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West African Resources Ltd.
Summary
| Project: | Sanbrado | |
|---|---|---|
| Deposit: | M1 South | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 11/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 26-11-2018: West African Resources Ltd. announces an Exploration/Drilling Update report for its M1 South deposit at the Sanbrado project. Drilling results incl. 25m @ 15.03g/t Au from 862m. 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 extensive visible gold has been intercepted in the deepest hole drilled to date at the Sanbrado Gold Project, Burkina Faso. Managing Director Richard Hyde commented: “The 1km step-out hole beneath M1 South Mineral Reserves has intercepted 25m grading 15.03 g/t gold including 5.5m at 40.42 g/t gold. Success in our deepest hole to date demonstrates potential to extend the M1 South underground mine life and increase annual production in years 4 to 8. “The Company remains on track to finalise a debt funding package for the development of Sanbrado by the end of Q4 2018, and will complete an optimised feasibility study incorporating resource and reserve updates and increased plant throughput, which will deliver higher annual gold production, by the end of Q1 2019.” As reported earlier this month (ASX/TSXV: 15/11/18) step down drilling in TAN18-DD228 has intercepted extensive high-grade gold more than 220m beneath existing Probable Reserves at M1 South. Table 1 shows individual 0.5m assays through the entire mineralised zone in TAN18-DD228. Also photos 1 and 2 show high grade visible gold for samples that returned 155 g/t Au and 188 g/t Au. | |
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