AMN - BURKINA FASO: Tanlouka permit and feasibility update

Gold developer West African Resources has released a permitting and feasibility update for its 100%-owned Tanlouka gold project in Burkina Faso.

Highlights

-          Favourable opinion by National Commission of Mines for Mining Licence application

-          Metallurgical test work drilling program nearing completion

-          Feasibility study started and funded by $12.5m oversubscribed institutional capital raising

West African Resources managing director Richard Hyde says: “The company has presented the project to the National Commission of Mines and received favourable opinion for the mining licence application.”

"Metallurgical test work drilling is complete.

“Resource drilling is currently focussing on open-pitable mineralisation at M1 South and North ahead of a maiden resource at M1.”

Exploration drilling will resume following the impending wet season. Targets include:

• The M1 mineralised corridor southeast, towards the intersection of the M5 mineralisation

• The M1 mineralised corridor to the northeast

• Follow-up oxide results at depth at the M3 prospect, where best drilling to date returned 32 metres at 5.02 grams/tonne gold.

While drilling will continue during 2016 the company will cut-off data to input for the next Mineral Resource estimation studies.

The process of selecting the location of key infrastructure for the mine site has started. The preliminary locations for the CIL plant, the crusher and stockpiles, the tailings storage facility, waste storage facilities and the water abstraction and storage system have been outlined and initial site selection has been carried out on the ground.

www.westafricanresourcescom