West African Resources Ltd.

Published : July 31st, 2017

June 2017 Quarterly Activities and Cashflow Report

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Burkina Faso | Cash | Copper | Diamond | End | Future | Gold | Report | Reserve | Work |
rounded left

June 2017 Quarterly Activities and Cashflow Report

logo

West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 30 June 2017.

Highlights

Sanbrado Gold Project

  • High-grade Diamond drilling results from M1 more than 400m down hole
  • Mineralisation at M1 now more than double the average depth of the current reserve
  • Deep drilling at M1 and M5 targeting open zones & infill drilling targeting category upgrades
  • Ground geophysical surveys commenced targeting additional M1-style mineralisation
  • Resource for M1 and M5 update on track for Q3 2017
  • C$17.25m bought deal private placement completed post quarter end


M1 drilling adds further high-grade at depth

  • 22m at 10.5 g/t Au from 373.5m including 1.5 m at 61.7 g/t Au (TAN17-DD110A)
  • 15m at 12.4 g/t Au from 431.5m including 2.5 m at 57.6 g/t Au (TAN17-DD110A)
  • 21m at 53.1 g/t Au from 408.5m including 1 m at 1,071.9 g/t Au (TAN17-DD111)
  • 14.5m at 38.3 g/t Au from 459m including 4.5 m at 104.2 g/t Au (TAN17-DD111)
  • 2.5m at 58.9 g/t Au from 254m including 0.5 m at 280.3 g/t Au (TAN17-DD128)
  • 2.5m at 24.4 g/t Au from 162m including 0.5 m at 64.9 g/t Au (TAN17-DD129)

M5 drilling hits solid mineralisation beneath reserve pit shell

  • 7m at 3.3 g/t Au from 179m (TAN17-DD105B)
  • 20m at 2.1 g/t Au from 178m (TAN17-DD116)
  • 36.5m at 2.5 g/t Au from 320m (TAN17-DD118)
  • 20m at 1.5 g/t Au from 187m (TAN17-DD121)
  • 40.5m at 1.4 g/t Au from 240m (TAN17-DD122)
  • 12m at 3.3 g/t Au from 211m (TAN17-DD126)
  • 37m at 2.4 g/t Au from 298.5m (TAN17-DD127)
  • 25.5m at 1.9 g/t Au from 341.5m (TAN17-DD127)

Managing Director Richard Hyde commented:

�The 2017 June quarter added further value at Sanbrado with ultra-high grade mineralisation intercepted at more than 400m down hole, more than double the reserve depth from the February feasibility study. TAN17-DD111 returned a spectacular result with 1.6 kilograms of gold per tonne over a half metre sample, within 21m at 53.1 g/t Au. A second deeper zone in TAN17-DD111 returned and 14.5m at 38.3 g/t Au including 4.5 m at 104.2 g/t Au."

Late in the June quarter the Company announced a C$17.25m bought deal private placement led by Sprott Capital Partners. The deal subsequently closed post the end of the quarter on 24th July, 2017. The Company now has approximately $26m in cash and is fully funded for all 2017 work programs.

Click here to view the full ASX announcement

www.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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

West African Resources is an 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$ 143.8 millions as of today (US$ 100.9 millions, € 90.1 millions).

Its stock quote reached its highest recent level on April 15, 2011 at AU$ 0.67, and its lowest recent point on February 26, 2016 at AU$ 0.05.

West African Resources has 484 249 984 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of West African Resources Ltd.
12/20/2016West African Resources targets feasibility study
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
5/18/2015March Quarter Interim Financial Report and Discussion
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
6/3/2015NI 43-101 Technical Report – Pre-Feasibility Study Mankarga ...
5/25/2015March 2015 Quarterly Cashflow Report
5/4/2015IIROC Trading Resumption - WAF
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...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (WAF.AX)
0.297+0.68%
AUSTRALIA
AU$ 0.297
06/17 15:34 -
0.68%
Prev close Open
0.295 0.295
Low High
0.290 0.297
Year l/h YTD var.
0.215 -  0.340 18.80%
52 week l/h 52 week var.
0.215 -  0.380 -2.62%
Volume 1 month var.
106,977 -2.62%
24hGold TrendPower© : 9
Produces
Develops
Explores for Gold - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
201918.80%0.250.24
2018-37.50%0.480.23
201781.82%0.450.18
2016214.29%0.450.05
2015-30.00%0.110.05
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.89-1.57%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 4.15-1.43%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.02-0.74%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+0.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.60+4.25%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 1.48-7.50%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.50-1.96%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 0.90-1.10%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.70-0.45%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.04+12.50%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.14+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.60-2.44%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 26.29+2.02%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.08+8.70%Trend Power :