Stonewall Resources commences drilling at Theta Hill gold prospect
Stonewall Resources Limited (ASX:SWJ) today informed the market it had commenced diamond drilling at its Theta Hill gold prospect this week, while an RC rig is being used to test targets as part of planning for potential open‐cut resource calculations and feasibility work for later in the year.
SWJ announced last week the maiden open cut resource at Vaalhoek of 0.62Mt @ 16.9g/t gold for 335koz (88% Inferred).
Drilling contractor OMT Exploration Drilling has now commenced the drilling with diamond tails to be completed on 20‐25 holes. The programme is expected to be completed by April, with assays made available from late March. All going to plan, SWJ expects a maiden open‐cut resource at Theta Hill by May 2018.
Now, at the same time, it should be noted that this company represents a speculative investment and those considering this stock for their portfolio should seek professional financial advice before making a decision.
The Theta Hill prospect is SWJ’s current focus for establishing a second JORC open‐cut resource as part of Project Bentley, which would mark an exciting milestone for the small-cap.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.