Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.
Highlights
- High-grade results from step down drilling at M1 South include;
- TAN18-DD214A: 0.5m at 520 g/t Au from 578m and;
- TAN18-DD214A: 23m at 7.3 g/t Au from 617m including 3.5m at 20.2 g/t Au, 4m at 24.4 g/t Au and 1.5m at 21.5 g/t Au
- TAN18-DD217A: 6.5m at 6.8 g/t Au from 603.5m including 0.5m at 35.7 g/t Au
- New high-grade results add to existing mineralisation located beneath current reserves including:
- TAN18-DD196: 8m at 7.0 g/t from 693 including 1.5m at 21.6 g/t Au and 1m at 9.2 g/t Au
- TAN18-DD189: 11m at 11.2 g/t from 654 including 1m at 39.8 g/t Au, and 6m at 24.4 g/t Au from 675m including 0.5m at 240 g/t Au
- Infill drilling is underway and is focussed on extending the underground mine life past 4.5 years as detailed in the recent Feasibility Study
- Funded to complete all work programs with $43m cash at bank 1
Managing Director Richard Hyde commented:
�M1 South continues to show excellent continuity of high grade gold at depth with drilling returning 0.5m at 520 g/t Au and 23m at 7.3 g/t Au more than 70m beneath existing reserves.
�Infill drilling has commenced which is expected to extend the current mine life well past 5 years.
�The Company will release an updated resource estimate for M1 South and a Scoping Study investigating M5 underground potential by the end of Q3 2018.�
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