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)
Pile of gold bars with stock charts in the corner. Text reads "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Orosur Gains 63 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released August’s consumer price index (CPI) figures on Monday (September 14). The... Keep Reading...
Jeff Clark, gold and silver bars.

Jeff Clark: Gold, Silver on Sale, I'm Investing "Aggressively" Now

Jeff Clark, founder of TheGoldAdvisor.com, shares his thoughts on where gold and silver are in the current cycle, and where he sees value today."I don't think this is the time to give up — in fact, I'm doing the opposite. I think you can look at prices right now and get some good value on... Keep Reading...
The Mexican flag with green, white, and red stripes waves against a blue sky.

Luca Mining to Acquire Agnico’s El Barqueño Project in Mexico

Luca Mining (TSXV: LUCA,OTCQX:LUCMF) has agreed to acquire the El Barqueño gold-silver-copper project in Mexico from Agnico Eagle Mines (TSX:AEM,NYSE:AEM) for an initial US$10 million in stock and up to US$50 million in deferred milestone payments.Under the definitive asset purchase agreement,... Keep Reading...
iMetal Resources Appoints Morgan Verge, P.Geo., to Lead Exploration

iMetal Resources Appoints Morgan Verge, P.Geo., to Lead Exploration

New technical leadership follows the Company's $3.0 million private placement and board and management additions as iMetal advances Gowganda WestiMetal Resources Inc. (TSXV: IMR,OTC:IMRFF) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce that Morgan Verge, P.Geo.,... Keep Reading...

Interactive Chart

Latest Press Releases

Related News