Kingwest Resources : Sir Laurence Discovery doubles to over 2km strike length

Kingwest Resources Ltd

ASX: KWR

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Directors & Management

Chairman

Gregory Bittar

useCEO

Ed Turner

Non Executive Directors

Adrian Byass

Jonathan Downes

Jon Price

personalComp ny Secretary Stephen Brockhurst

Principal Place of Business

Unit 3, Churchill Court

335 Hay Street

Subiaco WA 6008

Registered Office

L v l 11

216 St Georges Terrace

Perth WA 6000

Contact

ForT 08 9481 0389

[e-mail] www.kingwestresources.com.au

Investor Relations

Lucas Robinson

T [phone]

1. [e-mail]

14 December 2021

Sir Laurence Gold Discovery doubles to over 2km strike length

Highlights include:

• Aircore drilling assays continue to deliver significant gold on every line over 2km strike length to date highlighting high grade source potential
• Mineralisation remains open in all directions
• 8m @ 5.0 g/t Au from 12m depth approx. 1.5km to the west of Sir Laurence highlights potential new gold discovery
• Initial diamond core drilling programme doubled in size
• A minimum of 4,000m of additional aircore drilling planned for Q1 2022 to test for further extensions to Sir Laurence

CEO, Ed Turner commented "Sir Laurence continues to exceed expectations with significant intersections on every line of drilling now over more than 2km strike length and up to 500m across strike. Importantly the last four lines at the northern end of Sir Laurence all had their best results in the last hole of the line at the eastern end so mineralisation is wide open there as well as to the north and west. The planned diamond core drilling program now commencing in early 2022, with a new customised drill rig, has now been doubled and an additional minimum 4,000m of aircore drilling is also being planned to test for further extensions to the Sir Laurence mineralised system.

To intersect 8m @ 5.0 g/t Au in a regional hole 1.5km to the west of Sir Laurence also demonstrates the larger project potential. This is a great way to finish off the year and we eagerly anticipate recommencing drilling next year."

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DISCUSSION OF RESULTS

All composite assay results have now been received from the second aircore program at Lake Goongarrie which comprised 107 holes at Sir Laurence and 32 Goongarrie Gold Project regional holes1.

At Sir Laurence, significant mineralisation has now been intersected on all 14 lines of drilling over a

2km strike length. Mineralisation remains open in all directions and additional aircore drilling is planned to test the limits of the system in 2022.

New aircore intersections from the northern extents of Sir Laurence including 12m @ 0.7 g/t Au from 64m in KGA0693 (Line I), 16m @ 1.4 g/t Au from 64m in KGA0694 (Line J), 12m @ 0.8 g/t Au from 64m in KHA0736 (Line K) and 12m @ 0.7 g/t Au from 60m in KGA0701 (Line L) demonstrate the huge potential for further discoveries within the mineralised system as well as the potential for further extensions to the system (Figure 1).

Significant new intersections from holes KGA0677 - 0753 are included in Table 1 and all drill hole details are included in Table 2 (N.B. previously released).

Outside of Sir Laurence drillholes on regional lines returned numerous significant intersections from lines 22, 19 and 8 (Figure 2, Table 1). These included 8m @ 5.0 g/t Au from 12m in KGA0730 1.5km to the west of Sir Laurence on line 8. The Goongarrie Gold Project has exceptional potential for multiple discoveries including a major discovery and the results to date support and to enhance this potential.

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Figure 1: Significant aircore drill results within the Sir Laurence Discovery on magnetics background

Table 1: Significant aircore intersections (>0.1 g/t Au) within Sir Laurence Discovery and regional

	targets
							Depth From		Depth To		Interval		Au
only		Line		Hole ID		(m)		(m)		(m)		(g/t)		Comment
	H		KGA0677			68			72			4			0.35			Alluvial
	H		KGA0677			84			86			2			0.12			Bedrock
		H		KGA0678			72			76			4			0.34			Alluvial
		H		KGA0680			68			72			4			0.11			Alluvial
		H		KGA0681			44			48			4			0.34			Alluvial
		H		KGA0683			36			40			4			0.10			Alluvial
		H		KGA0683			64			68			4			0.14			Alluvial
use		I		KGA0689			36			40			4			0.11			Alluvial
	I		KGA0691			68			72			4			0.10			Alluvial
		I		KGA0692			68			72			4			0.65			Alluvial
		I		KGA0693			64			76			12			0.66			Alluvial
		J		KGA0694			64			80			16			1.45			Alluvial
		J		KGA0695			72			76			4			0.27			Alluvial
		J		KGA0696			36			40			4			0.44			Alluvial
personal		L		KGA0697			68			72			4			0.19			Alluvial
	L		KGA0698			16			20			4			0.15			Alluvial
		L		KGA0699			60			64			4			0.10			Alluvial
		L		KGA0700			32			40			8			0.20			Alluvial
		L		KGA0700			60			64			4			0.51			Alluvial
		L		KGA0701			60			72			12			0.72			Alluvial
		19		KGA0706			8			12			4			0.12			Bedrock
		19		KGA0707			16			24			8			0.28			Bedrock
		19		KGA0712			24			26			2			0.12			Bedrock
		19		KGA0713			20			27			7			0.26			Bedrock
		19		KGA0714			20			24			4			0.21			Bedrock
		19		KGA0719			28			29			1			0.10			Bedrock
		22		KGA0726			68			72			4			0.22			Alluvial
		8		KGA0730			12			20			8			4.96			Alluvial
		K		KGA0731			60			64			4			0.10			Alluvial
For		K		KGA0733			64			72			8			0.22			Bedrock
	K		KGA0734			8			12			4			0.40			Alluvial
	K		KGA0735			28			32			4			0.19			Alluvial
	K		KGA0736			64			76			12			0.79			Alluvial
	A		KGA0742			60			64			4			0.14			Bedrock
	A		KGA0742			72			74			2			0.17			Bedrock
	A		KGA0743			60			64			4			0.10			Bedrock
		A		KGA0744			64			68			4			0.35			Bedrock
		A		KGA0746			60			62			2			0.13			Bedrock
		As		KGA0747			60			62			2			0.12			Bedrock

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Figure 2: Location of all aircore drill collars for the first and second aircore programmes completed. Regional

holes completed in this second programme are within the black circles