Kingwest Resources has returned “bonanza gold grades” from the final drill holes at the Menzies project in the Goldfields region in Western Australia.
The final assays from First Hit Prospect drilling confirmed very high gold grades, including a 2.48 metre intercept at 23.22 grams per tonne of gold from 121.52 metres.
Kingwest successfully diamond drilled five Menzies prospects, including Selkirk (21.1 grams from 105.7 metres), Pericles (41.5 grams from 125.27 metres), Yunndaga (40.7 grams from 99.65 metres), Lady Shenton (21.5 grams at 291.50 metres) and First Hit (57.6 grams from 121.52 metres).
After carefully reviewing its 2-10 results and combining the results with the recent detailed aeromagnetic survey, Kingswest plans to follow-up drilling in 2020, aiming to increase the grade and width of gold intercepts drilled.
Compared with other deposits of similar geographical and mineralisation makeup at producing gold mines such as Northern Stars and East Kundana, the results compare favourably at this early stage.
Kingswest chief executive officer Ed Turner was pleased with the success of Menzies’ first modern focussed test delivering high grade gold at every target area.
“This places our company on an exciting platform going forward,” Turner said.
“Our team is very excited at the prospect of targeting possible extensions to the known high-grade shoots early in the new year.
“In addition, we have many as-yet untested prospects that also deserve attention.”
Being located on the Goldfields Highway, close to several gold processing plants and serviced by water and power, Kingwest believes Menzies has the potential to become a rapid and low capital cost development of a high-grade mining operation.
Kingwest is determining which targets yet to be tested will also need to be considered for 2020 drilling.