Burkina Faso – ASX-listed gold developer West African Resources has discovered shallow high-grade gold oxide mineralisation from first-pass RC drilling at its M3 prospect at the Tanlouka gold project in Burkina Fasowhich hosts the compnay's Mankarga 5 mineral resource.

Highlights:

  • RC drilling at M3 prospect discovers shallow high-grade oxide mineralisation
  • Potential to add ounces and increase grade for heap leach starter project
  • Follow-up RC and diamond drilling planned to commence in late October following wet-season

“A first pass result of 32m at 5.02g/t of gold in oxide near surface highlights the upside potential of the Tanlouka gold project. To date the company has done very little work outside the M5 resource area and the new gold discovery at M3 will boost the already robust economics of the heap leach starter project,” West African Resources MD Richard Hyde commented.

West African Resources holds a 90% interest in the Tanlouka permit, which hosts the company's Mankarga 5 mineral resource
West African Resources holds a 90% interest in the Tanlouka permit, which hosts the company's Mankarga 5 mineral resource

The new gold discovery at M3 is located less than 2km from the proposed starter pit.

“Completion of the feasibility study will be extended to the fourth quarter of 2015 to allow new oxide mineralisation from M1 and M3 zones to be incorporated into the resource inventory and mine plan. Follow-up drilling will commence in October after the current wet season,” Hyde said.

RC drilling at the M3 prospect has discovered high-grade shallow oxide gold mineralisation in first-pass wide spaced RC drilling. Discovery holes TAC0995 and TAC0996 were drilled directly beneath a 13g/t gold auger result returned in recent infill auger drilling.

TAC0995 returned 6m at 1.88g/t of gold from 40 m ending in mineralisation while TAC0996 returned 32m at 5.02g/t of gold including 13 m at 7.14g/t og gold from 2 m.

Gold mineralization is associated with an array of quartz veinlets along a sheared contact between the metasediments and diorite and is open along strike and at depth. It is expected that oxide mineralisation from M3 will exhibit similar metallurgical characteristics to M5 oxides, and will be amenable to heap leach processing.

None of the recently discovered gold mineralisation at the M3 prospect is currently included the project resource inventory but the M3 mineralisation will be followed-up with closer spaced drilling in late October 2015, modelled and incorporated in a resource update later this year, as any additional higher grade oxide tons will have a positive impact on the project economics.

Follow-up RC drilling is planned to commence in October after the current rainy season. This drilling will test mineralisation with RC hammer and diamond core drilling.

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