months to evaluate the potential for open pit mining of these resources. Kingwest CEO Ed Turner commented that “We are very pleased to continue to continue to increase our near surface gold resources whilst at the same time we target deeper higher-grade resources. We are investigating profit share arrangements with third parties to potentially mine these shallow resources while we focus on the higher-grade deeper targets.” | |
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