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Resource Increase Expected For Julie Deposit
- Drilling confirms mineralisation at Julie deposit extends to more than 100m depth and below base of planned pits
- Increase in Julie and Wa Gold Project Mineral Resources likely later in 2012 � currently 1.02Moz Measured & Indicated and 0.66Moz Inferred
- Best intercepts to date (30 of 72 holes received) 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)
- Drilling reinforces possibility of a stand-alone mining operation at Wa East
- Second phase of drill testing at nearby Collette deposit completed
- Initial drill test of new targets at Kjersti prospect also completed � results pending
- Cash and listed investments of $22.5M
"Exploration continues to confirm the excellent gold endowment of the plus-3,000km2 Wa Gold Project with a strong likelihood that current Mineral Resources can be increased to enhance the development of a long term mining operation." said Azumah Managing Director, Stephen Stone.
"Even more interesting is that the latest Julie depth extension drilling and other encouraging work increases the possibility of a stand-alone mining operation being established at Wa East".
Download the full announcement including figures and tables. |
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Azumah Resources Limited
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DEVELOPMENT STAGE |
CODE : AZM.AX |
ISIN : AU000000AZM5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Azumah Res. is a gold exploration company based in Australia. Its main asset in development is WA in Ghana and its main exploration properties are KUNCHE and BEPKONG in Ghana. Azumah Res. is listed in Australia. Its market capitalisation is AU$ 18.6 millions as of today (US$ 12.4 millions, € 11.5 millions). Its stock quote reached its highest recent level on November 05, 2010 at AU$ 0.83, and its lowest recent point on August 02, 2019 at AU$ 0.01. Azumah Res. has 582 569 984 shares outstanding. |