- West African Resources (WAF) has unearthed “extensive visible gold” beneath reserves at the M1 South deposit within its Burkinabe Sanbrado Gold Project
- Deep diamond drilling intercepted gold mineralisation more than 900 metres below surface and 400 metres below the existing ore reserve
- In addition to the visible gold, the company also reported high-grade intercepts including 6 metres at 20.5 grams per tonne of gold
- The drilling program is ongoing with results to date boding well for a potential extension to the M1 South underground mine life
- Updates to the Sanbrado production profile are scheduled for release early next year
- Shares last traded at 92.5 cents
West African Resources (WAF) has unearthed “extensive visible gold” beneath reserves at the M1 South deposit within its Burkinabe Sanbrado Gold Project.
Deep diamond drilling intercepted gold mineralisation more than 900 metres below surface and 400 metres below the existing ore reserve.
In addition to the visible gold, the company also reported high-grade intercepts including six metres at 20.5 grams per tonne of gold from 1211.5 metres downhole.
Another 6.5-metre intercept from 1230 metres downhole graded at 16.1 grams per tonne of gold.
Chairman Richard Hyde said the assay results add weight to those from previous drilling at the deposit earlier this year.
“The new results are along strike from TAN20-DD235 which returned seven metres at 20 grams per tonne of gold in the third quarter of this year. High-grade mineralisation is open along strike to the southeast, northwest and remains open at depth,” he said.
The drilling program is ongoing and the results bode well for a potential extension to the M1 South underground mine life.
“Two drill holes are in progress at 330 metres and 980 metres respectively and need to be completed and assayed before resources can be updated for M1 South,” said the Chairman.
“Reporting of resources, reserves and the life of mine production profile for Sanbrado originally scheduled for release in the fourth quarter of 2020, will now be released in the first quarter of 2021 to allow the current drilling program to be completed and any further results to be included,” he continued.
Shares last traded at 92.5 cents.