West African Resources Ltd.

Published : March 30th, 2017

confirms underground potential at M5 77m at 5.3 g/t Au including 27m at 12.3 g/t Au from 352m

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Keywords :   Burkina Faso | Diamond | End | Future | Gold | Mining | Report | Reserve | System | Work |
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West African confirms underground potential at M5 77m at 5.3 g/t Au including 27m at 12.3 g/t Au from 352m

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Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report high-grade Diamond drilling results from the M5 prospect, at its 100%-owned Sanbrado Gold Project, Burkina Faso.

Highlights

  • High-grade results from depth at the south-western end of M5;
    � 42m at 3.89 g/t Au including 2m at 27.47 g/t Au and 14m at 5.41 g/t Au from 176m ­
    � 77m at 5.30 g/t Au including 27m at 12.26 g/t Au and 30m at 2.4 g/t Au from 352m
  • Diamond drilling at M1 intercepts multiple zones of visible gold � assays pending (see photos);
  • New results to be included in resource & reserve update in Q3 2017
  • Optimised feasibility study including open-pit and underground mining on track for Q3 2017
  • Two contractor rigs currently drilling at M1 South, two company-owned rigs operating at M5
  • Two additional contractor rigs secured � mobilising to site
  • Well-funded to complete all work programs

Managing Director Richard Hyde commented:

�TAN17-DD102 has returned a spectacular result of 27m at 12.3 g/t Au, within a larger zone of 77m grading 5.3 g/t Au, which confirms the underground potential of the extensive 2.5km M5 gold system. 

�Deep drilling at the south-western end of M5 continues to return thick zones of higher grade gold mineralisation beneath the existing reserve pit shells.

�Two additional contract rigs have been secured and are being mobilised to site to accelerate the drilling programs at M1 and M5.

�Results will be included in the optimised feasibility study in Q3 2017.�

Click here to view the full ASX announcement

Visit our website: westafricanresources.com

Data and Statistics for these countries : Burkina Faso | All
Gold and Silver Prices for these countries : Burkina Faso | All

West African Resources Ltd.

EXPLORATION STAGE
CODE : WAF.AX
ISIN : AU000000WAF6
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West African Resources is a exploration company based in Australia.

Its main exploration properties are MARANDET in Niger and BOULSA in Burkina Faso.

West African Resources is listed in Australia. Its market capitalisation is AU$ 786.9 millions as of today (US$ 534.8 millions, € 481.0 millions).

Its stock quote reached its lowest recent point on February 26, 2016 at AU$ 0.05, and its highest recent level on June 28, 2024 at AU$ 1.64.

West African Resources has 484 249 984 shares outstanding.

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In the News and Medias of West African Resources Ltd.
7/25/2016in The Australian
Financings of West African Resources Ltd.
8/18/2016Issue of securities
8/18/2016ISSUE OF SECURITIES WITHOUT A DISCLOSURE DOCUMENT
3/25/2011$7 Million Capital RaisingUser-Agent: ExpressionEngine 1.6.9
Nominations of West African Resources Ltd.
2/28/2014Appointment of Colin Jones as Non-Executive Director
Financials of West African Resources Ltd.
10/31/2016Quarterly Activities and Cashflow Report
7/29/2016June 2016 Quarterly Activities Report
5/2/2016March 2016 Quarterly Activities Report
2/14/2016December 2015 Quarter Interim Financial Report
Project news of West African Resources Ltd.
9/14/2016hits 10m at 18.33g/t Au including 1m at 165.14g/t at M1 Sout...
8/1/2016(Tanlouka)Upgrades Mineral Resources as at Tanlouka
2/1/2016West African hits 19m at 1.9g/t Au from 40m, including 3m at...
10/15/2015West African commences drilling at M3 gold discovery
8/16/2015New gold zone returns up to 13g/t Au in auger drilling
6/18/2015Outstanding results at Mankarga 1 prospect – Up to 4g/t Au i...
2/19/2014Acquires Heap Leach Plant Targeting Gold Production 2015
1/20/2014Completes Acquisition of Channel Resources
12/13/2013Channel Receives Final Court Approval for Arrangement With W...
9/26/2013Channel Resources and West African Resources
5/18/2011Further high-grade results at MokteduUser-Agent: ExpressionE...
3/20/2011New high grade gold discoveryUser-Agent: ExpressionEngine 1....
Corporate news of West African Resources Ltd.
7/31/2017June 2017 Quarterly Activities and Cashflow Report
8/25/2016West African Resources Repays US$5m Loan Facility
8/1/2016West African Upgrades Mineral Resources as at Tanlouka
7/27/2016West African hits 41m at 2.2 g/t Au including 8m at 5.7 g/t ...
7/20/2016Clarus Securities initiates coverage on West African Resourc...
7/17/2016West African hits 1107g/t Au at M1 South
6/16/2016West African hits visible gold at 175m, confirms depth poten...
5/13/2016March 2016 Quarter Interim Financial Report
5/13/2016March 2016 Quarter Management Discussion & Analysis
5/11/2016West African hits 14m at 8.7g/t Au from 75m including 1m at ...
5/5/2016West African hits 6m at 9.2g/t Au from 15m at M1 South
4/26/2016Notice of General Meeting/Proxy Form
4/26/2016Section 708 Notice
4/20/2016West African hits 9m at 9.7g/t Au from 112m, including 1m at...
4/13/2016Trading Halt
4/5/2016West African hits 96.3g/t Au at M1 North
12/23/2015Becoming a substantial holder for WAF
12/21/2015Preliminary metallurgical recoveries average 97.5% at M1 and...
12/14/201515m at 1.2g/t Au including 7m at 2.2g/t Au from 4m at M3
9/30/2015Management Discussion & Analysis
9/30/2015Annual Report
9/18/2015Company Update
9/1/2015Final Director’s Interest Notice x 2
7/31/2015June Quarterly Activities Report
6/17/2015West African extends M5 by 1.5km, up to 0.63g/t Au in Auger
10/6/2014West African Resources Limited 72m at 2.2 g/t Au Including 7...
8/19/2014West African Resources Limited 15m at 5.9 g/t Au including 5...
8/12/2014West African Resources Limited Finds Extension of Mankarga 5...
8/6/2014West African Resources Limited West African Oxide Drilling 2...
12/6/2013Acquisition by West African Resources Approved
8/14/2013Letter of Intent for the Acquisition of Channel Resources by...
10/9/2012Hartleys initiates coverage on West African Resources (ASX: ...
7/29/2011June 2011 Quarterly ReportUser-Agent: ExpressionEngine 1.6.9
4/27/2011March 2011 Quarterly ReportUser-Agent: ExpressionEngine 1.6....
1/31/2011December 2010 Quarterly ReportUser-Agent: ExpressionEngine 1...
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