West African Resources Ltd.

Published : August 19th, 2014

West African Resources Limited 15m at 5.9 g/t Au including 5m at 15.8 g/t Au from 13m at Burkina Faso

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West African Resources Limited 15m at 5.9 g/t Au including 5m at 15.8 g/t Au from 13m at Burkina Faso

PERTH, Australia--(BUSINESS WIRE)--

Gold developer West African Resources Limited (ASX:WAF)(TSC-V:WAF) is pleased to announce further highgrade gold results from oxide resource definition drilling at its Mankarga 5 deposit, Burkina Faso. Managing Director Richard Hyde commented:

"The latest round of results complete the oxide infill drilling program at Mankarga 5 required to commence mining for the Stage 1 project. This drilling program has hit a number of sweet spots in the resource that were not evident in previous wider-spaced drilling, including 15m at 5.93 g/t Au from 13m. "These results will significantly improve the oxide grade in the updated resource estimate to be included in the upcoming definitive feasibility study.

"We have kicked off definitive feasibility studies following the positive scoping study reported last month and we look forward to reporting metallurgical results from column test work."

Resource definition drilling is now complete at the Mankarga 5 deposit. Drilling in the central and southern portion of the deposit has again returned grades significantly higher than represented in the previous resource model (ASX, TSXV: 14/4/14). Oxide resource definition drilling will improve grade and category in the resource update planned for the December quarter. Results from the ongoing program include:

- TAC0462: TAC0462: 7m at 1.52 g/t Au from surface and 3.7 g/t Au from 12m on section SW0350
- TAC0463: 15m at 2.45 g/t Au from 4m on section SW0450
- TAC0464: 2m at 8.05 g/t Au from 16m on section SW0550
- TAC0465: 15m at 5.93 g/t Au from 13m including 5m at 15.8 g/t Au on section SW0550
- TAC0466: 7m at 4.71 g/t Au from surface on section SW0550

Notwithstanding the current wet season, Diamond drilling targeting higher grades at depth mineralisation is continuing with further results expected in the near future.

An updated cross-section of SW0550 and a summary plan showing results from recent drilling is shown below in Figures 1 and 2, with results presented in Tables 2 and 3 in link below.

In February, West African acquired a second-hand 1.6Mtpa heap leach plant as part of its plan to fasttrack development of Mankarga 5. In July, the Company delivered positive results from a Scoping Study which demonstrated a low capital cost, high margin, heap leach starter project (ASX,TSXV: 29/7/14).

The Company is focussed on near-term production with its immediate attention on the Mankarga 5 deposit and existing nearby gold prospects. The Company aims to be a +50,000oz per annum gold producer by the end of 2015 via a low-cost heap leach starter project.

To view all tables, charts and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-WAF-688158.pdf

About West African Resources Limited
West African Resources Limited (ASX:WAF) (TSX-V:WAF) is a gold-copper exploration company dedicated to creating shareholder value through the acquisition, exploration and development of resource projects in Burkina Faso, West Africa.

West African has a landholding of 6,370sq km and 200km of strike length of early Proterozoic Birimian greenstone belts, which are highly prospective for gold mineralisation.

Contact:

West African Resources Limited
Nathan Ryan, Investor Relations
T: +61-420-582-887

Richard Hyde
Managing Director
Ph: 08 94817344

E: info@westafricanresources.com
WWW: www.westafricanresources.com

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Australia | Burkina Faso | All
Gold and Silver Prices for these countries : Australia | Burkina Faso | All

West African Resources Ltd.

EXPLORATION STAGE
CODE : WAF.AX
ISIN : AU000000WAF6
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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$ 208.2 millions as of today (US$ 141.8 millions, € 128.3 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.

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In the News and Medias of West African Resources Ltd.
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
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
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: ...
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