Ann: Exploration Targets delineated at Menzies, page-2

So i've had a read of the announcement. My summary follows;

• Currently undertaking a 8,300m reverse circulation (RC), and diamond core (DD) drilling programme,
• Targets are within Yunndaga, Lady Shenton, and First Hit sites,
• Program set to conclude late May 2020, but may be extended based on results,
• Targeting near-surface and deeper mineralisation, the exploration targets are at sites of predicted continuation of high-grade gold mineralisation,
• Assuming best case scenario, the drilling campaign may uncover between 380,300t - 668,250t at grades of 16g/t - 32g/t, in figures this is 6,084,800g (380,300 x 16) to 21,384,000g (668,250 x 32),
• 6,084,800g at current gold price ($53.11/g) is $21,384,000,
• 21,384,000g at current gold price ($53.11/g) is $1,135,704,240,
• My figures will likely be off as I equated a worst case scenario of 16g/t (where Yunndaga has an average lower than that - 10g/t min). Happy to discuss further,
• $KWR has a market cap of $14.62m. Lots of room to move.

Yunndaga (Princess May) Site

• Mined between 1896 - 1926, 1934 - 1936, and 1995 to 1998,
• Produced 526,000t @ 16g/t (total 270,580 oz gold),
• High-grade mineralisation present in mine depths,
• Depth exploration for a mine extension underway,
• Exploration target is estimated at 194,000t - 388,800t @ 10g/t - 16g/t gold.

Lady Shenton Site

• Mined between 1895 - 1905, 1906 - 1914, 1916 - 1923, 1934 - 1939, and 1996 - 1999,
• Production historically from 1894 - 1939 was 196,392t @ 32.3g/t gold, equating to 204,756 oz gold,
• Exploration target is estimated at 121,500t - 182,250t @ 16g/t - 32g/t gold.

First Hit Site

• Mined between 1929 - 1948 and 1996 - 1997,
• Production of 71,269t @ 23.4g/t gold, equating to 53,748 oz gold,

• Exploration target is estimated at 64,800t - 97,200t @ 16g/t - 32g/t.