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Azumah Increases Wa Gold Resources 32% Julie Mineral Resource Increased 84%
- Wa Gold Project Mineral Resources increased to:
- 23.7Mt @ 1.78g/t Au for 1,355,000oz (Measured & Indicated)
- 16.7Mt at 1.58g/t Au for 849,000oz (Inferred)
- Measured and Indicated Mineral Resources increased by 33% to 1.36Moz and grade lifted from 1.60g/t to 1.78g/t Au
- Julie Mineral Resources, at Wa East, increased to:
- 9.1Mt @ 2.00g/t Au for 588,000oz (Measured & Indicated)
- 7.2Mt at 1.97g/t Au for 458,000oz (Inferred)
- Grade of Julie Measured and Indicated Mineral Resource increased from 1.52g/t Au to 2.00g/t Au
- Aduane maiden Inferred Mineral Resource of 85,000oz
- Updated Mineral Reserve and Feasibility Study due Q2 2013 will benefit from Mineral Resource classification upgrades, metallurgical optimisations, revised establishment and operating costs
- Results awaited from Yiziri, Sabala and Josephine drilling
- Cash and listed investments of ~$12M to support primary focus on new discoveries
"A near doubling of the Julie Mineral Resource to over 1.0Moz has lifted total Mineral Resources at the Wa Gold Project to 2.2Moz which, along with increases in grades and classifications, is likely to have a positive impact on our upcoming Feasibility Study and Mineral Reserve updates." said Azumah Managing Director, Stephen Stone.
"We will be extending this scope of work to include results from metallurgical recovery optimisation test work on all existing deposits and other key operating cost impacting inputs plus we will also revisit a higher 1.5mtpa start-up plant throughput option."
"With a healthy cash position, Azumah�s primary objective for 2013 will be to grow Mineral Reserves and mine life through aggressive exploration campaigns directed towards the pipeline of brownfields and greenfields targets we have identified on our prospective 3,100km2 licence holdings where only 10% has been effectively explored."
Download the full announcement including updated Mineral Resource Estimate table, figures and charts. |
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Azumah Resources Limited
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EN DÉVELOPPEMENT |
CODE : AZM.AX |
ISIN : AU000000AZM5 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Azumah Res. est une société d’exploration minière d'or basée en Australie. Son principal projet en développement est WA au Ghana et ses principaux projets en exploration sont KUNCHE et BEPKONG au Ghana. Azumah Res. est cotée en Australie. Sa capitalisation boursière aujourd'hui est 18,6 millions AU$ (12,4 millions US$, 11,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 05 novembre 2010 à 0,83 AU$, et son plus bas niveau récent le 02 août 2019 à 0,01 AU$. Azumah Res. possède 582 569 984 actions en circulation. |