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West African Resources (ASX:WAF) - Executive Chairman and CEO, Richard Hyde
Executive Chairman and CEO, Richard Hyde
Source: The Market Herald
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  • West African Resources (WAF) announces high-grade gold results from the Sanbrado Gold Project in Burkina Faso
  • Diamond drilling has targeted the northern shoot of the M1 South deposit which shows discrete zones of high-grade gold mineralisation
  • Results include grades of up to 18.4 grams per tonne of gold (g/t) over three metres and 82.7g/t gold over two metres
  • WAF says these results have the potential to extend the underground mine life at M1 South and will be tested with follow up drilling later this year
  • Company shares are up 0.97 per cent to trade at $1.04 at 12:40 pm AEST

West African Resources (WAF) has received drill results from the Sanbrado Gold Project in Burkina Faso.

The company is conducting underground diamond drilling at the M1 South deposit which returned high grades.

Latest intercepts come from the northern shoot and include one metre at 8.5 grams of gold per tonne (g/t) from 126 metres and 10.5 metres at 6.6g/t gold from 224.5 metres.

One hole in particular returned exceptionally high grades. These include three metres at 12.2g/t gold from 226 metres, three metres at 18.4g/t gold from 246 metres and two metres at 82.7g/t gold from 282 metres.

These build on historical drilling results from beneath the northern part of the M1 South open pit which included four metres at 29.9g/t gold from 122 metres, four metres at 38.9g/t gold from 172 metres and 0.5 metres at 34.1g/t gold from 316 metres.

Executive Chairman Richard Hyde commented on the drilling results.

“High-grade gold mineralisation has been intercepted to the north of the main shoot, outside the current mine plan at M1 South,” he said. “These results have the potential to extend the underground mine life at M1 South and will be tested with follow-up drilling later this year.”

The gold producer will follow up on these results with infill drilling in the December quarter as well as in the second quarter of 2022 once an additional underground development has been completed.

Company shares are up 0.97 per cent to trade at $1.04 at 12:40 pm AEST.

WAF by the numbers
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