15m at 4.69g/t gold from 17m including 7m at 9.15g/t gold
Perth, Feb 13, 2014 AEST (ABN Newswire) - West African Resources Limited (
ASX:WAF) (CVE:WAF) is pleased to report further high grade results from a 7,500m reverse circulation (RC) and diamond core drilling program at its 90%-owned Mankarga 5 Deposit located on the Tanlouka Permit, part of the Boulsa Project, in Burkina Faso.
“These additional near-surface high-grade results will improve the grade of the oxide portion of the Mankarga 5 resource, which will be updated later this quarter,” West African Managing Director Richard Hyde said.
The current work program at Mankarga 5 includes shallow RC drilling (5,000m) over 25 sections along 2.8km strike, six 350m oriented diamond core holes (2,100m) beneath open zones at depth, and metallurgical test work drilling along the strike of the deposit (400m). This work program will generate a significant amount of new information from Mankarga 5 over the next two months.
Strong oxide gold results have been returned from shallow RC drilling on Section SW700, 100m northeast of strong results reported on Friday 7th February. Results are located at the south-western limit of the Mankarga 5 resource area. Significant results include:
TAC0024: 1m at 3.55g/t Au from 1m
TAC0024: 1m at 1.3g/t Au from 11m
TAC0024: 15m at 4.69g/t Au from 17m including 7m at 9.15g/t Au ending in mineralisation
These results improve historic diamond drilling and RC results on Section SW700 which include:
TAN12-DD-65: 19.5m at 1.66g/t Au from 143.5m including;
- 1.5m at 2.97g/t Au,
- 1.5m at 5.01g/t Au
TAN12-DD-65: 1.5m at 13.1g/t Au from 166m
TAN12-DD-65: 4.5m at 1.95g/t Au from 202m
TAN12-DD-66: 6m at 0.68g/t Au from 82m
TAN12-DD-66: 7.5m at 2.07g/t Au from 91m
Deep diamond drilling is also proposed on SW700 with TAN14-DD03 scheduled to commence within the next week. An updated cross-section of SW700 showing results from shallow RC drilling as well as historic drilling is shown below in Figure 1 and 2 with results presented in Table 1 and 2 at the end of this report.
Test work on Mankarga 5 mineralisation has returned excellent results including up to 95.3% gold recovery from oxide and up to 92.3% gold recovery from sulphide material in bottle roll tests. Drilling programs in conjunction with a reinterpretation of the Mankarga 5 deposit will lead to resource update studies towards the end of Q1 2014. The combination of the results of the work programs will enable West African to complete a Preliminary Economic Analysis (PEA) and Scoping Study in the first half of 2014. The Company’s technical team is currently preparing a more detailed timeline of key deliverables over the next 12 months and we look forward to updating the market on this and new drilling results as they are received.
The company is focussed on near term production through the addition of the Tanlouka Permit with existing nearby gold prospects. Mankarga 5 contains 11,544,000 tonnes of Indicated Resources at a grade of 1.06 g/t Au (395,000 ounces gold) and 19,278,000 tonnes of Inferred Resource at a grade of 0.97 g/t Au (604,000 ounces gold) at a 0.5g/t Au cut-off grade for oxide and sulphide mineralisation. The deposit currently contains an oxide resource of 1,647,260 tonnes of Indicated Resources at a grade of 1.09 g/t Au (58,000 ounces gold) and 4,605,838 tonnes of Inferred Resource at a grade of 0.99 g/t Au (147,000 ounces gold) at a 0.5g/t Au cut-off. With further drilling these resources can be upgraded both in terms of tonnes and grade. Supplementary information about the Mangarga 5 Mineral Resource is also included in the Company’s December 2013 Quarterly Report. The estimate is a foreign estimate and is not reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the foreign estimates as mineral resources in accordance with the JORC Code. It is uncertain that following evaluation and further exploration that the foreign estimate will be able to be reported as mineral resources in accordance with the JORC Code.
To view tables and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-WAF-667455.pdf
About West African Resources Limited
West African Resources Limited (
ASX:WAF) (CVE: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.
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