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PVW to test promising Kalgoorlie gold projects

6 September 2021
ASX: PVW
Rueben Hale
Gold, mining

PVW Resources is planning to test new anomalies this month following promising exploration results from its Kalgoorlie gold projects.

Aircore drilling assays, taken from the company’s Black Flag prospect, have returned significant results confirming a bedrock anomaly over 2 kilometres of a strike as high as 1.84 grams per tonne over 3 metres.

Meanwhile,  extension auger drilling has identified 40 parts per billion anomalies at the nearby  Pappy prospect, with elevated gold detected over three kilometres.

The results come less than two months after the company increased its prospective gold targeting area by a whopping 50 per cent at Black Flag’s adjoining King of The West project through the acquisition of Stark Resources and a clever land swap with a neighbour.

PVW expects the final aircore results this month while also anticipating auger results from the King of The West in due course.

The company’s Australian Stock Exchange-listed shares were trading at 18c today (4:28 pm 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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