ASX:KWR

Sir Laurence Gold Discovery Grows To Over 1km Strike Length: AC Drilling Completed And Diamond Core Drilling Underway

Kingwest Resources Limited (ASX:KWR) CEO, Ed Turner commented:

To get significant gold intersections, including bedrock mineralisation, on every line drilled to date at Sir Laurence is exceptional. To date these cover a strike length of 1km and mineralisation is open in all directions. Some of our best results, such as 2m @ 1.6 g/t Au from 76m in KGA067O, have been at the end of drill lines and therefore there remains a lot of additional drilling required before the limits of mineralisation are defined. We now look forward to seeing what the diamond core drilling intersects and anticipate initial results before Christmas. We also look forward to the assay results from the remainder of the Sir Laurence holes and the regional holes."


Highlights include:

  • Significant gold on every line over 1km strike length to date with assays from 44 of 107 holes at Sir Laurence pending
  • Significant bedrock mineralisation on every line
  • Mineralisation remains open in all directions
  • Diamond core drilling has commenced
  • 32 regional aircore holes outside Sir Laurence also completed for 1,245m with all assays pending

DISCUSSION OF RESULTS

The second aircore program at Lake Goongarrie has been completed comprising 149 holes for 10,066m (KGA0615 – O753) (Figure 1).

This included 107 holes at Sir Laurence for 8,821m (KGA0615 – 0701 and KGA0731 – 750) (Figure 2) as well as 32 regional holes for 1,245m (KGA0702 – 0730 and KGA0751 – 0753) (Figure 3).

Click here for the full ASX Release

This article includes content from [Company Name], licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

KWR:AU
The Conversation (0)
Gold coins and arrow pointing up.

Digital Gold Could Unlock US$700 Billion in Additional Demand

A new study from the World Gold Council (WGC) and Boston Consulting Group (BCG) finds that the digital gold market could attract up to US$700 billion in additional demand as access improves and investor confidence strengthens.The report, titled “Digital Gold: Unlocking a US$700bn Opportunity,”... Keep Reading...
Peruvian Metals Announces New High-Grade Au-Ag Results at Palta Dorada

Peruvian Metals Announces New High-Grade Au-Ag Results at Palta Dorada

Peruvian Metals Corp (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce new high-grade Gold ("Au") and Silver ("Ag") results from the main San Juan Vein taken on the Au-Ag exposed in the underground workings on its 100% owned Palta Dorada... Keep Reading...
Gold and silver bars on scales over financial chart.

Editor's Picks: Gold, Silver Shrug Off Hot Inflation Data, Prices Bounce Back

The gold price dropped and then bounced back this week, sinking to around US$4,080 per ounce midway through the period before recovering.Silver put on a similar performance, sinking below US$56 per ounce.We'll get into what caused those declines in a moment, but before we do, I want to flag that... Keep Reading...
Gold bars with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Gwardar Resources Leads with Gain of Over 35 Percent

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.This week's top five gainers includes companies focused on gold, copper, helium and more.Read on to discover this week's top gaining Australian mining stocks on the ASX and what drove their... Keep Reading...
Dr. Mark Thornton: Gold, Silver's Next Leg — This "Engine" to Drive Prices?

Dr. Mark Thornton: Gold, Silver's Next Leg — This "Engine" to Drive Prices?

Dr. Mark Thornton, senior fellow at the Mises Institute, shares his outlook for gold and silver, laying out the factors that have been weighing on prices and commenting on what may kick off their next leg higher — in his view, the return of speculators could provide a boost. "Speculators we... Keep Reading...
A desert landscape with shrubs, old wooden structures and mountains under a partly cloudy sky.

Reviving the Walker Lane Trend — Nevada’s Next Golden Frontier

Nevada's Walker Lane Trend is rapidly becoming a prime target for mineral exploration, offering investors a unique blend of proven production history and untapped potential.This geological corridor along the California-Nevada border is experiencing a resurgence, driven by recent discoveries,... Keep Reading...

Interactive Chart

Latest Press Releases

Related News