05 Jul West Wits Mining grows gold resource at Witswatersrand project in South Africa
ASX-listed West Wits Mining has added 149,000 gold ounces to its mineral resource estimate for the Witswatersrand Basin Project in South Africa, following a recent infill drilling campaign.
The additional gold ounces have increased the project’s measured, JORC-compliant estimate to 7.33 million tonnes of resource with an increased 4.5 g/t grade for 1.06 million gold ounces at a 2 g/t cut-off.
The global mineral resource estimate for the Witwatersrand gold play now totals 32.78 million tonnes of resource at 4.24 g/t for 4.47 million gold ounces at the same cut-off grade.
Situated within South Africa’s Central Rand Goldfield, the Witswatersand Basin Project forms part of a largely underground geological formation that surfaces in the globally renowned Witwatersrand gold region.
This area hosts the world’s largest known gold reserves and has produced over 1.5 billion ounces, which represents about 22% of all the gold accounted for above the surface.
West Wits considers the mineral resource update a critical step towards establishing the project’s maiden ore reserve, which is expected after an independent definitive feasibility study is completed.
“The successful completion of the infill exploration programme has significantly advanced the company’s mine plan on the Qala Shallows area of the project where the first mining is to be undertaken,” said West Wits managing director Jac van Heerden.
“The team have been busy advancing mine development planning in parallel to the mining right application process.”
Ultimately, West Wits hopes to produce 60,000 ounces of gold per annum from Witswatersrand over the project’s 15-year mine life.