Ciemas Gold Project First Gold Pour
The Board of Directors (the “Board” or “Directors”) of Wilton Resources Corporation Limited (“Company”), and together with its subsidiaries, (the “Group”) refers to the announcement dated 26 July 2017 in relation to the update on the Ciemas Gold Project, further to which the Board is pleased to announce that the first gold pour from the initial trial batch of leaching and processing which commenced in June 2017 has produced 936 grams of gold with 99.0% purity.
Completion of the leaching processing facility and infrastructure
The Board of Directors (the “Board” or “Directors”) of Wilton Resources Corporation Limited (the “Company”), and together with its subsidiaries, (the “Group”) wishes to provide an update on the Ciemas Gold Project. Infrastructure As at the date of this announcement, the following infrastructure has been completed: (i) land clearance for the mining area, processing plant area and hauling road; (ii) construction of the supporting infrastructure including laboratory, gold room, base camp, hauling road and stockpile area; and (iii) installation of the electrical power supply from the transformer station to the processing plant area. The construction of the first leaching pool and associated processing plant commenced in early 2017 and is now complete. The first trial batch of leaching commenced in June 2017
Maiden Mineral Resources Estimate For The CIBAK And CIPANCAR Prospects
The Board of Directors (the “Board” or “Directors”) of Wilton Resources Corporation Limited (“Company”), and together with its subsidiaries, the “Group”) is pleased to announce a maiden estimate of Mineral Resources for the prospects known as Cibak and Cipancar (the “Cibak and Cipancar Prospects”) within the Group’s Ciemas Gold Project area, as part of the Group’s ongoing Exploration Programme.
The estimate of Mineral Resources is based on an independent qualified person’s report (“IQPR”) which has been prepared by the Company’s independent consultant, SRK Consulting China Limited (“SRK”),
SRK estimated that, at a gold cut-off grade of 2.5 grams per tonne (“g/t”), the Cibak and Cipancar Prospects contain approximately 1.1 million tonnes (“Mt”) of Inferred Resources with an average grade of 5.6 g/t of gold, reported in accordance with the Joint Ore Reserves Committee (“JORC”) code 2012 edition.
Updated Resource Report for the Ciemas Gold Project
An Updated Resource Report for the Ciemas Gold Project has been produced by SRK Consulting China Limited (“SRK”), a global firm of mining consultants. The Resource Report – which is itself an IQPR – provides an update to SRK’s May 2013 Mineral Resource estimate, and is effective as at 30 June 2014.
The results indicate a 31% increase in the amount of Measured plus Indicated Resources, with a total Resource increase of around 6.5%, for a total contained gold content across all Mineral Resource categories of 38,970kg (versus the previous estimate of approximately 36,600kg). Inferred Resource quantities have decreased by about 25% as a result of the upgrade to more assured categories. Because all deposits at the Ciemas Gold Project are open at depth as well as along strike, the upgrade represents another step in the ongoing process of quantifying the total Mineral Resource of the Ciemas Gold Project. Please refer to the Resource Report for further details.
Ciemas Open Cut Scoping Study
The “Ciemas Open Cut Scoping Study” has been produced by Mancala Pty Ltd (“Mancala”), an Australia- based consultant. The Scoping Study, which is also compliant with the JORC Code 2012 Edition, utilised the Mineral Resource data generated in the Resource Report in order to examine the mining options for the four deposits within the Ciemas Gold Project with identified Mineral Resources. The Scoping Study concludes that the initial mine development of the Ciemas Gold Project deposits should be by open cut methods, followed by underground mining of those Mineral Resources below the optimal limit of open pit extraction.
Wilton Resources commences trading on SGX Catalist
Shares of Wilton Resources Corporation Limited (“Wilton Resources” or “the Company”), formerly Hartawan Holdings Limited (“Hartawan”) will commence trading on December 16 2013 (Monday), marking a new chapter as a SGX Catalist-listed corporation involved in gold exploration and mining in Indonesia.
Wilton Resources Completes RTO
At an Extraordinary General Meeting (“EGM”) held on 21 October 2013, shareholders of Hartawan approved the issue of 1.5 billion post-consolidation consideration shares, representing approximately 68.77% of the enlarged share capital of 2.2 billion shares, at S$0.20 each to WRH’s shareholders; and approved the change of name and new corporate identity.
Independent Qualified Person’s Report for the Ciemas Gold Project
An independent consultant, SRK Consulting China Limited (“SRK”) has prepared an independent qualified person’s report (“IQPR”) on the Ciemas Gold Project in West Java, Indonesia.
Wilton operates the Ciemas Gold Project in West Java, Indonesia with two mining licences covering a total area of approximately 30.8 square kilometres. The Ciemas Project consists of a number of gold deposit and occurrences. The gold mineralization in Ciemas is hosted in quartz veins, structural altered rocks with tectonic breccia, or in quartz porphyry.
SRK estimated that, at a gold cut-off grade of 1.0 g/t, the Pasir Manggu, Cikadu, Sekolah and Cibatu Prospects contain approximately 2.416 million tonnes (“Mt”) of Measured + Indicated Resources with an average grade of 8.44 g/t of gold., and 1.937 Mt of Inferred Resources with an average grade of 8.36 g/t of gold, reported in accordance with the Joint Ore Reserves Committee (“JORC”) code.
SRK also estimated that, at a gold cut-off grade of 1.69 g/t, the Pasir Manggu, Cikadu, Sekolah and Cibatu Prospects contain approximately 2.4405 Mt of Proved + Probable Reserves with an average grade of 7.1 g/t of gold, reported in accordance with the Joint Ore Reserves Committee (“JORC”) code.
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