Azumah
Resources Limited (ASX: AZM)
ASX
RELEASE
26
February 2009
Drilling commences at bepkong AND kunche WEST
Azumah
Resources Limited (?Azumah?) is pleased to advise that it has commenced a
reverse circulation drilling programme at its Wa-Lawra Gold Project, north-west
Ghana.
Six
holes will test for near-surface, north and south extensions to the 212,000
ounce gold Bepkong Indicated and Inferred Mineral Resource (Figure 1, Table1).
Two 100m holes
are also planned to investigate a new, high-priority, north-north-west trending
target 400m west of the 516,000 ounce gold Kunche Indicated and Inferred
Mineral Resource.
A recent
desktop review of historical geophysical datasets showed that mineralisation at
Kunche is associated with ?high chargeability and apparent resistivity
responses?. The new target has similar geophysical characteristics, supporting
anomalous geochemical soil samples and anomalous mineralisation in a shallow
depth drill hole.
Stephen
Stone
Executive
Chairman - Tel: +61 (0)418 804564
stone@azumahresources.com.au
Full
details of all drilling programmes, results and Mineral Resource estimates can
be found in the Company?s regular announcements to the ASX and on the
Company?s website at www.azumahresources.com.au
Figure 1: Wa-Lawra Project ? Prospect
Locations and Licences
Table 1: Wa-Lawra Gold Project:
Statement of Combined Mineral Resource Estimates
Prospect
|
Indicated
|
Inferred
|
Total
|
Tonnes
|
Grade
g/t
Gold
|
Contained
Ounces
Gold
|
Tonnes
|
Grade
g/t
Gold
|
Contained
Ounces
Gold
|
Tonnes
|
Grade
g/t
Gold
|
Contained
Ounces
Gold
|
Kunche
(1)
|
4,900,000
|
2.0
|
318,000
|
3,600,000
|
1.7
|
198,000
|
8,500,000
|
1.9
|
516,000
|
Bepkong
(2)
|
1,040,000
|
2.5
|
82,000
|
1,930,000
|
2.1
|
130,000
|
2,970,000
|
2.2
|
212,000
|
Atikpi (2)
|
|
|
|
350,000
|
1.4
|
15,500
|
350,000
|
1.4
|
15,500
|
Yagha(2)
|
|
|
|
270,000
|
1.2
|
10,800
|
270,000
|
1.2
|
10,800
|
Total
|
5,900,000
|
2.1
|
400,000
|
6,100,000
|
1.8
|
354,300
|
12,090,000
|
1.9
|
754,300
|
1.
Kunche
Mineral Resource estimation quoted for blocks with a grade greater than 1.0g/t
gold. Differences may occur due to rounding errors. Refer ASX release
September 2006 and details on Azumah website. Estimation completed by Resource
Evaluations Pty Ltd in September 2006.
2.
Bepkong,
Atikpi and Yagha Mineral Resource estimations quoted for blocks with a grade of
greater than 0.8 g/t gold. Differences may occur due to rounding
errors. Estimation completed by CSA Global Pty Ltd in August 2008.
3.
Details
of the Bepkong Mineral Resource estimation appear in ASX release dated 4th
September 2008.
4.
Details
of the Atikpi and Yagha Mineral Resource estimation appear in ASX release dated
4th September 2008.
All notes pertaining to the Kunche resource estimation of September 2006
and the Bepkong, Atikpi and Yagha resource estimation of September 2008 can be
found at www.azumahresources.com.au
Competent
Persons and Forward Looking Statements:
The information in this report that relates to in-situ
Mineral Resource estimates is based on information compiled by Mr David
Williams, an employee of CSA Global Pty ltd, geological consultants. Mr
Williams is the competent person for the Bepkong, Yagha and Atikpi estimates
and takes overall responsibility for these. Mr Williams is a Member of
The Australasian Institute of Mining and Metallurgy and has sufficient
experience which is relevant to the style of mineralisation and type of deposit
under consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the ?Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves?. Mr
Williams consents to the inclusion in the report of the matters based on
information in the form and context in which it appears.
The information in this report that relates to
Exploration Results is based on information compiled by Mr Bernard
Aylward. Mr Aylward is the General Manager of Azumah Resources
Limited. Mr Aylward is a Member of The Australasian Institute of Mining
and Metallurgy and has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which
he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the ?Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves?. Mr Aylward consents to the inclusion in the
report of the matters based on information in the form and context in which it
appears.
Statements regarding plans with respect to the
Company?s mineral properties are forward-looking statements. There can be
no assurance that the Company?s plans for development of its mineral properties
will proceed as currently expected. There can also be no assurance that the
Company will be able to confirm the presence of additional mineral deposits,
that any mineralisation will prove to be economic or that a mine will
successfully be developed on any of the Company?s mineral properties.