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West Wits Mining Ltd.
Summary
| Project: | Witwatersrand | |
|---|---|---|
| Deposit: | Witwatersrand | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 7/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-7-2018: West Wits Mining Ltd. announces a Resource Estimation report for its Witwatersrand deposit at the Witwatersrand project. Updated mineral resource estimate at the project. West Wits Mining Limited (“WWIs” or “the Company) is delighted to announc | |
| Resources: | (Resource, Total): 34.1Mt @ 3.4g/t Au for 3.673Moz contained at Witwatersrand | |
| CP/QP: | [Resources]: Hermanus Swart (Shango Solutions) | |
| ABSTRACT: | West Wits Mining Limited (“WWIs” or “the Company) is delighted to announce a further increase in WBP’s JORC compliant Global MRE to 3.67Moz Au, from 3.26Moz Au Michael Quinert, Chairman commented: “The Board is pleased to announce the continued growth of our Witwatersrand Basin Project through the solid work of our geology team. The Board’s goal is to continue exploration work to further grow WWI’s resource and obtain the two applied for mining permits in the second half of 2018. A solid recovery in gold production from the Kimberley Central Open Pit for May-June should underpin the necessary cash flow to continue funding project development as WWI prepares to scale up production over the balance of the year.” The new MRE is stated for the K9B conglomerate band (Figure 3), one of several gold mineralised reefs within the broader “Kimberley Reef”. The estimate was carried out after a detailed data capturing and validation process that included historic underground mining data as well as surface diamond drilling completed by WWI in 2009. It is planned that the Kimberley East Project will be the first underground target of operations once the Mining Right over the Witwatersrand Basin Project is granted in 2019. Effectively, the new MRE captures both historic mining and surface data that has been subjected to modern estimation techniques to create domains of higher grade “pay shoots” and lower grade “overbank” areas that are interpreted to result from the primary geological features of the reef. This is crucial as it allows for the identification of large highgrade areas that will be targeted for underground production | |
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