West Wits updates Derewo gold project in Papua
Wednesday, September 4 2013 - 03:56 AM WIB
ASX-listed West Wits Mining Limited said Wednesday that infrastructure development work continues at the Derewo River Gold Project, Papua Province.
The company said in a statemen that over the last four weeks it has focused the work program for its excavator and front end loader on constructing the airstrip at the alluvial site.
?The airstrip centreline has now been completed along with a substantial portion of the clearing work. Over the next two weeks the company expects to have completed clearing and cutting the airstrip. Final surfacing work will then take place which is expected to be completed in 1 to 2 weeks,? it said in a statement.
With construction of the airstrip underway West Wits? has proceeded with procurement of a concentrator for its mining activities. Pre-mining earthworks and site preparation will commence in 2 to 3 weeks following which trial mining will start utilising a conventional alluvial recovery circuit. The new concentrator plant is expected to now be on site in eight weeks which will allow for a scale up of mining activities, the company said.
West Wits is pleased to advise that development work continues at the Derewo River Gold Project, Papua Province, Indonesia (?Derewo?). Over the last 4 weeks the Company has focused the work program for its excavator and front end loader on constructing the Company?s airstrip at the alluvial site. The airstrip centreline has now been completed along with a substantial portion of the clearing work. Over the next two weeks the Company expects to have completed clearing and cutting the airstrip. Final surfacing work will then take place which is expected to be completed in 1 to 2 weeks.
With construction of the airstrip underway West Wits? has proceeded with procurement of a concentrator for its mining activities. Pre-mining earthworks and site preparation will commence in 2 to 3 weeks following which trial mining will start utilising a conventional alluvial recovery circuit. The new concentrator plant is expected to now be on site in eight weeks which will allow for a scale up of mining activities.
West Wits currently owns a 50 percent interest in the alluvial gold project and 50% of the exploration rights for the hard rock source of the alluvials, which will increase to 80% on $2 million being spent on exploration.
The Derewo River Gold Project is owned through its local Indonesian subsidiary PT Madinah Qurrata'ain (PTMQ) with local partners the Suhari family of Makassar.
The project consists of one granted 40ha mining licence, an application for a further 491ha mining license, a granted exploration license of 86,000ha and two further exploration applications encompassing 43,000ha.
Editing by Reiner Simanjuntak