West African announces further drill results

THE CONFERENCE CALLER: West African Resources (ASX: WAF) announced further high-grade gold results from oxide resource definition drilling at the company’s Mankarga 5 deposit in Burkina Faso.

The results are from the north-eastern sections of the Mankarga deposit, which WAF has carried out infill drilling on 50m spaced drill lines.

The company anticipates the results will improve grade and category in the resource update planned for the December quarter.

Results from the ongoing program include:

TAC0310
10 metres at 1.33 grams per tonne gold from 20m;

TAC0315
2m at 9.05g/t gold from 50m ending in mineralisation;

TAC0317
7m at 1.98g/t gold from 30m;

TAC0319
9m at 1.22g/t gold from 5m;

TAC0334
10m at 1.78g/t gold from 35m;

TAC0335
5m at 3.21g/t Au from 15m;

TAC0345
12m at 1.28g/t gold from 10m;

TAC0348
22m at 1.87g/t gold from 3m, including 8m at 2.46g/t gold; and

TAC0398
8m at 1.77g/t gold from 16m.

“The results validate our decision to go with a heap leach project and look at the oxide as a starter project,” West African Resources managing director Richard Hyde told The Roadhouse.
 
“We expect the infill drilling will improve the resource estimate in both terms of grade and resource category.
 
“We also anticipate all the inferred material that was in the Scoping Study (77% Indicated, 23% Inferred) will be converted 100 per cent.

In February, West African acquired a second-hand 1.6 million tonnes per annum heap leach plant as part of its plan to fast-track development of Mankarga 5.

WAF recently released results of a Scoping Study which demonstrated a low capital cost and high margin robust heap leach starter project.

The company is focused on near-term production with its immediate attention on the Mankarga 5 deposit and existing nearby gold prospects with the aim of becoming a plus-50,000 ounces per annum gold producer by the end of 2015.

Email: info@westafricanresources.com

Website: www.westafricanresources.com