EXCEPTIONAL GRADE CONFIRMED AT SANBRADO

West African Resources Announces High-Grade Gold Intercepts at M1 South

West African Resources Limited (ASX:WAF) has announced significant high-grade gold mineralisation from its recent infill underground diamond drilling at the M1 South main lode, part of the Sanbrado Gold Operations in Burkina Faso. This drilling is integral to the company’s long-term development strategy.

The latest drilling results at M1S have provided:


  • 24 meters at 55.79 grams per tonne (g/t) gold
  • 28.5 meters at 37.03 g/t gold
  • 28 meters at 28.52 g/t gold
  • 22.5 meters at 32.98 g/t gold
  • 25 meters at 29.44 g/t gold

These results not only underline the high-grade nature of the M1S zone but are also pivotal for the ongoing resource development and mining operations planning. The completion of the exploration drive at M1S is imminent, with subsequent resource definition drilling set for Q2 CY24. Additionally, an infill drilling program at the northern shoot of M1S will begin soon, aimed at further ore development, highlighted by a recent intercept of 9.5m at 81.91 g/t gold.

The company also commenced a 130,000-meter surface grade control program at Kiaka targeting the top 20 meters of the resource, with initial results expected in the second quarter of this year. The development of the M5 South exploration drive is scheduled to start in Q2, with drilling planned for the first quarter of CY25.

Executive Chairman’s Commentary West African’s Executive Chairman, Richard Hyde, provided insights into the strategic implications of these findings:

Recent stope definition drilling at the M1 South main zone has intercepted high grade mineralisation 24m at 55.79 g/t gold and 28.5m at 37.03 g/t gold.

Infill drilling has confirmed the grade and tenor of high grade areas of the M1S resource and strengthens confidence in 2024 production and our 10-year production plan.

WAF is on track to produce 4 million ounces over the next decade, with annual production set to peak in 2029 at 473,000 ounces of gold. Our unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold.

Read the full announcement

Goldman

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