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Kingwest Resources chairman buys company shares on-market

Kingwest recently acquired the Menzies Gold Project in Western Australia from Horizon Minerals Ltd (ASX:HRZ).

Kingwest Resources Ltd - Kingwest Resources chairman buys company shares on-market
Kingwest is ready to begin initial drill testing of the highest priority targets

Kingwest Resources Ltd (ASX:KWR) non-executive chairman Adrian Byass has purchased $37,500 worth of company shares.

Byass acquired the 150,000 shares through on-market trades for an average price of 25 cents each.

The chairman’s overall holding in the company increases to 1.15 million shares.

Ready to drill test gold targets to Menzies

Yesterday Kingwest revealed that it had completed the acquisition of a 100% interest in the Menzies Gold Project.

The project hosts a 171,310-ounce gold JORC resource grading 2.2 g/t across the Yunndaga, Pericles, Bellenger and Warrior deposits.

Following settlement of the acquisition, Kingwest is ready to begin initial drill testing of the highest priority targets.

A field team is on-site preparing for this work, which is scheduled within the next few weeks.

The initial program is for a 26-hole diamond core drill program of about 6,500 metres to test high-grade extensions at Yunndaga, Lady Shenton, Pericles, Selkirk and Lady Irene.

Quick facts: Kingwest Resources Ltd

Price: 0.29 AUD

ASX:KWR
Market: ASX
Market Cap: $29.17 m
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Full interview: Kingwest Resources starts diamond drilling at high-grade...

Kingwest Resources Ltd (ASX:KWR) chief executive officer Ed Turner updates Proactive on the commencement of diamond drilling at the high-grade Menzies Gold Project in a major historical goldfield in WA.  The targets include Yunndaga, Lady Shenton, Pericles, Selkirk and Lady Irene...

3 weeks, 4 days ago

2 min read