West African Resources Limited 15m at 5.9 g/t Au including 5m at 15.8 g/t Au from 13m at Burkina Faso
August 18 2014 - 11:17PM
Business Wire
Gold developer West African Resources Limited
(ASX:WAF)(TSC-V:WAF) is pleased to announce further highgrade gold
results from oxide resource definition drilling at its Mankarga 5
deposit, Burkina Faso. Managing Director Richard Hyde
commented:
"The latest round of results complete the oxide infill drilling
program at Mankarga 5 required to commence mining for the Stage 1
project. This drilling program has hit a number of sweet spots in
the resource that were not evident in previous wider-spaced
drilling, including 15m at 5.93 g/t Au from 13m. "These results
will significantly improve the oxide grade in the updated resource
estimate to be included in the upcoming definitive feasibility
study.
"We have kicked off definitive feasibility studies following the
positive scoping study reported last month and we look forward to
reporting metallurgical results from column test work."
Resource definition drilling is now complete at the Mankarga 5
deposit. Drilling in the central and southern portion of the
deposit has again returned grades significantly higher than
represented in the previous resource model (ASX, TSXV: 14/4/14).
Oxide resource definition drilling will improve grade and category
in the resource update planned for the December quarter. Results
from the ongoing program include:
- TAC0462: TAC0462: 7m at 1.52 g/t Au from surface and 3.7 g/t
Au from 12m on section SW0350- TAC0463: 15m at 2.45 g/t Au from 4m
on section SW0450- TAC0464: 2m at 8.05 g/t Au from 16m on section
SW0550- TAC0465: 15m at 5.93 g/t Au from 13m including 5m at 15.8
g/t Au on section SW0550- TAC0466: 7m at 4.71 g/t Au from surface
on section SW0550
Notwithstanding the current wet season, diamond drilling
targeting higher grades at depth mineralisation is continuing with
further results expected in the near future.
An updated cross-section of SW0550 and a summary plan showing
results from recent drilling is shown below in Figures 1 and 2,
with results presented in Tables 2 and 3 in link below.
In February, West African acquired a second-hand 1.6Mtpa heap
leach plant as part of its plan to fasttrack development of
Mankarga 5. In July, the Company delivered positive results from a
Scoping Study which demonstrated a low capital cost, high margin,
heap leach starter project (ASX,TSXV: 29/7/14).
The Company is focussed on near-term production with its
immediate attention on the Mankarga 5 deposit and existing nearby
gold prospects. The Company aims to be a +50,000oz per annum gold
producer by the end of 2015 via a low-cost heap leach starter
project.
To view all tables, charts and diagrams, please
visit:http://media.abnnewswire.net/media/en/docs/ASX-WAF-688158.pdf
About West African Resources LimitedWest African Resources
Limited (ASX:WAF) (TSX-V:WAF) is a gold-copper exploration
company dedicated to creating shareholder value through the
acquisition, exploration and development of resource projects in
Burkina Faso, West Africa.
West African has a landholding of 6,370sq km and 200km of strike
length of early Proterozoic Birimian greenstone belts, which are
highly prospective for gold mineralisation.
Contact:
West African Resources LimitedNathan Ryan, Investor RelationsT:
+61-420-582-887
Richard HydeManaging DirectorPh: 08 94817344
E: info@westafricanresources.comWWW:
www.westafricanresources.com
West African Resources LimitedNathan Ryan,
+61-420-582-887Investor RelationsorRichard Hyde, 08
94817344Managing
Directorinfo@westafricanresources.comwww.westafricanresources.com
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