PERTH, Australia--(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:
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.