Australia's Kingwest Resources posts record drop on weak grade gold find
17/06/2022 02:31
** Shares of Kingwest Resources KWR.AX plunge as much as
31.5% to A$0.063, biggest-ever intraday fall, if losses hold
** Says the first two drill holes at the Sir Laurence gold
targets at its Lake Goongarrie project have not found economic
grades of gold urn:newsml:reuters.com:*:nASX9BkXwk
** Maintains that the target area retains "strong potential"
to host a large mineralised gold deposit
** Stock hits lowest level since Aug 31, 2021
** KWR down 52.8% YTD as of last close
(Reporting by Harshita Swaminathan)
((Harshita.Swaminathan@thomsonreuters.com))
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