AMN - BURKINA FASO: Resource estimates for Tanlouka prospects

Gold developer West African Resources has released the results of maiden mineral resource estimates for M1 and M3 prospects, and an updated mineral resource estimate for the M5 deposit at its 100%-owned Tanlouka gold project in Burkina Faso.

Resource estimates for the project were completed by independent resource consultant International Resource Solutions Pty Ltd (IRS) and prepared in accordance with requirements of the 2012 JORC Code and disclosed in accordance with NI 43-101, under which the 2012 JORC Code is acceptable for mineral resource calculation and disclosure.

Highlights

-          Project mineral resources now 9.8 million tonnes at 2.1 grams/tonne gold and a further 10.7 million tonnes at 2.0 grams/tonne gold (Inferred)

-          34% increase in Indicated mineral resources for Tanlouka

-          Maiden M1 South Indicated mineral resource of 290,000 tonnes at 10.3 grams/tonne gold and Inferred mineral resource of 410,000 tonnes at 6.4 grams/tonne gold

-          M1 South structure averages 1,600 oz per vertical metre 30 metres to 130 metres below surface and remains open along strike and down plunge

-          The company will report a further resource update at M1 South in Q4 following a 10,000 metres diamond drilling campaign to test mineralisation down to 300 vertical metres.

Managing Director Richard Hyde says: “We are pleased to deliver a maiden resource for M1 South in such a short period of time. This discovery should significantly impact on the potential economics of the project. M1 South mineralisation is open down plunge and along strike. The bulk of the current M1 south resource sits between 30 and 130 metres below surface, where contained gold averages 1600 oz per vertical metre. To date M1 South has only been drilled to an average vertical depth of 120 metres.

“The company’s focus at Tanlouka has strongly shifted to M1 South since the discovery of high grade gold shoots in March 2016. We are stepping up the drilling campaign with additional diamond rigs focused on adding to the resource inventory and upgrading inferred resources. This is principally focused on M1 South but also the M5, M1 North and M3 deposits. We will provide a further resource update for the Tanlouka Gold Project in Q4. The company aims to have a completed feasibility study and granted mining permit for the project by the end of 2016."

www.westafricanresources.com

News courtesy of International Mining