Its time to remind investors of the potential of West Wits Derewo Project in Papua Province.
Under is from a company presentation in 2011 and it is all about to begin in earnest.
Im excited and glad I have had the opportunity to average down in recent times.
NAVYGULF
•West Wits has acquired Derewo River Gold Project, Papua Province, Indonesia
•Derewo is a high grade placer deposit with coarse gold nuggets occurring within alluvial gravels
•Similar characteristics to early stage Porgera, Edie Creek, Wau, Mt Kare in PNG
•World class copper/gold Grasberg complex 100km along strike
•129,000 hectares of mining and exploration leases and applications
•Exploration target - source of alluvial gravels
•Historic Freeport data highlight three significant exploration targets
•Significant panned concentrate assay of 6,864 g/t Au
•Significant rock chips included 125 g/t Au, 19.1 g/t Au and 1.8% Cu
•Target models – Porgera Zone 7 (20moz) and Wafi/Golpu (30moz) - PNG
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- panned concentrate assay of 6,864 g/t au
panned concentrate assay of 6,864 g/t au
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