AMN - BURKINA FASO: High grade RC results for Tanlouka M1

Gold developer West African Resources reports further high-grade RC results from the M1 prospect, at its 100%-owned Tanlouka gold project in Burkina Faso.

Highlights:

• 18 metres at 82.3 grams/tonne gold from 98 metres including 1 metre at 1,107 grams/tonne gold in TAN16-DD044 at M1 South

• 3 metres at 145.99 grams/tonne gold from 125 metres in TAN16-DD044 at M1 South

• 4 metres at 43.16 grams/tonne gold from 174 metres including 1 metre at 169.7 grams/tonne gold in TAN16-DD045 at M1 South

• Mineral resource studies in progress for M1, M3 and M5 incorporating new results due Q3 2016

• Feasibility study under way – funded by A$12.5 million oversubscribed institutional capital raising.

West African Resources managing director Richard Hyde says: “Ultra high-grade gold has been intercepted in diamond core drilling at M1 South with TAN16-DD044 returning 1 metre at 1107 grams/tonne gold within 18 metres grading 82.3 grams/tonne gold from 98 metres down hole.

“Strong results were also returned from the deepest intercept to date with TAN16-DD045 returning 4 metres at 43.16 grams/tonne gold from 174 metres including 1 metre at 169.7 grams/tonne gold, confirming depth potential of the prospect.”

Diamond drilling at M1 South has continued to deliver high grade results at M1 South. TAN16-DD044 has returned the best intercept on the project to date returning 18 metres at 82.28 grams/tonne gold from 98 metres including 1 metre at 1107.5 grams/tonne gold. A further high grade zone was intercepted at 125 metres down hole returning 3 metres at 145.99 grams/tonne gold.

TAN16-DD045 was drilled towards 20 degrees through high grade mineralisation at the southernmost high-grade shoot, where late faulting has rotated mineralisation from northwest trending to almost east-most trending. Structures measured in TAN16-DD045 support the current interpretation of steep circa 70 degrees plunge of high grade shoots.

Importantly, gold mineralisation is associated with the main deformation event (D2) which is seen elsewhere on the project (M5).

Recent diamond and RC drilling at M1 South has delivered extremely high grade gold mineralisation over 350 metres at the southern end of the M1 trend. Recent high grade results from M1 North have reinforced the potential of the broader project. In April the company announced a heavily oversubscribed A$12.5 million capital raising to fund drilling programs and a CIL feasibility study for the Tanlouka project.

The company expects to report a resource update for the project during the third quarter of this year, which incorporates a maiden resource for M1 and M3, and a resource update for M5. This work will focus on open-pittable mineralisation. Drilling will continue throughout the year with a further resource update to be completed towards the end of the year. It is expected that this update will include deeper drilling targeting the underground potential of M1 prospect and the south-western portion of the M5 deposit.

The feasibility study is investigating the combination of high grade gold mineralisation from M1 with the predominantly oxide mineralisation from M5. This study is leveraging off the work completed during 2014-15 for the heap leach project.

www.westafricanresources.com

News courtesy of International Mining