West African Resources Limited Finds Extension of Mankarga 5 Gold Deposit
12 August 2014 - 10:48AM
Business Wire
Gold developer West African Resources Limited (ASX:WAF)
(TSX-V:WAF) is pleased to announce further highgrade gold results
from oxide resource definition drilling at its Mankarga 5 deposit,
Burkina Faso.
Step-out oxide drilling has intercepted the Mankarga 5 structure
500m northeast of the existing resource on sections NE1400 and
NE1500 and remains open to the northeast. These drill results will
expand the resource in the next update planned for the December
quarter. Results from the ongoing program include:
- TAC0398: 8m at 1.77 g/t Au from 16m on NE1500 - TAC0413:
17m at 1.07 g/t Au from 8m on NE1400* - TAC0415: 13m at 2.39 g/t Au
from 4m including 4m at 6.21 g/t Au on NE1400* *denotes ending in
mineralisation
Further drilling has been completed in the central portion of
the deposit, tightening up geology around mineralised zones. These
drill results will improve grade and category in the resource
update planned for the December quarter. Results from the ongoing
program include:
- TAC0439: 21m at 1.22 g/t Au from 4m on NE0700 - TAC0443:
21m at 1.39 g/t Au from 7m on NE0500 - TAC0448: 29m at 1.06 g/t Au
from surface on NE0300 - TAC0449: 24m at 1.42 g/t Au from 7m on
NE0200 - TAC0453: 33m at 1.70 g/t Au from 1m including 6m at 3.24
g/t Au on SW0050 - TAC0455: 15m at 3.33 g/t Au from 22m including
4m at 9.97 g/t Au on NE0050 - TAC0456: 9m at 4.26 g/t Au from 13m
including 3m at 10.98 g/t Au on NE0300
Updated cross-sections of NE1400 and NE0300, and summary plan
showing results from recent drilling as well as is shown below in
Figures 1, 2 and 3, with results presented in Tables 2 and 3.
In February, West African acquired a second-hand 1.6Mtpa heap
leach plant as part of its plan to fasttrack development of
Mankarga 5. Last week the Company delivered the results of a
Scoping Study which demonstrated a low capital cost and high margin
robust 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 diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-WAF-687518.pdf
About West African Resources Limited
West 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 Richard Hyde Managing Director Ph: +61-8-9481-7344
Nathan Ryan Investor Relations Ph: +61-420-582-887
West African Resources LtdRichard Hyde, +61-8-9481-7344Managing
DirectororNathan Ryan, +61-420-582-887Investor Relations
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