Unhedged gold mining company West African Resources has reported high grade gold mineralisation from recent underground diamond drilling within the northern shoot at the M1 South (M1S) from our Sanbrado Gold Operations, Burkina Faso.
Highlights
- Recent diamond drilling at the M1S northern shoot intercepts high grade mineralisation outside of Ore Reserve
- Significant results from diamond drilling at the M1S northern shoot include:
- 9.5m at 81.9 g/t Au
- 8.5m at 41.4 g/t Au
- 2m at 133.1 g/t Au
- 4.5m at 54.8 g/t Au
- 5m at 45.2 g/t Au
- Confirms high potential for an additional mining area at M1S underground, with potential to fast-track into 2024 mine plan
- Significant opportunity for resource extension below the 1780mRL (520mbsl)
West African Executive Chairman Richard Hyde commented:
“Diamond drilling at the M1 South northern shoot has returned outstanding results including 9.5m at 81.9 g/t gold from 62m. WAF will aim to fast-track the area into production during 2024.
Significant opportunity also exists to extend mineralisation below the 1780mRL (520m below surface). An additional drill drive will provide a position to test the down dip extension of the northern shoot mineralisation in early 2025. WAF is on track to produce 4 million ounces over the next decade, with production set to peak in 2029 at 473,000 ounces of gold. Our unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold.”
