Menzies project

Kingwest has changing of the guard after CEO resigns; reports ‘significant’ gold intersections at Lake Goongarrie

Kingwest Resources (ASX:KWR) reports that Chief Executive Officer (CEO) Ed Turner has resigned effective immediately, with Gregory Bittar appointed as executive chairman in order to oversee the company’s renewed focus on its Menzies Gold Project.

The company also reports that it is received additional ‘significant’ gold intersections at Lake Goongarrie including 1.09m @ 4.95 g/t Au from 169.86m in KGD008 (down dip from 5.0m @ 4.8 g/t from 113.3m in KGD004).

Kingwest notes that while wet ground conditions have impacted the efficiency of the diamond drill program at Lake Goongarrie which has been suspended, potential remains for a ‘large-scale’ gold system.

Addressing the recent events, Executive Chairman Greg Bittar commented: “The high recent rainfall in the goldfields region has made access to drilling locations at Lake Goongarrie in been suspended.

Exploration activity will now be directed towards Menzies where we are drilling out the Selkirk deposit with the aim of bring this orebody into production via our profit-sharing JV with BML Ventures.

“During Ed’s tenure, Kingwest has substantially grown the resource inventory at the Menzies Gold Project”

The Kingwest Resources board wishes to acknowledge the strong contribution of the Company’s outgoing CEO, Ed Turner. During Ed’s tenure, Kingwest has substantially grown the resource inventory at the Menzies Gold Project and has also made the Sir Laurence gold discovery at the Goongarrie Gold Project.

The board wishes Ed the best in his future endeavours.”

Kingwest reports the outgoing CEO resigned for personal reasons. The board has appointed Bittar as executive chairman to oversee the works program at Menzies.

Historic production at Menzies was about 800,000oz of gold at 19 g/t Au. Menzies represents a ‘high-grade’ mining camp and numerous ‘high-grade’ intercepts have been made in resource and discovery drilling at Pericles and Stirling, respectively.

Further drilling at Menzies will be planned to target an increase in overall grades and to better define overall resource confidence.

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Images: Kingwest Resources
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.