>>>Gold One and White Water ResourcesSouth Africa-focused Gold...

>>>Gold One and White Water Resources

South Africa-focused Gold One and JSE-listed investment holding company White Water Resources have signed a binding acquisition agreement and have amended some of the conditions precedent on their original deal involving gold exploration and development company Goliath Gold.

However, change of control will be dependent on Gold One obtaining approval from the Department of Mineral Resources for the transfer of the mining rights.

First-phase drilling results at Gold One?s flagship Modder East mine, on the East Rand, have demonstrated an extension of the high-grade shoreline currently being mined.

The results confirm the continuous nature of the orebody and indicate that the high-grade shoreline also extends to the north-eastern areas of the mine. Gold One reported that it had 8,60-million ounces in the measured and indicated resources categories and 13,11-million ounces in the inferred category.
cts-2011-02-18

http://www.miningweekly.com/article/sa-gold-projects-2011-02-18