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Azumah Resources Ltd.
Summary
| Project: | Wa | |
|---|---|---|
| Deposit: | Kunche | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 5/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2018: Azumah Resources Ltd. announces an Exploration/Drilling Update report for its Kunche deposit at the Wa project. Drilling results incl. 44m @ 5.37g/t Au from 99m. West African focused gold explorer and developer, Azumah Resources Ltd (ASX: AZM) a | |
| 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 a just completed firstphase 22-hole, 3,431m RC drilling programme at the Kunche deposit has discovered what could be a game-changing high-grade ore shoot approximately 40m below the base of the previously planned open pit (Figure 1). One hole, KRC831, has returned one of the best mineralised intercepts ever at the 1.5km strike orebody comprising an interval of 44m at 5.37g/t Au from 99m (0.5g/t Au cut-off)(True width ~25m). This includes two high-grade zones of 6m at 3.33g/t Au from 99m and 27m at 7.86g/t Au from 116m (incl 20m at 10.27g/t Au from 120m, 1m at 144g/t Au from 137m). Azumah Managing Director, Stephen Stone said “These excellent intercepts are a genuine game-changer for the Wa Gold Project and increase our confidence that we can materially boost Mineral Resources and Ore Reserves”. Paul L’Herpiniere, General Manager Geology of Azumah’s joint venture partner Ibaera, said “These drill results dramatically open up the possibility that mineralisation at Kunche could extend to considerable depth - consistent with similar style gold deposits around the World. “We consider this validation of our new targeting model to be an important breakthrough for the Project and are extremely confident that the true potential of the project is now emerging”, Mr L’Herpiniere said. | |
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