Exploration Patience is the Key to Discovery for Kingwest Resources Limited (ASX: KWR)

Updated: Apr 13

✦ Ed Turner, CEO of Kingwest Resources Ltd (ASX: KWR) explains why patience is a necessary virtue for exploration.

Ed Turner, CEO of Kingwest Resources Ltd, Noel Ong, Samso, featured on Brilliant-Online

Sometimes the treasure is right in front of us in plain sight. All we need to do is start exploring.

Kingwest has made a gold discovery in a project that has been there all this time. The geology may span millions of years, but explorers have only been scratching the surface of that area for only a few decades.

Over the years, we have heard the phrase "Cash is King" over and over again. The mineral exploration industry has lived and died on the fortunes of investors since the first geological expedition set out once upon a time.

For mineral exploration to work, we need three ingredients.

1. Patience is the biggest asset. Never leave home without it.

2. Next, it is a big boost to have an eager investment partner. We all need a bit of support to do big things.

3. Finally, explorers need to have Lady Luck close by their side. When she smiles on a project, one can literally strike gold.

As Noel Ong, CEO of Samso has discovered in his conversation with Mr. Turner, Kingwest Resources has been very fortunate to have the stars fall in perfect alignment with one another. Noel terms their recent exploration the Discovery Line, and it is nothing short of a miracle. All except two of the drillholes have intercepted mineralisation of some sort. For Noel as an exploration geologist, this is an unusually rare phenomenon.

It is typical to see negative results, especially at the beginning of the program. So Kingwest is certainly bringing some happy tidings.

There remains much work to be done, and perhaps some disappointments along the way, but speaking from an investor's point of view, Noel thinks this is going to be a happy ever after.


00:00 Start

00:15 Introduction

00:54 Ed introduces the Discovery.

01:53 What attracted Kingwest to the recent discovery?

04:23 Why has the target not been followed up before?

05:59 Are the lakes the Last Frontier?

07:07 Could this discovery open up more opportunities for Kingwest?

08:32 Has Kingwest discovered a Monster?

10:45 How deep could this mineralisation be?

11:51 The "discovery line" is significant....

13:15 Has Kingwest hit the target or is there something else?

14:41 Is the deep cover a saviour for Kingwest?

15:34 What is happening at Menzies?

16:51 Underground mining seems to go on forever.

17:23 Underground resources tend to not end abruptly.

17:51 The Importance of the Polymictic Conglomerate.

19:11 The Importance of Table 1.