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King of the West extends Kalgoorlie fiefdom

15 November 2021
ASX: PVW
Jack Baker

Drilling has revealed PVW’s King of the West gold anomaly in Kalgoorlie extends a further 2 kilometres south, with all extension lines resulting in wide zones of gold consistently over 50 parts per billion. 

The level of anomalous gold and the material sampled is equivalent to the anomalous area that led to the discovery of the Golden Cities deposit, which hosts over a million ounces to the project’s north. 

The project now comprises 4 by 1.5 km of potent gold territory for the company, who said the project will continue to grow in scope. 

“These results are significant and highlight an exciting prospect in a very prospective gold region,” executive director George Bauk said. 

“The anomaly is open to the south and I look forward to the next stage of exploration on this project.” 

Potential expansion along the southernmost extension line looks similarly gainful, with multiple early results lying above the 50ppb mark. 

Next step for the explorer is to systematically test the anomaly with aircore and reverse circulation drilling to confirm the source of the near-surface gold anomaly. 

The share price of PVW exploded last month following its confirmation of high-grade heavy rare earth at its Tanami Project, also in Western Australia. 

PVW’s Australian Stock Exchange-listed share price rose over two per cent today, currently trading at 43c (10:57 am UTC+8) 

 

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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