Results of drilling at Royal Sheba ‘exceeding expectations’ – Pan African
An updated mineral resource estimate at gold miner Pan African Resources’ Barberton mine Royal Sheba project has revealed a 150% increase in mineral resources to 899 000 oz,.
The company is continuing with an exploration drilling programme at Royal Sheba, the results of which, Pan African CEO Cobus Loots said last week, exceeded the company’s expectations.
“Significantly, the drilling programme has indicated the orebody extends to the surface, with the potential to establish a new openpit mining operation in the short term, transitioning to an underground mining operation only after a number of years.”
The near-surface resource of Royal Sheba is estimated at 347 000 oz, while the underground resource is delineated at 552 000 oz.
The surface drilling programme, comprising 1645 m of drilling in phases 1 and 2, has confirmed robust mineralisation extending from the surface along an 850 m strike and 150 m down-dip of the Royal Sheba deposit.
The company states that the mineralisation ranges in width from 5 m to 25 m, with in situ gold grades ranging between 0.5 g/t to 174 g/t and averaging 3.27 g/t.
Further, Phase 3 of the drilling project at the Royal Sheba deposit has begun testing a 600 m strike length, which is within the Sheba mine’s mining right.
Pan African sees Royal Sheba’s opencast orebody as a potential way of increasing production from the flagship Barberton operations at a competitive cost, aligned with its strategic positioning as a low-cost gold producer.
The results of a definitive feasibility study will be published in February, with a view to starting project development in the near term.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.
VISIT SHOWROOM
ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
