🕐27.05.14 - 02:54 Uhr

21M AT 5.43G/T AU FROM SURFACE, INCLUDING 14M AT 7.21G/T AU



Excellent oxide grades and high grade at depth : 21m at 5.43g/t Au from surface, including 14m at 7.21g/t Au West African Resources Limited (ASX, TSXV: WAF) is pleased to announce results from continuing oxide resource definition drilling at the Mankarga 5 deposit, Burkina Faso.

An additional contract reverse circulation (RC) rig has commenced work at the project, in addition to three WAF rigs which have been working following the resource update for Mankarga 5 in April 2014.

The contract rig will focus on completing 50m spaced sections to improve resource category to enable detailed feasibility studies later this year.

WAF rigs have focussed on filling in gaps in the existing resource model on 100m sections in the oxide zone, as well as testing mineralisation at depth and twinning historic RC drill holes to confirm the integrity of historic drilling. "We are focussed on initial production from oxide material at Mankarga 5 via a low-cost heap leach starter project.

Scoping study results based on the existing resource will be reported by the end of June.

New drilling results will be incorporated into a resource update later this year.

We have set a goal of being a +50,000oz per annum gold producer within two years, subject to study outcomes." Oxide resource definition drilling on 100m sections has returned significant results which will improve grade and category of the resource model in future resource updates.

Significant results from the ongoing drilling program include: TAC0153: 30m at 2.48g/t Au from surface including 2m at 6.83g/t Au and 2m at 18.55g/t Au TAC0158: 20m at 2.75g/t Au from 12m including 8m at 3.45g/t Au TAC0160: 21m at 5.43g/t Au from surface including 14m at 7.21g/t Au TAC0166: 22m at 1.60g/t Au from 9m including 4m at 3.68g/t Au Click here to view the full announcement
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