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Azumah Resources Ltd.

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Summary

Project:

Wa

Deposit:Kunche
Location:Ghana
Commodities:Gold
Date:1/10/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:10-1-2019: Azumah Resources Ltd. announces an Exploration/Drilling Update report for its Kunche deposit at the Wa project. Drilling results incl. 1m @ 140.49g/t Au from 208m. West African gold explorer and developer Azumah Resources Limited (ASX: AZM) (“A
Resources:(Reserve, P+P): 9.08Mt @ 2.14g/t Au at project
CP/QP:[Overall Report]: Stephen Stone (Internal)
ABSTRACT:West African gold explorer and developer Azumah Resources Limited (ASX: AZM) (“Azumah”) advises that two additional drill holes at its Kunche deposit have extended high-grade mineralisation up to 75m deeper, to approximately 200m below surface, where it remains open (Figs 1 to 4. Tables 1 and 2. Appendix 1). Azumah Managing Director, Stephen Stone, said “This is a tremendous start to 2019 with our 40,000 metre, multi-objective drilling campaign still having a long way to go. “Our much-anticipated update on the progress of the Feasibility Study and Ore Reserves is just weeks away and we are very confident this will be a defining year for the Wa Gold Project and Azumah’s shareholders.” KRCD849 (RCD denotes a reverse circulation hole with a diamond core tail) returned 5m at 6.02g/t Au from 214m, which is approximately 75m below the excellent intercept obtained by KRCD831 of 44m at 5.37g/t Au (incl. 27m at 7.86g/t Au)(refer ASX release 8 May 2018). The Kunche deposit (591,000oz Measured and Indicated and 255,700oz Inferred Mineral Resources) is consistently mineralised over its 1.5km north-south strike. This most recent drilling, along with drilling undertaken earlier in 2018, has confirmed that this consistency also extends to depth, as is the case with most structurally controlled, orogenic-style gold deposits Further confirmation of this depth continuity is also forthcoming from a second hole, KRCD850, drilled on a section 75m to the south of KRCD849. This hole returned a spectacular intercept of 1m at 140.49g/t Au from 208m, which represents more than four ounces gold per tonne.

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