Burkina Faso – The mining permit for the development of the newly renamed Sanbrado gold project, is the last step in the permitting process required by the company and receipt of the mining permit enables development of the Sanbrado project to proceed on schedule.
Formerly known as the Tanlouka project, the company renamed the project to Sanbrado to better reflect the local community.
The mining permit approval will also enable West African Resources to complete the feasibility study, and commence development of the Sanbrado project – expected to enter construction in late 2017 following completion of project financing
The Sanbrado definitive feasibility study is nearing completion and will be reported along with a NI 43-101 technical report later on in the first quarter of 2017.
“We are delighted to announce the company has now completed the permitting process, and can focus on completing the feasibility study, and commencing development of the Sanbrado gold project,” says West African Resources MD Richard Hyde.
In August 2016, the company upgraded its mineral resources for the project and also released a maiden mineral resource estimate for the M1 and M3 prospects at the project.
As a result, the project’s mineral resource is now estimated at 9.8 Mt grading at 2.1 g/t of gold for 670 000 oz of gold in the indicated category and a further 10.7 Mt grading at 2.0 g/t of gold for 695 000 oz of gold in the inferred category – a 34% increase in indicated mineral resources.