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PVW confirms solid results at Jungle Well

3 August 2021
ASX: PVW
Rueben Hale
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PVW Resources Limited has confirmed strong gold grades backing up a high-quality gold strike near its Jungle Well open pit in Leonora.

Results have confirmed qualities ranging from 1.69 grams per tonne to 10.1g/t from reverse circulation drilling 21 holes, after reporting an instance of 16g/t and nine metres at 4g/t  from the area in June.

It is more good news for the gold-focused explorer as it prepares to recommence drilling at its King of The West project after significantly increasing its landholding in the heart of Kalgoorlie through a clever acquisition and a land swap deal with a neighbour.

“Continued positive results from our RC drill program at Jungle puts us in a favourable position to build on the existing JORC resource,” executive director George Bauk said.

 “As regional exploration continues in Leonora, and on all PVW’s projects, we are entering a very exciting period, after just 5 months from listing”.

The company said the results would update the mineral resource estimate with the next steps, including adding 4m composite resample results to grade and geological models, metallurgical test work, and pit optimisation.

The company’s Australian Stock Exchange-listed shares opened today, trading at 18c  (8:00am  GMT+ 8 hours).

 

COMPANY OVERVIEW

PVW Resources (ASX: PVW) is a diversified resource company established by a group of highly experienced mining executives that includes key members of the team that founded Northern Minerals and oversaw the development of the Browns Range Heavy Rare Earths Project. With a project portfolio spanning Tier-1 mining jurisdictions in the Tanami region of the NT, Kalgoorlie and Leonora, PVW has embarked on a potentially game-changing exploration campaign at its flagship Tanami Heavy Rare Earths and Gold Project in the NT. Located in the heart of the world-class Tanami mineral province, the Tanami Project offers exceptional potential for significant new heavy rare earths and gold discoveries, at a time when demand and pricing for critical minerals such as rare earths has never been more favourable to incentivise the discovery and development of potential new supply sources as part of a diversified global supply chain.

COMPANY INFORMATION

ASX: PVW

Website

https://pvwresources.com.au/
https://www2.asx.com.au/markets/company/pvw

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