Join our daily newsletter At The Bell to receive exclusive market insights
West African Resources (ASX:WAF) has hit gold in its latest drill run at Kiaka, this time a maiden grade control program.
The company headlined with a 30m intersection @ 4.1g/t gold on-site the project in Burkina Faso.
Other hits, all of which ended in downhole mineralisation, include:
- 29m @ 2.6g/t gold
- 31m @ 2.0g/t gold
- 32 m @ 1.9g/t gold
- 30m @ 1.9g/t gold
- 28m @ 2.0g/t gold
Depths were not immediately advertised but the company said results confirm mineralisation between 130 and 185m depth; this is supportive of the company’s open-pit plan.
Management made the perhaps odd claim that this was “near surface,” but all in all: WAF sees first mining to commence in Q1 of 2025.
“Maiden RC grade control drilling at Kiaka has returned thick zones of near-surface gold mineralisation including 30m at 4.1g/t gold and 29m at 2.6g/t gold. Results confirm WAF’s geological model with gold mineralisation 130m to 185m wide near surface,? WAF EC Richard Hyde said.
WAF last traded at $1.43.
