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Stonewall Resources Ltd.
Summary
| Project: | TGME | |
|---|---|---|
| Deposit: | TGME | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 5/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-5-2018: Stonewall Resources Ltd. announces a Resource Estimation report for its TGME deposit at the TGME project. Annual update of mineral resource estimate at project. Following the comprehensive review of historical information initiated in 2017, SWJ | |
| Resources: | (Resource, Total): 34.66Mt @ 4.62g/t Au for 5147Koz Au contained at TGME | |
| CP/QP: | [Resources]: Uwe Engelmann (Minxcon Pty Ltd.) | |
| ABSTRACT: | Following the comprehensive review of historical information initiated in 2017, SWJ in conjunction with geological consultants Minxcon, have established a new digital data‐set which has enabled a substantial upgrade of Mineral Resources to over 5.0Moz. This Mineral Resource is expected to continue to grow, with further reviews of other mines within the Company’s portfolio, as well as current drilling ongoing with up to 3 rigs at Theta Hill and neighbouring areas. Thousands of data‐points including drilling data, underground face sampling and other data has been incorporated into the database, the result of staff and consultant dedication over the last year or more. Managing Director, Rob Thomson comments “We are very pleased with the progress made over the last year in re‐evaluating all of the historical data accumulated through over 130 years of mining in the vicinity of the TGME project. We thank our independent geologists Minxcon of South Africa for completing this work on schedule for the end of April, 2018. This latest Mineral Resource upgrade has added a further 1.43Moz to our Mineral Resource base, with numerous targets identified for follow‐up drilling and evaluation for additional Project Bentley open‐cut targets as well as new underground opportunities. We expect this Mineral Resource to grow further in coming weeks with the inclusion of maiden Mineral Resources at the high grade Theta Hill open cut and we continue to progress towards our goal of restarting gold production at the earliest opportunity” | |
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