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.