Coffee with Samso: A discovery at Goongarrie Gold Project – Kingwest Resources

Coffee with Samso: A discovery at Goongarrie Gold Project – Kingwest Resources

Proactive Investors

Published

The realisation of Kingwest Resources Ltd’s (ASX:KWR) vision to establish a gold mining province within the company's portfolio is gaining momentum enhanced by the latest results from the Goongarrie project. Mineral exploration has always been about taking the risk to drill projects. There is a humorous saying in our industry that one should never drill a perfectly good project.  However, jokes aside, finding a province or a good concept is an acquired skill coupled with a (big) stroke of luck. Kingwest Resources has a province to work from and the Goongarrie project has always been the blue sky. Ed Turner and I talked about this in our very first Coffee with Samso back in October 2019, Coffee with Samso - Episode 025 - The Menzies Goldfields, however, at that time, this was all nothing more than a theoretical concept. In February 2021, the reality is now apparent as more work has been done on both projects. In this episode, Ed Turner shares with us the significance of the recent drilling announcement about the Goongarrie project. We discussed the meaning of the results and the underlying prospectivity of the salt lakes. These salt lakes may play a big role in coming up with potential future ounces of gold that is synonymous with companies working in the Kalgoorlie-Menzies gold belt. PODCAST: About Ed Turner Ed is a geologist with 30 years of experience throughout Europe, South America, Africa and Australia in a range of roles encompassing base, precious and speciality metals for leading mining companies. Technical strengths include exploration, underground mining, resource estimation, feasibility studies and development level work. Ed was previously engaged as the CEO and general manager of Exploration of Geology for Galena Mining Ltd (ASX:G1A) where he delineated the high-grade Abra lead-silver deposit that is shaping up to be a highly profitable mine development. About Kingwest Resources Kingwest Resources Ltd (ASX:KWR) is a mining and exploration company focused primarily on gold exploration in the Eastern Goldfields Region of Western Australia. It will aggressively explore for and extract gold in a mix of advanced, intermediate, and greenfield projects within this highly prospective district. Focus on Menzies Gold Project With a new team on board and new projects, Kingwest is redirecting its focus on developing the highly prospective Menzies Gold Project (MGP). The MGP contains some of the highest-grade historic production in the Eastern Goldfields with the five underground mines producing between 16 g/t and 32 g/t gold over their respective life of mine for a total of 650,000 ounces at 22.5 g/t. The last underground mining ceased in 1943 and there has been limited drilling beneath the historic workings since then. Open pit mining during the 1990s before the collapse of the gold price in 1999 also produced 145,000 ounces at a high-grade average of 2.6 g/t. A relatively shallow resource comprising 2.42 million tonnes at 2.2 g/t for 171,300 ounces (using 1g/t cut-off) has been estimated in recent years. However, the best future economic potential is in targeting the high-grade mineralisation that remains open at depth beneath every deposit. READ: High gold grades continue in Menzies drilling Please let us know your thoughts and send us any comment to info@Samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au Samso is primarily a consulting company that delivers digital information to the market in terms of creating organic content. Samso simplifies your story to customers or investors. Samso creates organic content for you to engage your audience and BRAND yourself to them. Samso provides bespoke research and presentation for clients to engage their customers or investors. Organic content allows audiences to feel a real sense of sincerity when you share your business strategy, allowing your business to stand out among the sea of social media traffic. Working with Proactive Group allows exposing our Insights to over 1.2 million monthly unique views internationally. Samso has nearly 30 years of experience in developing business ideas and concepts in the Australasian region. Samso has worked primarily in the mineral resources industry, capital markets and corporate finance. Noel Ong is the founder of SAMSO.   Disclaimer Samso and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy. The information provided is general in nature, not financial product advice, see a financial expert before making any investment decision. Your personal objectives, financial situation or needs have not been taken into consideration. There may be a conflict of interest present with commercial arrangements with companies and/or stock held. Samso or an associate may receive a commission for funds raised.

Full Article