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West African Resources Ltd.
Summary
| Project: | Sanbrado | |
|---|---|---|
| Deposit: | M1 South, M5, M3 | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 10/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-10-2017: West African Resources Ltd. announces a Resource Estimation report for its M1 South, M5, M3 deposit at the Sanbrado project. 150% increase in ounces and 100% increase in grade of Ind. Resources at M1 South. Gold developer West African Resource | |
| Resources: | (Resource, I+I): 29.570Mt @ 1.4g/t Au for 1.332Moz contained at Sanbrado | |
| CP/QP: | [Resources]: Brian Wolfe (International Resource Solutions Pty Ltd.) | |
| ABSTRACT: | Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce results of an updated Mineral Resource Estimate (MRE) for the M1 South and M5 deposits, at its 90% owned Sanbrado Gold Project, Burkina Faso. Updated resources for M1 South and M5 include a further 36,000m of RC and Diamond drilling since the MRE released in February 2017. Most of this drilling has been directed at infilling and extending very high-grade gold mineralisation at the M1 South deposit and at the southern end of the M5 deposit. Mineral Resource estimates for the M1 South and M5 deposits were completed by independent resource consultant International Resource Solutions Pty Ltd (IRS) and were prepared in accordance with the requirements the 2012 JORC Code and disclosed in accordance with NI 43-101, under which the 2012 JORC Code is acceptable for mineral resource calculation and disclosure. Resources for M1 North and M3 have not been updated as part of this updated MRE study. The effective date of the mineral resource estimate is 30 October 2017. | |
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