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Stonewall Resources excited by open-cut potential at TGME gold project

Rob Thomson, managing director at Stonewall Resources Ltd (ASX:SWJ), spoke to Proactive's Andrew Scott on site at their Theta Hill prospect - part of the TGME gold project in South Africa.

They've kicked off a second round of exploration which will comprise RC drilling of 20-30 holes for around 1500 metres.

Stonewall aims to complete the phase II drilling at Theta Hill by mid‐March 2018.

Further drilling at the Columbia Hill prospect is then expected to take place.

Quick facts: Theta Gold Mines Ltd

Price: 0.18 AUD

ASX:TGM
Market: ASX
Market Cap: $78.61 m
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Theta Gold Mines successfully enters subscription agreements for $8 million

Theta Gold Mines Ltd (ASX:TGM) chairman Bill Guy updates Proactive Investors on the release of a positive feasibility study for the Theta project to support further exploration on the large historical goldfield in South Africa The company also has completed a capital raising with subscription...

on 12/8/19

2 min read