Priority Drilling Imminent At Goongarrie
Kingwest Resources (ASX:KWR) is fast-tracking follow up drilling at the Sir Laurence gold discovery at the Goongarrie Gold Project (GGP) near Kalgoorlie in Western Australia.
This follows receipt of all drill hole assay results from the Lake Goongarrie aircore drilling.
Kingwest is looking to further delineate what appears to be a significant gold discovery that is similar in style to the multi-million ounce Kanowna Belle Deposit.
It will also follow up five other gold anomalous areas found beneath Lake Goongarrie by the first round of aircore drilling.
Sir Laurence Gold Discovery
CEO, Ed Turner, said results at the Sir Laurence gold discovery demonstrate that it is a large bedrock gold mineralised system. Initial aircore drilling there has intersected gold mineralisation of >0.1 g/t Au in strongly altered quartz-veined bedrock over an area of more than 500m by 200m
The mineralisation is open in all directions and at depth, and the underlying aero magnetically defined Sir Laurence litho-structural target extends along strike for at least two kilometres in a north-south direction. This area will be immediately tested by the follow up aircore drilling
“The discovery at Sir Laurence is significant in Kingwest’s ongoing exploration focus at Lake Goongarrie.
“As it is a blind discovery under lake sediments we need to test the structural controls of the primary (fresh rock) mineralisation and for this we need oriented diamond core drilling which will commence in four weeks.
“We also have numerous similarly exciting litho-structural targets along strike from Sir Laurence that warrant aircore drilling which will commence next week. We are excited about the potential outcomes from this drilling.
“Follow up aircore drilling is also being planned to better test the five other areas that returned anomalous results in the first round of drilling.”
Initial interpretation of the gold system at Sir Laurence suggests that there is a large bedrock gold deposit present, which has acted as the gold source for an overlying and adjacent ‘Deep Lead’ alluvial gold deposit.
These Tertiary deep leads commonly accompany the Yilgarn Archaean reef gold deposits, and were formed where locally derived, high-grade, vein quartz gravels were eroded from outcropping quartz reefs and then dumped into the adjacent alluvial channels. Nearby examples include the previously mined rich deep lead gold deposits at Paddington and Kanowna.
Immediate Follow Up
Drilling 6,000m of follow up aircore drilling will commence next week at the Sir Laurence prospect to outline the full extent of the bedrock gold mineralised system there and pinpoint areas of higher grade. It will also help define the configuration of the overlying alluvial channel. 1,000m of follow up diamond drilling will commence shortly at Sir Laurence to test for high grade quartz reefs in the immediately underlying bedrock, to define the orientation of the Sir Laurence gold mineralised structures and to conclusively the nature of the host bedrock and hydrothermal alteration. This drilling is scheduled to commence in the first week of November. 2,000m of regional follow up aircore drilling will follow on from that at Sir Laurence to test the five other new areas of gold mineralisation.
The GGP is located approximately 40km south of the MGP and 90km north of Kalgoorlie. The GGP is a contiguous land package covering approximately 125 square km over a strike length in excess of 25km. Within the GGP a series of structurally controlled high-grade gold deposits have been historically mined and these display potential for high-grade extensions.
Modern exploration since closure of the mines over 20 years ago has been limited. The GGP sits within the Bardoc Tectonic Zone (BTZ) which extends south to Kalgoorlie and north to Menzies.
All resources lie within granted Mining Leases and are 100% owned by KWR. Importantly the GGP lies only 90km north of Kalgoorlie on the Goldfields Highway and is within trucking distance of numerous Gold Processing Plants. Kingwest has so far delineated 10 main target areas that require drill testing and five of these have undergone first pass testing to date.
For further information please visit: https://www.kingwestresources.com.au/