PVW Looking To Be King of the West
ADVERTISEMENT
The Assay - Mining investment news, insights and company profiles
Mining investment news, insights and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
The Assay - Mining investment news, insights and company profiles
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home News

PVW Looking To Be King of the West

byThe Assay
2 years ago
Reading Time: 2 mins read
PVW Looking To Be King of the West

Expands Kalgoorlie Project By 50%

PVW Resources Ltd (ASX:PVW) has entered into agreements with adjoining tenement holders increasing the prospective Kalgoorlie tenement package by 50% to over 150 sq. km.

The return of positive assays from recent auger sampling with E2/614 confirmed the prospectivity of the King of The West project area for gold mineralisation and led PVW to move to expand its interests in the area.

The recent auger drilling and geochemical sampling on E27/614 were the first detailed systematic exploration activities undertaken over the northern third of the tenement. Results returned to date include large Au anomalies >40ppb Au with, numerous results above 80ppb, peaking at 176ppb Au. The southernmost line of the 400m x 100m auger grid returned a 1.2km continuous section of >80ppb Au.

Auger coverage of this open anomaly will be extended (commencing immediately pending good weather) to the south, prior to air core drilling. Results are pending for extensional Auger drilling on E27/571, as are assays from the Black Flag Project air core drilling.

The additional tenements acquired are strategically located, either abutting or adjacent to PVW’s existing tenure.

To consolidate tenements into PVW Resource Ltd subsidiary PVW Kalgoorlie Pty Ltd, the following transactions are agreed:

PVW and YRL have agreed to swap interests in respective tenements. The tenement swap includes a 2% NSR Royalty applicable to tenure acquired by each party only.

PVW has executed a binding terms sheet to acquire 100% of the issued capital of Stark, pursuant to which PVW will pay the following consideration to the Stark vendors:

a)  cash payment of $15,000;

b)  1,500,001 fully paid ordinary shares in the capital of PVW; and

c)  1,700,000 performance rights comprised of 850,000 tranche A performance rights and 850,000 tranche B performance rights, on terms to be agreed and subject to ASX approval.

Each of the transactions is conditional on conclusion of satisfactory due diligence.

“These transactions add 50% to our current land holding in the Kalgoorlie region, and with our recent successful auger drilling programme, which has identified significant anomalies, including a 1.2km wide highly anomalous zone, it provides a greater contiguous area to expand on these results,” Executive Director, George Bauk, said.

“Results are eagerly awaited form the Black Flag air core program and from extensional auger drilling.

“Kalgoorlie is a world class gold province and we have a substantial land package located 30km from the centre of Kalgoorlie, surrounded by operating mines and mills, with outstanding results to follow up.”

For further information please visit: https://pvwresources.com.au/

Tags: ASX:PVWExplorationGoldWestern Australia
TweetShareSend
Previous Post

Mincor Assays Confirm High-Grade Nickel Intercept At Golden Mile

Next Post

NorthWest Initiates Drill Programme At East Niv

Related Posts

Westhaven Gold Hits High-Grade Gold And Silver At Shovelnose
News

Westhaven Gold Receives Final Shovelnose Drill Results

byColin Sandell-Hay, Contributor - The Assay
21 March, 2023
Thor Significantly Updates MRE at Senegal’s Douta Gold Project
News

Thor Significantly Updates MRE at Senegal’s Douta Gold Project

byColin Sandell-Hay, Contributor - The Assay
20 March, 2023
Tietto Ramps Up to Full Production at Abujar Gold Mine in Côte d’Ivoire
News

Tietto Ramps Up to Full Production at Abujar Gold Mine in Côte d’Ivoire

byColin Sandell-Hay, Contributor - The Assay
20 March, 2023
Mako Gold Napie Auger Results Vector into New RC Targets
News

Mako Gold Napie Auger Results Vector into New RC Targets

byColin Sandell-Hay, Contributor - The Assay
20 March, 2023
ABx Triples Impressive Tasmanian REE Resource
News

ABx Triples Impressive Tasmanian REE Resource

byColin Sandell-Hay, Contributor - The Assay
20 March, 2023
Mandrake Increases Utah BLM Land Position by more than 30%
News

Mandrake Increases Utah BLM Land Position by more than 30%

byColin Sandell-Hay, Contributor - The Assay
20 March, 2023
Next Post
NorthWest Initiates Drill Programme At East Niv

NorthWest Initiates Drill Programme At East Niv

Popular Articles

  • The Rise and Rise of Indonesian HPAL – But Can It Continue?

    The Rise and Rise of Indonesian HPAL – But Can It Continue?

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • Zinc Mining & Market Outlook 2022-2025

    0 shares
    Share 0 Tweet 0
  • Zambian Copper Attracting Strong Global Investment Support

    0 shares
    Share 0 Tweet 0
  • Brazil Preparing for a New Mining Plan

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay

Go to mobile version