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Kingwest Resources is rapidly making its newly acquired Menzies gold project its own with ounce plus hits rolling off the drill bit. Thirty six grams per tonne gold over a metre intersection is a good start to what is shaping up to be an action-packed drill program across this exciting project that is littered with historic workings and old shafts.

Horizon Minerals remains focussed on taking control of one of Australia's oldest gold addresses and has agreed with Focus Minerals to extend an Exclusivity Deed for the potential $55 million acquisition of significant land, a mill and associated plant in WA's Coolgardie region. The purchase could see the West Australian listed explorer become the Goldfields region's next major gold producer. Horizon already has its foot on multiple gold resources surrounding Kalgoorlie.

Horizon Minerals and Northern Star Resources have reached an agreement to swap tenements prospective for gold mineralisation in WA's Goldfields region. Horizon will secure three projects near Coolgardie to support its current acquisition proposal for Focus Minerals' adjacent Coolgardie gold project holdings and four projects near Kalgoorlie, including Golden Ridge which has produced over 253,000 ounces of gold.

Horizon Minerals has firmed up confidence in the Crake prospect within its Binduli gold project near Kalgoorlie after drilling returned a top intersection of 3 metres grading 7.41 grams per tonne gold from 81m down-hole. The results demonstrate both width and grade continuity across a 450m strike length with the company saying that mineralisation remains open in all directions.

Intermin Resources' ongoing regional drilling activities in the Goldfields region of WA, have delivered encouraging assays following up on historical drill results and testing of new prospect areas. At the Teal East prospect, an intersection of 12m @ 4.19g/t gold from 76m down-hole has extended the existing mineralisation and provided a good foundation for growing the current Teal mineral resource of nearly 290,000 ounces.

Intermin Resources is selling its non-core Menzies and Goongarrie gold projects north of Kalgoorlie to gold explorer Kingwest Resources for a total consideration of $8 million in cash and shares. The sale supports Intermin's goal of developing a standalone gold project in the Kalgoorlie and Coolgardie regions, while allowing it to retain exposure to any upside in the two projects through a substantial shareholding in Kingwest.