Azimuth Resources increases West Omai gold resource

THE DRILL SERGEANT: Azimuth Resources (ASX: AZH) has announced a 35 per cent increase in the JORC code-compliant gold resource estimate for the Smarts and Hicks deposits at the company’s West Omai gold project in Guyana.

The Inferred Mineral Resource estimate at West Omai for the Smarts and Hicks deposits at a cut off of 1 gram per tonne gold is now:

–    16.7 million tonnes at 3.06g/t gold for total contained gold ounces of 1.65 million ounces.

The Inferred Mineral Resource estimate for the higher grade Smarts deposit at a cut off of 1g/t gold is now:

–    8.1 million tonnes at 4.15g/t gold for total contained gold ounces of 1.08 million ounces.

 

Mineral Resources – West Omai projects, Guyana – shown for 0.5g/t
gold, 1g/t gold and 2g/t gold cut-off grades. Source: Company
announcement

 

“This resource estimate has resulted from the interpretation of results of drilling completed to November 2012,” Azimuth Resources said in its ASX announcement.

“Both the Smarts and Hicks deposits remain open at depth and along strike.”

Azimuth said it was continuing its exploration program which is targeting resource extensions, as well as the Larken prospect and other prospective targets in its landholding at West Omai.