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40,000m, A$4 million, Multi-Target Drilling Campaigns Underway
- New drill season focused on rapidly increasing Mineral Resources and Ore Reserves to underpin development decision for Wa Gold Project
- 7,000m of RC/Diamond drilling:
- to test for open-ended depth extensions to bottom-of-pit high-grade mineralisation at Kunche, Bepkong and Julie deposits;
- to expand Mineral Resources; and
- for new prospect development
- 3,000m of RC drilling to upgrade in-pit inferred Mineral Resources to indicated status for inclusion in pit optimisations
- 8,000m of RC drilling to target and delineate new shallow resources across the Project
- 7,000m of aircore drilling to test and expand multiple existing auger and VTEM generated targets and prospects
- Up to 15,000m of auger drilling to better define and infill existing anomalies and to identify new ones
- Up to 5,000m of trenching to test the Eve, Laudetta, Danyawu SW and Kjersti prospect areas
OTHER KEY POINTS:
- Strong drill results news flow well into 2019
- Ore Reserves and Feasibility Study progress update is on-track for end-2018 delivery
- Azumah and joint venture partner Ibaera Capital are attending and presenting at the 121 Mining Investment London conference on 20/21 and the Mines and Money London conference on 26-29 November
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For further information please contact:
Stephen Stone Managing Director stone@azumahresources.com.au Mb: +61 (0) 418 804 564 |
About Azumah
Azumah Resources Limited (ASX:AZM) is focused on its Wa Gold Project, Upper West Region, Ghana, West Africa. It holds 2,400km2 of licences that include >150km strike of prospective Birimian terrain, the rocks that host the majority of West Africa's major gold mines. It has delineated 2.5Moz of Mineral Resources and defined an Ore Reserve of 624,000oz grading 2.14g/t Au and is presently focused on growing these to underpin a development decision. |
Contact Details:
Suite 2, 11 Ventnor Avenue West Perth WA 6005 Tel: +61 (0)8 9486 7911 Fax: +61 (0)8 9481 4417
Azumah Resources website |
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Azumah Resources Limited
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DEVELOPMENT STAGE |
CODE : AZM.AX |
ISIN : AU000000AZM5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Azumah Res. is a gold exploration company based in Australia. Its main asset in development is WA in Ghana and its main exploration properties are KUNCHE and BEPKONG in Ghana. Azumah Res. is listed in Australia. Its market capitalisation is AU$ 18.6 millions as of today (US$ 12.4 millions, € 11.5 millions). Its stock quote reached its highest recent level on November 05, 2010 at AU$ 0.83, and its lowest recent point on August 02, 2019 at AU$ 0.01. Azumah Res. has 582 569 984 shares outstanding. |