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West African Resources Ltd.

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Summary

Project:

Sanbrado

Deposit:M1 South
Location:Burkina Faso
Commodities:Gold
Date:10/22/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Mine Development
Report details:22-10-2018: West African Resources Ltd. announces an Exploration/Drilling Update report for its M1 South deposit at the Sanbrado project. Drilling results incl. 2m @ 138.4g/t Au from 449m. Gold developer West African Resources Limited (ASX, TSXV: WAF) is
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Richard Hyde (Internal)
ABSTRACT:Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Managing Director Richard Hyde commented: “The discovery of a new parallel zone at M1 South returning 2m at 138.4 g/t Au is an exciting development for West African Resources. “Infill drilling below reserves has confirmed continuity of high-grade mineralisation and will be incorporated into resources, then reserves to add higher grade into years 5 and 6 of the mine schedule. “Optimisation studies to be completed by Q1 2019 will include resource and reserve updates, and planned higher process plant throughput rates resulting in increased annual gold production. New high-grade gold mineralisation has been discovered during logging and sampling the backlog of precollar drill core approximately 180m east of the main zone at M1 South. Logging and sampling of drill core through the expected zones of mineralisation for M1 South was expedited to be included in the June Updated Feasibility Study. Visible gold was logged at the start of the second wedge hole off TAN18-DD189-WD2 and subsequent assaying returned 2m at 138.4 g/t Au from 449m. Relogging of parent hole TAN18-DD189 identified visible gold at 455m which returned 5.5 m at 15.5 g/t Au from 452.5m including 1.5 m at 48.3 g/t Au. A further 50m along strike to the north in TAN18-DD214-WD2 mineralisation was intercepted at 396m down hole returning 8m at 6.0 g/t Au, including 1m at 30.0 g/t Au.

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