West African Resources Ltd. hits 4m at 36.6g/t Au from 60m at M1 South
04.02.2016 | FSCwire
Perth, Australia - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade RC results from the M1 prospect, at its 100%-owned Tanlouka Gold Project, Burkina Faso.Highlights
- RC drilling at M1 south delivers high grade gold mineralisation – 4m at 36.6g/t Au from 60m
- Continuity of geology and stoped-out mineralisation over 300m
- +1.5km mineralised geochemical trend
- Potential to add ounces to existing heap leach Probable Ore Reserve of 440,000oz gold
- Further resource definition drilling at M1 and M3 in progress through Q1 2016
- Updated resource estimate and completion of feasibility studies expected Q2 2016
Managing Director Richard Hyde commented:
“RC drilling at M1 South has been very successful, intercepting high-grade mineralisation grading 36.6g/t over 4m in TAN16-RC118. More importantly drilling has confirmed a steep northeast dip on high-grade quartz veining."
“Initial RC drilling at M1 South has been relatively shallow, less than 80m, with most holes intercepting open stopes or backfill material from historic artisanal mining. Deeper drilling has been planned to target insitu high-grade mineralisation, at depths of 80m to 150m."
“We are working on upgrading the new mineralisation from M1 and M3 to resource status. Subsequent inclusion in the project mine plan will improve the economics and debt carrying capacity of the heap leach starter project.”
Source: West African Resources Ltd (TSX Venture:WAF)
http://www.westafricanresources.com
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