This program will comprise around 3,600 metres of reverse circulation (RC) drilling and 4,700 metres of diamond core drilling.
The focus will be extensions to high-grade mineralisation within the Yunndaga, Lady Shenton and First Hit systems as well as infill work.
Shares have increased by as much as 15% to an intra-day high of 16 cents.
Kingwest’s first objective with this program will be targeting high-grade extensions to the existing known mineralisation within these three systems.
The systems each extend over lengths of between 1,200 and 1,800 metres and lie within the Menzies Mineralised Corridor.
Lady Shenton long section showing high-grade shoots open at depth that will be drill tested.
Each system includes multiple shear zones hosting high-grade gold deposits.
Diamond drilling to follow
Some of the RC drilling will be used as pre-collars for the diamond core tails and will, therefore, be drilled first with the diamond core drilling to follow in late March.
Yunndaga long section showing high-grade shoots open at depth that will be drill tested.
Based on results from these initial programs Kingwest will plan additional follow-up resource definition drilling.
Menzies is one of WA’s major historic goldfields and is just 130 kilometres north of the globally significant gold deposits of Kalgoorlie-Boulder but modern exploration since closure more than 20 years ago has been limited.
The MGP covers a contiguous land package over a strike length in excess of 15 kilometres.
A series of structurally controlled high-grade gold deposits have been historically mined and display extensive exploration potential for high-grade extensions.
The MGP has recorded historical production of 643,200 ounces at 22.5 g/t from underground between 1895 and 1943 plus 145,000 ounces at 2.6 g/t from open-cut between 1995 and 1999.