For thousands of other reports visit RSC's Mineral Intellingence Map
Stonewall Resources Ltd.
Summary
| Project: | TGME | |
|---|---|---|
| Deposit: | Vaalhoek | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 3/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-3-2018: Stonewall Resources Ltd. announces a Resource Estimation report for its Vaalhoek deposit at the TGME project. Initial mineral resource estimate at Bentley project. Stonewall Resources Limited (ASX: SWJ, “The Company”) is pleased to announce a th | |
| Resources: | (Resource): 0.111Mt @ 17.25g/t Au for 61.7Koz (Ind.), 0.505Mt @ 16.80g/t Au for 273.0Koz (Inf.) | |
| CP/QP: | [Resources]: Uwe Engelmann (Minxcon Pty Ltd.) | |
| ABSTRACT: | Stonewall Resources Limited (ASX: SWJ, “The Company”) is pleased to announce a third open‐cut discovery at Vaalhoek with maiden high grade open‐cut resource. This is our third open‐cut target after Theta Hill and Columbia Hill. This maiden resource forms part of the successful Project Bentley to identify potential high grade open‐cut opportunities with near term production potential. This resource upgrade is part of an overall annual JORC review of all project areas and completion of this work is anticipated by the end of April 2018. Stonewall MD Rob Thomson commented: “The investment by Stonewall into a complete re‐assessment of the geological potential of the tenement area with a recent focus on open‐cut targets, continues to uncover excellent opportunities. This maiden high‐grade open‐cut resource demonstrates the potential for multiple open cut mines in the area. With an additional open cut resource expected within the coming weeks from the Theta Hill drilling currently underway, the company is starting to build towards multiple high grade, low capital intensity open‐cut deposits and we plan to be in a position to begin plant refurbishment and submit mine plans in 2018. We expect further positive news flow, including further increases to our resource base and the development of reserves to underpin re‐development of the TGME project. These plans are complementary to our ongoing plans to re‐open the Rietfontein Mine”. | |
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