West African Resources claims new gold discovery at Tanlouka
THE DRILL SERGEANT: West African Resources (ASX: WAF) has claimed a nerw gold discovery after encountering high-grade results from first-pass shallow oxide RC drilling at the M3 prospect, within the company’s Tanlouka gold project in Burkina Faso.
West African Resources explained the discovery at the M3 prospect of high-grade shallow oxide gold mineralisation came from first-pass wide spaced RC drilling with discovery holes TAC0995 and TAC0996 having been drilled directly beneath a previous 13g/t gold auger result.
Results included:
TAC0995
6 metres at 1.88 grams per tonne gold from 40m ending in mineralisation; and
TAC0996
32m at 5.02g/t gold, including 13m at 7.14g/t gold from 2m.
“A first pass result of 32 metres at 5.02 grams per tonne gold in oxide near surface highlights the upside potential of the Tanlouka gold project,” West African Resources managing director Richard Hyde said in the company’s announcement to the Australian Securities Exchange.
“To date the company has done very little work outside the M5 resource area and the new gold discovery at M3 will boost the already robust economics of the heap leach starter project.
“The new gold discovery at M3 is located less than two kilometres from the proposed starter pit.
“Completion of the Feasibility Study will be extended to Q4 2015 to allow new oxide mineralisation from M1 and M3 zones to be incorporated into the resource inventory and mine plan.
“Follow-up drilling will commence in October after the current wet season.”
According to West African Resources none of the recently discovered gold mineralisation at the M3 prospect is currently included the project resource inventory.
M3 mineralisation will be followed-up with closer spaced drilling Hyde said would be undertaken in late October 2015.
The results from this are expected to be modelled and incorporated in a resource update later this year.
The company believes any additional higher grade oxide tonnes will have a positive impact on the project economics.
Email: info@westafricanresources.com
Website: www.westafricanresources.com