High-Grade Gold in Menzies, Australia
Coffee with Samso Episode 29 with Ed Turner, CEO, Kingwest Resources Limited (ASX: KWR)
High-grade gold mining is relatively uncommon in today’s era of “raging” gold prices,
but it’s an interesting aspect of the gold mining industry that merits closer
In this respect, Kingwest Resources Limited (ASX: KWR) is in an enviable position,
with its portfolio of projects in a highly-respected region of historical high-grade
mining that has perceived potential of more resources waiting to be found.
When KWR listed late last year I looked into their projects and realised I’d forgotten
about the flurry of work in Menzies back in the 1980s and 1990s. Not much was
discovered then, but I remember a swag of companies working in the Menzies area.
So, I wanted to talk to KWR’s Chief Executive Officer Ed Turner for an update on
KWR’s drilling programme in Menzies.
Key points made by Ed in our conversation include:
Following last year’s successful drilling a further AUS$3.5 million has been raised to fund a bigger drilling programme this year
Recently-acquired archival data shows exciting prospects in historic workings
Savvy investors are looking for good high-grade gold companies to invest in
With the state of the gold price it’s time to advance projects and get them into
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