West Wits Mining’s 66 per cent owned Witwatersrand Basin project in continues to get bigger with the global mineral resource estimate for the South African project growing over 136 per cent.
The JORC 2012 compliant resource now stands at 3.26 million ounces gold up from 1.38 Moz gold with approximately 80 per cent in the measured and indicated categories.
The upgrade covers the eastern portion of the Kimberly Reef Outcrop following a comprehensive geology and engineering review. The project contains six defined gold mineralised conglomerate reefs.
Clearly, the newly declared Kimberley Reef East resource is a massive gain for the Company,” West Wits chairman Michael Quinert said.
“Further, increasing the JORC 2012 Mineral Resource to 3.26 Moz Au 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.
West Wits is strategically focused on fast-tracking developing profitable gold mining operations in the Witwatersrand Basin and Pilbara region.
The company (ASX:WWI) closed almost 4 per cent higher at 2.7c.