KWR (ASX) Gold exploration discovery of 2022

Originally posted by mraki082 ↑

Thank you for posting that research, brilliant read.

We are at early stages at Sir Laurence but when you posted the link of the first pass AC drilling programme at St Ives under lake Lefroy and compare it to the first pass AC drilling that KWR had completed at lake Goongarrie you can not help but be very very excited.

We just might be on the verge of an absolute monster discovery with huge ounces and grade.

There is no doubt GOLD is under that lake at Goongarrie.

Here is a read from the KWR website.

Gold exploration in the Yilgarn has long since moved out from the outcropping historic goldfields into the surrounding regolith covered areas. This has produced spectacular new discoveries, including Kanowna Belle (6Moz) hidden under soils to the west of the outcropping Kanowna reefs (353,087), and Kambalda-St Ives (18Moz) hidden under Lake Lefroy to the southeast of the outcropping Red hill mining centre (40,000oz). The extensive salt lake covered areas surrounding the 162,710oz historic Goongarrie gold mining centre have yet to be similarly explored. Kingwest has recognised this overlooked opportunity and has acquired 125 square kilometres of leases over the outcropping Goongarrie goldfield and surrounding areas of salt-lake and sand. These covered areas overlie unexplored extensions to this highly mineralised segment of the Bardoc Tectonic Zone.

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Cheers mate!

I have a fair bit more info just not had the time to put it together in a digestible format.

You're right though, there seriously could be a monster under this lake.
The Loch Ness of WA.
What monster lies beneath the lake waiting to be discovered??

Our first pass drilling of AC has yielded better results.
That iron quartz outcropping the old timers mined for 5 klms is under the lake for a further 9 klms I think..(need to double check)
The tungsten blades on the air core bit were likely worn away on a quartz reef it intersected at the bedrock zone.
St Ives Invincible and Invincible south have a strike of 1 klm and SO FAR we are at 2 klms of strike and open still in all directions.
We have the Black Flag formation (proven host of gold) being cross cut by D4 faulting (proven highly mineralising structural event) right through our tenements.
After over a year or modelling and approvals the first line of drilling intersected substantial gold and every drill line since (that's 12 drill lines over 2 klms of strike) has hit gold also.

I could go on and on!!

There's gold there no question.
The question is just how much??

Do we have a hippo or a bull elephant??