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West African Resources Ord Shs WFRSF

West African Resources Limited is an Australia-based gold mining company. The Company is engaged in mining, mineral processing, exploration, project development, community and social sustainability, and rehabilitation within the West African country of Burkina Faso. It operates through two segments Mining Operations, which comprises of the Sanbrado Gold Project operations located in Burkina Faso, and Construction and Exploration & Evaluation (E&E) segment comprises mines under construction and exploration and evaluation projects in locations other than Sanbrado. Its Sanbrado Gold Project is located approximately 90 kilometers (kms) east-southeast of Ouagadougou, the capital of Burkina Faso. Its Kiaka Gold Project is approximately 45 km south of Sanbrado Gold Mine in Burkina Faso. Its Toega Gold Project is located 14 km southwest of the Company’s Sanbrado gold operation. Its tenement portfolio comprises over 1,385 km2 over the Markoye fault region in central and southern Burkina Faso.


OTCPK:WFRSF - Post by User

Post by dpatcoonon Jul 17, 2016 8:26pm
63 Views
Post# 25060427

July 16, '16 5:50pm

July 16, '16 5:50pm

Highlights

  • 18m at 82.3g/t Au from 98m including 1m at 1107g/t Au in TAN16-DD044 at M1 South
  • 3m at 145.99g/t Au from 125m in TAN16-DD044 at M1 South
  • 4m at 43.16g/t Au from 174m including 1m at 169.7g/t Au in TAN16-DD045 at M1 South
  • Mineral resource studies in progress for M1, M3 and M5 incorporating new results due Q3 2016
  • Feasibility study underway – funded by $12.5m oversubscribed institutional capital raising

Managing Director Richard Hyde commented:

“Ultra high-grade gold has been intercepted in diamond core drilling at M1 South with TAN16-DD044 returning 1m at 1107g/t within 18m grading 82.3g/t Au from 98m down hole.

“Strong results were also returned from the deepest intercept to date with TAN16-DD045 returning 4m at 43.16g/t Au from 174m including 1m at 169.7g/t Au, confirming depth potential of the prospect."

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