West Wits Mining Limited (ASX:WWI) has revealed a new exploration target of 650,000 to 1 million gold ounces for the K9A reef at the Kimberley East Project within the world’s largest goldfield in South Africa.
New exploration target for the K9A reef
Notably, the recent resource estimate for the Kimberley Reef added 428,000 ounces to West Wits’ total resource at the Witwatersrand Basin Project (WBP).
READ: West Wits Mining adds 428,000 ounces to South African gold bounty
The new resource is focused on a single conglomerate band - K9B - within the Kimberley East area reef complex which is estimated to hold 12.4 million tonnes at 3.1 g/t for 1.25 million ounces of gold at a 2.0 g/t cut-off.
West Wits Chairman Michael Quinert said: “The Kimberley East area offers West Wits a unique opportunity that arises from the differing mining history of the Kimberley Reef package across the area of the Mining Right Application.
“Essentially, the Kimberley reefs were extensively mined on the Western or DRD portion of our project however only limited mining of the same reefs occurred on the Eastern or Rand Lease’s portion”
Quinert added: “The recent MRE highlighted the considerable potential for the K9B reef which will form the basis of our first underground operation, importantly the K9A band is also mineralised and we are planning to commence preparing a new resource estimate for this reef.”
West Wits is now planning a works program for estimating a resource for the K9A band, another gold bearing conglomerate reef in the Kimberley East area.