Accelerate Resources Limited (ASX: AX8) has reported encouraging results from its maiden reverse circulation drilling program at the Kanowna East Project near Kalgoorlie, Western Australia. The 10-hole, 1,662m program confirmed gold mineralisation at the Little Lake prospect, including intercepts of up to 4.1 g/t Au, and visible gold in paleo-gravel horizons. At the Western Tiger prospect, drilling intersected a sulphide-rich zone with strong arsenic anomalies, interpreted as a redox front extending over 3km, highlighting further potential for gold mineralisation.
The company plans to expand its exploration program following heritage approvals, with step-out drilling to test continuity at Little Lake, structural intersections at Western Tiger, and broader paleochannel systems. Regional prospects, including Perkolili and Dingo Dam, are also scheduled for testing. Situated close to the +6Moz Kanowna Belle gold mine, Kanowna East continues to demonstrate significant potential for both surface and basement gold systems.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.