Stonewall Resources to start underground gold exploration in South Africa
Stonewall Resources has converted the Old Order Mining Right for the Klipwal and Kortnek farms in South Africa to New Order Mining Right, allowing it to start gold exploration and mining.
The company will now re open the underground sections of the Klipal Mine to facilitate exploration. This will in turn allow the company to start full scale underground mining operations at a low capital expenditure.
Stonewall currently operates a tailings project at the Klipwal Mine and has the major infrastructure in place including shaft, winder, crushing and milling circuits, as well as an upgraded CIL plant.
The underground mine has been de watered, exposing substantial available reefs. These rights are part of the areas of gold mineralization held by Bosveld Mines Proprietary Limited, a subsidiary of Stonewall.
Klipwal and Kortnek are located about 400 kilometers southeast of Johannesburg. While historical data is not JORC compliant, reports indicate a very promising mining and exploration opportunity.
Intermittent mining (primarily during 1942/43) recorded production of 65,595 tonnes at a recovered grade of 5.72 grams per tonne for an output of 12,098 ounces gold and 1,546 ounces silver.
Bosveld re commenced operations in 1981 and operated until September 2000 during which period 1,004,084 tonnes were milled, producing 142,000 ounces of gold or an average recovery of 4.4 gram per tonne.
Underground workings at Klipwal are accessed by adits (down to 6 Level), a vertical shaft of 392 meters from surface to 12 Level and a sub vertical and subincline shaft for access to 15 Level (454 meters below Main Shaft collar).
Source - Proactive Investors