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West African Resources Limited Quarterly Activities Report

WFRSF

West African Resources Limited Quarterly Activities Report



Perth, (FSCwire) - West African Resources Limited (ASX:WAF)(TSXV:WAF) is pleased to report activities on its 100%-owned and 100%-earning gold and copper-cold projects in Burkina Faso, West Africa, for the quarter ending 31 March 2014.

An updated independent resource estimate for the Mankarga 5 deposit at the Tanlouka Permit, part of the Boulsa Gold Project, was completed and reported on 14 April 2014, increasing the Inferred Resources by 74% and the Indicated Resources by 12% (using a 0.5g/t gold cut-off). This followed West African entering an agreement to acquire the remaining 10% of the Tanlouka Permit in March. The Company now has the right to earn 100% of the project following completion of a positive feasibility study.

West African purchased a used 1.6 Mtpa heap leach plant for the Boulsa Project in February and is targeting gold production from the Mankarga 5 deposit within two years. A scoping study to determine the economic potential of a low cost heap leach starter project will be completed by the end of June 2014.

A breakdown of drilling for the March Quarter includes:

- Diamond: 10 holes for 1,828.2 m

- Auger: 281 holes for 1,550 m

- AC: 72 holes for 1,925 m

Exploration Highlights

- Completed aircore program at Mankarga 5 (4,600m)

- Ongoing diamond program at Mankarga 5 (1,200m+)

- Auger drilling encompassing Tanlouka tenement commenced (Mankarga 1-4, Manesse, Tanwaka targets)

- Aircore program commenced at Goudré

March 2014 Quarter Summary:

- 5,303m drilled

- $930k Exploration Expenditure

- $352k Administration Costs

- $1.2m cash at 31 March 2014 ($4m after April placement)

- Fully funded exploration programs into 2014

To view the complete quarterly activities report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-WAF-676360.pdf



About West African Resources Limited

Dual listed (TSX-V and ASX) West African Resources Limited is a gold-copper exploration company dedicated to creating shareholder value through the acquisition, exploration and development of resource projects in Burkina Faso, West Africa.

West African has a landholding of 6,370sq km and 200km of strike length of early Proterozoic Birimian greenstone belts, which are highly prospective for gold mineralisation.

 

Contact:

West African Resources Limited

Nathan Ryan, Investor Relations

T: +61-420-582-887

E: info@westafricanresources.com

WWW: www.westafricanresources.com

 

 

Link: Quarterly Activities Report

 





Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com

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