News Articles for Kingwest Resources

Brightstar will mint its first gold bar of the year this week after processing ore from the Second Fortune and Lord Byron mines.

A Brightstar Resources scoping study has revealed the company will punch out an EBITDA of $153 million over an eight-year mine life at its dual Menzies and Laverton gold projects in Western Australia. The study outlines an initial target of 5.28 million tonnes at 2g/t gold for 322,617 ounces and an extraordinary pre-tax internal rate of return of 79 per cent.

Gold explorer Brightstar Resources is budgeting $22 million to deliver its proposed “low-capital pathway” to restart its Menzies and Laverton projects in the Goldfields.

Brightstar Resources has inked an earn-in agreement with DevEx Resources on two of the former's Goongarrie project exploration licences. The deal will see Brightstar retain all gold rights, while DevEx can earn up 75 per cent of the non-gold rights by exploring for nickel along the northward extensions of existing and historic deposits within the Highway ultramafic.

After a merger deal with Kingwest Resources last month, Brightstar Resources has wasted no time in getting drill rigs to its Menzies gold project in Western Australia to shore up its understanding of the deposit's proven high-grade gold intercepts. The successful merger has fast-tracked Brightstar's move towards becoming WA's next gold producer as it builds its resource growth.

Our board moves wrap includes Michael Liew, Nick Catalano, Gregory Bittar, Jonathan Downes, Ashok Parekh, Luke McFadyen, and David Richards.

Brightstar Resources has extended its 252,000-ounce Cork Tree Well gold deposit, 30km north of Laverton, with 6000m of RC drilling giving best results of 10m at 4.54 grams per tonne gold from 192m, including 2m at 17.23g/t and 13m grading 1.83g/t from 143m. An updated resource estimate will inform mining feasibility studies due for delivery by the middle of the year.

ASX-listed Horizon Minerals has banked a cool $1.3 million in cash by divesting its interest in explorer Kingwest Resources via an off-market sale process. The company now plans to inject the funds, topped up with existing cash reserves into a host of new exploration programs across its core, WA-based gold assets over the next few months.

Our weekly appointments wrap includes Chris Sutherland, Tim Richards, Rob Bear, Nicki Ivory, Esme Bowen, Ken Wyatt, Dean Vallve, Jarrod O'Neil, Steve Targett and Peter Hall.

Our board moves wrap includes Michael Bowen, Jay Hughes, Gregory Bittar, Ed Turner, Tony Bevan, and Paula Raffo.

Our board moves wrap includes Nicholas Katris, Michael Naylor, Kenneth Williams, Mark Connelly, Richard Crookes, Matt Freedman, Andrew Denniss, Dickie Dique, Ashok Parekh, Jon Price, Sam Pazuki, Ian Murray, Mick Wilkes, Robert Stockdale, Mathew Longworth, and Dale Schultz.

Multi-element explorer Horizon Minerals has netted $2m in cash by divesting assets as it continues its expansive exploration campaign in WA. The company shed its shareholdings in Red Dirt Metals and Cyprium Metals in addition to the non-escrowed portion of Metal Hawk. The earnings pocketed from monetising its assets will be used to fund part of its ongoing large-scale multi-commodity drilling program.

Kingwest Resources has drilled 107 holes at its Sir Laurence gold discovery near Menzies with significant “bedrock” mineralisation reported on every line over a 1km trend that remains open along strike and down dip. Diamond coring operations have commenced with initial results expected before Christmas. The company anticipates assays from a remaining 63 holes will also arrive in time for some holiday cheer.

Kingwest Resources plans to spend funds committed by sophisticated and institutional investors to accelerate ongoing exploration activities across its Western Australian projects.

Kingwest Resources has signed a joint venture agreement with FMR Investments which will see the company resume underground mining at the Menzies Gold Project north of Kalgoorlie. The deposit was last mined 85 years ago and produced 526,000 tonnes at 16 grams per tonne gold for 270,000 ounces. Lake Goongarrie is also set to be extended with five new gold anomalous zones detected.

Kingwest Resources has produced an exceptional set of first pass drill results that appear to show a significant gold discovery lurking under the mineralised cover at Lake Goongarrie north of Kalgoorlie. Twelve holes intersected significant gold values across a 500 metre extent of the first drill line within Target A10 of the newly named Sir Laurence prospect under the lake at Goongarrie.

Kingwest Resources has boosted its underground resource at its Yunndaga deposit within the Menzies gold project 6km south of Menzies. Importantly, the new estimate represents Kingwest's first “high grade” resource estimate for Yunndaga and the company says the deposit may now be amenable to underground mining. New estimates are based on 13 new RC drill holes focused on eking out some high grade dirt at the Yunndaga underground deposit.

ASX-listed Kingwest Resources has kicked off an aircore drilling campaign at its Lake Goongarrie project 90km north of Kalgoorlie. The campaign taking aim at litho-structural targets will punch out 5,000m of drilling with first assays expected in a couple of weeks. Final assays from recent drilling at “target A9” show a headline hit of 5m going 8.31 grams per tonne gold.

Kingwest Resources has chalked up a cluster of encouraging gold intersections from a recent round of follow-up reverse circulation drilling at its promising Goongarrie gold project about 90km north of Kalgoorlie in WA. The stand-out composite assays were 20m grading a respectable 2.55 grams per tonne gold from 72m including 8m at 4.94 g/t from 72m, 4m going at 2.18 g/t from 64m and 8m at 1.43 g/t from 44m.

Kingwest Resources has teased out tantalising gold intersections from drilling beyond the current pit shell limit for one of the key deposits at its multi-deposit flagship Menzies gold project in WA. The company's extensional drilling at the Yunndaga deposit returned impressive assays of 7m grading 5 g/t gold from 163m including 3m at 10.6 g/t and 5m at 2.35 g/t from 100m including 1m at 7.55 g/t.

Extensional RC drilling by ASX-listed Kingwest Resources has delivered a slew of cracking high-grade gold hits in auriferous shoots outside the existing mineral resource at its multi-deposit Menzies gold project in WA. The pick of the new intersections from the recently completed program was 26m at an average grade of 4.56 grams per tonne gold from 158m including 2m at 49.49 g/t from 169m.

Our board moves wrap includes James Brown, Gregory Bittar, Adrian Byass, Steve Brockhurst, Nadine Barry, Blair Snowball, Harry Miller, Ashley Lim, Shirley In't Veld, Graeme Smith, Arshad Muhammad, Marcus Goh, Tome Jongue, YiCheng Chen, Eric Kong, Piers Lewis, Victor Goh, Daniel Tydde, and Robert Ierace.

ASX-listed aspiring gold developer, Kingwest Resources has kicked off another round of reverse circulation drilling targeting depth extensions to a triumvirate of key near-surface satellite deposits that form part of its flagship Menzies gold project in WA. The company will look to delve deeper at the project's Lady Shenton, Lady Harriet and Yunndaga systems to test for gold mineralisation beneath the current indicated and inferred resources for each.

Our board moves wrap includes Alex McCulloch, Stuart Gale, Terry Holohan, and David Kelly.

Kingwest Resources will start a new round of deeper drilling at its Menzies gold project north of Kalgoorlie in WA later this month after reporting more high-grade hits from below shallow existing resources at the historic mine. Best new intercepts include 12m at 3.7 grams per tonne gold from 102m and 2m at 17.3 g/t gold from 125m.

ASX-listed gold explorer, Kingwest Resources continues to deliver the goods at the Menzies project in the Goldfields of WA. Recent extensional and infill drilling has returned a suite of high-grade results outside the existing mineral resource including 4 metres going 7.7 grams per tonne gold. Interestingly, some holes hit gold outside the pit shell design from the recent scoping study.

ASX-listed junior explorer, Kingwest Resources has finalised the acquisition of its advanced, multi-deposit Menzies gold project about 130 kilometres north of Kalgoorlie and the greenfields Goongarrie gold project 90km north of Kalgoorlie. Horizon Minerals has now banked the last instalment of $1.625 million cash and 10.83 million Kingwest shares to complete the $8 million sale to Kingwest announced in 2019.

Kingwest Resources has released a “strong economic case” for mining to kick off at its multi-deposit Menzies gold project in WA. The company's scoping study on Menzies points to a proposed open-cut mining and toll treatment operation spitting out estimated net revenue of $330 million and free cash flows of between $64 million and $95 million across an initial project life of just over two-and-a-half years.

Perth-based explorer Kingwest Resources continues to make waves in the Goldfields of WA with an initial aircore drilling campaign at the Goongarrie gold project returning significant results from three areas where the company appears to have defined a gold anomaly over 1,000m in strike length at Area 9. Further drilling on newly identified targets at the project is planned for quarter two.

Kingwest Resources has expanded its global gold resource based on a cluster of deposits at its historic Menzies gold project about 130km north of Kalgoorlie by more than 125,000 ounces following its recent major resource definition drill out. The company increased the combined resource estimate for Menzies to 11 million tonnes of ore at an average grade of 1.26 grams per tonne for 446,200 ounces of gold.

Our board moves wrap includes Robert Hersov, Tom Fontaine, Adam Sierakowski, and Alex McCulloch.

Gold hopeful, Kingwest Resources has turned in the first assays from its inaugural aircore drilling campaign at the Goongarrie gold project and they have not disappointed. The initial report card reads well with one of the best hits returning a stellar 38m at 3.1 g/t gold from 62m, including 6m at 17.2 g/t from 94m downhole. The project sits almost on the main highway between Kalgoorlie and Menzies.

Kingwest has landed another solid set of gold hits in its last dozen drill holes for 2020 at the Pericles deposit within the Lady Shenton System at its Menzies gold project in WA. Amongst the numbers was an intercept of 6m at 1.49 g/t gold from 214m downhole, a whopping 80m deeper than any previous drilling, whilst other shallower intercepts recorded grades up to 8.35 g/t.

Kingwest Resources has continued to reel off a string of high-grade gold hits from multiple deposits as part of an onslaught of resource definition drilling at its Menzies gold project about 120km north of Kalgoorlie. The latest stand-out RC drill intersections included 11m at 7.13 g/t from 62m, 2m at 20.71 g/t from 91m, 1m at 26.78 g/t from 40m and 1m at 22.42 g/t from 88m.

Kingwest Resources has rattled off another set of bonanza gold drill hits at its historic Menzies gold project in WA. The company seems to be streaking towards a possible upgrade of the project's overall mineral resource spread across a string of satellite deposits. Latest notable RC intercepts included 2m at 37.71 g/t gold from 63m and 1m at 56.54 g/t from 56m.

Kingwest Resources' drilling campaign at Menzies in WA has continued to return a stream of spectacular drill intercepts including 1m at 107.00 g/t gold from 88m and an impressive 5m at 13.8 g/t gold that boasts a 2m long higher-grade section going an ounce to the tonne gold from 122m. The company has now expanded its program over the resurgent goldfield from 10,000m to 14,000m of drilling.

Our board moves wrap includes Leigh Ryan, James Sullivan, Ian Parker, Richard Simpson, Daniel Madden, Keith Smith, Steve Brockhurst, David McEntaggart, Sandra Dodds, Andrew Edwards, and Geoff Baker.

ASX-listed Kingwest Resources has hit paydirt again at its flagship Menzies gold project about 130km north of Kalgoorlie as the company seeks to shore up confidence in the resource. The results, which include 4m at 11.04g/t gold from 47m, also hint that an upgrade to its current mineral resource estimate may soon be on the cards.

ASX-listed gold explorer, Kingwest Resources, has the drill rods spinning again at its flagship Menzies gold project about 130km north of Kalgoorlie as it looks to accelerate exploration programs, mineral resource estimates and scoping studies towards a potential revival of the historic project.

ASX-listed gold hopeful, Kingwest Resources, has offloaded a couple of non-core assets that are not part of its flagship Menzies gold project, pocketing just over $2 million which it intends to sink into exploration and development drilling work at Menzies. Kingwest's Menzies project involves a plethora of old gold projects littered across about 10km of strike.