- West African Resources (WAF) has intersected high-grade gold beneath reserves at the M1 South deposit within the Sanbrado Gold Project in Burkina Faso
- The diamond drilling program is focused on infilling and extending high-grade gold mineralisation within the deposit
- Drilling has extended the depth of known mineralisation to 950 metres below surface
- This drilling program has also returned grades of up to 52.2 grams per tonne of gold
- Drilling is ongoing and results from this program will be included in an upcoming resource and reserve update and life of mine plan
- Company shares are up 5.42 per cent and are trading for $1.07
West African Resources (WAF) has intersected high-grade gold beneath reserves at the M1 South deposit within the Sanbrado Gold Project in Burkina Faso.
The ongoing deep diamond drilling program is focused on infilling and extending high-grade gold mineralisation within the deposit.
Pleasingly, drilling has intersected broad high-grade gold and has extended the depth of known mineralisation to 950 metres below surface which is more than 400 metres below the current underground ore reserve.
Best results include 15.5 metres at 20.5g/t gold from 852 metres including five metres at 52.2g/t gold and four metres at 10.4g/t gold, 32 metres at 4.9g/t gold from 854.5 metres including 4.5 metres at 18.7g/t gold and seven metres at 7.8g/t gold from 1238 metres including one metre at 29.9g/t gold.
“The results confirm the predictable geometry of high-grade zone at M1 South. The current drilling program has been designed to extend high-grade mineralisation to support an underground mine life out to 2030,” Executive Chairman Richard Hyde said.
This drilling marks the first at M1 South since 2018 when the final hole returned 25 metres at 15.03g/t gold from 862 metres including 5.5 metres at 40.4g/t gold.
Two deep holes are currently being drilled and expected to reach their target zones over the next two weeks. Latest and upcoming results will be included in an updated resource, reserve and life of mine plan which is planned to be released in the next quarter.
Company shares are up 5.42 per cent and are trading for $1.07 at 12:27 pm AEST.