Kanowna on the cusp of golden find

Kanowna Lights NL, which has been exploring for base metals at its Pin-nacles nickel project 130 kilometres east of Kalgoorlie, is on the threshold of developing a gold project.

The company has announced that recent drilling at Great Western prospect has registered the potential for an economic mining operation at today’s gold price.

Kanowna chairman Tom Banner-man said the drilling programme has had significant intersections on some holes. These include hole GWRC 24 with 11 metres grading at 2.92 grams/tonne gold, hole GWRC 27 with 4m at 10.49 g/t and with deeper high grade mineralisation open at depth. Other intersections include hole GWRC 20 with 17m at 4.36 g/t, including 3m at 18.62 g/t and hole GWRC 21 with 5m at 3.34 g/t.

Mr Bannerman said all holes intersected gold mineralisation in excess of 1 g/t.

“Overall the results confirm the potential of the prospect to host an open-pit with underground potential below 100m requiring further drilling,” he said.