logo-loader
viewKingwest Resources Ltd

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: 0.14 AUD

ASX:KWR
Market: ASX
Market Cap: $17.07 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Kingwest Resources Ltd named herein, including the promotion by the Company of Kingwest Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Kingwest Resources on the latest at the Menzies Gold Project

Kingwest Resources Ltd (ASX:KWR) chief executive officer Ed Turner speaks to Proactive about the Menzies Gold Project north of the Super Pit in Western Australia. Turner said the company spent the summer holidays collating data at the site ahead of a 12,000-metre drilling program planned for...

on 21/2/20

2 min read