March 2014 Quarterly Activities Report West African Resources Limited (ASX: WAF) is pleased to report activities on its projects in Burkina Faso, West Africa, for the quarter ending 31 March 2014. Highlights Resource estimate updated for Mankarga 5 gold deposit Inferred Resources increased by 74% to 1.1Moz Indicated Resources increased by 12% to 0.4Moz 1.6Mtpa heap leach plant purchased – aiming for 50,000ozpa gold production at Mankarga 5 within 2 years Scoping Study due June quarter 2014 West African signs agreement for final 10% of Tanlouka Permit, WAF now have right to acquire 100% WAF following positive feasibility study Completion of 10% placement to raise $3 million early April Exploration: Completed aircore program at Mankarga 5 (4,600m) Ongoing diamond program at Mankarga 5 (1,200m+) Auger drilling encompassing Tanlouka tenement commenced (Mankarga 1-4, Manesse, Tanwaka targets) Aircore program commenced at Goudré March 2014 Quarter Summary: 5,303m drilled $930k Exploration Expenditure $352k Administration Costs $1.2m cash at 31 March 2014 ($4m after April placement) Fully funded exploration programs into 2014 June 2014 Quarter Plans: Scoping study for Mankarga 5 gold project Results of auger drilling Tanlouka, aircore drilling Goudré and Tanlouka prospects Click here to view the March Quarterly Activities Report
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