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Azumah Resources Ltd.

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Summary

Project:

Wa

Deposit:Bepkong
Location:Ghana
Commodities:Gold
Date:12/19/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:19-12-2018: Azumah Resources Ltd. announces an Exploration/Drilling Update report for its Bepkong deposit at the Wa project. Drilling results incl. 11.0m @ 13.45g/t Au from 171.0m. West African gold explorer and developer Azumah Resources Limited (ASX: AZ
Resources:(Resource, M+I): 28.797Mt @ 1.8g/t Au for 1.6Moz Au contained
CP/QP:[Overall Report]: Stephen Stone (Internal)
ABSTRACT:West African gold explorer and developer Azumah Resources Limited (ASX: AZM) (“Azumah”) advises that two additional RC/DDH holes (BRCD485 and BRCD486) have confirmed the recently discovered, shallow plunging, high-grade Eastern Lode at the Bepkong deposit is continuously mineralised from surface to 330m vertical depth where it remains open (Figs 1, 2, 3 and 4. Photos 1, 2 and 3. Appendix). The two holes drilled 100m and 50m north of BRCD487 to test for continuity within the Eastern lode, have returned extremely robust intercepts of 35m at 4.70g/t Au from 148m, including 11m at 13.45g/t Au from 171m, (BRCD485) and 5m at 6.01g/t Au from 417m (BRCD486). The holes complement the ‘discovery hole,’ BRCD487, that recently returned a 93m mineralised zone grading 2.33g/t Au from 261m (including 9.9m at 8.42g/t Au from 295m, and 2.16m at 21.17g/t Au from 303m and 0.5m at 88.71g/t Au from 338m)(refer ASX release 12 December 2019). Drillhole BRCD485 also extended west and through to under the Main Lode where it intersected two high grade zones of 5m at 6.05g/t Au from 220m, and 5.6m at 8.15g/t from 291.4m, including 2m at 18.00g/t from 292m. These intercepts are the deepest to date under the Main Lode, and so also highlight the depth extent of this zone of mineralisation. Importantly, the several wide zones of mineralisation grading greater than 4g/t Au are likely to underpin the possibility of extending mining underground beneath existing planned pit bases. If underground mining is shown to be viable, this would provide a material increase in production levels and mine life from those being considered in the current Wa Gold Project (‘Project’) Feasibility Study. An interim update of the Feasibility Study and Ore Reserves is planned for release in January 2019.

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