AMN - SOUTH AFRICA: Sol Plaatje resource released

West Wits Mining (WWI) has released the Mineral Resources Estimate for the Sol Plaatje Project (SPP) which forms part of the Soweto Cluster gold project in South Africa’s Gauteng province.

Highlights:

-          Total Resource (2.0 grams/tonne cutoff) – 346,000 tonnes @ 4.3 grams/tonne Indicated 76,500 tonnes @ 4.0 grams/tonne and Inferred 270,000 tonnes @ 4.3 grams/tonne gold

-          WWI receives a priority payment of 0.6 grams/tonne gold (about $25) for each tonne of ore processed from SPP

-          Soweto Global Resource increased by 48,000 oz gold at a 2.0 grams/tonne cutoff to 12.7 million tonnes @ 3.38 grams/tonne gold.

West Wits Mining chairman Michael Quinert says: “This new resource demonstrates high-grade near surface ores are available at SPP. This resource provides the company with increasing confidence for the potential further expansion of the project.”

Ore from SPP is now being extracted and processed at the nearby Mogale plant. To date more than 72,000 tonnes of material has already been excavated from pit 1 at SPP which includes over 5200 tonnes of ore. The mining contractor is initially targeting some 180,000 tonnes to be mined from two pits. Under the agreement with the mining contractor West Wits receives a payment equivalent to the value of 0.6 grams/tonne gold for each tonne of ore processed. Further production updates will be provided in the coming weeks.

This new mineral resource estimate has been generated using new sampling data from extensive trenching and sampling of prospective conglomerate reef horizons within the Kimberley Formation. The results are presented in accordance with the JORC 2012 code and the company’s stated policy to standardise resource reporting at a 2.0 grams/tonne cutoff.

www.westwitsmining.com