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: | 12/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-12-2017: Stonewall Resources Ltd. announces an Exploration/Drilling Update report for its Theta Hill deposit at the TGME project. Drilling results incl. 2m @ 16.5g/t Au from 25m. As announced to the ASX on 8 December 2017, the initial program of Revers | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Uwe Engelmann (Minxcon Projects (Pty) Ltd.) | |
| ABSTRACT: | As announced to the ASX on 8 December 2017, the initial program of Reverse Circulation (“RC”) drilling at Theta Hill has been completed (Figures 1, 2). The objective of this program was to confirm the concept of a potential open‐cut resource, following the identification of shallow, multiple stacked reefs through the review of historical information and data. Stonewall MD Rob Thomson commented “The initial results at Theta Hill are highly encouraging, with shallow, high grades confirmed validating our geological modelling. The focus here is on potential open‐ cut, oxide gold resources adjacent to the CIL plant, which may be developed quickly, providing cashflow for development of our underground mines such as Rietfontein. We look forward to conducting further drilling and work on mine planning into 2018, and will update the market on this strategy further in coming weeks” A total of 613m were drilled for 11 RC boreholes, ranging in depth from 20m – 105m, with an average depth of 55.7m. Drilling aimed to intersect the Bevett’s, Upper Theta, Lower Theta and Beta Reefs. Stonewall is pleased to confirm that assay results from the first 10 holes have confirmed high‐grade, gold‐bearing reef at shallow depth. | |
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