Seriously - cheapest high grade goldie asx ?
26m mc.
5.15Moz (34.7Mt @ 4.62g/t Au)
" An annual review of Group JORC (2012) Mineral Resources for Stonewall Resources (ASX: SWJ, SWJO) has seen a 39% increase (+1.43Moz) in total gold Mineral Resources to 5.15Moz (34.7Mt @ 4.62g/t Au, 24% Measured and Indicated, 76% Inferred)
This major technical exercise has been delivered on schedule by the company’s independent geological consultants, Minxcon
Driven by a 146% increase (+975koz) in Mineral Resources at Glynns‐Lydenburg (to 9.8Mt @ 5.2g/t Au for 1.64Moz, 100% inferred) and inclusion of the Vaalhoek Mineral Resource (+581koz)
This Mineral Resource excludes the focus of current drilling at Theta Hill, hence is expected to grow further once the current drilling campaign is completed and a maiden JORC (2012) Mineral Resource estimated
The largest contributor to this increase in the Mineral Resource is due to the process of collating, capturing and digitising historical datasets and re‐investigating the historical mining potential through modern modelling and estimation techniques. The largest contribution is from the Vaalhoek and Glynns‐Lydenburg mines which have not had a complete Mineral Resource estimated until now
The focus is now on upgrading Inferred Mineral Resources to the Indicated category, ahead of planned Mineral Reserves declaration under JORC 2012."
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- Ann: Group Gold Mineral Resources Increase 39% to 5.1Moz
Ann: Group Gold Mineral Resources Increase 39% to 5.1Moz, page-3
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