West Wits sees rich alluvial gold within Derewo river

ASX-listed West Wits Mining Limited said there are indications of rich alluvial gold within Derewo river at its Derewo river gold project in Papua province based on latest analysis on database.

The analysis of this database indicates three separate anomalous zones including the potential source of the rich alluvial gold within the Derewo River. Each zone shows a separate geochemical signature.

The identification of these anomalies fast tracks the exploration program aimed at identifying the source of the Derewo alluvial gold as well as indicating an additional gold and an additional copper target.

The data was collected during several phases of exploration which followed a conventional helicopter reconnaissance and follow up program for this type of terrain.

Sampling techniques included: stream sediment sampling; panned concentrate; bulk sediment sampling; soil samples; outcrop samples; and outcrop channel samples.

The geochemical multi-element database was established from a significant sampling program of 2,486 samples (27,440 assays) across its three exploration permits covering 128,000 hectares.

This data provided three significant exploration targets ? Wopogi (Au/Cu), Sena (Au) and Biapigu (Cu).

Significant results within the data include a panned concentrate sample of 6,864 g/t Au and rockchip samples of 125 g/t Au, 19.1 g/t Au and 1.8% Cu.

The sample density of about 1/220 hectares for stream samples and panned concentrates provided adequate coverage to define the target areas, however many streams have not been sampled and their remains significant potential to identify additional areas. (romel)