Kingwest Resources Limited announced that the results from the infill drilling completed by BML at the Selkirk Deposit has confirmed the high-grade nature of the gold mineralization. The Selkirk Deposit is a discrete gold project within M29/154 in the Menzies Gold Project. The mineralization remains open at depth and along strike to both the north and the south.

The infill drilling was required prior to completing an updated MRE, an optimized pit shell and mine planning and this work is now well advanced. Other work to support a commercial processing agreement is also underway, including the finalization of metallurgical testwork. 21 RC holes totaling 1,109(22SKRC020-22SKRC040) were drilled at Selkirk as part of an infill drilling programme by BML.

Results of 7m @ 24.8 g/t Au from 43m in 22SKRC029 (including 1m @ 167.00 g/t Au from 47m), 6m @ 19.96 g/t Au from 41m in 22SKRC036 (including 2m @ 54.8.00 g/t Au from 41m), 2m @ 12.93 g/t Au from 42m in 22SKRC038, 2m @ 7.43 g/t Au from 43m in 22SKRC037, 1m @ 13.85 g/t Au from 51m in 22SKRC031 confirm the high-grade nature of the Selkirk Deposit. Mineralization remains open at depth with several of these significant intersections near the base of the current MRE. The MGP is one of Western Australia's major historic gold fields.

Located 130km north of the globally significant gold deposits of Kalgoorlie (Figure 4). The MGP covers a contiguous land package over a strike length in excess of 15km. Within the MGP a series of structurally controlled high-grade gold deposits have been historically mined and display extensive exploration potential for high-grade extensions.

Modern exploration since closure over 20 years ago has been limited prior to Kingwest acquiring the project in 2019. The MGP has recorded historical production of 643,200 oz @ 22.5g/t Au3 from underground (U/G) between 1895 and 1943 plus 145,000 oz @ 2.6g/t Au3 open cut between 1995 and 1999, for a total of 787,200 oz @ 18.9g/t3 Au. The MGP is hosted within the Menzies Shear Zone.

All deposits lie within granted Mining Leases and are 100% owned by KWR. Current JORC mineral resources total 505,100 oz @ 1.33 g/t Au2 using a 0.5 g/t Au cut-off. Importantly the MGP lies on the Goldfields Highway, has power and water and is within trucking distance of numerous Gold Processing Plants.