Stonewall Resources (ASX: SWJ) is a stock on the move with the company's shares jumping 25% Thursday to $0.15 on solid volume of 615,000 shares.
The company recently reached 2.8 million ounces of gold resource to add to its gold portfolio for two new areas at its South African projects at Duke’s Hill and the Beta Main Rock Dump.
Stonewall’s TGME Project is located around the towns of Pilgrims Rest and Sabie in the Mpumalanga Province of South Africa, which is one of South Africa’s oldest gold mining districts.
Stonewall owns 74% of TGME.
The company began production from the TGME Project tailings operations in the 2nd quarter of 2011 and commissioned the second tailings operation at the Bosveld Project in the 3rd quarter of 2012, and is currently earning revenue from both operations.
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