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Azumah Resources Ltd.
Summary
| Project: | Wa | |
|---|---|---|
| Deposit: | Bepkong East | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 2/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2019: Azumah Resources Ltd. announces an Exploration/Drilling Update report for its Bepkong East deposit at the Wa project. Drilling results incl. 99.5m @ 2.16g/t Au. Azumah Managing Director, Stephen Stone, said “Intersecting 99.5 metres at 2.16 gra | |
| Resources: | (Reserve, P+P): 18.0Mt @ 1.77g/t Au at project | |
| CP/QP: | [Overall Report]: Stephen Stone (Internal) | |
| ABSTRACT: | Azumah Managing Director, Stephen Stone, said “Intersecting 99.5 metres at 2.16 grams per tonne gold from 316 metres,some 75 metres below our recent and very similar ‘discovery hole’ intercept, is another remarkable result from the East Lode of the Bepkong deposit and clearly confirms the discovery of a large, well-developed, south-plunging, consistently mineralised system of unknown depth. “Importantly, the system contains several thick, high-grade ore shoots that could support declining down from the bottom of the planned open-pit and mining this mineralisation from underground. “Subject to a full evaluation, this could completely transform the proposed, plus-100,000 ounce per year Wa Gold Project open pit mining operation. “The Azumah-Ibaera joint venture will now be extending and accelerating the drill programme at Bepkong so we can better understand the geometry and extent of the system and to enable us to rapidly move to a maiden resource estimate. “With an already established 1-million ounce Ore Reserve and 2.5-million ounce Mineral Resource, shareholders can look forward to a Project defining 2019 as we continue to add value on several fronts.” West African gold explorer and developer Azumah Resources Limited (ASX: AZM) (“Azumah”) advises of more exceptional drilling results that have materially extended to depth and along strike recently discovered high-grade East Lode mineralisation at the Bepkong deposit, Wa Gold Project, Ghana (“Project”). The results from these holes provide strong support for the possibility of an underground mining operation at Bepkong that, subject to a full technical and economic evaluation, could add considerable value to the proposed, financially robust, plus-100,000oz gold per year open-cut mining operation (ASX release 30 January 2019)(Figs 1 to 6. Photos 1 and 2. Tables A and B. Appendix). | |
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