For thousands of other reports visit RSC's Mineral Intellingence Map
Stonewall Resources Ltd.
Summary
| Project: | TGME | |
|---|---|---|
| Deposit: | Theta Hill | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 6/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2018: Stonewall Resources Ltd. announces an Exploration/Drilling Update report for its Theta Hill deposit at the TGME project. Drilling results incl. 3m @ 6.46g/t Au from 39m. Continued encouragement from the drilling at Theta Hill, and support from | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Phil Bentley (Internal) | |
| ABSTRACT: | Continued encouragement from the drilling at Theta Hill, and support from our new cornerstone shareholder through the recent A$5m funding announced on 4 May 2018, Stonewall Resources (ASX: SWJ, SWJO) (‘The Company’) recently mobilised a third drilling rig (RC) at Theta Hill to complement recent work to delineate a maiden open‐cut resource in the DG4 area. The follow‐up resource delineation diamond drilling at Theta Hill has continued to indicate positive results, with a 0.9m @ 9.28 g/t Au being intersected on the Lower Theta Reef in DDBH63 and other results which should aid the resource delineation program. At DG4, RC infill drilling has yielded 1.0m @ 5.0 g/t Au on the Lower Theta horizon (DG4LT16) from 27m to 28m; 2.0m @ 4.9 g/t Au in DG4LT11 from 32 to 34m; 4m @ 3.3 g/t Au in DG4LT12 from 26 to 30m; 1m @ 4.3g/t Au in DG4LT15 from 40 to 41m; and 3m @ 6.5g/t Au in DG4LT9 from 39 to 42m. The follow‐on drilling and trenching at DG4 is encouraging, with broad shallow widths of low‐grade gold mineralisation on the Bevett’s Reef horizon encountered which indicate a surficial orebody of reasonable scale which can potentially provide early feed to the CIL plant once reserves are established and the plant refurbished and upgraded. Managing Director, Rob Thomson comments “The reintroduction of the RC rig with certain modifications is assisting penetration to Lower Theta target depths in the difficult ground conditions. The drilling continues to deliver positive grades and confirms the thesis of shallow, widespread gold mineralisation at this location, right next to the processing plant. The recent focus on the DG’s, particularly DG4, should add to the ultimate ounces which form part of the Mineral Inventory we are currently targeting to underpin a resumption of gold production at the project as soon as possible”. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report