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West African Resources Ltd.
Summary
| Project: | Sanbrado | |
|---|---|---|
| Deposit: | M1 South | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 10-7-2019: West African Resources Ltd. announces an Exploration/Drilling Update report for its M1 South deposit at the Sanbrado project. Drilling results incl. 27m @ 8.7g/t Au from 30m. Gold developer West African Resources Limited (ASX: WAF) is pleased t | |
| Resources: | (Reserve, Prob.): 21.6Mt @ 2.4g/t Au for 1.653Moz Au contained | |
| CP/QP: | [Overall Report]: Richard Hyde (Internal) | |
| ABSTRACT: | Gold developer West African Resources Limited (ASX: WAF) is pleased to report assay results from the maiden grade control (GC) reverse circulation (RC) drilling program from its M1 South deposit at the Sanbrado Gold Project in Burkina Faso. GC holes drilled to date at M1 South have targeted early production ore from near surface mineralisation within the M1 South open pit. Managing Director Richard Hyde commented: “Initial drill holes from the maiden grade control program at M1 South have returned high-grade results including 27m at 8.7 g/t Au, confirming Sanbrado will process high-grade free milling ore early in the production schedule. “Drilling continues and will de-risk the first five months of production from the high grade M1 South open-pit.” “We are fully funded, with construction progressing on time and budget. Commercial gold production is on track for the second half of 2020. The maiden GC drilling program is currently underway at the M1 South deposit, ahead of the start of open pit mining Q1 2020. The M1 South open pit will be mined out in the first two years of production at Sanbrado and contains more than 150,000 ounces of gold at 5.5 g/t Au. Drilling is aimed at upgrading the confidence level in both the interpretation as well as gold grade estimation in the upper 20m of the deposit. This program covers the first five months of scheduled open pit ore from M1. Drilling is being completed on a nominal 6.25m by 12.5m pattern over M1 South open pit area, to test the independently prepared April 2019 Mineral Resource Estimate (MRE) (see Figure 1). The upper 20m to 30m of the M1 South deposit has been subject to significant historic artisanal mining as such a number of holes have intercepted stopes backfilled with surface spoils and waste material. These areas of the deposit have largely been discounted within the MRE. However, residual mineralisation has been intercepted on most sections with some spectacular results returned including 27m at 8.7 g/t Au from 30m including 7m at 16.2 g/t Au in SGC00251 and 21m at 9.2 g/t Au from 14m including 6m at 25.4 g/t Au in SGC00264. | |
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