- Latest Julie intercepts confirm that high-grade lodes extend beneath the base of designed open pits and initial Mineral Reserves
- Best intercepts include:-
- 9.1m @ 2.92g/t Au from 117.3m (AJUCD599A)
- 13.0m @ 4.24g/t Au from 82m (AJUC606)
- 5.0m @ 13.28g/t Au from 133m (AJUC611)
- 6.0m @ 3.86g/t Au from 105m (AJUC614)
- 7.0m @ 7.90g/t Au from 36m (AJUC615) and
9.0m @ 4.65g/t Au from 64m
- 11.0m @ 3.04g/t Au from 86m (AJUC616)
- 1.0m @ 45.43g/t Au from 63m (AJUC656)
- Julie Mineral Resource upgrade planned in Q4, 2012 � currently 386,000oz Measured & Indicated and 181,000oz Inferred
- Julie and total Wa Gold Project Mineral Reserve upgrade planned in Q1 2013 � currently 430,000oz @ 2.0g/t Au
- AZM holds $20M in cash and listed investments
"These excellent results from Julie provide further confirmation that high-grade mineralisation extends over a mineable thickness to well below the depth of previous drilling and current designed pits but is still shallow enough to be open-pitable and therefore likely to have a positive impact on Mineral Resources and Mineral Reserves" said Azumah Managing Director, Stephen Stone.
"Perth-based gold explorer and developer, Azumah Resources Limited (ASX: AZM, TSX: AZR), is pleased to report that another round of high-grade intercepts from drilling at the Julie deposit in the Wa East district of northwest Ghana, West Africa, has further confirmed the continuity of mineralisation below the deepest intercepts from previous drilling.
These intercepts, at no greater than 130m below surface, are still relatively shallow and will increase the Julie Mineral Resource. They may also have a positive impact on the overall Mineral Reserve for the Wa Gold Project (the �Project�) when this is re-estimated in Q1 2013 (Figure 1. Tables 1, 2 and 3).
Azumah�s recently completed Feasibility Study (refer ASX release dated 27th August 2012) enables it to commence the application for a Mining Licence and other key project development related approvals that, with the planned Mineral Reserve upgrade in early 2013, will then position the Company to make a final development decision.
Download the full announcement including figures and tables.