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West African Resources Ltd.

Publié le 01 août 2016

Upgrades Mineral Resources as at Tanlouka

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Mots clés associés :   Burkina Faso |
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West African Announces Maiden Mineral Resources for M1 & M3, updated Mineral Resource for M5 at Tanlouka Gold Project

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Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce results of maiden mineral resource estimates for M1 and M3 prospect, and an updated mineral resource estimate for the M5 deposit at its 100%-owned Tanlouka Gold Project, Burkina Faso.  Mineral Resource estimates for the Tanlouka Gold Project were completed by independent resource consultant International Resource Solutions Pty Ltd (IRS) and was prepared in accordance with the requirements the 2012 JORC Code and disclosed in accordance with NI 43-101, under which the 2012 JORC Code is acceptable for mineral resource calculation and disclosure.

Highlights

  • Project mineral resources now 9.8Mt tonnes at 2.1 g/t Au for 670,000 ounces of gold (Indicated) and a further 10.7Mt tonnes at 2.0 g/t Au for 695,000 ounces of gold (Inferred)
  • 34% increase in Indicated mineral resources for Tanlouka Gold Project
  • Maiden M1 South Indicated mineral resource of 290,000 tonnes at 10.3 g/t Au for 96,000 ounces of gold and Inferred mineral resource of 410,000 tonnes at 6.4 g/t Au for 83,000 ounces of gold
  • M1 South structure averages 1,600 ounces per vertical metre 30m to 130m below surface and remains open along strike and down plunge
  • The Company will report a further resource update at M1 South in Q4 following a 10,000m diamond drilling campaign to test mineralisation down to 300 vertical metres

Managing Director Richard Hyde commented:

�We are pleased to deliver a maiden resource for M1 South in such a short period of time.  This discovery should significantly impact on the potential economics of the project.  M1 South mineralisation is open down plunge and along strike.

�The bulk of the current M1 south resource sits between 30m and 130m below surface, where contained gold averages 1,600 ounces per vertical metre.  To date M1 South has only been drilled to an average vertical depth of 120m.

�The Company�s focus at has strongly shifted to M1 South since the discovery of high grade gold shoots in March 2016.  We are stepping up the drilling campaign with additional diamond rigs focussed on adding to the resource inventory and upgrading inferred resources.  This is principally focussed on M1 South but also the M5, M1 North and M3 deposits.  We will provide a further resource update for the Tanlouka Gold Project in Q4. The Company aims to have a completed feasibility study and granted mining permit for the project by the end of 2016."

Click here for the full ASX announcement

www.westafricanresources.com

Données et statistiques pour les pays mentionnés : Burkina Faso | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Burkina Faso | Tous

West African Resources Ltd.

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CODE : WAF.AX
ISIN : AU000000WAF6
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West African Resources est une société d’exploration minière basée en Australie.

Ses principaux projets en exploration sont MARANDET au Niger et BOULSA au Burkina Faso.

West African Resources est cotée en Australie. Sa capitalisation boursière aujourd'hui est 639,2 millions AU$ (409,3 millions US$, 384,5 millions €).

La valeur de son action a atteint son plus bas niveau récent le 26 février 2016 à 0,05 AU$, et son plus haut niveau récent le 19 novembre 2021 à 1,47 AU$.

West African Resources possède 484 249 984 actions en circulation.

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Dans les médias de West African Resources Ltd.
25/07/2016in The Australian
Financements de West African Resources Ltd.
18/08/2016Issue of securities
18/08/2016ISSUE OF SECURITIES WITHOUT A DISCLOSURE DOCUMENT
25/03/2011$7 Million Capital RaisingUser-Agent: ExpressionEngine 1.6.9
Nominations de West African Resources Ltd.
28/02/2014Appointment of Colin Jones as Non-Executive Director
Rapports Financiers de West African Resources Ltd.
31/10/2016Quarterly Activities and Cashflow Report
29/07/2016June 2016 Quarterly Activities Report
02/05/2016March 2016 Quarterly Activities Report
14/02/2016December 2015 Quarter Interim Financial Report
Projets de West African Resources Ltd.
14/09/2016hits 10m at 18.33g/t Au including 1m at 165.14g/t at M1 Sout...
01/08/2016(Tanlouka)Upgrades Mineral Resources as at Tanlouka
01/02/2016West African hits 19m at 1.9g/t Au from 40m, including 3m at...
15/10/2015West African commences drilling at M3 gold discovery
16/08/2015New gold zone returns up to 13g/t Au in auger drilling
18/06/2015Outstanding results at Mankarga 1 prospect – Up to 4g/t Au i...
19/02/2014Acquires Heap Leach Plant Targeting Gold Production 2015
20/01/2014Completes Acquisition of Channel Resources
13/12/2013Channel Receives Final Court Approval for Arrangement With W...
26/09/2013Channel Resources and West African Resources
18/05/2011Further high-grade results at MokteduUser-Agent: ExpressionE...
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Communiqués de Presse de West African Resources Ltd.
31/07/2017June 2017 Quarterly Activities and Cashflow Report
25/08/2016West African Resources Repays US$5m Loan Facility
01/08/2016West African Upgrades Mineral Resources as at Tanlouka
27/07/2016West African hits 41m at 2.2 g/t Au including 8m at 5.7 g/t ...
20/07/2016Clarus Securities initiates coverage on West African Resourc...
17/07/2016West African hits 1107g/t Au at M1 South
16/06/2016West African hits visible gold at 175m, confirms depth poten...
13/05/2016March 2016 Quarter Interim Financial Report
13/05/2016March 2016 Quarter Management Discussion & Analysis
11/05/2016West African hits 14m at 8.7g/t Au from 75m including 1m at ...
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26/04/2016Notice of General Meeting/Proxy Form
26/04/2016Section 708 Notice
20/04/2016West African hits 9m at 9.7g/t Au from 112m, including 1m at...
13/04/2016Trading Halt
05/04/2016West African hits 96.3g/t Au at M1 North
23/12/2015Becoming a substantial holder for WAF
21/12/2015Preliminary metallurgical recoveries average 97.5% at M1 and...
14/12/201515m at 1.2g/t Au including 7m at 2.2g/t Au from 4m at M3
30/09/2015Management Discussion & Analysis
30/09/2015Annual Report
18/09/2015Company Update
01/09/2015Final Director’s Interest Notice x 2
31/07/2015June Quarterly Activities Report
17/06/2015West African extends M5 by 1.5km, up to 0.63g/t Au in Auger
06/10/2014West African Resources Limited 72m at 2.2 g/t Au Including 7...
19/08/2014West African Resources Limited 15m at 5.9 g/t Au including 5...
12/08/2014West African Resources Limited Finds Extension of Mankarga 5...
06/08/2014West African Resources Limited West African Oxide Drilling 2...
06/12/2013Acquisition by West African Resources Approved
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29/07/2011June 2011 Quarterly ReportUser-Agent: ExpressionEngine 1.6.9
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31/01/2011December 2010 Quarterly ReportUser-Agent: ExpressionEngine 1...
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