Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade RC results from the M1 prospect, at its 100%-owned Tanlouka Gold Project, Burkina Faso.
Highlights
- More high grade results from M1 South with 10m at 18.33g/t Au including 1m at 165.14g/t Au
- Latest results outside current resource area, down dip of previous drilling
- New results to be included in resource update in Q4 2016
- Feasibility study in progress on track for completion in Q4 2016
- $21.5m cash at bank and no debt
Managing Director Richard Hyde commented:
�Extensional drilling at M1 South has intercepted mineralisation beneath the current resource area, returning 10m at 18.33g/t Au from 172m including 1m at 165.14g/t Au.
�A further zone 50m up hole also intercepted high grade mineralisation returning 4m at 32.04 g/t Au from 122m, including 1m at 82.08g/t Au.
�Drilling is currently focusing on extending mineralisation to 300m below surface beneath the current M1 South resource. A further resource updated is expected in Q4, in parallel with completion of feasibility studies for the project.�
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