Extra Goldfields gold sniffs for Kingwest

Perth-based explorer Kingwest Sources continues to make waves within the Goldfields of Western Australia with an preliminary aircore drilling marketing campaign on the Goongarrie gold undertaking returning important outcomes from three areas the place the corporate seems to have outlined a gold anomaly over 1,000 metres in strike size at Space 9. Additional drilling on newly recognized targets on the undertaking is deliberate for quarter two.

Situated within the world-renowned Goldfields of WA, Goongarrie lies some 90 kilometres north of Kalgoorlie and 40km south of Kingwest’s Menzies undertaking. Earlier this month the corporate introduced a useful resource enhance at Menzies, bumping the entire treasured metallic rely at that undertaking by 125,000 ounces of gold to a powerful 446,200-ounce whole.

The gold-rich Bardoc Tectonic Zone which totals over 90 million ounces of gold endowment in WA passes beneath a salt lake cowl at Goongarrie. In line with administration, previous explorers have ignored the world because of the salt lake cowl which may conceal any potential mineralised outcrops.

Kingwest lately accomplished a maiden 381-hole aircore drilling program for 10,683 metres throughout 5 targets on the undertaking. Vital gold outcomes have been returned for Targets A9 and A9 North alongside the southern borders of the tenure, along with Targets A5 and A6 within the central components of the landholding.

At Goal A9 on the southern edges of the undertaking, drilling has outlined a 1,200m lengthy by 300-metre-wide anomalous gold zone that’s open alongside strike in each northerly and southerly instructions. In line with administration, the prospect lies on the identical geological setting as ASX-listed Ardea Sources’ Aphrodite North gold discovery simply 200m to the south.

Earlier drilling by Kingwest at Goal A9 returned an eye catching 6m interval going 17.2 grams per tonne gold from 94m depth. Deeper drilling is required to get into the bedrock which is roofed by as much as 50m of sediments and reveals gold depleted weathering zones at shallower depth.

On the A9 North prospect close by, drilling has intersected a 200-metre-wide zone of anomalous gold. Deeper drilling to check the bedrock beneath the weathering zone and to the north and south is required now in line with Kingwest.

Some 10km to the north of A9, additional anomalous hits have been returned at Goal A5 and Goal A6.

A stand-out interval of 4m at 1.34 g/t gold from simply 6 metres was reported at A6 as a part of a broader 300m huge anomalous zone. The mineralisation stays open for 500m to the north and three,000m to the south in line with Kingwest. An extra gold anomalism was returned at A5 together with 4m at 0.35 g/t gold from 34m. Each targets require deeper drilling beneath the weathering zones.

Our exploration applications at Goongarrie proceed to point how potential the undertaking is for main gold deposits. We sit up for following up these outcomes with extra detailed drilling at Goal A9 in addition to preliminary drilling of Targets A1, A2, A3 and A10 which lie underneath the salt lakes within the north of the undertaking.

The corporate has now accomplished a high-resolution aeromagnetic research together with geochemical pitting on the western half of the Goongarrie Salt Lake, which in line with the corporate, was beforehand inaccessible. Strongly gold-anomalous drill targets A1, A2, A3 and A10 have all been pinpointed by Kingwest as doubtlessly profitable targets now with essentially the most engaging being A10.

In line with administration, the geological setting of A10 is just like the 6.4-million-ounce Kanowna Belle gold deposit 80km alongside strike in a south-easterly path that’s operated by gold mining behemoth, Northern Star Sources.

The corporate believes unusually excessive ranges of gold values in some pits, notably Kingwest’s most promising magnetically outlined lithostructural targets, could relate to underlying gold mineralisation. Drilling is because of check the A1, A2, A3 and A10 targets within the second quarter of this 12 months and outcomes will little doubt be extremely anticipated.

Kingwest continues to generate some compelling targets for follow-up drilling on this rolled gold mineral handle and all eyes will likely be centered on this rising explorer because the rods begin spinning once more within the upcoming quarter.

Is your ASX-listed firm doing one thing fascinating? Contact: matt.birney@wanews.com.au

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