The focus remains on open cast mining of shallow upper gold reefs near the surface ? ------------------------------------- The strategy is to mine high grade open cast resources, which have a lower risk profile, Are less capital intensive and which are faster to develop than underground deposits ? ------------------------------------ The prospect area that can be accessed and explored is about 620 Square Kilometre ? ------------------------------------------- https://www.miningreview.com/southern-africa/theta-gold-mines-take-receipt-of-ball-mill/ --------------------------------------- https://www.miningreview.com/gold/theta-gold-mines-reawakening-a-gold-giant-in-south-africa/ ---------------------------------------- https://city-press.news24.com/Business/pilgrims-rest-gets-set-for-a-new-gold-boom-20200327
April 9th UPDATE on South African Waterberg platinum group metals project ? ------------------------------- The Waterberg Mine can be a fully mechanized, SHALLOW DECLINE ACCESS MINE ?? ---------------------------------- The project envisions 420 000 oz/y of platinum, palladium, rhodium and gold ? ------------------------------------ The reserves are currently defined as 19.5-million ounces ? ----------------------------------------------- The length of the deposit area that will be mined is 8 km long ? --------------------------------- In 2019 South Africa produced 2.65-million ounces of palladium, representing 38% of global mine supply, which was 6.89-million ounces ? --------------------------------- https://www.miningweekly.com/articl...-after-south-african-lockdown-ends-2020-04-09 -------------------------------------
UPDATE on Pilgrims Rest Gold project in South Africa ? ----------------------------------- We’re yet to find a geologically similar gold deposit, globally ? ------------------------------------- When you look around the world, it’s rare to have vertical and horizontal reef systems. It’s either two different gold systems or one giant system. Either way the potential is exciting. We’re yet to find a geologically similar gold deposit, globally ? -------------------------------------- Modern mining techniques and high-powered machinery for open-cut, combined with accurate laser surveying, resource modelling and modern processing technology will allow South Africa to explore and develop the gold deposit ? --------------------------------------- The largest recorded nugget from the Pilgrims Rest area was the Breda Nugget, weighing in at 214 oz (more than 6 kg) ? ------------------------------------------------ http://thetagoldmines.com/projects/our-story-2/