West African Resources Limited 16m at 2.58g/t gold from 30m including 7m at 4.54g/t goldadmin
West African Resources Limited 16m at 2.58g/t gold from 30m including 7m at 4.54g/t gold
Perth, West Australia , February 06, 2014 /FSC/ – West African Resources Ltd (WAF – TSX Venture, WAF – ASX), is pleased to report first gold results from a 7,500m reverse circulation (RC) and diamond core drilling program at its 90%-owned Mankarga 5 Deposit located on the Tanlouka Permit, part of the Boulsa Project, in Burkina Faso.
“The results confirm continuity of strong mineralisation from depth into the oxide zone at Mankarga 5 and validates our decision to acquire the Mankarga 5 Deposit, and focus on a low-cost, heap-leach development target,” West African Managing Director Richard Hyde said.
“Our programs are designed to provide rapid assessment of near-surface and high-grade mineralisation at Mankarga 5.”
Strong oxide gold results been returned from shallow RC drilling on Section SW800, located at the south-western limit of the Mankarga 5 resource area (Figure 1 in link below). Significant results include:
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– TAC0009: 2m at 1.08g/t Au from surface
– TAC0009: 4m at 0.53g/t Au from 5m
– TAC0009: 8m at 1.15g/t Au from 17m; including 1m at 5.6g/t Au
– TAC0009: 16m at 2.58g/t Au from 30m; including 7m at 4.54g/t Au ending in mineralisation
– TAC0010: 2m at 0.97g/t Au from 1m
– TAC0012: 1m at 0.68g/t Au from 2m
– TAC0012: 1m at 2.48g/t Au from 6m
These results complement historic diamond drilling and RC results on Section SW800 which include:
– TAN11-RC-72: 16m at 1.89g/t Au from 54m; including 10m at 2.58g/t Au
– TAN11-RC-72: 18m at 1.68g/t Au from 74m; including 6m at 3.13g/t Au
– TAN11-DD-17: 18m at 5.01g/t Au from 68m; including 9m at 9.04g/t Au
– TAN11-DD-17: 27.5m at 1.14g/t Au from 89m; including 3m at 3.64g/t Au, 1.5m at 2.17g/t Au
– TAN11-DD-17: 4.5m at 2.96g/t Au from 122.5m; including 4.5m at 2.96g/t Au
– TAN11-DD-20: 24m at 3.23g/t Au from 120.5m; including 3m at 2.82g/t Au, 6m at 3.36g/t Au, 1.5m at 2.21g/t Au, 3.6m at 9.7g/t Au
WAF’s programs have been tailored to improve the oxide and transitional components of the deposit and better define the orientation of high-grade mineralisation in deeper drilling.
Deep diamond drilling is also in progress on SW800 with TAN13-DD01 nearing completion. TAN13-DD01 is targeting high-grade mineralisation down-dip of TAN11-DD-17 and TAN11-DD-20 which included 18m at 5.01g/t Au from 68m; including 9m at 9.04g/t Au and 24m at 3.23g/t Au from 120.5m; including 6m at 3.36g/t Au and 3.6m at 9.7g/t Au respectively. An updated cross-section of SW800 showing results from shallow RC drilling as well as historic drilling is shown below in Figure 1 with results presented in Table 1 and 2 at the end of this report.
The current work program includes shallow RC drilling (5,000m), deep oriented diamond drilling (2,100m) and a metallurgical test work drilling (400m). Previous test work by Channel returned excellent results including up to 95.3% gold recovery from oxide and up to 92.3% gold recovery from sulphide mineralization in bottle roll tests.
The drilling programs in conjunction with a reinterpretation of the Mankarga 5 deposit will lead to resource update studies towards the end of Q1 2014. West African geologists are currently re-logging key drill holes as part of this process. The combination of the results of the work programs will enable West African to complete a Preliminary Economic Analysis (PEA) or Scoping Study in the first half of 2014. The Company’s technical team is currently preparing a more detailed timeline of key deliverables over the next 12 months and we look forward to updating the market on this and new drilling results as they are received. Proximity to the Moktedu and Goudre prospects shown below in Figures 3 and 4 in link below.
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About West African Resources Limited
Dual listed (TSX-V and ASX) West African Resources Limited is a gold-copper exploration company dedicated to creating shareholder value through the acquisition, exploration and development of resource projects in Burkina Faso, West Africa.
West African has a landholding of 6,370sq km and 200km of strike length of early Proterozoic Birimian greenstone belts, which are highly prospective for gold mineralisation.
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Source: West African Resources Ltd (TSX-V: WAF) http://www.westafricanresources.com
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Posted: February 6th, 2014 under FSCWIRE.