West African Resources Limited 8m at 13.41g/t Au From 6m Including 5m at 21.04g/t Au
30 Junho 2014 - 11:51PM
Business Wire
West African Resources Limited (ASX:WAF) (TSX.V:WAF)
is pleased to announce high-grade gold results from continuing
oxide resource definition drilling at its Mankarga 5 deposit,
Burkina Faso. These are results of resource definition drilling
from the first of a series of 50m spaced drill lines.
West African Resources Managing Director said: "We are
encouraged by the strengthening M&A activity, bringing
attention back to active explorers and low-cost developers in the
West African region.
"We look forward to reporting our scoping study results for a
low cost heap leach starter project before the end of June, and
reporting results from our drilling programs as results are
received."
Oxide resource definition drilling on 50m sections has returned
significant results which will improve grade and category of the
resource model in future resource updates. Significant results from
the ongoing drilling program include:
TAC0207: 13m at 1.16g/t Au from surface- and 6m at 1.17g/t Au
from 18m- and 9m at 1.51g/t Au from 29m
TAC0214: 8m at 13.41g/t Au from 6m including 5m at 21.04g/t Au-
and 7m at 0.58g/t Au from 20m- and 10m at 2.04g/t Au from 32m
including 4m at 3.13g/t Au
TAC0215: 2m at 1.4g/t Au from 24m- and 9m at 2.77g/t Au from 30m
including 4m at 3.13g/t Au- and 8m at 1.55g/t Au from 42m
TAC0220: 8m at 1.33g/t Au from 12m- and 12m at 1.67g/t Au from
24m
TAC0226: 17m at 1.65g/t Au from 13m including 3m at 4.83g/t
Au
TAC0227: 17m at 2.03g/t Au from 8m including 4m at 4.96g/t
Au
TAC0233: 11m at 2.21g/t Au from 32m including 1m at 17.54g/t
Like the results the Company released last week, these new
results from shallow RC drilling on 50m spaced sections will
improve the grade, geological continuity and resource category in
upcoming resource estimation studies due for the December quarter
this year. An updated cross-section of SW650 and summary plan
showing results from recent drilling as well as is shown below in
Figures 1 and 2, with results presented in Tables 2 and 3 in link
below.
The Company is focussed on near-term production with the
immediate focus on the Mankarga 5 deposit and existing nearby gold
prospects. The Company aims to be a +50,000oz per annum gold
producer within two years, subject to study outcomes, via a
low-cost heap leach starter project. In February, West African
secured a second-hand 1.6Mtpa heap leach plant as part of its plan
to fast-track development of Mankarga 5. The proposed project
development schedule for Mankarga 5 and surrounding prospects is
shown below in Table 1.
To view tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-WAF-679824.pdf
About West African Resources Limited
Dual listed (TSX-V and ASX) West African Resources Limited 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: Richard Hyde Managing Director Ph:
+61-413-874-740 Nathan Ryan Investor Relations Ph:
+61-420-582-887
Email: info@westafricanresources.com
West African Resources LimitedRichard Hyde,
+61-413-874-740Managing DirectororNathan Ryan,
+61-420-582-887Investor Relationsinfo@westafricanresources.com
West African Res (ASX:WAF)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
West African Res (ASX:WAF)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025