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 31 March 2018.
Highlights
Sanbrado Gold Project
- Updated feasibility study on track for completion in Q2 2018
M1 South
- High-grade results from depth at M1 South included:
- TAN17-DD174A 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au
- TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au
- TAN17-DD179 13m at 5.26 g/t Au from 425.5m
- TAN17-DD179 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au
- TAN17-DD179-WD1 8.5m at 7.4 g/t Au from 403.5m
- TAN17-DD179-WD1 6m at 25.95 g/t Au from 419.5m including 0.5m at 220 g/t Au
- TAN18-DD189: 11m at 11.2 g/t from 654 and 5.5m at 26.4 g/t Au from 675.5m1
- TAN18-DD196: 3.5m at 14.5 g/t from 693 and 1m at 9.2 g/t Au 705.5m1
- Drilling program completed targeting upgrade of Inferred resources at 300m to 500m depth
- Four drill rigs currently on-site double shifting, infilling and extending mineralisation
- M1 South remains fertile and open at depth with significant results returned from +500m in TAN18-DD189 and TAN18-DD196
Metallurgical Test Work
- Excellent metallurgical test work results from M1 South - average recoveries of 96.8%
- Gravity recoveries of up to 66%, average 44%
- Rapid leach times - leaching completed within 24 hours for all samples
- Updated M1 South recoveries to be significantly higher across the grade range
M5 Deposit
- Deep drilling at M5 returns 11m at 4.5 g/t Au within 26m at 3.0g/t Au from 454m
- Infill Diamond drilling at M5 returns:
- TAN17-DD180: 20m at 2.2g/t Au from 216m
- TAN17-DD182: 18m at 2.2g/t Au from 259m
- TAN18-DD185: 22m at 2.4g/t Au from 115m
- TAN18-DD186: 23m at 7.2g/t Au from 102m
- TAN18-DD188: 14m at 7.7g/t Au from 90m
- 4 drill rigs currently infilling and extending mineralisation at M1 and M5
- Resource update and feasibility study on track for completion Q2 2018
- Funded to complete all work programs with $15.8m cash at bank
March 2018 Quarter Summary
- Total meters: 19,316.44, from 130 drill holes
- AC: 24 holes, 437 m
- RC: 80 holes, 10,647 m
- DDH: 26 holes, 8,232.44 m
- $4.6m Exploration and Development Expenditure
- $1.0m Administration Costs
- $15.8m cash at bank at 31 March 2018
June 2018 Quarter Plans
- Resource update
- Significantly improved Feasibility Study due for completion
Click here to view the Quarterly Activities Report
Click here to view the Quarterly Cashflow Report