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West Wits Mining (ASX:WWI) share price surges 23% on project update
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Bush clearing, shaft rehab under way at West Wits gold revival project
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West Wits Mining Limited s MD recaps progress across gold exploration assets in premier regions
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2021-07-20 by Proactive Australia
West Wits Mining Limited (ASX:WWI) has secured a crucial approval, establishing its right to mine at the Witwatersrand Basin Gold Project in South Africa.
The country s Department of Mineral Resources and Energy (DMRE) granted West Wits mining right application, with director general Adv Thabo Mokoena confirming the key approval.
Ultimately, the mining right brings the ASX-lister a step closer to producer status and operating in South Africa s Central Rand Goldfields, a region famous for hosting the world s largest-known gold reserves.
At Witwatersrand, West Wits hopes to produce more than 60,000 gold ounces every year across the project s 15-year mine life.
West Wits Mining (ASX:WWI) uncovers eight targets at Mt Cecelia
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West Wits Mining (WWI) has found eight gold and base metal targets from a heliborne electromagnetic survey at the Mt Cecelia project area in WA
Out of the eight targets, four of them have been labelled high priority
West Wits says finding these targets is a significant step towards a maiden drilling program in the 2021 field season
Additionally, West Wits has announced that drilling and planning activities at its Witwatersrand Basin gold project in South Africa are tracking well