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West African Resources Ltd.
Summary
| Project: | Tanlouka | |
|---|---|---|
| Deposit: | Tanlouka | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 8/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 1-8-2016: West African Resources Ltd. announces a Resource Estimation report for its Tanlouka deposit at the Tanlouka project. Initial resource estimate for M1, M3 deposits, updated resource for M5 at Tanlouka. The Tanlouka Project is owned and operated b | |
| Resources: | (Resource): 9.8Mt @ 2.1g/t Au (Ind.) and 10.7Mt @ 2.0g/t Au (Inf.) Tanlouka project total | |
| CP/QP: | [Resources]: Brian Wolfe (International Resource Solutions Pty Ltd.) | |
| ABSTRACT: | The Tanlouka Project is owned and operated by West African Resources Limited (WAF). WAF is a public company listed on the Australian Securities Exchange (ASX) and TSX Venture Exchange (TSXV), and registered in Australia (ASX and TSXV code: WAF). WAF has prepared a Technical Report for the Tanlouka Gold Project to the standard of the Canadian National Instrument 43-101 “Standards of Disclosure for Mineral Projects” following the completion of a resource evaluation covering the Mankarga 1, 3 and 5 Deposits, in July 2016. This report details the results of a resource evaluation update for the Tanlouka Project as outlined in the August 1st, 2016, news release by West African Resources Ltd. The following technical report conforms to the standards set out in NI 43-101, Standards and Disclosure for Mineral Projects, and pursuant to Form 43-101F. In March 2016 the Company reported extremely high grade results from the M1 South prospect, with diamond core drilling reporting up to 1107g/t Au (July 18, 2016 ASX/TSXV). The mineralisation at M1 South exhibits significant proportion of native gold. This mineralisation would therefore be unsuitable to process via heap leach technology, which was the previously proposed process method for the Tanlouka Gold Project. Therefore, the outcomes from the May 29, 2015 Technical Report should therefore no longer be relied upon. The Company is currently completing a Feasibility Study investigating a conventional CIL and gravity process method for the Tanlouka Gold Project, which is expected to be reported in early 2017. | |
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