West Wits Mining (ASX: WWI) has unveiled a significant increase to the Global Mineral Resource update at the company’s Witwatersrand Basin Project (WBP) in South Africa.
Managing Director, Jac van Heerden, said the results significantly grow the previously stated MRE by 724,000oz (20%) and increases grade by 0.32g/t Au for the combined Bird Reef (BR), Main Reef Leader (MRL) and Main Reef (MR) of the WBP area.
“This upgrade to our flagship gold project provides a tremendous boost to our confidence in the WBP mine plan,” Mr van Heerden said.
“This Mineral Resource update does not include areas removed on granting of the Mining Right and are now subject to new Prospecting Right applications which, if successful, will reinstate portions of the historical Mineral Resource.
“Moving into the 4Moz figure range at a robust grade of 4.58g/t gold, once again, confirms the vigorous nature of the gold resources contained within the Witwatersrand Basin Project.
“Increasing the MRE by 20% in ounces and grade by 0.32g/t sees us ending 2021 on a high note. We are very much looking forward to a prolific 2022, commencing with the production from our Early Mining Initiative.”
Overview
West Wits’ Global Mineral Resource Estimate (MRE) now stands at 4.28 million ounces at 4.58 g/t Au within its Mining Right area. The new MRE is an update of the previously announced (23 July 2021) MRE and represents a significant growth of 724,000oz in-situ gold content for the combined Bird Reef, Main Reef Leader and Main Reef of the Witwatersrand Basin Project East area.
This is additional to the potential inclusion of the ounces the Company aims to delineate as part of its recently announced prospecting right application, if granted.
The upgrade of the MRE has resulted in a:
• Net increase of 766,000oz in the measured category, which is a noteworthy increase of 112%.
• Substantial 0.32g/t increase of the global MRE grade to 4.58g/t.
The current upgraded MRE is based on modelling to a depth of 1,000m below surface maximum for the Main Reef, Main Reef Leader and the Bird Reef. Where-as, the geological modelling and resource estimation of the previous MRE was extended only to a maximum depth of ~400m below surface for these areas.
Only the MRE for the Kimberley Reefs were previously extended below 400m, having a maximum depth of 1,500m. Rock and Stock Investments (Pty) Ltd undertook the geological modelling and resource estimation of the Main Reef, Main Reef Leader and Bird Reef East.
The Mineral Resource estimations were done in compliance with international best practices, including JORC standards (2012) and focused on the eastern limits of the company’s WBP area.
For further information please visit: https://westwitsmining.com/
