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West Wits Mining Ltd.
Summary
| Project: | Witwatersrand | |
|---|---|---|
| Deposit: | Witwatersrand | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 12/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-12-2017: West Wits Mining Ltd. announces a Resource Estimation report for its Witwatersrand deposit at the Witwatersrand project. Mineral resource update increases Oz's to JORC 2012 code. West Wits Mining Limited (“WWIs” or “the Company) is delighted t | |
| Resources: | (Resource, Total): 29.58Mt @ 3.4g/t Au for 3.261Moz contained at Witwatersrand | |
| CP/QP: | [Resources]: Hermanus Swart (Shango Solutions) | |
| ABSTRACT: | West Wits Mining Limited (“WWIs” or “the Company) is delighted to announce a material increase in its Witwatersrand Basin Project’s (WBP) (66% interest) Global Mineral Resource Estimate to 3.26 Moz Au (from 1.38 Moz Au) that complies with the JORC 2012 Code. Within the WBP, there are six defined gold mineralised conglomerate reefs – this upgrade covers the eastern portion of the Kimberly Reef Outcrop (refer Figure 1) following a comprehensive geology and engineering review. *** Michael Quinert, Chairman commented: “It is pleasing to be heading into 2018 with an exceptional resource upgrade at our Witwatersrand Basin Project in South Africa. Clearly, the newly declared Kimberley Reef East resource is a massive gain for the Company. Further, increasing the JORC 2012 Mineral Resource to 3.26 Moz Au, with approximately 80% in the measured and indicated categories, highlights the project’s significant upside potential. The geology team is continuing to evaluate historic resources across the licence and is confident of further growth in the new year. Clearly, 2017 has been a year of significant change for WWI and the Board is strategically focused on fast-tracking developing profitable gold mining operations in the Witwatersrand Basin and Pilbara region.” | |
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