New gold zone returns up to 13g/t Au in auger drilling

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Algemeen advies 17/08/2015 07:23
Perth, Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce high-grade results from auger drilling from a new zone at its Tanlouka Gold Project, Burkina Faso.

Highlights

New gold zone (named M3) discovered 2km from proposed low-cost oxide starter project
High grade auger results up to 13g/t Au
Follow up RC drilling imminent

Managing Director Richard Hyde commented:

“Auger drilling has discovered a new zone less than 2km northwest from the proposed oxide starter pit. High-grade auger results up to 13g/t Au were returned, within an anomalous trend over 1.3km. The new zone, named M3, trends parallel to the M1 prospect. Follow-up RC drilling is planned to commence shortly.

“Infill auger drilling at the M2 prospect has also returned high-grade auger results up to 5g/t Au within a 1km east-west trend. Follow-up RC drilling is underway.

“Both of these areas are located close to the proposed starter pit, therefore any significant results from follow-up drilling has the potential to upgrade the economics of the oxide heap leach starter project.”

Auger drilling at the Tanlouka Gold Project has delivered high-grade results 2km northwest of the M5 Mineral Resource and proposed oxide starter pit (Figure 1). Significant high-grade auger assays, with a peak result of 12,772 ppb Au (12.77g/t Au), were returned from a new zone 500m west of and parallel to the M1 prospect. Results occur over a 1.3km mineralised trend. Follow-up RC drilling is imminent.

Infill auger drilling was also completed over the historic M2 prospect. M2 is located 800m west of the southern end of the proposed starter pit. Recent mapping by WAF geologists indicate that mineralisation occurs over a 1km east-west arcuate zone within weathered diorite, coincident with historic artisanal workings. A peak of 5,280ppb Au (5.28g/t Au) was returned. Follow-up RC drilling is in progress.

Finally, auger drilling on the M1 trend was extended to the south to cover potential north-northwest structures intersecting the north-northeast M5 trend in the southern pit area (Figure 1). A peak result of 1,681ppb Au (1.68g/t Au) was returned adjacent to the proposed pit, along with a number of +50ppb samples.

The heavy rains have been hampering our current drilling programs on the project, however the Company intends to complete first-pass drilling over the new areas before halting work. Follow-up drilling around the M1-M5 intersection is planned for October, following the wet season. Significant results from the auger drilling programs are presented below in Table 1 and shown in Figure 1.
see on
http://www.fscwire.com/newsrelease/new-gold-zone-returns-13gt-au-auger-drilling




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