Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report extensive visible gold has been intercepted in the deepest hole drilled to date at the Sanbrado Gold Project, Burkina Faso.
Highlights
- High grade intercept of 25m at 15.03 g/t Au from 862m including;
- 5.5m at 40.42 g/t Au from 863.5m
- 1.5m at 26.02 g/t Au from 879m
- 0.5m at 71.80 g/t Au from 886m
- New intercept located 220m vertical beneath existing Probable Ore Reserves
- Adds potential to extend the M1 South underground mine life to 7.5 years
- Drilling ongoing with two rigs on site infilling and extending high-grade gold mineralisation
Managing Director Richard Hyde commented:
�The 1km step-out hole beneath M1 South Mineral Reserves has intercepted 25m grading 15.03 g/t gold including 5.5m at 40.42 g/t gold. Success in our deepest hole to date demonstrates potential to extend the M1 South underground mine life and increase annual production in years 4 to 8.
�The Company remains on track to finalise a debt funding package for the development of Sanbrado by the end of Q4 2018, and will complete an optimised feasibility study incorporating resource and reserve updates and increased plant throughput, which will deliver higher annual gold production, by the end of Q1 2019.�
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