Kingwest Resources Limited (ASX:KWR)
Kingwest Resources Limited (ASX:KWR) is a mining and exploration company focused on advancing its gold projects into production as well as discovering new gold resources in its highly prospective projects located in the Eastern Gold Fields region of Western Australia.
Menzies is one of Western Australia’s major historic gold fields. Located 130km north of the globally significant gold deposits of Kalgoorlie. The MGP covers a contiguous land package over a strike length in excess of 15km. Within the MGP a series of structurally controlled high-grade gold deposits have been historically mined and display extensive exploration potential for high-grade extensions. Since closure of the mine over 20 years ago, exploration has been limited.
The MGP has recorded historical production of 643,200 oz @ 22.5g/t Au from underground (U/G) between 1895 and 1943 plus 145,000 oz @ 2.6g/t Au open cut between 1995 and 1999, for a total of 787,200 oz @ 18.9g/t Au.
The MGP is hosted along the Menzies Shear Zone. All deposits lie within granted Mining Leases and are 100% owned by the company. Current mineral resources total 320,000 oz @ 2.1g/t Au. Importantly the MGP lies on the Goldfields Highway, it has power and water and is within trucking distance of numerous Gold processing facilities.
The GGP is located approximately 40km south of KWR’s Menzies Gold Project (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 extensive exploration potential for high-grade extensions.