For thousands of other reports visit RSC's Mineral Intellingence Map
Wilton Resources Corporation Ltd.
Summary
| Project: | Ciemas | |
|---|---|---|
| Deposit: | Ciemas | |
| Location: | Indonesia | |
| Commodities: | Gold | |
| Date: | 10/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-10-2018: Wilton Resources Corporation Ltd. announces a Resource Estimation report for its Ciemas deposit at the Ciemas project. Updated mineral resource estimate and ore reserve at the Ciemas Gold Project. In 2017, PT. Wilton Wahana Indonesia (“Wilton” | |
| Resources: | (Reserve, Prob.): 3.26Mt @ 7.7g/t Au | |
| CP/QP: | [Resources]: Anson Xu, Pengfei Xiao (SRK Consulting) | |
| ABSTRACT: | In 2017, PT. Wilton Wahana Indonesia (“Wilton” or “the Company”) commissioned SRK Consulting (China) Limited (“SRK”) to conduct a feasibility study to develop the defined mineral resources of the Ciemas Gold Project (“Ciemas”) located near the town of Pelabuhan Ratu in the Sukabumi Region of West Java, Indonesia. Furthermore, SRK was required to update the technical report on the project with new findings of the feasibility study and to issue an Independent Qualified Person’s Report (“IQPR” or the “Report”) for inclusion in documents to be submitted to the Stock Exchange of Singapore Limited (“SGX”). Wilton operates the Ciemas Gold Project in West Java, Indonesia with two mining licences covering a total area of approximately 30.8 square kilometres (km2 ). The gold mineralization in Ciemas is hosted in quartz veins, structural altered rocks with tectonic breccia, or in quartz porphyry. A number of mineralized zones have been identified in the Project, among which four main prospects (“4 Main Prospects” or “4 Prospects”), namely Pasir Manggu West, Cikadu, Sekolah and Cibatu, and other two prospects, Cibak and Cipancar, were explored with adequate density of core drilling or shallow shafts. SRK has reviewed the exploration work and the integrated database, and estimated that the Ciemas Project contains approximately 3.42 million tonnes (“Mt”) of Measured + Indicated Resources averaging 8.6 grams per tonne (“g/t”) of gold, and about 2.56 Mt of Inferred Resource averaging 6.5 g/t of gold at the areas of Pasir Manggu, Cikadu, Sekolah, and Cibatu, plus Cibak and Cipancar. It is proposed that both underground mining and open-pit mining will be applied to mine the mineral resources. From 20 meters underneath the surface, underground mining method will be used, and the top 15 meters will be mined by using open-pitting method. Open-pit operation will be in the last two years of underground mining. The overall production capacity designed for the Ciemas Gold Project is 1,500 tonnes per day (“t/d”). For underground mining, there will be two mining systems, one at Pasir Manggu West, and the other is for Cikadu-Sekolah-Cibatu. The primary access for the Pasir Manggu West consists of incline shaft for main access and vertical shafts for ventilation. The primary access of the mining system for other three deposits consists of declines for main access and vertical shafts for ventilation. The Pasir Manggu West system will have a production capacity of 300 t/d and the other system for Cikadu-Sekolah-Cibatu will have a capacity of 1,200 t/d. | |
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