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Azumah Resources Ltd.
Summary
| Project: | Wa | |
|---|---|---|
| Deposit: | Julie, Danyawu, Josephine South | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 8/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-8-2018: Azumah Resources Ltd. announces an Exploration/Drilling Update report for its Julie, Danyawu, Josephine South deposit at the Wa project. Drilling results incl. 20.4m @ 1.44g/t Au from 121m. West African gold explorer and developer, Azumah Resou | |
| Resources: | (Reserve, P+P): 9.1Mt @ 2.14g/t Au for 624000oz Au contained at project | |
| CP/QP: | [Overall Report]: Stephen Stone (Internal) | |
| ABSTRACT: | West African gold explorer and developer, Azumah Resources Ltd (ASX: AZM) ‘Azumah’, today confirms that its latest drilling results from the Wa East camp will have positive implications for overall increases in Mineral Resources and Ore Reserves at its Wa Gold Project in Ghana. Drilling was undertaken at the Julie deposit and the Julie Far East, Danyawu and Josephine South prospects, with all results returning encouraging intercepts. Managing Director Stephen Stone said “The latest results from the Wa East camp provide further validation that there is considerably more mineralisation to be identified in and around existing deposits and prospects”. “Multi-target drilling campaigns are scheduled to recommence as soon as seasonal rains abate and we remain on schedule to report an interim Ore Reserve and overall Wa Gold Project study update by the end of 2018”. Early seasonal rains and the illegal mining issue have impacted scheduled drilling activities. Two RC holes at Kunche that were planned to test below holes KRC831 and KRC817, which intersected a high-grade interpreted ‘feeder-zone’, are now scheduled to be drilled as soon as the rains abate (refer ASX release dated 8th May 2018). The overall project interim Mineral Resource upgrade, which had been planned for the end of August, has been deferred to be reported in alignment with the interim Ore Reserve upgrade which is currently still on-schedule for the end of 2018. Data from a recently completed VTEM geophysical survey over the Wa East region is being evaluated and will be reported on shortly. | |
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