Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report high-grade results from first-pass shallow oxide RC drilling at its M3 prospect, Tanlouka Gold Project, Burkina Faso.
Highlights
- RC drilling at M3 prospect discovers shallow high-grade oxide mineralisation
- Potential to add ounces and increase grade for heap leach starter project
- Follow-up RC and Diamond drilling planned to commence in late October following wet-season
Managing Director Richard Hyde commented:
�A first pass result of 32m at 5.02g/t Au in oxide near surface highlights the upside potential of the Tanlouka Gold Project. To date the Company has done very little work outside the M5 resource area and the new gold discovery at M3 will boost the already robust economics of the heap leach starter project.
�The new gold discovery at M3 is located less than 2km from the proposed starter pit. Completion of the Feasibility Study will be extended to Q4 2015 to allow new oxide mineralisation from M1 and M3 zones to be incorporated into the resource inventory and mine plan. Follow-up drilling will commence in October after the current wet season.�
RC drilling at the M3 prospect has discovered high-grade shallow oxide gold mineralisation in first-pass wide spaced RC drilling. Discovery holes TAC0995 and TAC0996 were drilled directly beneath a 13g/t Au auger result returned in recent infill auger drilling (ASX/TSXV: 17/08/2015). TAC0995 returned 6m at 1.88g/t Au from 40m ending in mineralisation while TAC0996 returned 32m at 5.02g/t Au including 13m at 7.14g/t Au from 2m. Gold mineralization is associated with an array of quartz veinlets along a sheared contact between the metasediments and diorite and is open along strike and at depth. It is expected that oxide mineralisation from M3 will exhibit similar metallurgical characteristics to M5 oxides, and will be amenable to heap leach processing.
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