Kingwest Resources’ drilling program produces strong gold results, new mineralisation zone identified
Initial drill results from the Crawford and Emperor gold projects are welcomed by Kingwest Resources.
Recently-listed exploration company Kingwest Resources (ASX: KWR) has reported strong initial results from aircore drilling, including the discovery of a new zone of gold mineralisation, at its Crawford and Emperor gold projects near Kalgoorlie in Western Australia.
The new zone was intersected at the Gilmour Dolerites, 4 kilometres west of Emperor, and returned rock chip sampling values greater than 0.1 parts per million gold and up to 1.16ppm gold, associated with anomalous levels of pathfinder elements such as silver, copper, zinc, arsenic and antimony.
Kingwest has previously regarded the Gilmour prospect as a “high priority target with very good prospectivity”, and plans follow-up sampling in the area before year end.
Crawford drilling
At Crawford, a program of 24 angled aircore holes for 1204m was completed, with 12 returning anomalous to ore-grade gold results in initial 3 metre composite assaying.
The holes were drilled to the east of an inferred JORC resource of 3.34 million tonnes at 0.96 grams per tonne gold for 104,000 ounces contained gold, close to surface and open at depth and along strike.
Best results included a high-grade interval of 7m at 13.04g/t gold from 42m, which Kingwest said was “particularly encouraging”, with mineralisation present to the end of hole at 49m.
Also returned were results of 3m at 1.14g/t gold from 33m, and 6m at 0.65g/t gold from surface. Drilling beyond the northern margin of the Crawford resource area returned 3m at 0.60g/t gold from 24m.
A new area of mineralisation was detected 200m to the east of the existing resource, with best results being 6m at 2.15g/t gold from 24m, and 3m at 1.04g/t gold from 12m.
“It is intended that upon completion of assaying, that [the] mineralised material will be retained for metallurgical test work,” the company said.
Emperor Structure
A program of 75 holes drilled for 5383m along the projected trend of the Emperor Structure yielded equally strong results.
Drilling located anomalous intercepts including 6m at 0.54g/t gold from 27m, 3m at 0.42g/t gold from 30m, 6m at 1.01g/t gold from 60m, and 6m at 0.83g/t gold from 63m.
It intersected a well-developed residual ferricrete and calcrete horizon up to 40m thick, overlying dolerite and minor sandstone.
Ferricrete thickness and weathering was found to increase to the south-east.
Multiple holes also intersected evidence of shearing and quartz veining, proving the Emperor Structure is present as a shear zone of significant width.
Recent listing
Kingwest was admitted to the ASX in August, after an oversubscribed IPO raised $5 million via the issue of 25 million shares at $0.20 each.
The junior aims to commercialise opportunities from prospective geological anomalies which have not yet been properly explored or developed, but which are in close proximity to proven mining projects by junior and mid-tier operators including Dacian Gold (ASX: DCN), Saracen Mineral Holdings (ASX: SAR) and Red 5 (ASX: RED).
Kingwest holds a total tenement package of 935.77 square kilometres – currently considered one of the largest in the region and inclusive of tenements under option.
In September, the company reported multiple high-grade results from reconnaissance drilling at historic workings associated with its King of the West tenement, located midway between Crawford and Emperor, citing values of 168ppm gold (with 45ppm silver) and 59.4ppm gold.
At mid-afternoon, shares in Kingwest Resources were steady at $0.195.