wwi - real prospects near the 2 top gold mines, page-2

bsh
a while back I googled placer gold deposits to see what we could expect from our deposits (potentially) and found this interesting piece.

In 2010, South Africa was the world’s fourth largest gold producer. The country is home to some of the world’s most important gold mining companies like AngloGold Ashanti, Gold Fields and Harmony Gold Mining.

About 95% of South Africa's gold mines are underground operations, reaching depths of over 3.8 km. Due to declining ore grades, increased depth of mining, personnel problems, power interruptions and rising production costs the output has been steadily falling.

South Africa has vast gold ore reserves, estimated at 6,000 t. Its main gold producing mines are located on the Archaean Witwatersrand Basin. This basin has been mined for more than 100 years and has produced more than 41,000 t of gold. Currently, seven gold fields are being exploited within the Witwatersrand Basin.
Unlike most of the world’s major gold deposits, the Witwatersrand is an ancient placer deposit, with gold being hosted by conglomerates and grits. The Wits sedimentary basin stretches through an arc of approximately 400 km across the Free State, North West and Gauteng Provinces.
source-http://gold.infomine.com/countries/

have chatted with management about what they realistically expect to uncover and they believe a couple of deposits each containing approx 5 million oz each would not be out of the question, but we all know it counts for zilch at this stage only the sample results and sluice box will unlock it's potential.

regards timmo