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West African Resources Ltd.
Summary
| Project: | Sanbrado | |
|---|---|---|
| Deposit: | M1 South, M5 | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 25-2-2019: West African Resources Ltd. announces an Exploration/Drilling Update report for its M1 South, M5 deposit at the Sanbrado project. Drilling results incl. 6.5m @ 61.8g/t Au from 258.5m. Gold developer West African Resources Limited (ASX, TSXV: WA | |
| Resources: | (Reserve, Prob.): 20.4Mt @ 2.4g/t Au for 1.574Moz Au contained at Sanbrado | |
| CP/QP: | [Overall Report]: Richard Hyde (Internal) | |
| ABSTRACT: | Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report reserve definition drilling at the M1 South and M5 deposits is complete and all results have been received for the upcoming optimised feasibility study for the Sanbrado Gold Project, Burkina Faso. Managing Director Richard Hyde commented: “Reserve definition drilling has been completed for the upcoming feasibility study update for Sanbrado. High grade mineralisation has been confirmed with drilling returning 6.5m at 61.8 g/t Au from 258.5m, including 3m at 132 g/t Au. “The Company is also on track to complete an optimised feasibility study incorporating reserve updates with increased plant throughput delivering higher annual gold production, by the end of Q1 2019. “The Company is fully funded, construction is underway, and first gold production is scheduled for Q3 2020.” The Company will deliver an optimised feasibility study update by the end of Q1 2019 incorporating updated resources and reserves, and an improved mine schedule based on higher plant throughput (ASX/TSXV: 8/11/2018). A significant improvement in project economics versus the June 2018 FS is expected by delivering more gold in the early years of the operation from an accelerated mine schedule with a relatively small change in the overall project capital requirements. | |
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