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West African Resources Ltd.
Summary
| Project: | Sanbrado | |
|---|---|---|
| Deposit: | M1 South | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 29-7-2019: West African Resources Ltd. announces an Exploration/Drilling Update report for its M1 South deposit at the Sanbrado project. Drilling results incl. 10m @ 15.4g/t Au from 32m. Gold developer West African Resources Limited (ASX: WAF) is pleased | |
| 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: “M1 South grade control drilling has returned further shallow high-grade results as expected, including 10m at 15.4 g/t gold and 18m at 8.3 g/t gold. “Results reconcile well with the April 2019 resource model and add confidence to the first 6 months of the mining schedule. “We are fully funded, with construction progressing on time and budget. Commercial gold production is on track for the second half of 2020. First pass GC drilling has been completed 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 has upgraded the confidence in both the interpretation as well as gold grade estimation in the upper 20m of the deposit, with drilling results reconciling well with the April 2019 FS resource model. The GC program covers off the first five months of scheduled open pit ore from M1 South. First pass drilling was completed on a nominal 6.25m by 12.5m pattern over M1 South open pit area, and further infill and extensions have been planned to better define ore-waste boundaries and areas where mineralisation has been intersected and the corresponding resource model reported low or no values. | |
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