AUS
NZ
UK
CA
USA
IND
Highlights
- Three new gold targets identified at Kanowna East
- Drilling campaign scheduled to begin in Q2 2025
- Project located near major gold-producing regions
Accelerate Resources (ASX:AX8) is making strides in its gold exploration journey with the identification of three high-impact drill targets at its recently acquired Kanowna East project, situated near the renowned Kalgoorlie gold mining region in Western Australia.
The company generated the new targets following extensive geological re-interpretation and data analysis based on fieldwork conducted in February 2025. Leveraging advanced exploration techniques, Accelerate has zeroed in on areas with strong potential, setting the stage for an upcoming reverse circulation and aircore drilling program later this quarter.
The Kanowna East project was secured earlier this year when Accelerate acquired a 70% interest from Metal Hawk (ASX:MHK), aligning with its broader strategy to grow its footprint in the gold sector. The project’s proximity to established operations like Kanowna Belle and the Kalgoorlie Super Pit positions it strategically in one of Australia’s most gold-prolific belts.
Target areas include extensions of a 600-metre-long palaeochannel and the identification of a promising bedrock source at the Western Tiger prospect. Additional targets have been delineated using geophysical anomalies that suggest the presence of mineralised systems yet to be tested.
Historic exploration by Metal Hawk has already returned compelling assay results, including 4 metres at 17.7 grams per tonne (g/t) gold from 75 metres depth and 3 metres at 7.1g/t gold from 55 metres. These findings point to the existence of both palaeo-surface and deeper basement-hosted gold mineralisation, reinforcing the potential for significant discoveries.
Accelerate has advanced regulatory processes, lodging its program of works and initiating a heritage survey in preparation for the drilling phase. The company anticipates commencing its maiden drill campaign in Q2 2025.
Commenting on the progress, Accelerate’s CEO Luke Meter noted that the technical team has enhanced its understanding of the project's geology using multiple datasets and geophysical tools. This work has laid the groundwork for a pipeline of drill-ready targets, aimed at tapping into the untapped potential of the underexplored terrain.
With a clear focus on unlocking value from this highly prospective region, Accelerate is positioning itself to play a prominent role in Australia’s next wave of gold exploration success stories.
