Kingwest Resources' RC drilling confirms high-grade aircore gold hits at Goongarrie with results up to 8 metres at 4.94 g/t

Kingwest Resources Ltd (ASX:KWR) reverse circulation (RC) drilling program at Goongarrie Gold Project in Western Australia has returned up to 8 metres at 4.94 g/t gold from 72 metres with the results confirming previous strong aircore results.  The composite results are from an initial 1,196 metres RC program at Goongarrie with single metre sample assays pending. The 8-metre result was within 20 metres at 2.55 g/t gold from 72 metres and other strong results are: 4 metres at 2.18 g/t from 64 metres; and 8 metres at 1.43 g/t from 44 metres. A full interpretation of the significance of the drill results is not possible until all single metre assays have been received, which are expected in around three to four weeks. Aircore drilling of Kanowna Belle style litho-structural targets with coincidental geochemical anomalies (up to 361ppb gold) under Lake Goongarrie will take place in early August. Results indicate large mineralised system KWR chief executive officer Ed Turner said composite RC assays intersected high-grade thick supergene mineralisation following on from the initial aircore discovery in target A9. “Significant mineralisation was also intersected in an RC hole 200 metres along strike to the south and in previous aircore drilling over approximately 1-kilometre to the south. “We have not drilled to the north yet, so this indicates a potentially large mineralised system. “We now eagerly await the track mounted aircore rig to test the high priority targets A1=-A3 and A10 beneath the lake in the northern part of the project which is scheduled to commence in early August.” Significant mineralisation was also intersected in most holes including KGR006 approximately 200 metres south of KGR001 and 180 metres south of KGR007 with no drilling yet between these lines. These holes are within Target A9 which lies at the southern end of the GGP and along strike from Ardea Gold’s Aphrodite North Prospect, as well as around 7 kilometres north from Bardoc Gold’s 1.7-million-ounce Aphrodite Deposit. Next steps A complete interpretation of the Goongarrie RC drill results upon receipt of the single metre assays before planning follow up exploration drilling; and 4,000-5,000 metres of lake aircore rig testing of litho-structural and geochemical targets A1-A3 and A10 under Lake Goongarrie - this is scheduled to begin in early August. Kingwest has significantly progressed exploration of the previously inaccessible major part of the Goongarrie project that lies beneath the Lake Goongarrie salt lake. A high-resolution aeromagnetic study has been completed over the western half of Lake Goongarrie and a few of the resulting lithostructural targets have been tested by a program of deep geochemical pitting. This deep pitting program was limited in extent due to the difficulty of necessarily sampling beneath a gypsum layer, but it has successfully located several strongly gold-anomalous drilling targets under previously unexplored areas of Lake Goongarrie KWR believes the most promising of these targets to date is the A10 target, which lies at the intersection of a 500-metre-wide NW-trending D4 shear zone with a thick Black Flag Group conglomerate unit. The geological setting of this target is similar to that of the 6.4Moz Kanowna Belle gold deposit, which lies 80 kilometres along strike to the southeast, at the intersection of three NW-trending D4 shears and the hanging wall of the Black Flag Group Golden Valley Conglomerate. Deep pitting of the new Target A10 has found strong gold anomalism of up to 361ppb gold at the lake sediment interface above this conglomerate’s hanging wall contact.