Theta announces maiden resources, positive studies

SOUTH Africa-focused Theta Gold Mines has upgraded the resources at its flagship project to more than 6 million ounces and released a positive feasibility study for its Columbia Hill and Theta Hill deposits, confirming the project’s commercial viability for open cut mining.

Theta is looking to revitalise an old gold field.

16 May 2019
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The former Stonewall Resources said the 6Moz resource is contained within 44.8Mt grading 4.18 grams per tonne, plus the drilling has delivered the maiden reserves estimate of 2.3Mt at 2.

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