Azumah hits two new prospects
THE DRILL SERGEANT: Azumah Resources has received some promising results from two of its prospects located between the adjacent flagship Kunche and Bepkong deposits at the company’s Wa gold project located in northwest Ghana.
Wide spaced RC drilling carried out by Azumah at the Aduane target has returned intercepts including:
– 14 metres at 2.31grams per tonne gold from 13 metres; and
– 16m at 2.34g/t gold from 23m.
At Bepkong South, drilling returned a best intercept of:
– 6m at 15.60g/t gold from 53m.
The Aduane prospect is located one kilometre north-east of the Kunche deposit and extends for 300m along a north-northeast trend.
The Bepkong South prospect is 500m due south of the main open pit the company has planned for Bepkong and immediately east of a planned satellite pit.
“These latest exploration results support Azumah’s belief that more ‘blind’ satellite gold deposits like the Bepkong deposit are likely to be discovered in the immediate vicinity of the planned gold plant.” Azumah Resources managing director Stephen Stone said in the company’s announcement to the Australian Securities Exchange.
“The thickness of the best intercepts from Aduane are particularly impressive and bode well for the delineation of another mineable deposit.”
Azumah has a follow-up RC drilling campaign planned to be carried out in the area this month once it has completed a detailed review of all historical and recent exploration data.
This data will include the results of a recently completed dipole-dipole Induced Polarisation survey.
The company is in the final stages of a Feasibility Study for a plus-one million tonnes per year, greater than 100,000 ounce per year gold operation, with most key components of the study now being finalised.
Azumah said the completion of the study depends largely upon the receipt of final assays from recent infill drilling programs to enable updated resource models and pit optimisations as well as finalising production schedules.
The company’s geologists are currently reviewing all recent and historical exploration data and finalising exploration programs and budgets for the next exploration season.
More drill rigs in addition to the five already committed to the project are likely to be contracted.
An aircore rig is already back on site and about to drill several new targets.
Azumah is also establishing a third field camp in the northern extremities of its 3,200 square kilometre licence area as much of this area has not been explored to any reasonable level.