West African Resources hits 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au at M1 South
ASX: WAF
www.westafricanresources.com
Mr. Richard Hyde reports:
Scarborough, WA / February 6, 2018 / JMN Wire / Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.
Highlights
High-grade results from depth at M1 South include;TAN17- DD174A 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t AuTAN17- DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t AuTAN17- DD179 13m at 5.26 g/t Au from 425.5mTAN17- DD179 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t AuTAN17- DD179-WD1 8.5m at 7.4 g/t Au from 403.5mTAN17- DD179-WD1 6m at 25.95 g/t Au from 419.5m including 0.5m at 220 g/t AuCurrent drilling targeting upgrade of Inferred resources at depthFour drill rigs currently on-site double shifting, infilling and extending mineralisationFunded to complete all work programs with approximately $21m cash at bankManaging Director Richard Hyde commented:
"Diamond drilling intercepted a solid zone of high-grade mineralisation of 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au. Drilling also intercepted two high grade zones 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au. Both of these results will improve the grade and category of mineralisation at M1 South. The Company will release an updated Feasibility Study incorporating open pit and underground mine
schedules in mid-2018."
M1 South Drilling Program
Drilling at M1 South is currently targeting infill of Inferred Resources 350-500m below surface on at least 25m x 25m pattern. The primary aim of this drilling program is to upgrade Inferred material to Indicated category which will be included in the underground mine schedule to be incorporated in the Feasibility Study due for completion in mid-2018. This drilling program is providing essential structural information and needs to be completed before extensional drilling recommences at +500m below surface.
Recent drilling has demonstrated excellent continuity of high grade gold mineralisation in areas of previously sparsely drilled Inferred Resources. TAN17-DD174A intercepted 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au, while intercepted TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au. Given the grade and tenor of recent results, it is expected that Inferred Resources will be upgraded in terms of
both category and grade.
