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Azumah Resources Ltd.
Summary
| Project: | Wa | |
|---|---|---|
| Deposit: | Kunche | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 7/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-7-2018: Azumah Resources Ltd. announces an Exploration/Drilling Update report for its Kunche deposit at the Wa project. Drilling results incl. 6m @ 2.80g/t Au from 186m. West African focused gold explorer and developer, Azumah Resources Ltd (ASX: AZM), | |
| 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 focused gold explorer and developer, Azumah Resources Ltd (ASX: AZM), advises that exploration campaigns on multiple fronts have continued to progress the Wa Gold Project, Ghana (Project) towards its immediate goal of updating Mineral Resources in Q3 2018 and delivering an interim Ore Reserves update by end-2018. Specifically, follow-up RC (with diamond tail) drilling in the central zone of the Kunche deposit has provided further ‘proof of concept’ for a possible feeder zone into the main Kunche deposit that should enable the existing shallow pit design to be deepened and an underground mining option to be scoped. Intercepts of 4m at 3.20g/t Au from 178m and 7m at 1.90g/t Au from 186m - within an overall intercept of 15m at 1.95g/t Au from 178m - (KRCD833) were obtained below previously reported hole KRC817 on Section 1148975mN which intersected 27m at 2.43g/t Au from 137m. Dr. Jon Hronsky, Global Targeting & Research Manager at Azumah’s joint venture partner, Ibaera said “We are extremely happy with the progress made on many fronts at the Wa Gold Project this past few months and in particular the ‘proof of concept’ drilling that may suggest a possible feeder zone into the Kunche deposit”. “Several drill rigs continue to test and evaluate a number of existing and new prospects across the whole project with the immediate goal being to update Mineral Resources in Q3 2018 and Ore Reserves before year-end” | |
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