FYI....
Steenkampskraal
Exploration at Steenkampskraal will encompass three distinct components:
Confirmation drilling that is intended to become part of a
National Instrument 43-101 resource estimate.
Exploratory drilling at the Steenkampskraal minesite.
Exploratory drilling in the Steenkampskraal region.
The confirmation drilling program began in September 2011 and will run through year-end. The focus of the drill program is to confirm the data available from the historical records obtained from Anglo American and other operators, both during the time Anglo operated Steenkampskraal as a monazite mine, and subsequent to the mine closure. This data destimates an in situ grade in the range of 17% REO. Assuming the current drilling confirms the historic assay results, Steenkampskraal will be one of the highest-grade rare earth projects in the world.
Exploratory drilling is also planned during the same time frame. It is to take place within the 474 hectares that comprise the Steenkampskraal mine site area. It is anticipated that the exploratory program will serve to expand on the approximately 27,000 tonne (30,000 ton) contained REO size of the deposit based on historical data.
Regional drilling is also planned surrounding the Steenkampskraal site. As at today, the South African government did not approve the original permit application. That decision is being appealed and exploration will be launched upon receipt of the approval.
In addition, GWMG is evaluating the potential for additional monazite from a number of sources. This includes primary monazite sources as well as monazite contained in the tailings of other mining operations. Should GWMG be able to economically obtain the monazite from operations like these, it could provide significant additional feed for the processing plant at Steenkampskraal
AI
