Simmer And Jack Mines Limited - More prospecting l
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Simmer And Jack Mines Limited - More prospecting licences for Simmers
SIMMER AND JACK MINES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
("Simmers" or "the company")
Share code: SIM
ISIN: ZAE000006722
ISSUED ON BEHALF OF SIMMER & JACK MINES, LIMITED 17 July 2006
MORE PROSPECTING LICENCES FOR SIMMERS
The Department of Minerals and Energy has granted a second prospecting right in
the Sabie area to Simmer & Jack Mines, Limited (Simmers). The prospecting
licence was awarded to Simmers" subsidiary, TGME Limited, and gives the company
the go-ahead to explore seven farms including the Farm Elandsdrift. All seven
are in the vicinity of the Farm Rietfontein, for which another Simmers
subsidiary, Sabie Mines (Pty) Limited, was granted the prospecting rights last
month.
Simmers CEO Gordon Miller said that the prospecting licence covered a mixture of
Greenfield and Brownfield projects.
"Just as at Rietfontein, mining at various levels of intensity has taken place
on all these properties at some point in the last 100 years. We will however be
treating some of the properties as Greenfield projects, as new technology means
that we have better options available to us in terms of finding and extracting
the ore body," said Miller.
Prospecting on the farms will begin with immediate effect.
According to Miller, the initial focus will be a dump re-treatment operation at
Elandsdrift. The dumps are a result of previous mining activity on the farm and
are situated close to a river. By re-treating the dumps, Simmers will remove a
source of pollution in the local river system, contributing to the clean-up of
the environmental impact caused by historic mining.
"This is an approximately 300 000 tonne deposit which can be brought to fruition
very quickly. Once the bankable feasibility study has been approved, we will
apply for the Mining Right to re-treat the dumps and re-locate the tailings away
from the river. The project has a lifespan of about nine months and the proceeds
will be used to fund the continued prospecting in this historically rich gold
field," said Miller.
BEE company Mine Reclamation & Supports (Pty) Limited, will be responsible for
the design, building and operation of the plant at Elandsdrift.
FOR FURTHER INFORMATION, PLEASE CONTACT GAIL STRAUSS ON 084 777 4060
Date: 18/07/2006 03:03:24 PM Produced by the JSE SENS Department
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