Accelerate Resources targets gold discovery with high-impact drill prospects at Kanowna East

Accelerate Resources (ASX: AX8) has identified three new high-impact targets at its newly acquired Kanowna East gold project near Kalgoorlie in Western Australia.

The company generated the targets after it applied advanced techniques to the geological re-interpretation and data analysis of field work completed in February.

Accelerate is now progressing with regulatory approvals and a heritage survey in the lead-up to a maiden reverse circulation and aircore drilling campaign at Kanowna East later this quarter.

Gold strategy

Accelerate acquired a 70% interest in Kanowna East earlier this year from Metal Hawk (ASX: MHK) as part of its new gold exploration strategy.

The project, which is strategically located near major gold mines including Kanowna Belle and the Kalgoorlie Super Pit, highlights Accelerate’s commitment to gold as a key commodity going forward.

The company selected the project area after rigorous evaluation and due diligence, with an emphasis on highly prospective but underexplored terrains and the opportunity for the fast and low-cost transformation of these discoveries into gold producers.

New targets include extensions to a 600 metre-long palaeochannel and the discovery of a bedrock source at the Western Tiger prospect, as well as a series of regional-scale gold targets based on untested anomalies.

Historic assays

Metal Hawk’s past reverse circulation drilling at Kanowna East delivered significant palaeo-surface gold assays including 4m at 17.7 grams per tonne gold from 75m and 5m at 0.52g/t gold from 100m.

Historic rotary air blast drilling at the same prospects returned assays of 3m at 7.1g/t gold from 55m, 6m at 3.4g/t gold from 24m, 5m at 2.7g/t gold from 50m and 5m at 4.8g/t gold from 65m.

The company believes these results are highly anomalous, with significant potential for undercover palaeo-surface and basement gold mineralised systems.

Significant progress

Accelerate chief executive officer Luke Meter said the company had made significant progress at Kanowna East since completing the acquisition in January.

“Our technical team has utilised numerous additional drill hole datasets, multi-element and geophysical data to refine our understanding of the project’s underlying geology, structure and alteration to a new level,” he said.

“This has enabled our first round of priority drill targets to be defined and we expect they will form part of a larger evolving pipeline of targets aimed at maximising the potential for gold discovery.”

Accelerate has lodged programs of works, requested a heritage survey and expects drilling will commence in Q2 2025.