West African Resources Limited (ASX, TSXV: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 30 September 2016.

Highlights

Tanlouka Gold Project
Further spectacular results including

•  TAN16-DD052: 4m at 32.04 g/t Au from 122m Au and 10m at 18.33g/t Au from 172m
• TAN16-DD055: 9m at 11.17 g/t Au, from 197m and 16m at 69.11 g/t Au from 209m

Maiden Mineral Resource for M1 & M3 deposits, updated estimate for M5 deposit

• 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 gold1
• M1 South structure averages 1,600 ounces per vertical metre 30m to 130m below surface and remains open along strike and down plunge
• Resource update in Q4 following a 10,000m Diamond drilling campaign to test mineralisation down to 300 vertical metres.

Permitting & Feasibility Study

• Resettlement Action Plan (RAP) and the Environmental and Social Impact Assessment (ESIA) approved by Burkina Faso�s Ministry of Environment, Green Economy and Climate Change. Final step before approval of Mining Permit, expected by end of 2016.
• Feasibility Study on track for completion in Q4 2016, with results to be reported in January 2017.

Corporate

• $21 million placement completed
• US$5 million debt facility repaid

September 2016 Quarter Summary

• 7,150 m drilled
• $2.39m Exploration and Development Expenditure
• $0.5m Administration Costs
• $21.2m cash in bank at 30 September 2016

December 2016 Quarter Plans

• Further drilling at M1, M3 and M5 prospects
• Upgraded Mineral Resource estimates for M1, M3 and M5
• Feasibility study in progress on track for completion in Q4 2016
• Mining Permit expected Q4 2016

Click here to view the full report

Click here to view Appendix 5B

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