[ad_1]
West Wits Mining Limited () added an additional 428,000 ounces to its gold mine at the Witwatersrand Basin Project (WBP) in the world's largest gold deposit in South Africa
. Kimberley Reef has reduced the WBP 's overall resources to 3.67 million ounces of gold
About 65%, or 2.4 million ounces, are in the measured and indicated categories. , and other estimates of resources are on the horizon. West Wits President Michael Quinert said, "The Board is pleased to announce the continued growth of our Witwatersrand Basin Project through the strong work of our geology team." The goal is to continue exploration work to continue the growth of the World War I resource and to obtain the two mining permits requested. "
Mineral resource estimate of K9B Reef in the Kimberley East Project. 1]
One of the many reefs
K9B is one of the many gold-bearing Kimberley Reef mineral reefs, part of the East Kimberley Project.
West Wits predicts this project will become the first target of underground operations The estimate was updated after a data entry and validation process that included historical data on underground mines and surface diamond drilling. mpleted in 2009.
It captures historical data on mining and surface mining that have been subjected to modern estimation techniques to create areas of "superior quality" and "superior quality"
High-grade zones to be identified
results from the primary geological features of the reef and allows the identification of large, high-grade areas that will be targeted for underground production.
Global The Witwatersrand Basin Project
Work will now begin on a resource estimate for K9A, another gold conglomerate reef in the Kimberley Reef reef, which is approximately 20-30 meters above K9B. K9A and K9B show that both ore bodies can be developed and operated simultaneously using essentially the same infrastructure.
Quinert said: "A strong recovery in gold production from the Kimberley Central open pit for May-June is expected to support the cash flow needed to continue to fund project development while the World War I is preparing to intensify production.
Management also strives to accelerate mining and mineral rights applications to regulatory agencies that, after approval, will significantly increase production.
WBP includes two historic mining centers, Durban Roodepoort Deep (DRD) and Rand Bail, in the Witwatersrand Basin.
Strong Gold Heritage
Gold has been mined from these areas since 1886 with up to seven different horizons of gold conglomerates extracted from the surface up to 3,100 meters [19659002] Total Production for Combined DRD and Rand Rental areas exceeded 40 million ounces at grades greater than 5 g / t gold.
Mines (JSE: HAR) reported a production of 86,000 ounces of gold for fiscal 2017 at its Doornkop mine, which is directly adjacent to the western boundary of WBP.
Gold mineralization in the WBP is part of the Central Rand gold field hosted by the Witwatersrand group sediments
This gold field, located south of Johannesburg, hosted one of the largest reserves in the world. The most extensive gold in the world and, between 1897 and 2000, about 290 million ounces were extracted.
Source link
