For thousands of other reports visit RSC's Mineral Intellingence Map
West Wits Mining Ltd.
Summary
| Project: | Witwatersrand | |
|---|---|---|
| Deposit: | Main and South Reef | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 3/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-3-2017: West Wits Mining Ltd. announces a Resource Estimation report for its Main and South Reef deposit at the Witwatersrand project. Initial Exploration Target Range for Main and South Reef . West Wits Mining Limited (“West Wits” or the “Company”) is | |
| Resources: | Exploration target: 150 - 200kt @ 5 - 7g/t Au at Main and South Reef | |
| CP/QP: | [Overall Report]: Andrew Tucks (Not stated) | |
| ABSTRACT: | West Wits Mining Limited (“West Wits” or the “Company”) is pleased to announce it has selected its second surface project for development, the Main and South Reef Project (“M&S Project”). The M&S Project is the second in a pipeline of 5-6 surface opportunities across the Soweto Cluster Gold Project, Gauteng Province, South Africa. The M&S Project forms part of the Company’s broader strategy to develop a number of surface opportunities providing cashflow to allow the Company to further expand its JORC statement from 1.374 Mozs as well as develop a larger mine plan with the aim of sustaining the production of 100,000 ozs per annum for a minimum 10 years. Michael Quinert, Chairman commented “The selection of the M&S Project is the result of a continuing review of the large pipeline of opportunities which the Soweto Cluster hosts. We intend to progress the development of M&S Project quickly and are in active discussion with potential contractors who have the necessary expertise and capacity. We are aiming to be in a position to execute a Heads of Agreement in the near term.” The M&S Project focusses on near-surface, remnant orebodies including “Crown Pillars” the Main and South reefs over a 3.3km strike length. These two reefs were of the earliest reefs discovered and mined on the Central Rand within the Witwatersrand Goldfields. An initial Exploration Target (ET) has been developed for the project. This Exploration Target relies heavily on a detailed review of an extensive database generated by previous leaseholder Durban Roodepoort Deep Limited (DRD) for the Mineral Resources they published under an earlier previous version of the JORC Code and released to the ASX in 2000. | |
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