News Press Releases

West African hits 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au at M1 South

WFRSF | February 5, 2018

Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

Highlights

High-grade results from depth at M1 South include;
- TAN17-DD174A 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au
- TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au
- TAN17-DD179 13m at 5.26 g/t Au from 425.5m
- TAN17-DD179 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au
- TAN17-DD179-WD1 8.5m at 7.4 g/t Au from 403.5m
- TAN17-DD179-WD1 6m at 25.95 g/t Au from 419.5m including 0.5m at 220 g/t Au
Current drilling targeting upgrade of Inferred resources at depth
Four drill rigs currently on-site double shifting, infilling and extending mineralisation
Funded to complete all work programs with approximately $21m cash at bank

Managing Director Richard Hyde commented:

“Diamond drilling intercepted a solid zone of high-grade mineralisation of 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au.

“Drilling also intercepted two high grade zones 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au.

“Both of these results will improve the grade and category of mineralisation at M1 South.

“The Company will release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018.”

M1 South Drilling Program

Drilling at M1 South is currently targeting infill of Inferred Resources 350-500m below surface on at least 25m x 25m pattern. The primary aim of this drilling program is to upgrade Inferred material to Indicated category which will be included in the underground mine schedule to be incorporated in the Feasibility Study due for completion in mid-2018. This drilling program is providing essential structural information and needs to be completed before extensional drilling recommences at +500m below surface.

Recent drilling has demonstrated excellent continuity of high grade gold mineralisation in areas of previously sparsely drilled Inferred Resources. TAN17-DD174A intercepted 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au, while intercepted TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au. Given the grade and tenor of recent results, it is expected that Inferred Resources will be upgraded in terms of both category and grade.

Individual results through mineralisation in TAN17-DDDD174A is presented below in Tables 1. A summary long-section through the M1 South is presented as Figure 1, along with a location plan as Figure 2. Visible gold in TAN17-DD174A is also presented as Photos 1-3 below.

Table 1: TAN17-DD174A 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au
Hole ID	From	To	Au g/t
TAN17-DD174A	447.5	448	0.02
TAN17-DD174A	448	448.5	0.08
TAN17-DD174A	448.5	449	17.9
TAN17-DD174A	449	449.5	17.9
TAN17-DD174A	449.5	450	39.8
TAN17-DD174A	450	450.5	6.61
TAN17-DD174A	450.5	451	8.06
TAN17-DD174A	451	451.5	2.58
TAN17-DD174A	451.5	452	4.97
TAN17-DD174A	452	452.5	9.07
TAN17-DD174A	452.5	453	5.31
TAN17-DD174A	453	453.5	0.94
TAN17-DD174A	453.5	454	0.08
TAN17-DD174A	454	454.5	0.21
TAN17-DD174A	454.5	455	1.11
TAN17-DD174A	455	455.5	4.69
TAN17-DD174A	455.5	456	1.37
TAN17-DD174A	456	456.5	18.0
TAN17-DD174A	456.5	457	0.55
TAN17-DD174A	457	457.5	5.38
TAN17-DD174A	457.5	458	8.65
TAN17-DD174A	458	458.5	57.7
TAN17-DD174A	458.5	459	19.8
TAN17-DD174A	459	459.5	1.32
TAN17-DD174A	459.5	460	1.46
TAN17-DD174A	460	460.5	1.34
TAN17-DD174A	460.5	461	2.13
TAN17-DD174A	461	461.5	2.15
TAN17-DD174A	461.5	462	2.25
TAN17-DD174A	462	462.5	860
TAN17-DD174A	462.5	463	0.55
TAN17-DD174A	463	463.5	0.63
TAN17-DD174A	463.5	464	0.41
TAN17-DD174A	464	464.5	0.61