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- West African Resources (WAF) intercepts 5.3 grams of gold per tonne in first-pass drilling at its MV3 prospect in Burkina Faso
- The company has drilled a total of 68 holes for 8329 metres at the prospect to date, with results now released for 35 reverse circulation (RC) holes
- WAF says the prospect represents an “outstanding” opportunity to add near-surface high-grade mill feed
- Extensional drilling to the north of MV3 has been ongoing to complete testing of the auger anomaly, with results anticipated to be received soon
- West African Resources last traded at $1.26 on May 30
West African Resources (WAF) has intercepted “extensive” zones of gold mineralisation at the MV3 prospect near its Sanbrado Gold Operations in Burkina Faso.
WAF has drilled a total of 68 holes for 8329 metres at the prospect to date, with results now released for 35 reverse circulation (RC) holes.
Results from the first pass drilling included 13 metres at 5.3 grams of gold per tonne (g/t gold) and two metres at 31.8 g/t gold.
West African Resources Executive Chairman Richard Hyde said gold mineralisation in RC drilling and historic workings could be traced over a strike length of 800 metres.
“The MV3 prospect represents an outstanding opportunity to add near-surface high-grade mill feed, located just six kilometres from Sanbrado,” Mr Hyde said.
“The feasibility study for WAF’s 6.8-million-ounce Kiaka Gold Project is on track for completion at the end of Q2 2022.”
He said the company was now entering a significant growth phase as it aimed to be a 400,000-ounce-per-year gold producer by 2025.
Extensional drilling to the north of the MV3 prospect has been ongoing to complete testing of the auger anomaly, with results anticipated to be received soon.
West African Resources last traded at $1.26 on May 30.
