USD $4,127.96
Goldman Kiaka South Yields Promising Results Including 22m at 7.6 g/t Gold
West African Resources Limited (ASX:WAF) has released encouraging results from its maiden grade control drilling at the Kiaka South pit, part of the Kiaka Gold Project in Burkina Faso.
Highlights:
- Kiaka South is set to deliver higher-grade mill feed within the first 18 months of production.
- The Kiaka South pit is situated 700m from the Kiaka Main pit.
- Significant high-grade intercepts near the surface include:
- 22m at 7.6 g/t gold
- 26m at 5.8 g/t gold
- 26m at 5.6 g/t gold
- 28m at 4.8 g/t gold
- 11m at 11.6 g/t gold
- 9m at 13.8 g/t gold
West African Executive Chairman Richard Hyde commented:
Near-surface high-grade results have been returned from grade control drilling at Kiaka South including 22m at 7.6 g/t gold and 26m at 5.8 g/t gold. Kiaka South is located 700m southwest of the main open pit area and will provide higher grade ore over the first 18 months of the Kiaka mine schedule.
Results returned within the central portion at Kiaka South have been better than expected, with higher grades intercepted closer to the surface when compared to the current resource model. WAF’s technical team will optimise the shape of the Kiaka South open pit, aiming to increase grade and reduce the strip ratio of the open pit before mining commences in Q1 2025.
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.
