Sanbrado Gold Project

Formerly known as Tanlouka Gold Project

West African Resources (ASX/TSX-V: WAF) is developing the Sanbrado Gold Project (formerly the Tanlouka Gold Project), a high-grade gold discovery in Burkina Faso, West Africa.

Results from the M1 South deposit include:

  • 21m at 53.1g/t Au from 408.5m incl. 0.5m at 1,613g/t Au
  • 29.5m at 20.7g/t Au from 349.5m incl. 1.5m at 250.3g/t Au
  • 14.5m at 38.3g/t Au from 459m incl. 4.5m at 104.2g/t Au
  • 8.5m at 38.0g/t Au from 296.5m incl. 1m at 260.9g/t Au
  • 12m at 27.45g/t Au from 540m incl. 0.5m at 340g/t Au
  • 11m at 20.4g/t Au from 286m, incl. 2m at 101.7g/t Au
  • 13.5m at 18.21g/t Au from 575m incl. 1m at 131.9g/t Au.

Results from M5 deposit include:

  • 8m at 17.5g/t Au from 452m, incl. 1m at 116g/t Au
  • 29m at 4.96g/t Au from 128m, incl. 9m at 10.6g/t Au
  • 15m at 5.03g/t Au from 256m, incl. 2m at 27.3g/t Au.

A Mineral Resource Estimate (MRE) for the M1 South and M5 deposits released in October 2017 confirmed:

  • A 150% increase of Indicated Resource ounces and 100% increase in Indicated Resource grade at M1 South deposit; and
  • A 40% increase in Indicated Resources, 7% increase in grade at the M5 deposit.

West African is continuing to drill at Sanbrado and expects to update the resource estimate in Q1 CY18 ahead of an updated Feasibility Study in mid-2018.

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Corporate Overview

West African Resources Limited is a Perth-based gold company, dedicated to creating shareholder value through the acquisition and development of gold projects in Burkina Faso, West Africa. A Definitive Feasibility Study for the Sanbrado Gold Project has confirmed it as a robust project with strong early cashflow, rapid payback of capital and expected production of 150,000oz gold per year. WAF will focus on targeted drilling at Sanbrado for the remainder of 2017 aimed at maximising the project NPV, with an updated resource estimate due Q3 2017.

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Feasibility Study

West African Resources hosted a conference call to discuss its Feasibility Study, released to the market on Monday 20 February 2017.

To access a recording of the call, click the link below.

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