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AMN - BURKINA FASO: Sanbrado drilling to boost resources

West African Resources has received further high-grade drilling results from its Sanbrado Gold Project in Burkina Faso. The diamond drilling has extended high-grade mineralisation at M5 prospect and is expected to result in an increase in resources.

Significant results are: 8 metres from 452 metres @ 17.5 g/t gold, including 1 metre @ 116 g/t and 1 metre @ 17.4 g/t; and 7 metres from 273 metres @ 1.91 g/t, and 6 metres from 323 metres @ 2.17 g/t.

West African's managing director Richard Hyde said, “Diamond drilling at M5 has extended high-grade mineralisation a further 70 metres down dip. Mineralisation is open at depth and along strike.

“At M1 visible gold has also been intercepted in deep drilling in one hole at 585 metres downhole, indicating the high-grade M1 South system remains fertile and open at depth."

Three drill rigs are currently on-site double shifting, infilling and extending mineralisation while a ground geophysical survey has been completed with results pending.

West African remains on track to deliver a resource update in the current quarter and an updated definitive feasibility study (DFS) in mid-2018.

Given the elevated grades exhibited in 2017 drilling, it is expected that updated resources will have a positive impact on M5 open pit reserves and will result in extending the open pit depth in the southern portion of the M5 deposit, which will be included in the updated DFS.

West African is well-funded to complete its proposed work programs, with $28.5 million in cash.

A new drilling program has commenced at M1 South aiming to take mineralisation to more than 500 vertical metres below surface, on the southern shoot at M1 South.