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West Wits Mining acquiring producing Pilbara conglomerate gold asset

Last month, the company had pounced on another Pilbara conglomerate gold project.
West Wits project map
Mining operations already producing cash flows

West Wits Mining Limited (ASX:WWI) is acquiring three Pilbara conglomerate gold mining leases (Tambina Project), along with a small-scale mining operation currently in place.

Importantly, this geological setting is similar to Novo Resources Corp’s (CVE:NVO) Purdy’s Reward conglomerate gold project in West Pilbara and West Wits’ Mt Cecelia project area.

Last month, the company had pounced on one of the few remaining project areas in the eastern Pilbara (Mt Cecelia) that is prospective for conglomerate gold mineralisation.

READ NEXT: West Wits Mining pounces on one of the latest areas prospective for Pilbara Conglomerate Gold

West Wits will aim to expand operations at the Tambina Project as the acquisition is on three mining leases which are already producing via small scale mining.

With mining operations already producing cash flows, West Wits will be positioned ahead of numerous peers in the Pilbara which are still at the exploration phase.

The Tambina Project has the potential to host a palaeo-placer gold deposit associated with the pyritic conglomerates that are part of the Lower Fortescue Group.

West Wits is aiming to move quickly to undertake further work with a view to delineate a resource and scale up mining operations at the Tambina project.

To expedite this objective, the next phase is further detailed geological work to locate the highest grade areas within the project.

This will initially involve reviewing all past work and then conducting a ground geophysical survey to locate the areas of greatest pyrite concentrations.

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