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Azumah Resources Limited (ASX: AZM)

 

ASX RELEASE                                                                                                 26 February 2009

 

Drilling commences at bepkong AND kunche WEST

 

Azumah Resources Limited (?Azumah?) is pleased to advise that it has commenced a reverse circulation drilling programme at its Wa-Lawra Gold Project, north-west Ghana.

 

Six holes will test for near-surface, north and south extensions to the 212,000 ounce gold Bepkong Indicated and Inferred Mineral Resource (Figure 1, Table1).

 

Two 100m holes are also planned to investigate a new, high-priority, north-north-west trending target 400m west of the 516,000 ounce gold Kunche Indicated and Inferred Mineral Resource.

 

A recent desktop review of historical geophysical datasets showed that mineralisation at Kunche is associated with ?high chargeability and apparent resistivity responses?. The new target has similar geophysical characteristics, supporting anomalous geochemical soil samples and anomalous mineralisation in a shallow depth drill hole.

 

 

Contact:

 

Stephen Stone                                                                                                  

Executive Chairman - Tel: +61 (0)418 804564                                        

stone@azumahresources.com.au

 

Full details of all drilling programmes, results and Mineral Resource estimates can be found in the Company?s regular announcements to the ASX and  on the Company?s website at www.azumahresources.com.au

 

 

Figure 1: Wa-Lawra Project ? Prospect Locations and Licences

Table 1: Wa-Lawra Gold Project: Statement of Combined Mineral Resource Estimates

 

Prospect

Indicated

Inferred

Total

Tonnes

Grade

 g/t

Gold

Contained

Ounces

Gold

Tonnes

Grade

 g/t

Gold

Contained

Ounces

Gold

Tonnes

Grade

 g/t

Gold

Contained

Ounces

 Gold

Kunche (1)

4,900,000

2.0

318,000

3,600,000

1.7

198,000

8,500,000

1.9

516,000

Bepkong (2)

1,040,000

2.5

  82,000

1,930,000

2.1

130,000

2,970,000

2.2

212,000

Atikpi (2)

 

 

 

   350,000

1.4

  15,500

   350,000

1.4

  15,500

Yagha(2)

 

 

 

   270,000

1.2

  10,800

   270,000

1.2

  10,800

Total

5,900,000

2.1

400,000

6,100,000

1.8

354,300

  12,090,000

1.9

754,300

               

1.                                                        Kunche Mineral Resource estimation quoted for blocks with a grade greater than 1.0g/t gold. Differences may occur due to rounding errors.  Refer ASX release September 2006 and details on Azumah website. Estimation completed by Resource Evaluations Pty Ltd in September 2006.

2.                                                        Bepkong, Atikpi and Yagha Mineral Resource estimations quoted for blocks with a grade of greater than 0.8 g/t gold. Differences may occur due to rounding errors.   Estimation completed by CSA Global Pty Ltd in August 2008.

3.                                                        Details of the Bepkong Mineral Resource estimation appear in ASX release dated 4th September 2008. 

4.                                                        Details of the Atikpi and Yagha Mineral Resource estimation appear in ASX release dated 4th September 2008.

 

All notes pertaining to the Kunche resource estimation of September 2006 and the Bepkong, Atikpi and Yagha resource estimation of September 2008 can be found at www.azumahresources.com.au

 

Competent Persons and Forward Looking Statements:

 

The information in this report that relates to in-situ Mineral Resource estimates is based on information compiled by Mr David Williams, an employee of CSA Global Pty ltd, geological consultants.  Mr Williams is the competent person for the Bepkong, Yagha and Atikpi estimates and takes overall responsibility for these.  Mr Williams is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ?Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves?.  Mr Williams consents to the inclusion in the report of the matters based on information in the form and context in which it appears.

 

The information in this report that relates to Exploration Results is based on information compiled by Mr Bernard Aylward.  Mr Aylward is the General Manager of Azumah Resources Limited.  Mr Aylward is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ?Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves?.  Mr Aylward consents to the inclusion in the report of the matters based on information in the form and context in which it appears.

 

Statements regarding plans with respect to the Company?s mineral properties are forward-looking statements.  There can be no assurance that the Company?s plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that the Company will be able to confirm the presence of additional mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company?s mineral properties.

 

 

 

 

 

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Azumah Resources Limited

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CODE : AZM.AX
ISIN : AU000000AZM5
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Corporate Presentations of Azumah Resources Limited
8/1/2007June 2007 Quarterly Report
In the News and Medias of Azumah Resources Limited
8/30/2010Azumah Resources looks to boost gold resources at Wa Project
7/7/2010Azumah to build gold mine at its Wa project in Ghana
7/6/2010To build gold mine at its Wa project in Ghana
7/6/2010To establish 70,000 ounce a year operation
11/6/2009Azumah Resources raises A$4,24m for Ghana gold exploration
Nominations of Azumah Resources Limited
2/18/2010(Wa)Appointment Of Study Manager
Project news of Azumah Resources Limited
7/27/2011(Wa)Quarterly Activities Report
4/6/2011(Wa)More high-grade results underpin WA Gold Project
10/27/2010(Wa)Aggressive Drilling Campaign Underway in Ghana
10/19/2010(Wa)Raises $30M to fast-track development of 1.2Moz Wa gold proj...
9/1/2010(Wa)More gold discovered between key Kunche-Bepkong deposits at ...
8/30/2010(Wa)Encouraging results continue
7/6/2010(Wa)New zones of mineralisation found
6/1/2010(Kunche)Capital raising accelerates Azumah's Ghana gold quest
6/1/2010(Bepkong)Capital raising accelerates Azumah's Ghana gold quest
5/28/2010(Wa)Drilling Extends Existing Deposits and Confirms Multiple New...
4/6/2010Set to increase resources after more strong drilling results
4/6/2010Drilling results to boost resources at Wa Gold Project
3/24/2010(Wa)Boosts Resources to Over 1.1 Million Oz Gold
3/9/2010(Wa)Set For Resource Upgrade
2/1/2010(Wa)Completes Acquisition Of Three New Licences
1/27/2010(Wa)High-Grade Drilling Results to Support Resource Upgrade at W...
1/19/2010(Wa)New Zones Of Mineralisation Confirmed At Wa Gold Project, Gh...
11/6/2009(Wa)Raises A$4.24M To Accelerate Development Of Wa Gold Project
10/27/2009(Wa)Commits to 41,000 Metre Drilling Campaign
8/21/2009(Wa)Preliminary Mining Studies Indicate Robust Operating Margins...
6/29/2009High-grade Gold Intersections at Collette and Julie
6/1/2009(Wa)to Proceed with WA Project Purchase
5/19/2009(Wa)to Raise $5.25M to Rapidly Advance Ghana Gold Projects
4/6/2009(Wa)Further Drilling Success for Azumah
2/26/2009(Wa)Drilling Commences At Bepkong and Kunche West
9/4/2008(Wa)Maiden 212,000oz Gold Resource for Bepkong Deposit - Total W...
8/26/2008(Wa)Encouraging Kunche Metallurgical Results
7/17/2008(Wa)Outstanding Drill Results Continue At Bepkong
5/27/2008(Wa)Drilling Underway to Upgrade Wa-Lawra Gold Resource
4/9/2008(Wa) Drilling Extends Bepkong Strike Zone by 1.5km
3/25/2008(Wa)Drilling Extends New Bepkong Discovery
3/12/2008(Wa)Drilling Underway at Bepkong, Butele and Basabli
3/11/2008(Wa) Drilling Underway at Bepkong, Butele and Basabli
2/20/2008(Wa)Bepkong Gold Discovery Confirmed
Corporate news of Azumah Resources Limited
5/30/2011Azumah builds strategic stake in Castle Minerals
10/21/2010Quarterly Activities Report for the Period Ending 30 Septemb...
10/19/2010$30m Placement Broadens Institutional Shareholder Base
7/27/2010Quarterly Report for the Period Ending 30 June 2010
6/21/2010Completes A$11.6M Raising to Grow 1.1Moz Resource Inventory
5/29/2010A$11.16M Institutional Placement
5/19/2010BGF Equities Research Report
4/27/2010March 2010 Quarterly Activities Report
1/29/2010December Quarter 2009 Operations Report
12/16/2009Secondary Trading Notice Notification
11/12/2009Commences Drilling At Wa Gold Project, Ghana
10/20/2009Board Changes
9/21/2009Fertile Ground
7/31/2009 June 2009 Quarterly Report
7/1/2009Blackswan Equities Research Report
4/29/2009March 2009 Quarterly Operations Report
4/29/2009March Quarterly Report
4/9/2009Boardroom Radio Interview with Stephen Stone
3/3/2009Strengthens Dominant Position in North-West Ghana with New G...
1/23/2009Boardroom Radio Broadcast - Dec 08 Quarterly Activities and ...
1/21/2009December 2008 Quarterly Operations Report
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9/1/2008Mineralisation Confirmed at Basabli and Kuo Targets
7/29/2008 Secures Support of Macquarie Bank as Substantial Shareholde...
7/28/2008June 2008 Quarterly Activities Report
4/29/2008Quarterly Activities Report
8/20/2007 Multiple Gold Zones Identified at Kunche East
7/19/2007New Gold Zones Discovered Adjacent to Kunche Deposit
5/23/2007Drilling of New Gold Zones and Kunche Resource Extensions Co...
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