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West African Announces Extension of Closing Date for C$17.25m Bought Deal Private Placement

July 19, 2017, 12:40 am
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Company:

Scheduled Release Time: 
Wednesday, July 19, 2017 - 3:49 AM EDT
ASCII Headline: 
West African Announces Extension of Closing Date for C$17.25m Bought Deal Private Placement
HTML News Sub Headline: 

Not For Distribution to U.S. Newswire Services or For Release, Publication, Distribution or Dissemination Directly, Or Indirectly, In Whole or In Part, In or Into the United States.

ASCII Sub Headline: 
Not For Distribution to U.S. Newswire Services or For Release, Publication, Distribution or Dissemination Directly, Or Indirectly, In Whole or In Part, In or Into the United States.
HTML Body: 

West African Resources Limited (ASX, TSX-V: WAF or the “Company” or “West African”) advises further to the press release issued 23 June, 2017, with respect to C$17.25m bought deal, that the Company and the syndicate of underwriters have agreed to extended the closing of the offering to allow satisfaction of certain conditions including receipt of certain customary closing documents. The Offering is now scheduled to close on July 24, 2017.

 

The gross proceeds received by the Company from the sale of the Shares are intended to be used to advance the Sanbrado Gold Project, Burkina Faso.  This includes on-going exploration drilling on the property, advancement of an updated resource study, revised feasibility study as well as for general corporate and working capital purposes.

 

ON BEHALF OF THE BOARD OF DIRECTORS,

 

Richard Hyde, Managing Director

 

West African Resources Limited.

 

Forward Looking Information

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. Specific forward-looking statements and forward-looking information includes statements regarding completing a bought deal private placement for gross proceeds of $17.25 million and that the Company intends to use the proceeds from the sale of the Shares to advance owned Sanbrado Gold Project.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements. The underwriters may also terminate their commitment in certain circumstances in accordance with the terms of an underwriting agreement.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African and risks associated with forward-looking information and forward-looking statements, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

ASCII Body: 
Scarborough , Australia (FSCwire) - West African Resources Limited (ASX, TSX-V: WAF or the Company or West African) advises further to the press release issued 23 June, 2017, with respect to C$17.25m bought deal, that the Company and the syndicate of underwriters have agreed to extended the closing of the offering to allow satisfaction of certain conditions including receipt of certain customary closing documents. The Offering is now scheduled to close on July 24, 2017. The gross proceeds received by the Company from the sale of the Shares are intended to be used to advance the Sanbrado Gold Project, Burkina Faso. This includes on-going exploration drilling on the property, advancement of an updated resource study, revised feasibility study as well as for general corporate and working capital purposes. ON BEHALF OF THE BOARD OF DIRECTORS, Richard Hyde, Managing Director West African Resources Limited. Forward Looking Information Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. Specific forward-looking statements and forward-looking information includes statements regarding completing a bought deal private placement for gross proceeds of $17.25 million and that the Company intends to use the proceeds from the sale of the Shares to advance owned Sanbrado Gold Project. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements. The underwriters may also terminate their commitment in certain circumstances in accordance with the terms of an underwriting agreement. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African and risks associated with forward-looking information and forward-looking statements, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR atwww.sedar.com (http://www.sedar.com/). This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 1933 Act) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
HTML Completed News Release : 

West African Announces Extension of Closing Date for C$17.25m Bought Deal Private Placement

Not For Distribution to U.S. Newswire Services or For Release, Publication, Distribution or Dissemination Directly, Or Indirectly, In Whole or In Part, In or Into the United States.



Scarborough , Australia (FSCwire) - West African Resources Limited (ASX, TSX-V: WAF or the “Company” or “West African”) advises further to the press release issued 23 June, 2017, with respect to C$17.25m bought deal, that the Company and the syndicate of underwriters have agreed to extended the closing of the offering to allow satisfaction of certain conditions including receipt of certain customary closing documents. The Offering is now scheduled to close on July 24, 2017.

 

The gross proceeds received by the Company from the sale of the Shares are intended to be used to advance the Sanbrado Gold Project, Burkina Faso.  This includes on-going exploration drilling on the property, advancement of an updated resource study, revised feasibility study as well as for general corporate and working capital purposes.

 

ON BEHALF OF THE BOARD OF DIRECTORS,

 

Richard Hyde, Managing Director

 

West African Resources Limited.

 

Forward Looking Information

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. Specific forward-looking statements and forward-looking information includes statements regarding completing a bought deal private placement for gross proceeds of $17.25 million and that the Company intends to use the proceeds from the sale of the Shares to advance owned Sanbrado Gold Project.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements. The underwriters may also terminate their commitment in certain circumstances in accordance with the terms of an underwriting agreement.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African and risks associated with forward-looking information and forward-looking statements, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/westafrican07192017.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

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Copyright © 2017 Filing Services Canada Inc.





ASCII Completed News Release: 
West African Announces Extension of Closing Date for C$17.25m Bought Deal Private Placement Not For Distribution to U.S. Newswire Services or For Release, Publication, Distribution or Dissemination Directly, Or Indirectly, In Whole or In Part, In or Into the United States. Scarborough , Australia (FSCwire) - West African Resources Limited (ASX, TSX-V: WAF or the Company or West African) advises further to the press release issued 23 June, 2017, with respect to C$17.25m bought deal, that the Company and the syndicate of underwriters have agreed to extended the closing of the offering to allow satisfaction of certain conditions including receipt of certain customary closing documents. The Offering is now scheduled to close on July 24, 2017. The gross proceeds received by the Company from the sale of the Shares are intended to be used to advance the Sanbrado Gold Project, Burkina Faso. This includes on-going exploration drilling on the property, advancement of an updated resource study, revised feasibility study as well as for general corporate and working capital purposes. ON BEHALF OF THE BOARD OF DIRECTORS, Richard Hyde, Managing Director West African Resources Limited. Forward Looking Information Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. Specific forward-looking statements and forward-looking information includes statements regarding completing a bought deal private placement for gross proceeds of $17.25 million and that the Company intends to use the proceeds from the sale of the Shares to advance owned Sanbrado Gold Project. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements. The underwriters may also terminate their commitment in certain circumstances in accordance with the terms of an underwriting agreement. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African and risks associated with forward-looking information and forward-looking statements, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR atwww.sedar.com (http://www.sedar.com/). This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 1933 Act) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. To view this press release as a PDF file, click onto the following link: http://ww4.fscwire.com/sites/default/files/news_release_pdf/westafrican07192017.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
Location: 
Scarborough , Australia
HTML News Headline: 
West African Announces Extension of Closing Date for C$17.25m Bought Deal Private Placement
PDF File: 
PDF iconwestafrican07192017.pdf
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WAF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
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West African hits 280.3 g/t Au at M1 South

July 19, 2017, 5:06 pm
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Company:

Scheduled Release Time: 
Wednesday, July 19, 2017 - 8:20 PM EDT
ASCII Headline: 
West African hits 280.3 g/t Au at M1 South
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Managing Director Richard Hyde commented:“M1 South has returned further high-grade results including 0.5m at 280.3 g/t Au from 256m in TAN17-DD128. Two wedge holes have also intercepted visible gold mineralisation, assays are pending.

“M5 drilling has also returned significant results with TAN17-DD118 returning 36.5m at 2.5 g/t Au approximately 50m beneath the proposed M5 open pit.

 

“The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs.”

 

Highlights

 

  • High-grade results from depth at M1 South;


— 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m


— 2.5m at 24.4 g/t Au from 162m, including 0.5m at 64.9 g/t Au from 163.5m

 

  • Significant results from M5;


— 36.5m at 2.5 g/t Au from 320m, including 0.5m at 49.5 g/t Au


— 37m at 2.4 g/t Au from 298.5m, including 1.5m at 18.1 g/t Au

 

  • Six drill rigs currently on-site double shifting, infilling and extending mineralisation

 

  • Ground geophysical survey commenced targeting additional M1-style mineralisation

 

  • Resource update on track for Q3 2017

 

  • Funded to complete all work programs for 2017

 

Click here to view the full ASX announcement

 

www.westafricanresources.com

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Managing Director Richard Hyde commented: M1 South has returned further high-grade results including 0.5m at 280.3 g/t Au from 256m in TAN17-DD128. Two wedge holes have also intercepted visible gold mineralisation, assays are pending. M5 drilling has also returned significant results with TAN17-DD118 returning 36.5m at 2.5 g/t Au approximately 50m beneath the proposed M5 open pit. The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs. Highlights High-grade results from depth at M1 South; 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m 2.5m at 24.4 g/t Au from 162m, including 0.5m at 64.9 g/t Au from 163.5m Significant results from M5; 36.5m at 2.5 g/t Au from 320m, including 0.5m at 49.5 g/t Au 37m at 2.4 g/t Au from 298.5m, including 1.5m at 18.1 g/t Au Six drill rigs currently on-site double shifting, infilling and extending mineralisation Ground geophysical survey commenced targeting additional M1-style mineralisation Resource update on track for Q3 2017 Funded to complete all work programs for 2017 Click here to view the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jlebuk-qyhlitldk-y/) www.westafricanresources.com (http://email.launchpadcreative.com.au/t/r-l-jlebuk-qyhlitldk-j/)
HTML Completed News Release : 

West African hits 280.3 g/t Au at M1 South



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Managing Director Richard Hyde commented:“M1 South has returned further high-grade results including 0.5m at 280.3 g/t Au from 256m in TAN17-DD128. Two wedge holes have also intercepted visible gold mineralisation, assays are pending.

“M5 drilling has also returned significant results with TAN17-DD118 returning 36.5m at 2.5 g/t Au approximately 50m beneath the proposed M5 open pit.

 

“The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs.”

 

Highlights

 

  • High-grade results from depth at M1 South;


— 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m


— 2.5m at 24.4 g/t Au from 162m, including 0.5m at 64.9 g/t Au from 163.5m

 

  • Significant results from M5;


— 36.5m at 2.5 g/t Au from 320m, including 0.5m at 49.5 g/t Au


— 37m at 2.4 g/t Au from 298.5m, including 1.5m at 18.1 g/t Au

 

  • Six drill rigs currently on-site double shifting, infilling and extending mineralisation

 

  • Ground geophysical survey commenced targeting additional M1-style mineralisation

 

  • Resource update on track for Q3 2017

 

  • Funded to complete all work programs for 2017

 

Click here to view the full ASX announcement

 

www.westafricanresources.com



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/westafrican07192017_0.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. http://www.fscwire.com

 

Copyright © 2017 Filing Services Canada Inc.





ASCII Completed News Release: 
West African hits 280.3 g/t Au at M1 South Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Managing Director Richard Hyde commented: M1 South has returned further high-grade results including 0.5m at 280.3 g/t Au from 256m in TAN17-DD128. Two wedge holes have also intercepted visible gold mineralisation, assays are pending. M5 drilling has also returned significant results with TAN17-DD118 returning 36.5m at 2.5 g/t Au approximately 50m beneath the proposed M5 open pit. The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs. Highlights High-grade results from depth at M1 South; 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m 2.5m at 24.4 g/t Au from 162m, including 0.5m at 64.9 g/t Au from 163.5m Significant results from M5; 36.5m at 2.5 g/t Au from 320m, including 0.5m at 49.5 g/t Au 37m at 2.4 g/t Au from 298.5m, including 1.5m at 18.1 g/t Au Six drill rigs currently on-site double shifting, infilling and extending mineralisation Ground geophysical survey commenced targeting additional M1-style mineralisation Resource update on track for Q3 2017 Funded to complete all work programs for 2017 Click here to view the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jlebuk-qyhlitldk-y/) www.westafricanresources.com (http://email.launchpadcreative.com.au/t/r-l-jlebuk-qyhlitldk-j/) To view this press release as a PDF file, click onto the following link: http://ww4.fscwire.com/sites/default/files/news_release_pdf/westafrican07192017_0.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
Location: 
Scarborough , Australia
HTML News Headline: 
West African hits 280.3 g/t Au at M1 South
PDF File: 
PDF iconwestafrican07192017.pdf
Hold until Ready?: 
No

FSC Industry Code:

Tickers: 
  • TSX Venture
WAF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
Approve News Release?: 
Yes
Edit Type: 
Disseminate
US/Yahoo Release?: 
No
Requested Date: 
Wednesday, July 19, 2017 - 8:06pm

Service Level:

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Email Blast: 
No
Fax Dissemination: 
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Status:

Complete: 
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SEDAR Filing: 
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EDGAR Filing: 
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Complete: 
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Is billing required for any service listed below? : 
Yes
One Off Dissemination?: 
Yes
Number of Words: 
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Graphics Hosting: 
No
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After Hours: 
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West African Announces Closing of C$17.25m Bought Deal Private Placement

July 24, 2017, 1:43 am
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Company:

Scheduled Release Time: 
Monday, July 24, 2017 - 3:10 PM EDT
ASCII Headline: 
West African Announces Closing of C$17.25m Bought Deal Private Placement
HTML News Sub Headline: 

Not For Distribution to U.S. Newswire Services or For Release, Publication, Distribution or Dissemination Directly, Or Indirectly, In Whole or In Part, In or Into the United States.

ASCII Sub Headline: 
Not For Distribution to U.S. Newswire Services or For Release, Publication, Distribution or Dissemination Directly, Or Indirectly, In Whole or In Part, In or Into the United States.
HTML Body: 

West African Resources Limited (ASX, TSX-V: WAF or the “Company” or “West African”) is pleased to announce that it has closed its previously announced C$17.25m bought deal private placement (the “Offering”).

 

Sprott Capital Partners, Cormark Securities Inc. and BMO Capital Markets (the “Underwriters”) were the underwriters for the Offering.

 

Pursuant to the Offering, the Company issued 53,906,250 ordinary shares.  The ordinary shares issued under the Offering are subject to a four month hold period expiring on November 25, 2017, in accordance with applicable securities laws in Canada.

 

The Underwriters received a cash fee in an amount equal to 6.0% of the gross proceeds of the Offering, and were granted share purchase warrants (the “Broker Warrants”) entitling the Underwriters to purchase that number of ordinary shares as is equal to 2.0% of the aggregate number of ordinary shares sold in the Offering.  Each Broker Warrant is exercisable to acquire one ordinary share at a price equal to $0.32 for a period of 24 months after today’s closing.  The Broker Warrants and the ordinary shares issuable upon exercise of the Broker Warrants are also subject to a four month hold period expiring on November 25, 2017, in accordance with applicable securities laws in Canada.

 

The net proceeds received by the Company from the Offering are intended to be used to advance the Sanbrado Gold Project, Burkina Faso.  This includes on-going exploration drilling on the property, advancement of an updated resource study, revised feasibility study as well as for general corporate and working capital purposes.

 

ON BEHALF OF THE BOARD OF DIRECTORS,

 

Richard Hyde, Managing Director

 

West African Resources Limited

 

Forward Looking Information

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. Specific forward-looking statements and forward-looking information includes statements regarding the intended use by the Company of the net proceeds from the Offering.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.   

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African and risks associated with forward-looking information and forward-looking statements, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

ASCII Body: 
Scarborough , Western Australia (FSCwire) - West African Resources Limited (ASX, TSX-V: WAF or the Company or West African) is pleased to announce that it has closed its previously announced C$17.25m bought deal private placement (the Offering). Sprott Capital Partners, Cormark Securities Inc. and BMO Capital Markets (the Underwriters) were the underwriters for the Offering. Pursuant to the Offering, the Company issued 53,906,250 ordinary shares. The ordinary shares issued under the Offering are subject to a four month hold period expiring on November 25, 2017, in accordance with applicable securities laws in Canada. The Underwriters received a cash fee in an amount equal to 6.0% of the gross proceeds of the Offering, and were granted share purchase warrants (the Broker Warrants) entitling the Underwriters to purchase that number of ordinary shares as is equal to 2.0% of the aggregate number of ordinary shares sold in the Offering. Each Broker Warrant is exercisable to acquire one ordinary share at a price equal to $0.32 for a period of 24 months after todays closing. The Broker Warrants and the ordinary shares issuable upon exercise of the Broker Warrants are also subject to a four month hold period expiring on November 25, 2017, in accordance with applicable securities laws in Canada. The net proceeds received by the Company from the Offering are intended to be used to advance the Sanbrado Gold Project, Burkina Faso. This includes on-going exploration drilling on the property, advancement of an updated resource study, revised feasibility study as well as for general corporate and working capital purposes. ON BEHALF OF THE BOARD OF DIRECTORS, Richard Hyde, Managing Director West African Resources Limited Forward Looking Information Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. Specific forward-looking statements and forward-looking information includes statements regarding the intended use by the Company of the net proceeds from the Offering. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African and risks associated with forward-looking information and forward-looking statements, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR atwww.sedar.com. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 1933 Act) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
HTML Completed News Release : 

West African Announces Closing of C$17.25m Bought Deal Private Placement

Not For Distribution to U.S. Newswire Services or For Release, Publication, Distribution or Dissemination Directly, Or Indirectly, In Whole or In Part, In or Into the United States.



Scarborough , Western Australia (FSCwire) - West African Resources Limited (ASX, TSX-V: WAF or the “Company” or “West African”) is pleased to announce that it has closed its previously announced C$17.25m bought deal private placement (the “Offering”).

 

Sprott Capital Partners, Cormark Securities Inc. and BMO Capital Markets (the “Underwriters”) were the underwriters for the Offering.

 

Pursuant to the Offering, the Company issued 53,906,250 ordinary shares.  The ordinary shares issued under the Offering are subject to a four month hold period expiring on November 25, 2017, in accordance with applicable securities laws in Canada.

 

The Underwriters received a cash fee in an amount equal to 6.0% of the gross proceeds of the Offering, and were granted share purchase warrants (the “Broker Warrants”) entitling the Underwriters to purchase that number of ordinary shares as is equal to 2.0% of the aggregate number of ordinary shares sold in the Offering.  Each Broker Warrant is exercisable to acquire one ordinary share at a price equal to $0.32 for a period of 24 months after today’s closing.  The Broker Warrants and the ordinary shares issuable upon exercise of the Broker Warrants are also subject to a four month hold period expiring on November 25, 2017, in accordance with applicable securities laws in Canada.

 

The net proceeds received by the Company from the Offering are intended to be used to advance the Sanbrado Gold Project, Burkina Faso.  This includes on-going exploration drilling on the property, advancement of an updated resource study, revised feasibility study as well as for general corporate and working capital purposes.

 

ON BEHALF OF THE BOARD OF DIRECTORS,

 

Richard Hyde, Managing Director

 

West African Resources Limited

 

Forward Looking Information

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. Specific forward-looking statements and forward-looking information includes statements regarding the intended use by the Company of the net proceeds from the Offering.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.   

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African and risks associated with forward-looking information and forward-looking statements, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/westafrican07242017.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. http://www.fscwire.com

 

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ASCII Completed News Release: 
West African Announces Closing of C$17.25m Bought Deal Private Placement Not For Distribution to U.S. Newswire Services or For Release, Publication, Distribution or Dissemination Directly, Or Indirectly, In Whole or In Part, In or Into the United States. Scarborough , Western Australia (FSCwire) - West African Resources Limited (ASX, TSX-V: WAF or the Company or West African) is pleased to announce that it has closed its previously announced C$17.25m bought deal private placement (the Offering). Sprott Capital Partners, Cormark Securities Inc. and BMO Capital Markets (the Underwriters) were the underwriters for the Offering. Pursuant to the Offering, the Company issued 53,906,250 ordinary shares. The ordinary shares issued under the Offering are subject to a four month hold period expiring on November 25, 2017, in accordance with applicable securities laws in Canada. The Underwriters received a cash fee in an amount equal to 6.0% of the gross proceeds of the Offering, and were granted share purchase warrants (the Broker Warrants) entitling the Underwriters to purchase that number of ordinary shares as is equal to 2.0% of the aggregate number of ordinary shares sold in the Offering. Each Broker Warrant is exercisable to acquire one ordinary share at a price equal to $0.32 for a period of 24 months after todays closing. The Broker Warrants and the ordinary shares issuable upon exercise of the Broker Warrants are also subject to a four month hold period expiring on November 25, 2017, in accordance with applicable securities laws in Canada. The net proceeds received by the Company from the Offering are intended to be used to advance the Sanbrado Gold Project, Burkina Faso. This includes on-going exploration drilling on the property, advancement of an updated resource study, revised feasibility study as well as for general corporate and working capital purposes. ON BEHALF OF THE BOARD OF DIRECTORS, Richard Hyde, Managing Director West African Resources Limited Forward Looking Information Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. Specific forward-looking statements and forward-looking information includes statements regarding the intended use by the Company of the net proceeds from the Offering. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African and risks associated with forward-looking information and forward-looking statements, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR atwww.sedar.com. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 1933 Act) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. To view this press release as a PDF file, click onto the following link: https://ww4.fscwire.com/sites/default/files/news_release_pdf/westafrican07242017.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
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HTML News Headline: 
West African Announces Closing of C$17.25m Bought Deal Private Placement
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ON HOLD FOR CALL. they will let us know the time out when it is ready to go. Michael has approved for dissemination.
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↧

June 2017 Quarterly Activities and Cashflow Report

July 30, 2017, 7:15 pm
$
0
0

Company:

Scheduled Release Time: 
Sunday, July 30, 2017 - 10:28 PM EDT
ASCII Headline: 
June 2017 Quarterly Activities and Cashflow Report
HTML Body: 

West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 30 June 2017.

 

Highlights

 

Sanbrado Gold Project

 

  • High-grade diamond drilling results from M1 more than 400m down hole

 

  • Mineralisation at M1 now more than double the average depth of the current reserve

 

  • Deep drilling at M1 and M5 targeting open zones & infill drilling targeting category upgrades

 

  • Ground geophysical surveys commenced targeting additional M1-style mineralisation

 

  • Resource for M1 and M5 update on track for Q3 2017

 

  • C$17.25m bought deal private placement completed post quarter end


M1 drilling adds further high-grade at depth

 

  • 22m at 10.5 g/t Au from 373.5m including 1.5 m at 61.7 g/t Au (TAN17-DD110A)

 

  • 15m at 12.4 g/t Au from 431.5m including 2.5 m at 57.6 g/t Au (TAN17-DD110A)

 

  • 21m at 53.1 g/t Au from 408.5m including 1 m at 1,071.9 g/t Au (TAN17-DD111)

 

  • 14.5m at 38.3 g/t Au from 459m including 4.5 m at 104.2 g/t Au (TAN17-DD111)

 

  • 2.5m at 58.9 g/t Au from 254m including 0.5 m at 280.3 g/t Au (TAN17-DD128)

 

  • 2.5m at 24.4 g/t Au from 162m including 0.5 m at 64.9 g/t Au (TAN17-DD129)

 

M5 drilling hits solid mineralisation beneath reserve pit shell

 

  • 7m at 3.3 g/t Au from 179m (TAN17-DD105B)

 

  • 20m at 2.1 g/t Au from 178m (TAN17-DD116)

 

  • 36.5m at 2.5 g/t Au from 320m (TAN17-DD118)

 

  • 20m at 1.5 g/t Au from 187m (TAN17-DD121)

 

  • 40.5m at 1.4 g/t Au from 240m (TAN17-DD122)

 

  • 12m at 3.3 g/t Au from 211m (TAN17-DD126)

 

  • 37m at 2.4 g/t Au from 298.5m (TAN17-DD127)

 

  • 25.5m at 1.9 g/t Au from 341.5m (TAN17-DD127)

 

Managing Director Richard Hyde commented:

“The 2017 June quarter added further value at Sanbrado with ultra-high grade mineralisation intercepted at more than 400m down hole, more than double the reserve depth from the February feasibility study. TAN17-DD111 returned a spectacular result with 1.6 kilograms of gold per tonne over a half metre sample, within 21m at 53.1 g/t Au. A second deeper zone in TAN17-DD111 returned and 14.5m at 38.3 g/t Au including 4.5 m at 104.2 g/t Au."

 

Late in the June quarter the Company announced a C$17.25m bought deal private placement led by Sprott Capital Partners. The deal subsequently closed post the end of the quarter on 24th July, 2017. The Company now has approximately $26m in cash and is fully funded for all 2017 work programs.

 

Click here to view the full ASX announcement

 

www.westafricanresources.com

ASCII Body: 
Scarborough , Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 30 June 2017. Highlights Sanbrado Gold Project High-grade diamond drilling results from M1 more than 400m down hole Mineralisation at M1 now more than double the average depth of the current reserve Deep drilling at M1 and M5 targeting open zones & infill drilling targeting category upgrades Ground geophysical surveys commenced targeting additional M1-style mineralisation Resource for M1 and M5 update on track for Q3 2017 C$17.25m bought deal private placement completed post quarter end M1 drilling adds further high-grade at depth 22m at 10.5 g/t Au from 373.5m including 1.5 m at 61.7 g/t Au (TAN17-DD110A) 15m at 12.4 g/t Au from 431.5m including 2.5 m at 57.6 g/t Au (TAN17-DD110A) 21m at 53.1 g/t Au from 408.5m including 1 m at 1,071.9 g/t Au (TAN17-DD111) 14.5m at 38.3 g/t Au from 459m including 4.5 m at 104.2 g/t Au (TAN17-DD111) 2.5m at 58.9 g/t Au from 254m including 0.5 m at 280.3 g/t Au (TAN17-DD128) 2.5m at 24.4 g/t Au from 162m including 0.5 m at 64.9 g/t Au (TAN17-DD129) M5 drilling hits solid mineralisation beneath reserve pit shell 7m at 3.3 g/t Au from 179m (TAN17-DD105B) 20m at 2.1 g/t Au from 178m (TAN17-DD116) 36.5m at 2.5 g/t Au from 320m (TAN17-DD118) 20m at 1.5 g/t Au from 187m (TAN17-DD121) 40.5m at 1.4 g/t Au from 240m (TAN17-DD122) 12m at 3.3 g/t Au from 211m (TAN17-DD126) 37m at 2.4 g/t Au from 298.5m (TAN17-DD127) 25.5m at 1.9 g/t Au from 341.5m (TAN17-DD127) Managing Director Richard Hyde commented: The 2017 June quarter added further value at Sanbrado with ultra-high grade mineralisation intercepted at more than 400m down hole, more than double the reserve depth from the February feasibility study. TAN17-DD111 returned a spectacular result with 1.6 kilograms of gold per tonne over a half metre sample, within 21m at 53.1 g/t Au. A second deeper zone in TAN17-DD111 returned and 14.5m at 38.3 g/t Au including 4.5 m at 104.2 g/t Au." Late in the June quarter the Company announced a C$17.25m bought deal private placement led by Sprott Capital Partners. The deal subsequently closed post the end of the quarter on 24th July, 2017. The Company now has approximately $26m in cash and is fully funded for all 2017 work programs. Click here to view the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jlyutlhy-qyhlitldk-y/) www.westafricanresources.com (http://email.launchpadcreative.com.au/t/r-l-jlyutlhy-qyhlitldk-j/)
HTML Completed News Release : 

June 2017 Quarterly Activities and Cashflow Report



Scarborough , Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 30 June 2017.

 

Highlights

 

Sanbrado Gold Project

 

  • High-grade diamond drilling results from M1 more than 400m down hole

 

  • Mineralisation at M1 now more than double the average depth of the current reserve

 

  • Deep drilling at M1 and M5 targeting open zones & infill drilling targeting category upgrades

 

  • Ground geophysical surveys commenced targeting additional M1-style mineralisation

 

  • Resource for M1 and M5 update on track for Q3 2017

 

  • C$17.25m bought deal private placement completed post quarter end


M1 drilling adds further high-grade at depth

 

  • 22m at 10.5 g/t Au from 373.5m including 1.5 m at 61.7 g/t Au (TAN17-DD110A)

 

  • 15m at 12.4 g/t Au from 431.5m including 2.5 m at 57.6 g/t Au (TAN17-DD110A)

 

  • 21m at 53.1 g/t Au from 408.5m including 1 m at 1,071.9 g/t Au (TAN17-DD111)

 

  • 14.5m at 38.3 g/t Au from 459m including 4.5 m at 104.2 g/t Au (TAN17-DD111)

 

  • 2.5m at 58.9 g/t Au from 254m including 0.5 m at 280.3 g/t Au (TAN17-DD128)

 

  • 2.5m at 24.4 g/t Au from 162m including 0.5 m at 64.9 g/t Au (TAN17-DD129)

 

M5 drilling hits solid mineralisation beneath reserve pit shell

 

  • 7m at 3.3 g/t Au from 179m (TAN17-DD105B)

 

  • 20m at 2.1 g/t Au from 178m (TAN17-DD116)

 

  • 36.5m at 2.5 g/t Au from 320m (TAN17-DD118)

 

  • 20m at 1.5 g/t Au from 187m (TAN17-DD121)

 

  • 40.5m at 1.4 g/t Au from 240m (TAN17-DD122)

 

  • 12m at 3.3 g/t Au from 211m (TAN17-DD126)

 

  • 37m at 2.4 g/t Au from 298.5m (TAN17-DD127)

 

  • 25.5m at 1.9 g/t Au from 341.5m (TAN17-DD127)

 

Managing Director Richard Hyde commented:

“The 2017 June quarter added further value at Sanbrado with ultra-high grade mineralisation intercepted at more than 400m down hole, more than double the reserve depth from the February feasibility study. TAN17-DD111 returned a spectacular result with 1.6 kilograms of gold per tonne over a half metre sample, within 21m at 53.1 g/t Au. A second deeper zone in TAN17-DD111 returned and 14.5m at 38.3 g/t Au including 4.5 m at 104.2 g/t Au."

 

Late in the June quarter the Company announced a C$17.25m bought deal private placement led by Sprott Capital Partners. The deal subsequently closed post the end of the quarter on 24th July, 2017. The Company now has approximately $26m in cash and is fully funded for all 2017 work programs.

 

Click here to view the full ASX announcement

 

www.westafricanresources.com





Source: West African Resources Ltd (TSX Venture:WAF)

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ASCII Completed News Release: 
June 2017 Quarterly Activities and Cashflow Report Scarborough , Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 30 June 2017. Highlights Sanbrado Gold Project High-grade diamond drilling results from M1 more than 400m down hole Mineralisation at M1 now more than double the average depth of the current reserve Deep drilling at M1 and M5 targeting open zones & infill drilling targeting category upgrades Ground geophysical surveys commenced targeting additional M1-style mineralisation Resource for M1 and M5 update on track for Q3 2017 C$17.25m bought deal private placement completed post quarter end M1 drilling adds further high-grade at depth 22m at 10.5 g/t Au from 373.5m including 1.5 m at 61.7 g/t Au (TAN17-DD110A) 15m at 12.4 g/t Au from 431.5m including 2.5 m at 57.6 g/t Au (TAN17-DD110A) 21m at 53.1 g/t Au from 408.5m including 1 m at 1,071.9 g/t Au (TAN17-DD111) 14.5m at 38.3 g/t Au from 459m including 4.5 m at 104.2 g/t Au (TAN17-DD111) 2.5m at 58.9 g/t Au from 254m including 0.5 m at 280.3 g/t Au (TAN17-DD128) 2.5m at 24.4 g/t Au from 162m including 0.5 m at 64.9 g/t Au (TAN17-DD129) M5 drilling hits solid mineralisation beneath reserve pit shell 7m at 3.3 g/t Au from 179m (TAN17-DD105B) 20m at 2.1 g/t Au from 178m (TAN17-DD116) 36.5m at 2.5 g/t Au from 320m (TAN17-DD118) 20m at 1.5 g/t Au from 187m (TAN17-DD121) 40.5m at 1.4 g/t Au from 240m (TAN17-DD122) 12m at 3.3 g/t Au from 211m (TAN17-DD126) 37m at 2.4 g/t Au from 298.5m (TAN17-DD127) 25.5m at 1.9 g/t Au from 341.5m (TAN17-DD127) Managing Director Richard Hyde commented: The 2017 June quarter added further value at Sanbrado with ultra-high grade mineralisation intercepted at more than 400m down hole, more than double the reserve depth from the February feasibility study. TAN17-DD111 returned a spectacular result with 1.6 kilograms of gold per tonne over a half metre sample, within 21m at 53.1 g/t Au. A second deeper zone in TAN17-DD111 returned and 14.5m at 38.3 g/t Au including 4.5 m at 104.2 g/t Au." Late in the June quarter the Company announced a C$17.25m bought deal private placement led by Sprott Capital Partners. The deal subsequently closed post the end of the quarter on 24th July, 2017. The Company now has approximately $26m in cash and is fully funded for all 2017 work programs. Click here to view the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jlyutlhy-qyhlitldk-y/) www.westafricanresources.com (http://email.launchpadcreative.com.au/t/r-l-jlyutlhy-qyhlitldk-j/) Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
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Exercise of Macquarie Bank Options Adds $5.7m to Treasury

August 22, 2017, 7:59 pm
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Company:

Scheduled Release Time: 
Tuesday, August 22, 2017 - 11:47 PM EDT
ASCII Headline: 
Exercise of Macquarie Bank Options Adds $5.7m to Treasury
HTML Body: 

West African Resources (ASX, TSXV: WAF) is pleased to announce the Commodity Markets and Finance Division of Macquarie Bank Limited (Macquarie) has exercised 40,545,224 unlisted options (Options) ahead of their 30 September 2017 expiry date.  The Options were exercisable at A$0.14 and add a further $5.7m to treasury, bringing the Company’s current cash balance to approximately A$30 million.

 

The Options relate to a US$5 million loan facility, which the company entered into in December 2014 and repaid in August 2016.

Funds will be applied to work programs and exploration drilling which will be ramping up in October 2017, after the current wet season.

 

Managing Director Richard Hyde commented:

“We welcome Macquarie Bank as a substantial shareholder.

“Additional funds will be applied to accelerate drilling programs at the M1 South and M5 deposits.

“The Company remains on track to deliver a resource update in Q3 2017, and an updated Feasibility Study incorporating both open pit and underground mining in mid-2018.”

 

Click here to view the full ASX announcement

ASCII Body: 
Scarborough , Australia (FSCwire) - West African Resources (ASX, TSXV: WAF) is pleased to announce the Commodity Markets and Finance Division of Macquarie Bank Limited (Macquarie) has exercised 40,545,224 unlisted options (Options) ahead of their 30 September 2017 expiry date. The Options were exercisable at A$0.14 and add a further $5.7m to treasury, bringing the Companys current cash balance to approximately A$30 million. The Options relate to a US$5 million loan facility, which the company entered into in December 2014 and repaid in August 2016. Funds will be applied to work programs and exploration drilling which will be ramping up in October 2017, after the current wet season. Managing Director Richard Hyde commented: We welcome Macquarie Bank as a substantial shareholder. Additional funds will be applied to accelerate drilling programs at the M1 South and M5 deposits. The Company remains on track to deliver a resource update in Q3 2017, and an updated Feasibility Study incorporating both open pit and underground mining in mid-2018. Click here to view the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jlthtjuk-qyhlitldk-y/)
HTML Completed News Release : 

Exercise of Macquarie Bank Options Adds $5.7m to Treasury



Scarborough , Australia (FSCwire) - West African Resources (ASX, TSXV: WAF) is pleased to announce the Commodity Markets and Finance Division of Macquarie Bank Limited (Macquarie) has exercised 40,545,224 unlisted options (Options) ahead of their 30 September 2017 expiry date.  The Options were exercisable at A$0.14 and add a further $5.7m to treasury, bringing the Company’s current cash balance to approximately A$30 million.

 

The Options relate to a US$5 million loan facility, which the company entered into in December 2014 and repaid in August 2016.

Funds will be applied to work programs and exploration drilling which will be ramping up in October 2017, after the current wet season.

 

Managing Director Richard Hyde commented:

“We welcome Macquarie Bank as a substantial shareholder.

“Additional funds will be applied to accelerate drilling programs at the M1 South and M5 deposits.

“The Company remains on track to deliver a resource update in Q3 2017, and an updated Feasibility Study incorporating both open pit and underground mining in mid-2018.”

 

Click here to view the full ASX announcement



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/westafrican08222017_0.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

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ASCII Completed News Release: 
Exercise of Macquarie Bank Options Adds $5.7m to Treasury Scarborough , Australia (FSCwire) - West African Resources (ASX, TSXV: WAF) is pleased to announce the Commodity Markets and Finance Division of Macquarie Bank Limited (Macquarie) has exercised 40,545,224 unlisted options (Options) ahead of their 30 September 2017 expiry date. The Options were exercisable at A$0.14 and add a further $5.7m to treasury, bringing the Companys current cash balance to approximately A$30 million. The Options relate to a US$5 million loan facility, which the company entered into in December 2014 and repaid in August 2016. Funds will be applied to work programs and exploration drilling which will be ramping up in October 2017, after the current wet season. Managing Director Richard Hyde commented: We welcome Macquarie Bank as a substantial shareholder. Additional funds will be applied to accelerate drilling programs at the M1 South and M5 deposits. The Company remains on track to deliver a resource update in Q3 2017, and an updated Feasibility Study incorporating both open pit and underground mining in mid-2018. Click here to view the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jlthtjuk-qyhlitldk-y/) To view this press release as a PDF file, click onto the following link: https://ww4.fscwire.com/sites/default/files/news_release_pdf/westafrican08222017_0.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
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Exercise of Macquarie Bank Options Adds $5.7m to Treasury
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↧

West African hits 320 g/t Au at M1 South

August 23, 2017, 6:44 am
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Company:

Scheduled Release Time: 
Wednesday, August 23, 2017 - 10:10 AM EDT
ASCII Headline: 
West African hits 320 g/t Au at M1 South
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

 

Highlights

 

  • High-grade results from depth at M1 South;
    • 16.5m at 14.78 g/t Au from 446.5m, including 0.5m at 320 g/t Au
    • 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au
    • 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au
    • 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au
  • Three drill rigs currently on-site double shifting, infilling and extending mineralisation
  • Ground geophysical survey nearing completion targeting additional M1-style mineralisation
  • Resource update on track for Q3 2017 and updated Feasibility Study in mid-2018
  • Funded to complete all work programs with approximately $29m cash at bank

 

Managing Director Richard Hyde commented:

 

“M1 South has returned further high-grade results including 0.5m at 320 g/t Au within 16.5m at 14.78 g/t Au in TAN17-DD111-WD1, up dip of parent hole TAN17-DD111.

 

“Deep drilling at M1 South is also underway with drilling designed to intersect mineralisation at 500m vertical depth.

 

“The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs.”

 

 

M1 South Drilling Program

 

Drilling for the upcoming resource estimate update for M1 and M5 has been completed with remaining assays expected over the next two weeks. Infill drilling from wedge holes TAN17-DD110A-WD1 and TAN17-DD111-WD1 have confirmed the continuity of the high-grade gold mineralisation at M1 South. Significant results from recent drilling include:

 

  • TAN17-DD110A-WD1: 4m at 21.45 g/t Au from 421.5m, including0.5m at 79.7 g/t Au
  • TAN17-DD110A-WD1: 3m at 29.52 g/t Au from 434m, including0.5m at 127 g/t Au
  • TAN17-DD111-WD1: 4m at 11.02 g/t Au from 404.5m, including0.5m at 47 g/t Au
  • TAN17-DD111-WD1: 3m at 14.49 g/t Au from 417m, including0.5m at 73.9 g/t Au
  • TAN17-DD111-WD1: 16.5m at 14.78 g/t Au from 446.5m, including 2.5m at 79.9 g/t Au(including 0.5m at 320 g/t Au )

 

Drilling along strike targeting additional shoots has returned mixed results. Three holes are still pending (TAN17-DD154, 158 and 160 see Figure 1) and further work remains to be done on the geological model.  Significant results include:

 

  • TAN17-DD135 1.5m at 91.76 g/t Au from 155m, including0.5m at 215.6 g/t Au
  • TAN17-DD140 1m at 8.52 g/t Au from 115m
  • TAN17-DD140 3m at 2.62 g/t Au from 262m
  • TAN17-DD141 3.5m at 15.79 g/t Au from 347m, including0.5m at 64 g/t Au
  • TAN17-DD144 5.5m at 5.81 g/t Au from 174m
  • TAN17-DD146 2.5m at 3.03 g/t Au from 179.5m

 

Previous results from the 2017 drilling program that commenced after the February open pit Feasibility Study at M1 South include:

 

  • TAN17-DD104:  11m at 20.4 g/t Au from 286m, including2m at 101.71 g/t Au
  • TAN17-DD107:  8.5m at 37.98 g/t Au from 296.5m, including1m at 260.93 g/t Au
  • TAN17-DD109:  29.5m at 20.67 g/t Au from 349.5m, including 1.5m at 250.29 g/t Au
  • TAN17-DD109:  9.5m at 7.78 g/t Au from 385m, including1m at 61.14 g/t Au
  • TAN17-DD110A:  22m at 10.52 g/t Au from 373.5m, including 1.5m at 61.71 g/t Au
  • TAN17-DD110A:  15m at 12.4 g/t Au from 431.5m, including2.5m at 57.6 g/t Au
  • TAN17-DD111 21m at 53.13 g/t Au from 408.5m, including0.5m at 1,613.41 g/t Au
  • TAN17-DD111 14.5m at 38.27 g/t Au from 459m, including4.5m at 104.16 g/t Au
  • TAN17-DD128: 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m
  • TAN17-DD129: 2.5m at 24.4 g/t Au from 162m, including0.5m at 64.9 g/t Au from 163.5m

Two holes, TAN17-DD162 & 163, are in progress targeting deeper mineralisation at approximately 450-500m vertical below surface.  Figure 1 shows the anticipated intercept points of both based on surveys to date.  Both holes should be completed within the next week.  Also ground magnetic and IP geophysical surveys covering the M1, M3 and southern M5 areas is nearing completion.  It is expected that data will be available for interpretation by mid-September. A summary long-section through the M1 South is presented as Figure 1, along with a cross-section and drill plan as figures 2 and 3.

 

Photo 1: TAN17-DD110A- WD1 – Visible gold at 423m – 79.7 g/t Au

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

To view the graphic in its original size, please click here

 

Photo 2: TAN17-DD111- WD1 – Visible gold at 456.5m – 320 g/t Au

To view the graphic in its original size, please click here

 
 

Figure 1: M1 South – Long Section

To view the graphic in its original size, please click here

 

Figure 2: M1 South – Section SE425

To view the graphic in its original size, please click here

 

Figure 3: M1 South – Drilling Summary Plan

To view the graphic in its original size, please click here

 

Figure 4: Sanbrado Gold Project – Mineralised Trends and Prospect Locations

To view the graphic in its original size, please click here

 

Table 1

Significant Intercepts 1g/t Cut Off M1

Hole ID

From

To

Interval

Au g/t

Dip

Azi

EOH

Easting

Northing

RL

Section

Prospect

TAN17-DD102

353

379

26

12.71

-50

120

477

742057

1336386

296

SW0650

M5

TAN17-DD102

400

429

29

2.45

-50

120

477

742057

1336386

296

SW0650

M5

TAN17-DD103

20

28

8

2.15

-50

120

191

742408

1336529

294

SW0350

M5

TAN17-DD104

286

297

11

20.4

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD104

315

323

8

5.14

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD105B

66

73

7

1.45

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD105B

140

148

8

1.34

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD105B

179

186

7

3.3

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD106

327.5

338

10.5

2.28

-50

225

399

741754

1337075

300

SE0450

M1S

TAN17-DD107

296.5

305

8.5

37.98

-50

225

369

741720

1337074

301

SE0425

M1S

TAN17-DD107

315.5

342.5

27

3.73

-50

225

369

741720

1337074

301

SE0425

M1S

TAN17-DD109

349.5

379

29.5

20.67

-50

225

450

741756

1337108

300

SE0425

M1S

TAN17-DD109

385

394.5

9.5

7.78

-50

225

450

741756

1337108

300

SE0425

M1S

TAN17-DD110A

373.5

395.5

22

10.52

-50

225

486

741789

1337109

299

SE0450

M1S

TAN17-DD110A

431.5

446.5

15

12.4

-50

225

486

741789

1337109

299

SE0450

M1S

TAN17-DD111

237

238

1

5.43

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

408.5

429.5

21

53.13

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

459

473.5

14.5

38.27

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD112

162

172

10

1.5

-50

120

200

742548

1336739

294

SW0100

M5

TAN17-DD113

102

110

8

2.06

-50

120

212

742563

1336784

293

SW0050

M5

TAN17-DD113

164

169

5

1.35

-50

120

212

742563

1336784

293

SW0050

M5

TAN17-DD116

178

198

20

2.09

-50

120

247

742701

1336992

291

NE0200

M5

TAN17-DD118

320

356.5

36.5

2.53

-50

120

399

741975

1336274

296

SW0800

M5

TAN17-DD120A

335

337

2

4.18

-50

225

391

741654

1337253

301

SE0250

M1S

TAN17-DD121

107.5

109

1.5

5.53

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD121

154

155

1

8.47

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD121

187

207

20

1.52

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD122

240

280.5

40.5

1.39

-50

120

301

742056

1336276

295

SW0750

M5

TAN17-DD123

176.5

178

1.5

6.48

-50

225

220

741631

1337020

302

SE0400

M1S

TAN17-DD123

184

187

3

4.11

-50

225

220

741631

1337020

302

SE0400

M1S

TAN17-DD124

291

294

3

1.83

-50

120

361

742013

1336302

296

SW0750

M5

TAN17-DD124

329

338

9

1.3

-50

120

361

742013

1336302

296

SW0750

M5

TAN17-DD125

212

213

1

7.98

-50

225

319

741618

1337188

301

SE0275

M1S

TAN17-DD125

265.5

267

1.5

9.18

-50

225

319

741618

1337188

301

SE0275

M1S

TAN17-DD126

211

223

12

3.35

-50

120

239

742119

1336285

295

SW0700

M5

TAN17-DD127

298.5

335.5

37

2.4

-50

120

387

742089

1336366

296

SW0650

M5

TAN17-DD127

341.5

367

25.5

1.92

-50

120

387

742089

1336366

296

SW0650

M5

TAN17-DD128

254

256.5

2.5

58.88

-50

225

289

741676

1337063

302

SE0400

M1S

TAN17-DD129

162

164.5

2.5

24.35

-50

225

244.2

741549

1337252

302

SE0175

M1S

TAN17-DD135

155

156.5

1.5

91.76

-50

225

223.1

741625

1337051

302

SE0375

M1S

TAN17-DD140

115

116

1

8.52

-50

120

330.1

742218

1336458

296

SW0500

M1S

TAN17-DD140

262

265

3

2.62

-50

120

330.1

742218

1336458

296

SW0500

M1S

TAN17-DD141

347

350.5

3.5

15.79

-50

225

402.8

741721

1337112

301

SE0400

M1S

TAN17-DD144

174

179.5

5.5

5.81

-50

225

231.9

741580

1337148

303

SE0275

M1S

TAN17-DD146

179.5

182

2.5

3.03

-50

225

252.9

741549

1337286

303

SE0150

M1S

TAN17-DD110A-WD1

421.5

425.5

4

21.45

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD110A-WD1

434

437

3

29.52

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD111-WD1

404.5

408.5

4

11.02

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

417

420

3

14.49

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

446.5

463

16.5

14.78

-50

225

483.3

741793

1337143

297

SE0425

M1S

 

 

 

Table 2

Significant Intercepts 50g/t Cut Off

Hole ID

From

To

Interval

Au g/t

Dip

Azi

EOH

Easting

Northing

RL

Section

Prospect

TAN17-DD104

295

297

2

101.71

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD107

296.5

297.5

1

260.93

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD107

299

299.5

0.5

55.12

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD107

335

335.5

0.5

63.45

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD109

350

351.5

1.5

250.29

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD109

370

371

1

149.61

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD109

385.5

386.5

1

61.14

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD110A

383.5

384

0.5

72.31

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD110A

394

395.5

1.5

61.71

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD110A

437

439.5

2.5

57.60

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD111

414

415

1

1,071.9

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

464.5

469

4.5

104.2

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD128

256

256.5

0.5

280.31

-50

225

289

741676

1337063

302

SE0400

M1S

TAN17-DD129

163.5

164

0.5

64.85

-52

225

244

741549

1337252

302

SE0175

M1S

TAN17-DD135

155.5

156

0.5

215.598

-51

225

223.1

741625

1337051

302

SE0375

M1S

TAN17-DD141

347.5

348

0.5

64

-54

225

402.8

741721

1337112

301

SE0400

M1S

TAN17-DD110A-WD1

422.5

423

0.5

79.7

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD110A-WD1

434.5

435

0.5

127

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD111-WD1

417

417.5

0.5

73.9

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

456.5

459

2.5

79.9

-50

225

483.3

741793

1337143

297

SE0425

M1S

  • * denotes ending in mineralisation
  • All holes are RC and diamond holes.
  • All reported intersections from the current 2017 program are assayed at 1m intervals for M5 and 0.5m for M1 where possible.
  • Sample preparation and Fire Assay conducted by BIGS Ouagadougou or SGS Ouagadougou. Assayed by 50g fire assay with AAS finish. All samples >5 g/t Au are checked by 50g fire assay with gravimetric finish.
  • Mineralised intervals for RC reported >1g/t Au with a maximum of 5 m of internal dilution of less than 0.5/t gold. No top cut applied. 
  • Mineralised intervals for DD reported >1g/t Au with a maximum of 5 m of internal dilution of less than 1/t gold. No top cut applied.  Higher grade intervals reported >50 g/t Au with a maximum of 1 m of internal dilution of less than 50g/t Au.
  • Sample preparation and Fire Assay conducted by BIGS Ouagadougou. Assayed by 50g fire assay with AAS finish.
  • QA/QC protocol: For RC samples we insert one blank, one standard and one duplicate for every 17 samples (3 QA/QC within every 20 samples).

 

Competent Persons and Qualified Persons Statement

 

Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear.

 

 

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights High-grade results from depth at M1 South; 16.5m at 14.78 g/t Au from 446.5m, including 0.5m at 320 g/t Au 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au Three drill rigs currently on-site double shifting, infilling and extending mineralisation Ground geophysical survey nearing completion targeting additional M1-style mineralisation Resource update on track for Q3 2017 and updated Feasibility Study in mid-2018 Funded to complete all work programs with approximately $29m cash at bank Managing Director Richard Hyde commented: M1 South has returned further high-grade results including 0.5m at 320 g/t Au within 16.5m at 14.78 g/t Au in TAN17-DD111-WD1, up dip of parent hole TAN17-DD111. Deep drilling at M1 South is also underway with drilling designed to intersect mineralisation at 500m vertical depth. The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs. M1 South Drilling Program Drilling for the upcoming resource estimate update for M1 and M5 has been completed with remaining assays expected over the next two weeks. Infill drilling from wedge holes TAN17-DD110A-WD1 and TAN17-DD111-WD1 have confirmed the continuity of the high-grade gold mineralisation at M1 South. Significant results from recent drilling include: TAN17-DD110A-WD1: 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au TAN17-DD110A-WD1: 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au TAN17-DD111-WD1: 4m at 11.02 g/t Au from 404.5m, including 0.5m at 47 g/t Au TAN17-DD111-WD1: 3m at 14.49 g/t Au from 417m, including 0.5m at 73.9 g/t Au TAN17-DD111-WD1: 16.5m at 14.78 g/t Au from 446.5m, including 2.5m at 79.9 g/t Au (including 0.5m at 320 g/t Au ) Drilling along strike targeting additional shoots has returned mixed results. Three holes are still pending (TAN17-DD154, 158 and 160 see Figure 1) and further work remains to be done on the geological model. Significant results include: TAN17-DD135 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au TAN17-DD140 1m at 8.52 g/t Au from 115m TAN17-DD140 3m at 2.62 g/t Au from 262m TAN17-DD141 3.5m at 15.79 g/t Au from 347m, including 0.5m at 64 g/t Au TAN17-DD144 5.5m at 5.81 g/t Au from 174m TAN17-DD146 2.5m at 3.03 g/t Au from 179.5m Previous results from the 2017 drilling program that commenced after the February open pit Feasibility Study at M1 South include: TAN17-DD104: 11m at 20.4 g/t Au from 286m, including 2m at 101.71 g/t Au TAN17-DD107: 8.5m at 37.98 g/t Au from 296.5m, including 1m at 260.93 g/t Au TAN17-DD109: 29.5m at 20.67 g/t Au from 349.5m, including 1.5m at 250.29 g/t Au TAN17-DD109: 9.5m at 7.78 g/t Au from 385m, including 1m at 61.14 g/t Au TAN17-DD110A: 22m at 10.52 g/t Au from 373.5m, including 1.5m at 61.71 g/t Au TAN17-DD110A: 15m at 12.4 g/t Au from 431.5m, including 2.5m at 57.6 g/t Au TAN17-DD111 21m at 53.13 g/t Au from 408.5m, including 0.5m at 1,613.41 g/t Au TAN17-DD111 14.5m at 38.27 g/t Au from 459m, including 4.5m at 104.16 g/t Au TAN17-DD128: 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m TAN17-DD129: 2.5m at 24.4 g/t Au from 162m, including 0.5m at 64.9 g/t Au from 163.5m Two holes, TAN17-DD162 & 163, are in progress targeting deeper mineralisation at approximately 450-500m vertical below surface. Figure 1 shows the anticipated intercept points of both based on surveys to date. Both holes should be completed within the next week. Also ground magnetic and IP geophysical surveys covering the M1, M3 and southern M5 areas is nearing completion. It is expected that data will be available for interpretation by mid-September. A summary long-section through the M1 South is presented as Figure 1, along with a cross-section and drill plan as figures 2 and 3. Photo 1: TAN17-DD110A- WD1 Visible gold at 423m 79.7 g/t Au [[IMAGE]] Photo 2: TAN17-DD111- WD1 Visible gold at 456.5m 320 g/t Au [[IMAGE]] Figure 1: M1 South Long Section (/sites/default/files/NR/661/18607_WAfricanFig1.png) Figure 2: M1 South Section SE425 [[IMAGE]] Figure 3: M1 South Drilling Summary Plan [[IMAGE]] Figure 4: Sanbrado Gold Project Mineralised Trends and Prospect Locations (/sites/default/files/NR/661/18607_WAfricanFig4.png) [[TABLE]] [[TABLE]] * denotes ending in mineralisation All holes are RC and diamond holes. All reported intersections from the current 2017 program are assayed at 1m intervals for M5 and 0.5m for M1 where possible. Sample preparation and Fire Assay conducted by BIGS Ouagadougou or SGS Ouagadougou. Assayed by 50g fire assay with AAS finish. All samples>5 g/t Au are checked by 50g fire assay with gravimetric finish. Mineralised intervals for RC reported >1g/t Au with a maximum of 5 m of internal dilution of less than 0.5/t gold. No top cut applied. Mineralised intervals for DD reported >1g/t Au with a maximum of 5 m of internal dilution of less than 1/t gold. No top cut applied. Higher grade intervals reported >50 g/t Au with a maximum of 1 m of internal dilution of less than 50g/t Au. Sample preparation and Fire Assay conducted by BIGS Ouagadougou. Assayed by 50g fire assay with AAS finish. QA/QC protocol: For RC samples we insert one blank, one standard and one duplicate for every 17 samples (3 QA/QC within every 20 samples). Competent Persons and Qualified Persons Statement Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear. Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com (http://www.sedar.com). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
HTML Completed News Release : 

West African hits 320 g/t Au at M1 South



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

 

Highlights

 

  • High-grade results from depth at M1 South;
    • 16.5m at 14.78 g/t Au from 446.5m, including 0.5m at 320 g/t Au
    • 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au
    • 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au
    • 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au
  • Three drill rigs currently on-site double shifting, infilling and extending mineralisation
  • Ground geophysical survey nearing completion targeting additional M1-style mineralisation
  • Resource update on track for Q3 2017 and updated Feasibility Study in mid-2018
  • Funded to complete all work programs with approximately $29m cash at bank

 

Managing Director Richard Hyde commented:

 

“M1 South has returned further high-grade results including 0.5m at 320 g/t Au within 16.5m at 14.78 g/t Au in TAN17-DD111-WD1, up dip of parent hole TAN17-DD111.

 

“Deep drilling at M1 South is also underway with drilling designed to intersect mineralisation at 500m vertical depth.

 

“The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs.”

 

 

M1 South Drilling Program

 

Drilling for the upcoming resource estimate update for M1 and M5 has been completed with remaining assays expected over the next two weeks. Infill drilling from wedge holes TAN17-DD110A-WD1 and TAN17-DD111-WD1 have confirmed the continuity of the high-grade gold mineralisation at M1 South. Significant results from recent drilling include:

 

  • TAN17-DD110A-WD1: 4m at 21.45 g/t Au from 421.5m, including0.5m at 79.7 g/t Au
  • TAN17-DD110A-WD1: 3m at 29.52 g/t Au from 434m, including0.5m at 127 g/t Au
  • TAN17-DD111-WD1: 4m at 11.02 g/t Au from 404.5m, including0.5m at 47 g/t Au
  • TAN17-DD111-WD1: 3m at 14.49 g/t Au from 417m, including0.5m at 73.9 g/t Au
  • TAN17-DD111-WD1: 16.5m at 14.78 g/t Au from 446.5m, including 2.5m at 79.9 g/t Au(including 0.5m at 320 g/t Au )

 

Drilling along strike targeting additional shoots has returned mixed results. Three holes are still pending (TAN17-DD154, 158 and 160 see Figure 1) and further work remains to be done on the geological model.  Significant results include:

 

  • TAN17-DD135 1.5m at 91.76 g/t Au from 155m, including0.5m at 215.6 g/t Au
  • TAN17-DD140 1m at 8.52 g/t Au from 115m
  • TAN17-DD140 3m at 2.62 g/t Au from 262m
  • TAN17-DD141 3.5m at 15.79 g/t Au from 347m, including0.5m at 64 g/t Au
  • TAN17-DD144 5.5m at 5.81 g/t Au from 174m
  • TAN17-DD146 2.5m at 3.03 g/t Au from 179.5m

 

Previous results from the 2017 drilling program that commenced after the February open pit Feasibility Study at M1 South include:

 

  • TAN17-DD104:  11m at 20.4 g/t Au from 286m, including2m at 101.71 g/t Au
  • TAN17-DD107:  8.5m at 37.98 g/t Au from 296.5m, including1m at 260.93 g/t Au
  • TAN17-DD109:  29.5m at 20.67 g/t Au from 349.5m, including 1.5m at 250.29 g/t Au
  • TAN17-DD109:  9.5m at 7.78 g/t Au from 385m, including1m at 61.14 g/t Au
  • TAN17-DD110A:  22m at 10.52 g/t Au from 373.5m, including 1.5m at 61.71 g/t Au
  • TAN17-DD110A:  15m at 12.4 g/t Au from 431.5m, including2.5m at 57.6 g/t Au
  • TAN17-DD111 21m at 53.13 g/t Au from 408.5m, including0.5m at 1,613.41 g/t Au
  • TAN17-DD111 14.5m at 38.27 g/t Au from 459m, including4.5m at 104.16 g/t Au
  • TAN17-DD128: 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m
  • TAN17-DD129: 2.5m at 24.4 g/t Au from 162m, including0.5m at 64.9 g/t Au from 163.5m

Two holes, TAN17-DD162 & 163, are in progress targeting deeper mineralisation at approximately 450-500m vertical below surface.  Figure 1 shows the anticipated intercept points of both based on surveys to date.  Both holes should be completed within the next week.  Also ground magnetic and IP geophysical surveys covering the M1, M3 and southern M5 areas is nearing completion.  It is expected that data will be available for interpretation by mid-September. A summary long-section through the M1 South is presented as Figure 1, along with a cross-section and drill plan as figures 2 and 3.

 

Photo 1: TAN17-DD110A- WD1 – Visible gold at 423m – 79.7 g/t Au

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

To view the graphic in its original size, please click here

 

Photo 2: TAN17-DD111- WD1 – Visible gold at 456.5m – 320 g/t Au

To view the graphic in its original size, please click here

 
 

Figure 1: M1 South – Long Section

To view the graphic in its original size, please click here

 

Figure 2: M1 South – Section SE425

To view the graphic in its original size, please click here

 

Figure 3: M1 South – Drilling Summary Plan

To view the graphic in its original size, please click here

 

Figure 4: Sanbrado Gold Project – Mineralised Trends and Prospect Locations

To view the graphic in its original size, please click here

 

Table 1

Significant Intercepts 1g/t Cut Off M1

Hole ID

From

To

Interval

Au g/t

Dip

Azi

EOH

Easting

Northing

RL

Section

Prospect

TAN17-DD102

353

379

26

12.71

-50

120

477

742057

1336386

296

SW0650

M5

TAN17-DD102

400

429

29

2.45

-50

120

477

742057

1336386

296

SW0650

M5

TAN17-DD103

20

28

8

2.15

-50

120

191

742408

1336529

294

SW0350

M5

TAN17-DD104

286

297

11

20.4

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD104

315

323

8

5.14

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD105B

66

73

7

1.45

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD105B

140

148

8

1.34

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD105B

179

186

7

3.3

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD106

327.5

338

10.5

2.28

-50

225

399

741754

1337075

300

SE0450

M1S

TAN17-DD107

296.5

305

8.5

37.98

-50

225

369

741720

1337074

301

SE0425

M1S

TAN17-DD107

315.5

342.5

27

3.73

-50

225

369

741720

1337074

301

SE0425

M1S

TAN17-DD109

349.5

379

29.5

20.67

-50

225

450

741756

1337108

300

SE0425

M1S

TAN17-DD109

385

394.5

9.5

7.78

-50

225

450

741756

1337108

300

SE0425

M1S

TAN17-DD110A

373.5

395.5

22

10.52

-50

225

486

741789

1337109

299

SE0450

M1S

TAN17-DD110A

431.5

446.5

15

12.4

-50

225

486

741789

1337109

299

SE0450

M1S

TAN17-DD111

237

238

1

5.43

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

408.5

429.5

21

53.13

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

459

473.5

14.5

38.27

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD112

162

172

10

1.5

-50

120

200

742548

1336739

294

SW0100

M5

TAN17-DD113

102

110

8

2.06

-50

120

212

742563

1336784

293

SW0050

M5

TAN17-DD113

164

169

5

1.35

-50

120

212

742563

1336784

293

SW0050

M5

TAN17-DD116

178

198

20

2.09

-50

120

247

742701

1336992

291

NE0200

M5

TAN17-DD118

320

356.5

36.5

2.53

-50

120

399

741975

1336274

296

SW0800

M5

TAN17-DD120A

335

337

2

4.18

-50

225

391

741654

1337253

301

SE0250

M1S

TAN17-DD121

107.5

109

1.5

5.53

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD121

154

155

1

8.47

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD121

187

207

20

1.52

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD122

240

280.5

40.5

1.39

-50

120

301

742056

1336276

295

SW0750

M5

TAN17-DD123

176.5

178

1.5

6.48

-50

225

220

741631

1337020

302

SE0400

M1S

TAN17-DD123

184

187

3

4.11

-50

225

220

741631

1337020

302

SE0400

M1S

TAN17-DD124

291

294

3

1.83

-50

120

361

742013

1336302

296

SW0750

M5

TAN17-DD124

329

338

9

1.3

-50

120

361

742013

1336302

296

SW0750

M5

TAN17-DD125

212

213

1

7.98

-50

225

319

741618

1337188

301

SE0275

M1S

TAN17-DD125

265.5

267

1.5

9.18

-50

225

319

741618

1337188

301

SE0275

M1S

TAN17-DD126

211

223

12

3.35

-50

120

239

742119

1336285

295

SW0700

M5

TAN17-DD127

298.5

335.5

37

2.4

-50

120

387

742089

1336366

296

SW0650

M5

TAN17-DD127

341.5

367

25.5

1.92

-50

120

387

742089

1336366

296

SW0650

M5

TAN17-DD128

254

256.5

2.5

58.88

-50

225

289

741676

1337063

302

SE0400

M1S

TAN17-DD129

162

164.5

2.5

24.35

-50

225

244.2

741549

1337252

302

SE0175

M1S

TAN17-DD135

155

156.5

1.5

91.76

-50

225

223.1

741625

1337051

302

SE0375

M1S

TAN17-DD140

115

116

1

8.52

-50

120

330.1

742218

1336458

296

SW0500

M1S

TAN17-DD140

262

265

3

2.62

-50

120

330.1

742218

1336458

296

SW0500

M1S

TAN17-DD141

347

350.5

3.5

15.79

-50

225

402.8

741721

1337112

301

SE0400

M1S

TAN17-DD144

174

179.5

5.5

5.81

-50

225

231.9

741580

1337148

303

SE0275

M1S

TAN17-DD146

179.5

182

2.5

3.03

-50

225

252.9

741549

1337286

303

SE0150

M1S

TAN17-DD110A-WD1

421.5

425.5

4

21.45

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD110A-WD1

434

437

3

29.52

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD111-WD1

404.5

408.5

4

11.02

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

417

420

3

14.49

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

446.5

463

16.5

14.78

-50

225

483.3

741793

1337143

297

SE0425

M1S

 

 

 

Table 2

Significant Intercepts 50g/t Cut Off

Hole ID

From

To

Interval

Au g/t

Dip

Azi

EOH

Easting

Northing

RL

Section

Prospect

TAN17-DD104

295

297

2

101.71

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD107

296.5

297.5

1

260.93

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD107

299

299.5

0.5

55.12

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD107

335

335.5

0.5

63.45

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD109

350

351.5

1.5

250.29

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD109

370

371

1

149.61

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD109

385.5

386.5

1

61.14

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD110A

383.5

384

0.5

72.31

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD110A

394

395.5

1.5

61.71

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD110A

437

439.5

2.5

57.60

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD111

414

415

1

1,071.9

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

464.5

469

4.5

104.2

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD128

256

256.5

0.5

280.31

-50

225

289

741676

1337063

302

SE0400

M1S

TAN17-DD129

163.5

164

0.5

64.85

-52

225

244

741549

1337252

302

SE0175

M1S

TAN17-DD135

155.5

156

0.5

215.598

-51

225

223.1

741625

1337051

302

SE0375

M1S

TAN17-DD141

347.5

348

0.5

64

-54

225

402.8

741721

1337112

301

SE0400

M1S

TAN17-DD110A-WD1

422.5

423

0.5

79.7

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD110A-WD1

434.5

435

0.5

127

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD111-WD1

417

417.5

0.5

73.9

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

456.5

459

2.5

79.9

-50

225

483.3

741793

1337143

297

SE0425

M1S

  • * denotes ending in mineralisation
  • All holes are RC and diamond holes.
  • All reported intersections from the current 2017 program are assayed at 1m intervals for M5 and 0.5m for M1 where possible.
  • Sample preparation and Fire Assay conducted by BIGS Ouagadougou or SGS Ouagadougou. Assayed by 50g fire assay with AAS finish. All samples >5 g/t Au are checked by 50g fire assay with gravimetric finish.
  • Mineralised intervals for RC reported >1g/t Au with a maximum of 5 m of internal dilution of less than 0.5/t gold. No top cut applied. 
  • Mineralised intervals for DD reported >1g/t Au with a maximum of 5 m of internal dilution of less than 1/t gold. No top cut applied.  Higher grade intervals reported >50 g/t Au with a maximum of 1 m of internal dilution of less than 50g/t Au.
  • Sample preparation and Fire Assay conducted by BIGS Ouagadougou. Assayed by 50g fire assay with AAS finish.
  • QA/QC protocol: For RC samples we insert one blank, one standard and one duplicate for every 17 samples (3 QA/QC within every 20 samples).

 

Competent Persons and Qualified Persons Statement

 

Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear.

 

 

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/WAfricanBAug232017.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

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ASCII Completed News Release: 
West African hits 320 g/t Au at M1 South Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights High-grade results from depth at M1 South; 16.5m at 14.78 g/t Au from 446.5m, including 0.5m at 320 g/t Au 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au Three drill rigs currently on-site double shifting, infilling and extending mineralisation Ground geophysical survey nearing completion targeting additional M1-style mineralisation Resource update on track for Q3 2017 and updated Feasibility Study in mid-2018 Funded to complete all work programs with approximately $29m cash at bank Managing Director Richard Hyde commented: M1 South has returned further high-grade results including 0.5m at 320 g/t Au within 16.5m at 14.78 g/t Au in TAN17-DD111-WD1, up dip of parent hole TAN17-DD111. Deep drilling at M1 South is also underway with drilling designed to intersect mineralisation at 500m vertical depth. The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs. M1 South Drilling Program Drilling for the upcoming resource estimate update for M1 and M5 has been completed with remaining assays expected over the next two weeks. Infill drilling from wedge holes TAN17-DD110A-WD1 and TAN17-DD111-WD1 have confirmed the continuity of the high-grade gold mineralisation at M1 South. Significant results from recent drilling include: TAN17-DD110A-WD1: 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au TAN17-DD110A-WD1: 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au TAN17-DD111-WD1: 4m at 11.02 g/t Au from 404.5m, including 0.5m at 47 g/t Au TAN17-DD111-WD1: 3m at 14.49 g/t Au from 417m, including 0.5m at 73.9 g/t Au TAN17-DD111-WD1: 16.5m at 14.78 g/t Au from 446.5m, including 2.5m at 79.9 g/t Au (including 0.5m at 320 g/t Au ) Drilling along strike targeting additional shoots has returned mixed results. Three holes are still pending (TAN17-DD154, 158 and 160 see Figure 1) and further work remains to be done on the geological model. Significant results include: TAN17-DD135 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au TAN17-DD140 1m at 8.52 g/t Au from 115m TAN17-DD140 3m at 2.62 g/t Au from 262m TAN17-DD141 3.5m at 15.79 g/t Au from 347m, including 0.5m at 64 g/t Au TAN17-DD144 5.5m at 5.81 g/t Au from 174m TAN17-DD146 2.5m at 3.03 g/t Au from 179.5m Previous results from the 2017 drilling program that commenced after the February open pit Feasibility Study at M1 South include: TAN17-DD104: 11m at 20.4 g/t Au from 286m, including 2m at 101.71 g/t Au TAN17-DD107: 8.5m at 37.98 g/t Au from 296.5m, including 1m at 260.93 g/t Au TAN17-DD109: 29.5m at 20.67 g/t Au from 349.5m, including 1.5m at 250.29 g/t Au TAN17-DD109: 9.5m at 7.78 g/t Au from 385m, including 1m at 61.14 g/t Au TAN17-DD110A: 22m at 10.52 g/t Au from 373.5m, including 1.5m at 61.71 g/t Au TAN17-DD110A: 15m at 12.4 g/t Au from 431.5m, including 2.5m at 57.6 g/t Au TAN17-DD111 21m at 53.13 g/t Au from 408.5m, including 0.5m at 1,613.41 g/t Au TAN17-DD111 14.5m at 38.27 g/t Au from 459m, including 4.5m at 104.16 g/t Au TAN17-DD128: 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m TAN17-DD129: 2.5m at 24.4 g/t Au from 162m, including 0.5m at 64.9 g/t Au from 163.5m Two holes, TAN17-DD162 & 163, are in progress targeting deeper mineralisation at approximately 450-500m vertical below surface. Figure 1 shows the anticipated intercept points of both based on surveys to date. Both holes should be completed within the next week. Also ground magnetic and IP geophysical surveys covering the M1, M3 and southern M5 areas is nearing completion. It is expected that data will be available for interpretation by mid-September. A summary long-section through the M1 South is presented as Figure 1, along with a cross-section and drill plan as figures 2 and 3. Photo 1: TAN17-DD110A- WD1 Visible gold at 423m 79.7 g/t Au [[IMAGE]] Photo 2: TAN17-DD111- WD1 Visible gold at 456.5m 320 g/t Au [[IMAGE]] Figure 1: M1 South Long Section (/sites/default/files/NR/661/18607_WAfricanFig1.png) Figure 2: M1 South Section SE425 [[IMAGE]] Figure 3: M1 South Drilling Summary Plan [[IMAGE]] Figure 4: Sanbrado Gold Project Mineralised Trends and Prospect Locations (/sites/default/files/NR/661/18607_WAfricanFig4.png) [[TABLE]] [[TABLE]] * denotes ending in mineralisation All holes are RC and diamond holes. All reported intersections from the current 2017 program are assayed at 1m intervals for M5 and 0.5m for M1 where possible. Sample preparation and Fire Assay conducted by BIGS Ouagadougou or SGS Ouagadougou. Assayed by 50g fire assay with AAS finish. All samples>5 g/t Au are checked by 50g fire assay with gravimetric finish. Mineralised intervals for RC reported >1g/t Au with a maximum of 5 m of internal dilution of less than 0.5/t gold. No top cut applied. Mineralised intervals for DD reported >1g/t Au with a maximum of 5 m of internal dilution of less than 1/t gold. No top cut applied. Higher grade intervals reported >50 g/t Au with a maximum of 1 m of internal dilution of less than 50g/t Au. Sample preparation and Fire Assay conducted by BIGS Ouagadougou. Assayed by 50g fire assay with AAS finish. QA/QC protocol: For RC samples we insert one blank, one standard and one duplicate for every 17 samples (3 QA/QC within every 20 samples). Competent Persons and Qualified Persons Statement Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear. Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com (http://www.sedar.com). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: https://ww4.fscwire.com/sites/default/files/news_release_pdf/WAfricanBAug232017.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
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West African hits 320 g/t Au at M1 South
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West African hits 116 g/t Au at M5

September 5, 2017, 5:56 pm
$
0
0

Company:

Scheduled Release Time: 
Tuesday, September 05, 2017 - 9:12 PM EDT
ASCII Headline: 
West African hits 116 g/t Au at M5
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

Managing Director Richard Hyde commented:

“Diamond drilling at M5 has extended high-grade mineralisation a further 70m down dip at M5 with TAN17-DD156A returning 8m at 17.5 g/t Au from 452m TAN17-DD156A including 1m at 116 g/t Au.


“This result is located 70m down-dip of TAN17-DD102 which returned 26m at 12.7 g/t Au. Mineralisation is open at depth and along strike.

“Visible gold has also been intercepted in deep drilling in TAN17-DD-162 at 585m downhole,  indicating the high-grade M1 South system remains fertile and open at depth.

“The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs.”

Highlights

 

  • High-grade results from M5;


- 8m at 17.5 g/t Au from 452m including 1m at 116 g/t Au and 1m at 17.4 g/t Au


- 21m at 2.30 g/t Au from 514m including 2m at 4.6 g/t Au

 

  • Visible gold intercepted in deep drilling at M1 South

 

  • Three drill rigs currently on-site double shifting, infilling and extending mineralisation

 

  • Ground geophysical survey completed – results pending

 

  • Resource update on track for Q3 2017 and updated Feasibility Study in mid-2018

 

  • Funded to complete all work programs with $28.5m cash at bank

 

Click here for the full ASX announcement

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Managing Director Richard Hyde commented: Diamond drilling at M5 has extended high-grade mineralisation a further 70m down dip at M5 with TAN17-DD156A returning 8m at 17.5 g/t Au from 452m TAN17-DD156A including 1m at 116 g/t Au. This result is located 70m down-dip of TAN17-DD102 which returned 26m at 12.7 g/t Au. Mineralisation is open at depth and along strike. Visible gold has also been intercepted in deep drilling in TAN17-DD-162 at 585m downhole, indicating the high-grade M1 South system remains fertile and open at depth. The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs. Highlights High-grade results from M5; - 8m at 17.5 g/t Au from 452m including 1m at 116 g/t Au and 1m at 17.4 g/t Au - 21m at 2.30 g/t Au from 514m including 2m at 4.6 g/t Au Visible gold intercepted in deep drilling at M1 South Three drill rigs currently on-site double shifting, infilling and extending mineralisation Ground geophysical survey completed results pending Resource update on track for Q3 2017 and updated Feasibility Study in mid-2018 Funded to complete all work programs with $28.5m cash at bank Click here for the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jlikhlky-qyhlitldk-y/)
HTML Completed News Release : 

West African hits 116 g/t Au at M5



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

Managing Director Richard Hyde commented:

“Diamond drilling at M5 has extended high-grade mineralisation a further 70m down dip at M5 with TAN17-DD156A returning 8m at 17.5 g/t Au from 452m TAN17-DD156A including 1m at 116 g/t Au.


“This result is located 70m down-dip of TAN17-DD102 which returned 26m at 12.7 g/t Au. Mineralisation is open at depth and along strike.

“Visible gold has also been intercepted in deep drilling in TAN17-DD-162 at 585m downhole,  indicating the high-grade M1 South system remains fertile and open at depth.

“The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs.”

Highlights

 

  • High-grade results from M5;


- 8m at 17.5 g/t Au from 452m including 1m at 116 g/t Au and 1m at 17.4 g/t Au


- 21m at 2.30 g/t Au from 514m including 2m at 4.6 g/t Au

 

  • Visible gold intercepted in deep drilling at M1 South

 

  • Three drill rigs currently on-site double shifting, infilling and extending mineralisation

 

  • Ground geophysical survey completed – results pending

 

  • Resource update on track for Q3 2017 and updated Feasibility Study in mid-2018

 

  • Funded to complete all work programs with $28.5m cash at bank

 

Click here for the full ASX announcement





Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. http://www.fscwire.com

 

Copyright © 2017 Filing Services Canada Inc.





ASCII Completed News Release: 
West African hits 116 g/t Au at M5 Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Managing Director Richard Hyde commented: Diamond drilling at M5 has extended high-grade mineralisation a further 70m down dip at M5 with TAN17-DD156A returning 8m at 17.5 g/t Au from 452m TAN17-DD156A including 1m at 116 g/t Au. This result is located 70m down-dip of TAN17-DD102 which returned 26m at 12.7 g/t Au. Mineralisation is open at depth and along strike. Visible gold has also been intercepted in deep drilling in TAN17-DD-162 at 585m downhole, indicating the high-grade M1 South system remains fertile and open at depth. The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs. Highlights High-grade results from M5; - 8m at 17.5 g/t Au from 452m including 1m at 116 g/t Au and 1m at 17.4 g/t Au - 21m at 2.30 g/t Au from 514m including 2m at 4.6 g/t Au Visible gold intercepted in deep drilling at M1 South Three drill rigs currently on-site double shifting, infilling and extending mineralisation Ground geophysical survey completed results pending Resource update on track for Q3 2017 and updated Feasibility Study in mid-2018 Funded to complete all work programs with $28.5m cash at bank Click here for the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jlikhlky-qyhlitldk-y/) Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
Location: 
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West African hits 116 g/t Au at M5
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  • ISIN
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Requested Date: 
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↧

West African to Present at the 2017 Precious Metals Summit in Beaver Creek, Colorado

September 19, 2017, 7:37 pm
$
0
0

Company:

Scheduled Release Time: 
Tuesday, September 19, 2017 - 10:50 PM EDT
ASCII Headline: 
West African to Present at the 2017 Precious Metals Summit in Beaver Creek, Colorado
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that the Company is participating in the 2017 Precious Metals Summit in Beaver Creek, Colorado.

 

Richard Hyde, Managing Director of West African Resources, delivered a corporate update at the conference on Tuesday, September 19, 2017, at 16:00 p.m. ET. 

 

The presentation will be posted to the Company’s website www.westafricanresources.com

 

Competent Persons and Qualified Persons Statement

 

Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear.

 

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that the Company is participating in the 2017 Precious Metals Summit inBeaver Creek, Colorado. Richard Hyde, Managing Director of West African Resources, delivered a corporate update at the conference onTuesday, September 19, 2017, at16:00 p.m. ET. The presentation will be posted to the Companys website www.westafricanresources.com (http://www.westafricanresources.com) Competent Persons and Qualified Persons Statement Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear. Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
HTML Completed News Release : 

West African to Present at the 2017 Precious Metals Summit in Beaver Creek, Colorado



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that the Company is participating in the 2017 Precious Metals Summit in Beaver Creek, Colorado.

 

Richard Hyde, Managing Director of West African Resources, delivered a corporate update at the conference on Tuesday, September 19, 2017, at 16:00 p.m. ET. 

 

The presentation will be posted to the Company’s website www.westafricanresources.com

 

Competent Persons and Qualified Persons Statement

 

Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear.

 

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/WestAfrican09192017.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. http://www.fscwire.com

 

Copyright © 2017 Filing Services Canada Inc.





ASCII Completed News Release: 
West African to Present at the 2017 Precious Metals Summit in Beaver Creek, Colorado Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that the Company is participating in the 2017 Precious Metals Summit inBeaver Creek, Colorado. Richard Hyde, Managing Director of West African Resources, delivered a corporate update at the conference onTuesday, September 19, 2017, at16:00 p.m. ET. The presentation will be posted to the Companys website www.westafricanresources.com (http://www.westafricanresources.com) Competent Persons and Qualified Persons Statement Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear. Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: https://fscwire.com/sites/default/files/news_release_pdf/WestAfrican09192017.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
Location: 
Scarborough , Australia
HTML News Headline: 
West African to Present at the 2017 Precious Metals Summit in Beaver Creek, Colorado
PDF File: 
PDF iconWestAfrican09192017.pdf
On Hold?: 
No

FSC Industry Code:

Tickers: 
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WAF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
Approve News Release?: 
Yes
Edit Type: 
Disseminate
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No
Requested Date: 
Tuesday, September 19, 2017 - 10:31pm

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Fax Dissemination: 
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Status:

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Complete: 
No
SEDAR Filing: 
Yes
EDGAR Filing: 
No
Complete: 
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Complete: 
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Is billing required for any service listed below? : 
Yes
One Off Dissemination?: 
Yes
Number of Words: 
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Graphics Hosting: 
No
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After Hours: 
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Client is aware that it's two pages; however, the news release is only two lines over one page.
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↧
Search

West African hits 7.5m at 15.2 g/t Au including 2.5m at 37.8 g/t Au at M1 South

October 11, 2017, 7:17 pm
$
0
0

Company:

Scheduled Release Time: 
Wednesday, October 11, 2017 - 10:28 PM EDT
ASCII Headline: 
West African hits 7.5m at 15.2 g/t Au including 2.5m at 37.8 g/t Au at M1 South
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • High-grade results from depth at M1 South include;
    • 7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au
    • 5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au
    • 3m at 9.7 g/t Au from 579.5m
    • 1.5m at 14.1 g/t Au from 547m
  • Three drill rigs currently on-site double shifting, infilling and extending mineralisation
  • Ground geophysical survey completed – data processing in progress
  • Resource update completion by end of October and updated Feasibility Study in mid-2018
  • Funded to complete all work programs with approximately $26m cash at bank

 

Managing Director Richard Hyde commented:

“Deep drilling at M1 South has intercepted high grade mineralisation at more than 450 vertical metres below surface. Mineralisation remains open along strike to the northwest and at depth.

“TAN17-DD162 intercepted 5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au which is the deepest result to date.  TAN17-DD165 intercepted 7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au.

“The Company will deliver a resource update in the coming weeks, and an updated Feasibility Study in mid-2018.”

 

M1 South Drilling Program

 

Deep drilling at M1 South has intercepted high grade mineralisation demonstrating the M1 South structure remains wide open at depth and along strike to the northwest (Figure 1).  TAN17-DD162 on section SE400 is the deepest result to date taking mineralisation 450m below surface. TAN17-DD165 intercepted high-grade mineralisation as well 25m along strike to the northwest on section SE375.  Drilling is ongoing, infilling and extending mineralisation, with two contract diamond rigs double shifting.

 

The Company will deliver a resource update in the coming weeks, incorporating results from TAN17-DD162 and TAN17-DD165.  The Company will accelerate drilling again with at least 6 drill rigs from early November, for the duration 2017-18 field season (Nov 17-July 18).

 

Detail ground magnetics and IP surveys have been completed and data is currently being processed.

 

Drill planning is currently underway and a further exploration and drilling update will be made in early November, once data from the geophysical surveys and a structural study have been reviewed.  The Company expects to release an additional resource update in Q2 2018 ahead of completing and an updated Feasibility Study in mid-2018.

 

Significant results from recent drilling include:

 

  • TAN17-DD162: 5.5m at 10.78 g/t Au from 584.5m, including 1m at 41.7 g/t Au
  • TAN17-DD162: 2m at 9.02 g/t Au from 611.5m
  • TAN17-DD163: 1m at 7.58 g/t Au from 502m
  • TAN17-DD163: 3m at 9.68 g/t Au from 579.5m
  • TAN17-DD164A: 1.5m at 14.11 g/t Au from 547m
  • TAN17-DD165: 0.5m at 19.9 g/t Au from 548.5m
  • TAN17-DD165: 7.5m at 15.22 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au

 

Previous results from the 2017 drilling program, that commenced after the February resource and open pit Feasibility Study at M1 South include:

 

  • TAN17-DD104:  11m at 20.4 g/t Au from 286m, including2m at 101.71 g/t Au
  • TAN17-DD107:  8.5m at 37.98 g/t Au from 296.5m, including1m at 260.93 g/t Au
  • TAN17-DD109:  29.5m at 20.67 g/t Au from 349.5m, including 1.5m at 250.29 g/t Au
  • TAN17-DD110A:  22m at 10.52 g/t Au from 373.5m, including 1.5m at 61.71 g/t Au
  • TAN17-DD110A:  15m at 12.4 g/t Au from 431.5m, including2.5m at 57.6 g/t Au
  • TAN17-DD111:  21m at 53.13 g/t Au from 408.5m, including0.5m at 1,613.41 g/t Au
  • TAN17-DD111:  14.5m at 38.27 g/t Au from 459m, including4.5m at 104.16 g/t Au
  • TAN17-DD128:  2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m
  • TAN17-DD135:  1.5m at 91.76 g/t Au from 155m, including0.5m at 215.6 g/t Au

 

A summary long-section through the M1 South is presented as Figure 1, along with a cross-section and drill plan as figure 2

 

Figure 1: M1 South – Long Section

To view the graphic in its original size, please click here

 

Figure 2: M1 South – Section SE375

To view the graphic in its original size, please click here

 

Figure 3: Sanbrado Gold Project – Mineralised Trends and Prospect Locations

To view the graphic in its original size, please click here

 

Table 1

Significant Intercepts 1g/t Cut Off

Hole ID

From

To

Interval

Au g/t

Dip

Azi

EOH

Easting

Northing

RL

Section

Prospect

TAN17-DD102

353

379

26

12.71

-50

120

477

742057

1336386

296

SW0650

M5

TAN17-DD102

400

429

29

2.45

-50

120

477

742057

1336386

296

SW0650

M5

TAN17-DD103

20

28

8

2.15

-50

120

191

742408

1336529

294

SW0350

M5

TAN17-DD104

286

297

11

20.4

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD104

315

323

8

5.14

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD105B

66

73

7

1.45

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD105B

140

148

8

1.34

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD105B

179

186

7

3.3

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD106

327.5

338

10.5

2.28

-50

225

399

741754

1337075

300

SE0450

M1S

TAN17-DD107

296.5

305

8.5

37.98

-50

225

369

741720

1337074

301

SE0425

M1S

TAN17-DD107

315.5

342.5

27

3.73

-50

225

369

741720

1337074

301

SE0425

M1S

TAN17-DD109

349.5

379

29.5

20.67

-50

225

450

741756

1337108

300

SE0425

M1S

TAN17-DD109

385

394.5

9.5

7.78

-50

225

450

741756

1337108

300

SE0425

M1S

TAN17-DD110A

373.5

395.5

22

10.52

-50

225

486

741789

1337109

299

SE0450

M1S

TAN17-DD110A

431.5

446.5

15

12.4

-50

225

486

741789

1337109

299

SE0450

M1S

TAN17-DD111

237

238

1

5.43

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

408.5

429.5

21

53.13

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

459

473.5

14.5

38.27

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD112

162

172

10

1.5

-50

120

200

742548

1336739

294

SW0100

M5

TAN17-DD113

102

110

8

2.06

-50

120

212

742563

1336784

293

SW0050

M5

TAN17-DD113

164

169

5

1.35

-50

120

212

742563

1336784

293

SW0050

M5

TAN17-DD116

178

198

20

2.09

-50

120

247

742701

1336992

291

NE0200

M5

TAN17-DD118

320

356.5

36.5

2.53

-50

120

399

741975

1336274

296

SW0800

M5

TAN17-DD120A

335

337

2

4.18

-50

225

391

741654

1337253

301

SE0250

M1S

TAN17-DD121

107.5

109

1.5

5.53

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD121

154

155

1

8.47

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD121

187

207

20

1.52

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD122

240

280.5

40.5

1.39

-50

120

301

742056

1336276

295

SW0750

M5

TAN17-DD123

176.5

178

1.5

6.48

-50

225

220

741631

1337020

302

SE0400

M1S

TAN17-DD123

184

187

3

4.11

-50

225

220

741631

1337020

302

SE0400

M1S

TAN17-DD124

291

294

3

1.83

-50

120

361

742013

1336302

296

SW0750

M5

TAN17-DD124

329

338

9

1.3

-50

120

361

742013

1336302

296

SW0750

M5

TAN17-DD125

212

213

1

7.98

-50

225

319

741618

1337188

301

SE0275

M1S

TAN17-DD125

265.5

267

1.5

9.18

-50

225

319

741618

1337188

301

SE0275

M1S

TAN17-DD126

211

223

12

3.35

-50

120

239

742119

1336285

295

SW0700

M5

TAN17-DD127

298.5

335.5

37

2.4

-50

120

387

742089

1336366

296

SW0650

M5

TAN17-DD127

341.5

367

25.5

1.92

-50

120

387

742089

1336366

296

SW0650

M5

TAN17-DD128

254

256.5

2.5

58.88

-50

225

289

741676

1337063

302

SE0400

M1S

TAN17-DD129

162

164.5

2.5

24.35

-50

225

244.2

741549

1337252

302

SE0175

M1S

TAN17-DD135

155

156.5

1.5

91.76

-50

225

223.1

741625

1337051

302

SE0375

M1S

TAN17-DD140

115

116

1

8.52

-50

120

330.1

742218

1336458

296

SW0500

M1S

TAN17-DD140

262

265

3

2.62

-50

120

330.1

742218

1336458

296

SW0500

M1S

TAN17-DD141

347

350.5

3.5

15.79

-50

225

402.8

741721

1337112

301

SE0400

M1S

TAN17-DD144

174

179.5

5.5

5.81

-50

225

231.9

741580

1337148

303

SE0275

M1S

TAN17-DD146

179.5

182

2.5

3.03

-50

225

252.9

741549

1337286

303

SE0150

M1S

TAN17-DD110A-WD1

421.5

425.5

4

21.45

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD110A-WD1

434

437

3

29.52

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD111-WD1

404.5

408.5

4

11.02

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

417

420

3

14.49

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

446.5

463

16.5

14.78

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD148

116

119

3

6.11

-55

120

496.9

741932.9

1336347

298.3

SW0750

M5

TAN17-DD148

131

132

1

5.83

-55

120

496.9

741932.9

1336347

298.3

SW0750

M5

TAN17-DD148

454

469

15

1.09

-55

120

496.9

741932.9

1336347

298.3

SW0750

M5

TAN17-DD149A

185

196

11

1.29

-55

120

495.5

741963.6

1336377

297.9

SW0700

M5

TAN17-DD149A

447

457

10

1.8

-55

120

495.5

741963.6

1336377

297.9

SW0700

M5

TAN17-DD154

222

223

1

15.4

-53

225

381.3

741627.8

1337292

301.9

SE0200

M1S

TAN17-DD154

277

278.5

1.5

22.83

-53

225

381.3

741627.8

1337292

301.9

SE0200

M1S

TAN17-DD156A

452

460

8

17.5

-55

120

545.1

741993

1336422

298

SW0650

M5

TAN17-DD156A

492

497

5

2.07

-55

120

545.1

741993

1336422

298

SW0650

M5

TAN17-DD156A

504

509

5

1.75

-55

120

545.1

741993

1336422

298

SW0650

M5

TAN17-DD157

380

383

3

3.93

-55

120

481.8

742069.3

1336429

297.3

SW0600

M5

TAN17-DD157

409

410

1

5.36

-55

120

481.8

742069.3

1336429

297.3

SW0600

M5

TAN17-DD157

436

440

4

1.47

-55

120

481.8

742069.3

1336429

297.3

SW0600

M5

TAN17-DD159A

330

331

1

18.9

-55

120

420.1

742130.2

1336434

296.6

SW0550

M5

TAN17-DD159A

368

372

4

1.37

-55

120

420.1

742130.2

1336434

296.6

SW0550

M5

TAN17-DD160

272.5

273.5

1

10.53

-52

225

312.5

741602.9

1337340

302.9

SE0150

M1S

TAN17-DD162

525

526

1

23.35

-55

230

666.6

741880

1337215

299.8

SE0425

M1S

TAN17-DD162

584.5

590

5.5

10.78

-55

230

666.6

741880

1337215

299.8

SE0425

M1S

TAN17-DD162

611.5

613.5

2

9.02

-55

230

666.6

741880

1337215

299.8

SE0425

M1S

TAN17-DD163

502

503

1

7.58

-55

230

639.5

741893

1337194

299.6

SE0450

M1S

TAN17-DD163

579.5

582.5

3

9.68

-55

230

639.5

741893

1337194

299.6

SE0450

M1S

TAN17-DD164A

547

548.5

1.5

14.11

-55

230

646.1

741910

1337178

299.3

SE0475

M1S

TAN17-DD165

565.5

573

7.5

15.22

-55

230

636.9

741859

1337232

300.1

SE0400

M1S

 

Table 2

Significant Intercepts +50g/t Cut Off

Hole ID

From

To

Interval

Au g/t

Dip

Azi

EOH

Easting

Northing

RL

Section

Prospect

TAN17-DD104

295

297

2

101.71

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD107

296.5

297.5

1

260.93

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD107

299

299.5

0.5

55.12

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD107

335

335.5

0.5

63.45

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD109

350

351.5

1.5

250.29

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD109

370

371

1

149.61

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD109

385.5

386.5

1

61.14

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD110A

383.5

384

0.5

72.31

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD110A

394

395.5

1.5

61.71

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD110A

437

439.5

2.5

57.60

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD111

414

415

1

1,071.9

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

464.5

469

4.5

104.2

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD128

256

256.5

0.5

280.31

-50

225

289

741676

1337063

302

SE0400

M1S

TAN17-DD129

163.5

164

0.5

64.85

-52

225

244

741549

1337252

302

SE0175

M1S

TAN17-DD135

155.5

156

0.5

215.598

-51

225

223.1

741625

1337051

302

SE0375

M1S

TAN17-DD141

347.5

348

0.5

64

-54

225

402.8

741721

1337112

301

SE0400

M1S

TAN17-DD110A-WD1

422.5

423

0.5

79.7

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD110A-WD1

434.5

435

0.5

127

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD111-WD1

417

417.5

0.5

73.9

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

456.5

459

2.5

79.9

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD156A

458

459

1

116

-55

120

545.1

741993

1336422

298

SW0650

M5

TAN17-DD162

584.5

585

0.5

71.4

-55

230

666.6

741880

1337215

299.8

SE0425

M1S

TAN17-DD165

566

566.5

0.5

104

-55

230

636.9

741859

1337232

300.1

SE0400

M1S

TAN17-DD165

568

568.5

0.5

51.6

-55

230

636.9

741859

1337232

300.1

SE0400

M1S

  • * denotes ending in mineralisation
  • All holes are RC and diamond holes.
  • All reported intersections from the current 2017 program are assayed at 1m intervals for M5 and 0.5m for M1 where possible.
  • Sample preparation and Fire Assay conducted by BIGS Ouagadougou or SGS Ouagadougou. Assayed by 50g fire assay with AAS finish. All samples >5 g/t Au are checked by 50g fire assay with gravimetric finish.
  • Mineralised intervals for RC reported >1g/t Au with a maximum of 5 m of internal dilution of less than 0.5/t gold. No top cut applied. 
  • Mineralised intervals for DD reported >1g/t Au with a maximum of 5 m of internal dilution of less than 1/t gold. No top cut applied.  Higher grade intervals reported >50 g/t Au with a maximum of 1 m of internal dilution of less than 50g/t Au.
  • Sample preparation and Fire Assay conducted by BIGS Ouagadougou. Assayed by 50g fire assay with AAS finish.
  • QA/QC protocol: For RC samples we insert one blank, one standard and one duplicate for every 17 samples (3 QA/QC within every 20 samples).
 

Competent Persons and Qualified Persons Statement

 

Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear.

 

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights High-grade results from depth at M1 South include; 7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au 5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au 3m at 9.7 g/t Au from 579.5m 1.5m at 14.1 g/t Au from 547m Three drill rigs currently on-site double shifting, infilling and extending mineralisation Ground geophysical survey completed data processing in progress Resource update completion by end of October and updated Feasibility Study in mid-2018 Funded to complete all work programs with approximately $26m cash at bank [[TABLE]] M1 South Drilling Program Deep drilling at M1 South has intercepted high grade mineralisation demonstrating the M1 South structure remains wide open at depth and along strike to the northwest (Figure 1). TAN17-DD162 on section SE400 is the deepest result to date taking mineralisation 450m below surface. TAN17-DD165 intercepted high-grade mineralisation as well 25m along strike to the northwest on section SE375. Drilling is ongoing, infilling and extending mineralisation, with two contract diamond rigs double shifting. The Company will deliver a resource update in the coming weeks, incorporating results from TAN17-DD162 and TAN17-DD165. The Company will accelerate drilling again with at least 6 drill rigs from early November, for the duration 2017-18 field season (Nov 17-July 18). Detail ground magnetics and IP surveys have been completed and data is currently being processed. Drill planning is currently underway and a further exploration and drilling update will be made in early November, once data from the geophysical surveys and a structural study have been reviewed. The Company expects to release an additional resource update in Q2 2018 ahead of completing and an updated Feasibility Study in mid-2018. Significant results from recent drilling include: TAN17-DD162: 5.5m at 10.78 g/t Au from 584.5m, including 1m at 41.7 g/t Au TAN17-DD162: 2m at 9.02 g/t Au from 611.5m TAN17-DD163: 1m at 7.58 g/t Au from 502m TAN17-DD163: 3m at 9.68 g/t Au from 579.5m TAN17-DD164A: 1.5m at 14.11 g/t Au from 547m TAN17-DD165: 0.5m at 19.9 g/t Au from 548.5m TAN17-DD165: 7.5m at 15.22 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au Previous results from the 2017 drilling program, that commenced after the February resource and open pit Feasibility Study at M1 South include: TAN17-DD104: 11m at 20.4 g/t Au from 286m, including 2m at 101.71 g/t Au TAN17-DD107: 8.5m at 37.98 g/t Au from 296.5m, including 1m at 260.93 g/t Au TAN17-DD109: 29.5m at 20.67 g/t Au from 349.5m, including 1.5m at 250.29 g/t Au TAN17-DD110A: 22m at 10.52 g/t Au from 373.5m, including 1.5m at 61.71 g/t Au TAN17-DD110A: 15m at 12.4 g/t Au from 431.5m, including 2.5m at 57.6 g/t Au TAN17-DD111: 21m at 53.13 g/t Au from 408.5m, including 0.5m at 1,613.41 g/t Au TAN17-DD111: 14.5m at 38.27 g/t Au from 459m, including 4.5m at 104.16 g/t Au TAN17-DD128: 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m TAN17-DD135: 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au A summary long-section through the M1 South is presented as Figure 1, along with a cross-section and drill plan as figure 2 Figure 1: M1 South Long Section [[IMAGE]] Figure 2: M1 South Section SE375 [[IMAGE]] Figure 3: Sanbrado Gold Project Mineralised Trends and Prospect Locations [[IMAGE]] [[TABLE]] [[TABLE]] Competent Persons and Qualified Persons Statement Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear. Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
HTML Completed News Release : 

West African hits 7.5m at 15.2 g/t Au including 2.5m at 37.8 g/t Au at M1 South



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • High-grade results from depth at M1 South include;
    • 7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au
    • 5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au
    • 3m at 9.7 g/t Au from 579.5m
    • 1.5m at 14.1 g/t Au from 547m
  • Three drill rigs currently on-site double shifting, infilling and extending mineralisation
  • Ground geophysical survey completed – data processing in progress
  • Resource update completion by end of October and updated Feasibility Study in mid-2018
  • Funded to complete all work programs with approximately $26m cash at bank

 

Managing Director Richard Hyde commented:

“Deep drilling at M1 South has intercepted high grade mineralisation at more than 450 vertical metres below surface. Mineralisation remains open along strike to the northwest and at depth.

“TAN17-DD162 intercepted 5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au which is the deepest result to date.  TAN17-DD165 intercepted 7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au.

“The Company will deliver a resource update in the coming weeks, and an updated Feasibility Study in mid-2018.”

 

M1 South Drilling Program

 

Deep drilling at M1 South has intercepted high grade mineralisation demonstrating the M1 South structure remains wide open at depth and along strike to the northwest (Figure 1).  TAN17-DD162 on section SE400 is the deepest result to date taking mineralisation 450m below surface. TAN17-DD165 intercepted high-grade mineralisation as well 25m along strike to the northwest on section SE375.  Drilling is ongoing, infilling and extending mineralisation, with two contract diamond rigs double shifting.

 

The Company will deliver a resource update in the coming weeks, incorporating results from TAN17-DD162 and TAN17-DD165.  The Company will accelerate drilling again with at least 6 drill rigs from early November, for the duration 2017-18 field season (Nov 17-July 18).

 

Detail ground magnetics and IP surveys have been completed and data is currently being processed.

 

Drill planning is currently underway and a further exploration and drilling update will be made in early November, once data from the geophysical surveys and a structural study have been reviewed.  The Company expects to release an additional resource update in Q2 2018 ahead of completing and an updated Feasibility Study in mid-2018.

 

Significant results from recent drilling include:

 

  • TAN17-DD162: 5.5m at 10.78 g/t Au from 584.5m, including 1m at 41.7 g/t Au
  • TAN17-DD162: 2m at 9.02 g/t Au from 611.5m
  • TAN17-DD163: 1m at 7.58 g/t Au from 502m
  • TAN17-DD163: 3m at 9.68 g/t Au from 579.5m
  • TAN17-DD164A: 1.5m at 14.11 g/t Au from 547m
  • TAN17-DD165: 0.5m at 19.9 g/t Au from 548.5m
  • TAN17-DD165: 7.5m at 15.22 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au

 

Previous results from the 2017 drilling program, that commenced after the February resource and open pit Feasibility Study at M1 South include:

 

  • TAN17-DD104:  11m at 20.4 g/t Au from 286m, including2m at 101.71 g/t Au
  • TAN17-DD107:  8.5m at 37.98 g/t Au from 296.5m, including1m at 260.93 g/t Au
  • TAN17-DD109:  29.5m at 20.67 g/t Au from 349.5m, including 1.5m at 250.29 g/t Au
  • TAN17-DD110A:  22m at 10.52 g/t Au from 373.5m, including 1.5m at 61.71 g/t Au
  • TAN17-DD110A:  15m at 12.4 g/t Au from 431.5m, including2.5m at 57.6 g/t Au
  • TAN17-DD111:  21m at 53.13 g/t Au from 408.5m, including0.5m at 1,613.41 g/t Au
  • TAN17-DD111:  14.5m at 38.27 g/t Au from 459m, including4.5m at 104.16 g/t Au
  • TAN17-DD128:  2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m
  • TAN17-DD135:  1.5m at 91.76 g/t Au from 155m, including0.5m at 215.6 g/t Au

 

A summary long-section through the M1 South is presented as Figure 1, along with a cross-section and drill plan as figure 2

 

Figure 1: M1 South – Long Section

To view the graphic in its original size, please click here

 

Figure 2: M1 South – Section SE375

To view the graphic in its original size, please click here

 

Figure 3: Sanbrado Gold Project – Mineralised Trends and Prospect Locations

To view the graphic in its original size, please click here

 

Table 1

Significant Intercepts 1g/t Cut Off

Hole ID

From

To

Interval

Au g/t

Dip

Azi

EOH

Easting

Northing

RL

Section

Prospect

TAN17-DD102

353

379

26

12.71

-50

120

477

742057

1336386

296

SW0650

M5

TAN17-DD102

400

429

29

2.45

-50

120

477

742057

1336386

296

SW0650

M5

TAN17-DD103

20

28

8

2.15

-50

120

191

742408

1336529

294

SW0350

M5

TAN17-DD104

286

297

11

20.4

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD104

315

323

8

5.14

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD105B

66

73

7

1.45

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD105B

140

148

8

1.34

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD105B

179

186

7

3.3

-50

120

218

742503

1336693

294

SW0150

M5

TAN17-DD106

327.5

338

10.5

2.28

-50

225

399

741754

1337075

300

SE0450

M1S

TAN17-DD107

296.5

305

8.5

37.98

-50

225

369

741720

1337074

301

SE0425

M1S

TAN17-DD107

315.5

342.5

27

3.73

-50

225

369

741720

1337074

301

SE0425

M1S

TAN17-DD109

349.5

379

29.5

20.67

-50

225

450

741756

1337108

300

SE0425

M1S

TAN17-DD109

385

394.5

9.5

7.78

-50

225

450

741756

1337108

300

SE0425

M1S

TAN17-DD110A

373.5

395.5

22

10.52

-50

225

486

741789

1337109

299

SE0450

M1S

TAN17-DD110A

431.5

446.5

15

12.4

-50

225

486

741789

1337109

299

SE0450

M1S

TAN17-DD111

237

238

1

5.43

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

408.5

429.5

21

53.13

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

459

473.5

14.5

38.27

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD112

162

172

10

1.5

-50

120

200

742548

1336739

294

SW0100

M5

TAN17-DD113

102

110

8

2.06

-50

120

212

742563

1336784

293

SW0050

M5

TAN17-DD113

164

169

5

1.35

-50

120

212

742563

1336784

293

SW0050

M5

TAN17-DD116

178

198

20

2.09

-50

120

247

742701

1336992

291

NE0200

M5

TAN17-DD118

320

356.5

36.5

2.53

-50

120

399

741975

1336274

296

SW0800

M5

TAN17-DD120A

335

337

2

4.18

-50

225

391

741654

1337253

301

SE0250

M1S

TAN17-DD121

107.5

109

1.5

5.53

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD121

154

155

1

8.47

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD121

187

207

20

1.52

-50

120

240

742907

1337224

290

NE0500

M5

TAN17-DD122

240

280.5

40.5

1.39

-50

120

301

742056

1336276

295

SW0750

M5

TAN17-DD123

176.5

178

1.5

6.48

-50

225

220

741631

1337020

302

SE0400

M1S

TAN17-DD123

184

187

3

4.11

-50

225

220

741631

1337020

302

SE0400

M1S

TAN17-DD124

291

294

3

1.83

-50

120

361

742013

1336302

296

SW0750

M5

TAN17-DD124

329

338

9

1.3

-50

120

361

742013

1336302

296

SW0750

M5

TAN17-DD125

212

213

1

7.98

-50

225

319

741618

1337188

301

SE0275

M1S

TAN17-DD125

265.5

267

1.5

9.18

-50

225

319

741618

1337188

301

SE0275

M1S

TAN17-DD126

211

223

12

3.35

-50

120

239

742119

1336285

295

SW0700

M5

TAN17-DD127

298.5

335.5

37

2.4

-50

120

387

742089

1336366

296

SW0650

M5

TAN17-DD127

341.5

367

25.5

1.92

-50

120

387

742089

1336366

296

SW0650

M5

TAN17-DD128

254

256.5

2.5

58.88

-50

225

289

741676

1337063

302

SE0400

M1S

TAN17-DD129

162

164.5

2.5

24.35

-50

225

244.2

741549

1337252

302

SE0175

M1S

TAN17-DD135

155

156.5

1.5

91.76

-50

225

223.1

741625

1337051

302

SE0375

M1S

TAN17-DD140

115

116

1

8.52

-50

120

330.1

742218

1336458

296

SW0500

M1S

TAN17-DD140

262

265

3

2.62

-50

120

330.1

742218

1336458

296

SW0500

M1S

TAN17-DD141

347

350.5

3.5

15.79

-50

225

402.8

741721

1337112

301

SE0400

M1S

TAN17-DD144

174

179.5

5.5

5.81

-50

225

231.9

741580

1337148

303

SE0275

M1S

TAN17-DD146

179.5

182

2.5

3.03

-50

225

252.9

741549

1337286

303

SE0150

M1S

TAN17-DD110A-WD1

421.5

425.5

4

21.45

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD110A-WD1

434

437

3

29.52

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD111-WD1

404.5

408.5

4

11.02

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

417

420

3

14.49

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

446.5

463

16.5

14.78

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD148

116

119

3

6.11

-55

120

496.9

741932.9

1336347

298.3

SW0750

M5

TAN17-DD148

131

132

1

5.83

-55

120

496.9

741932.9

1336347

298.3

SW0750

M5

TAN17-DD148

454

469

15

1.09

-55

120

496.9

741932.9

1336347

298.3

SW0750

M5

TAN17-DD149A

185

196

11

1.29

-55

120

495.5

741963.6

1336377

297.9

SW0700

M5

TAN17-DD149A

447

457

10

1.8

-55

120

495.5

741963.6

1336377

297.9

SW0700

M5

TAN17-DD154

222

223

1

15.4

-53

225

381.3

741627.8

1337292

301.9

SE0200

M1S

TAN17-DD154

277

278.5

1.5

22.83

-53

225

381.3

741627.8

1337292

301.9

SE0200

M1S

TAN17-DD156A

452

460

8

17.5

-55

120

545.1

741993

1336422

298

SW0650

M5

TAN17-DD156A

492

497

5

2.07

-55

120

545.1

741993

1336422

298

SW0650

M5

TAN17-DD156A

504

509

5

1.75

-55

120

545.1

741993

1336422

298

SW0650

M5

TAN17-DD157

380

383

3

3.93

-55

120

481.8

742069.3

1336429

297.3

SW0600

M5

TAN17-DD157

409

410

1

5.36

-55

120

481.8

742069.3

1336429

297.3

SW0600

M5

TAN17-DD157

436

440

4

1.47

-55

120

481.8

742069.3

1336429

297.3

SW0600

M5

TAN17-DD159A

330

331

1

18.9

-55

120

420.1

742130.2

1336434

296.6

SW0550

M5

TAN17-DD159A

368

372

4

1.37

-55

120

420.1

742130.2

1336434

296.6

SW0550

M5

TAN17-DD160

272.5

273.5

1

10.53

-52

225

312.5

741602.9

1337340

302.9

SE0150

M1S

TAN17-DD162

525

526

1

23.35

-55

230

666.6

741880

1337215

299.8

SE0425

M1S

TAN17-DD162

584.5

590

5.5

10.78

-55

230

666.6

741880

1337215

299.8

SE0425

M1S

TAN17-DD162

611.5

613.5

2

9.02

-55

230

666.6

741880

1337215

299.8

SE0425

M1S

TAN17-DD163

502

503

1

7.58

-55

230

639.5

741893

1337194

299.6

SE0450

M1S

TAN17-DD163

579.5

582.5

3

9.68

-55

230

639.5

741893

1337194

299.6

SE0450

M1S

TAN17-DD164A

547

548.5

1.5

14.11

-55

230

646.1

741910

1337178

299.3

SE0475

M1S

TAN17-DD165

565.5

573

7.5

15.22

-55

230

636.9

741859

1337232

300.1

SE0400

M1S

 

Table 2

Significant Intercepts +50g/t Cut Off

Hole ID

From

To

Interval

Au g/t

Dip

Azi

EOH

Easting

Northing

RL

Section

Prospect

TAN17-DD104

295

297

2

101.71

-50

225

354

741725

1337044

301

SE0450

M1S

TAN17-DD107

296.5

297.5

1

260.93

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD107

299

299.5

0.5

55.12

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD107

335

335.5

0.5

63.45

-50

225

369

741724

1337072

301

SE0425

M1S

TAN17-DD109

350

351.5

1.5

250.29

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD109

370

371

1

149.61

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD109

385.5

386.5

1

61.14

-50

225

486

741789

1337107

298

SE0450

M1S

TAN17-DD110A

383.5

384

0.5

72.31

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD110A

394

395.5

1.5

61.71

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD110A

437

439.5

2.5

57.60

-50

225

450

741757

1337107

300

SE0425

M1S

TAN17-DD111

414

415

1

1,071.9

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD111

464.5

469

4.5

104.2

-50

225

508

741793

1337143

297

SE0425

M1S

TAN17-DD128

256

256.5

0.5

280.31

-50

225

289

741676

1337063

302

SE0400

M1S

TAN17-DD129

163.5

164

0.5

64.85

-52

225

244

741549

1337252

302

SE0175

M1S

TAN17-DD135

155.5

156

0.5

215.598

-51

225

223.1

741625

1337051

302

SE0375

M1S

TAN17-DD141

347.5

348

0.5

64

-54

225

402.8

741721

1337112

301

SE0400

M1S

TAN17-DD110A-WD1

422.5

423

0.5

79.7

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD110A-WD1

434.5

435

0.5

127

-50

225

458.5

741789

1337109

299

SE0450

M1S

TAN17-DD111-WD1

417

417.5

0.5

73.9

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD111-WD1

456.5

459

2.5

79.9

-50

225

483.3

741793

1337143

297

SE0425

M1S

TAN17-DD156A

458

459

1

116

-55

120

545.1

741993

1336422

298

SW0650

M5

TAN17-DD162

584.5

585

0.5

71.4

-55

230

666.6

741880

1337215

299.8

SE0425

M1S

TAN17-DD165

566

566.5

0.5

104

-55

230

636.9

741859

1337232

300.1

SE0400

M1S

TAN17-DD165

568

568.5

0.5

51.6

-55

230

636.9

741859

1337232

300.1

SE0400

M1S

  • * denotes ending in mineralisation
  • All holes are RC and diamond holes.
  • All reported intersections from the current 2017 program are assayed at 1m intervals for M5 and 0.5m for M1 where possible.
  • Sample preparation and Fire Assay conducted by BIGS Ouagadougou or SGS Ouagadougou. Assayed by 50g fire assay with AAS finish. All samples >5 g/t Au are checked by 50g fire assay with gravimetric finish.
  • Mineralised intervals for RC reported >1g/t Au with a maximum of 5 m of internal dilution of less than 0.5/t gold. No top cut applied. 
  • Mineralised intervals for DD reported >1g/t Au with a maximum of 5 m of internal dilution of less than 1/t gold. No top cut applied.  Higher grade intervals reported >50 g/t Au with a maximum of 1 m of internal dilution of less than 50g/t Au.
  • Sample preparation and Fire Assay conducted by BIGS Ouagadougou. Assayed by 50g fire assay with AAS finish.
  • QA/QC protocol: For RC samples we insert one blank, one standard and one duplicate for every 17 samples (3 QA/QC within every 20 samples).
 

Competent Persons and Qualified Persons Statement

 

Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear.

 

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/WestAfrican10122017.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

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ASCII Completed News Release: 
West African hits 7.5m at 15.2 g/t Au including 2.5m at 37.8 g/t Au at M1 South Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights High-grade results from depth at M1 South include; 7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au 5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au 3m at 9.7 g/t Au from 579.5m 1.5m at 14.1 g/t Au from 547m Three drill rigs currently on-site double shifting, infilling and extending mineralisation Ground geophysical survey completed data processing in progress Resource update completion by end of October and updated Feasibility Study in mid-2018 Funded to complete all work programs with approximately $26m cash at bank [[TABLE]] M1 South Drilling Program Deep drilling at M1 South has intercepted high grade mineralisation demonstrating the M1 South structure remains wide open at depth and along strike to the northwest (Figure 1). TAN17-DD162 on section SE400 is the deepest result to date taking mineralisation 450m below surface. TAN17-DD165 intercepted high-grade mineralisation as well 25m along strike to the northwest on section SE375. Drilling is ongoing, infilling and extending mineralisation, with two contract diamond rigs double shifting. The Company will deliver a resource update in the coming weeks, incorporating results from TAN17-DD162 and TAN17-DD165. The Company will accelerate drilling again with at least 6 drill rigs from early November, for the duration 2017-18 field season (Nov 17-July 18). Detail ground magnetics and IP surveys have been completed and data is currently being processed. Drill planning is currently underway and a further exploration and drilling update will be made in early November, once data from the geophysical surveys and a structural study have been reviewed. The Company expects to release an additional resource update in Q2 2018 ahead of completing and an updated Feasibility Study in mid-2018. Significant results from recent drilling include: TAN17-DD162: 5.5m at 10.78 g/t Au from 584.5m, including 1m at 41.7 g/t Au TAN17-DD162: 2m at 9.02 g/t Au from 611.5m TAN17-DD163: 1m at 7.58 g/t Au from 502m TAN17-DD163: 3m at 9.68 g/t Au from 579.5m TAN17-DD164A: 1.5m at 14.11 g/t Au from 547m TAN17-DD165: 0.5m at 19.9 g/t Au from 548.5m TAN17-DD165: 7.5m at 15.22 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au Previous results from the 2017 drilling program, that commenced after the February resource and open pit Feasibility Study at M1 South include: TAN17-DD104: 11m at 20.4 g/t Au from 286m, including 2m at 101.71 g/t Au TAN17-DD107: 8.5m at 37.98 g/t Au from 296.5m, including 1m at 260.93 g/t Au TAN17-DD109: 29.5m at 20.67 g/t Au from 349.5m, including 1.5m at 250.29 g/t Au TAN17-DD110A: 22m at 10.52 g/t Au from 373.5m, including 1.5m at 61.71 g/t Au TAN17-DD110A: 15m at 12.4 g/t Au from 431.5m, including 2.5m at 57.6 g/t Au TAN17-DD111: 21m at 53.13 g/t Au from 408.5m, including 0.5m at 1,613.41 g/t Au TAN17-DD111: 14.5m at 38.27 g/t Au from 459m, including 4.5m at 104.16 g/t Au TAN17-DD128: 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m TAN17-DD135: 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au A summary long-section through the M1 South is presented as Figure 1, along with a cross-section and drill plan as figure 2 Figure 1: M1 South Long Section [[IMAGE]] Figure 2: M1 South Section SE375 [[IMAGE]] Figure 3: Sanbrado Gold Project Mineralised Trends and Prospect Locations [[IMAGE]] [[TABLE]] [[TABLE]] Competent Persons and Qualified Persons Statement Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear. Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: https://fscwire.com/sites/default/files/news_release_pdf/WestAfrican10122017.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
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West African hits 7.5m at 15.2 g/t Au including 2.5m at 37.8 g/t Au at M1 South
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West African Resources Limited: September 2017 Quarterly Report

October 24, 2017, 7:45 pm
$
0
0

Company:

Scheduled Release Time: 
Wednesday, October 25, 2017 - 9:00 AM EDT
ASCII Headline: 
West African Resources Limited: September 2017 Quarterly Report
HTML Body: 

West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned projects in Burkina Faso, West Africa, for the quarter ending 30 September 2017.

 

Highlights

 

Sanbrado Gold Project
 

  • Infill and extensional drilling program underway with three rigs double shifting on site

 

  • Ground geophysical survey completed targeting additional M1-style mineralisation – data processing in progress

 

  • Resource update due by the end of October and updated Feasibility Study in mid-2018  

 

M1 South Diamond Drilling

 

  • M1 South structure remains open at depth and along strike to the northwest

 

  • Further high-grade results from depth at M1 South:

 

–  16.5m at 14.78 g/t Au from 446.5m, including 0.5m at 320 g/t Au

–  1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au

–  4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au

–  3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au

–  7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au

–  5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au

 

M5 Deposit

 

  • Drilling at M5 demonstrated its strong grade at depth which requires further infill drilling

 

  • High-grade results received from M5:

 

                              -  8m at 17.5 g/t Au from 452m including 1m at 116 g/t Au and 1m at 17.4 g/t Au

 

Corporate

 

  • Macquarie Bank exercises options, raising $5.7 million

 

  • $27.4m cash at bank and no debt

 

September 2017 Quarter Summary

 

  • 8,894m drilled

 

  • $4.6m Exploration and Development Expenditure

 

  • $0.5m Administration Costs

 

  • $27.4m cash at bank at 30 September 2017

 

December 2017 Quarter Activities

 

  • Report updated resources for M1 South and M5 deposits

 

  • Commencement of 2017-18 field season including extensive drilling and exploration programs

 

  • Continue with Feasibility study and progress permitting updates

 

Click here to view the full ASX announcement

 

www.westafricanresources.com

 

Qualified/Competent Person’s Statement

 

Information in this announcement that relates to exploration results is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear.

 

Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on, and fairly represents, information and supporting documentation prepared by Mr Brian Wolfe, an independent consultant specialising in mineral resource estimation, evaluation and exploration.  Mr Wolfe is a Member of the Australian Institute of Geoscientists.  Mr Wolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under Canadian National Instrument 43-101.  Mr Wolfe has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear.

 

Information in this announcement that relates to ore reserves is based on, and fairly represents, information and supporting documentation prepared by Mr Stuart Cruikshanks, an independent specialist mining consultant.  Mr Cruikshanks is a Fellow of the Australian Institute of Mining and Metallurgy.  Mr Cruikshanks has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under Canadian National Instrument 43-101.  Mr Cruikshanks has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear.

 

Regulatory Disclaimer and Related Information

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  This announcement has been prepared in compliance with the JORC Code 2012 Edition, the ASX Listing Rules and Canadian National Instrument 43-101 (Disclosure Standards for Mineral Projects). The information relating to the historic Mankarga 5 Mineral Resource Estimate is extracted from Channel's NI43-101 report dated August 17, 2012 and is available to view on www.westafricanresources.com and on profile of Channel Resources Ltd (now a subsidiary of the Company) on www.sedar.com .

 

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's the potential economic  feasibility of a principal mineral project, future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their ability to secure additional funding, anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: gold price volatility, investor interest in  financing of junior resource issuers, exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding on reasonable terms or any terms at all; financial market conditions  ; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

ASCII Body: 
Scarborough, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned projects in Burkina Faso, West Africa, for the quarter ending 30 September 2017. Highlights Sanbrado Gold Project Infill and extensional drilling program underway with three rigs double shifting on site Ground geophysical survey completed targeting additional M1-style mineralisation data processing in progress Resource update due by the end of October and updated Feasibility Study in mid-2018 M1 South Diamond Drilling M1 South structure remains open at depth and along strike to the northwest Further high-grade results from depth at M1 South: 16.5m at 14.78 g/t Au from 446.5m, including 0.5m at 320 g/t Au 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au 7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au 5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au M5 Deposit Drilling at M5 demonstrated its strong grade at depth which requires further infill drilling High-grade results received from M5: - 8m at 17.5 g/t Au from 452m including 1m at 116 g/t Au and 1m at 17.4 g/t Au Corporate Macquarie Bank exercises options, raising $5.7 million $27.4m cash at bank and no debt September 2017 Quarter Summary 8,894m drilled $4.6m Exploration and Development Expenditure $0.5m Administration Costs $27.4m cash at bank at 30 September 2017 December 2017 Quarter Activities Report updated resources for M1 South and M5 deposits Commencement of 2017-18 field season including extensive drilling and exploration programs Continue with Feasibility study and progress permitting updates Click here to view the full ASX announcement (https://www.fscwire.com/sites/default/files/news_release_pdf/WestAfrican10242015.pdf) www.westafricanresources.com (http://email.launchpadcreative.com.au/t/r-l-jlyutlhy-qyhlitldk-j/) Qualified/Competent Persons Statement Information in this announcement that relates to exploration results is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear. Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on, and fairly represents, information and supporting documentation prepared by Mr Brian Wolfe, an independent consultant specialising in mineral resource estimation, evaluation and exploration. Mr Wolfe is a Member of the Australian Institute of Geoscientists. Mr Wolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or CP) as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under Canadian National Instrument 43-101. Mr Wolfe has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear. Information in this announcement that relates to ore reserves is based on, and fairly represents, information and supporting documentation prepared by Mr Stuart Cruikshanks, an independent specialist mining consultant. Mr Cruikshanks is a Fellow of the Australian Institute of Mining and Metallurgy. Mr Cruikshanks has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or CP) as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under Canadian National Instrument 43-101. Mr Cruikshanks has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear. Regulatory Disclaimer and Related Information Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This announcement has been prepared in compliance with the JORC Code 2012 Edition, the ASX Listing Rules and Canadian National Instrument 43-101 (Disclosure Standards for Mineral Projects). The information relating to the historic Mankarga 5 Mineral Resource Estimate is extracted from Channel's NI43-101 report dated August 17, 2012 and is available to view on www.westafricanresources.com (http://www.westafricanresources.com) and on profile of Channel Resources Ltd (now a subsidiary of the Company) on www.sedar.com (http://www.sedar.com) . Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's the potential economic feasibility of a principal mineral project, future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their ability to secure additional funding, anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: gold price volatility, investor interest in financing of junior resource issuers, exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding on reasonable terms or any terms at all; financial market conditions ; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.
HTML Completed News Release : 

West African Resources Limited: September 2017 Quarterly Report



Scarborough, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned projects in Burkina Faso, West Africa, for the quarter ending 30 September 2017.

 

Highlights

 

Sanbrado Gold Project
 

  • Infill and extensional drilling program underway with three rigs double shifting on site

 

  • Ground geophysical survey completed targeting additional M1-style mineralisation – data processing in progress

 

  • Resource update due by the end of October and updated Feasibility Study in mid-2018  

 

M1 South Diamond Drilling

 

  • M1 South structure remains open at depth and along strike to the northwest

 

  • Further high-grade results from depth at M1 South:

 

–  16.5m at 14.78 g/t Au from 446.5m, including 0.5m at 320 g/t Au

–  1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au

–  4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au

–  3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au

–  7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au

–  5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au

 

M5 Deposit

 

  • Drilling at M5 demonstrated its strong grade at depth which requires further infill drilling

 

  • High-grade results received from M5:

 

                              -  8m at 17.5 g/t Au from 452m including 1m at 116 g/t Au and 1m at 17.4 g/t Au

 

Corporate

 

  • Macquarie Bank exercises options, raising $5.7 million

 

  • $27.4m cash at bank and no debt

 

September 2017 Quarter Summary

 

  • 8,894m drilled

 

  • $4.6m Exploration and Development Expenditure

 

  • $0.5m Administration Costs

 

  • $27.4m cash at bank at 30 September 2017

 

December 2017 Quarter Activities

 

  • Report updated resources for M1 South and M5 deposits

 

  • Commencement of 2017-18 field season including extensive drilling and exploration programs

 

  • Continue with Feasibility study and progress permitting updates

 

Click here to view the full ASX announcement

 

www.westafricanresources.com

 

Qualified/Competent Person’s Statement

 

Information in this announcement that relates to exploration results is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear.

 

Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on, and fairly represents, information and supporting documentation prepared by Mr Brian Wolfe, an independent consultant specialising in mineral resource estimation, evaluation and exploration.  Mr Wolfe is a Member of the Australian Institute of Geoscientists.  Mr Wolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under Canadian National Instrument 43-101.  Mr Wolfe has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear.

 

Information in this announcement that relates to ore reserves is based on, and fairly represents, information and supporting documentation prepared by Mr Stuart Cruikshanks, an independent specialist mining consultant.  Mr Cruikshanks is a Fellow of the Australian Institute of Mining and Metallurgy.  Mr Cruikshanks has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under Canadian National Instrument 43-101.  Mr Cruikshanks has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear.

 

Regulatory Disclaimer and Related Information

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  This announcement has been prepared in compliance with the JORC Code 2012 Edition, the ASX Listing Rules and Canadian National Instrument 43-101 (Disclosure Standards for Mineral Projects). The information relating to the historic Mankarga 5 Mineral Resource Estimate is extracted from Channel's NI43-101 report dated August 17, 2012 and is available to view on www.westafricanresources.com and on profile of Channel Resources Ltd (now a subsidiary of the Company) on www.sedar.com .

 

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's the potential economic  feasibility of a principal mineral project, future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their ability to secure additional funding, anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: gold price volatility, investor interest in  financing of junior resource issuers, exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding on reasonable terms or any terms at all; financial market conditions  ; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/WestAfrican10252015.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

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Copyright © 2017 Filing Services Canada Inc.





ASCII Completed News Release: 
West African Resources Limited: September 2017 Quarterly Report Scarborough, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned projects in Burkina Faso, West Africa, for the quarter ending 30 September 2017. Highlights Sanbrado Gold Project Infill and extensional drilling program underway with three rigs double shifting on site Ground geophysical survey completed targeting additional M1-style mineralisation data processing in progress Resource update due by the end of October and updated Feasibility Study in mid-2018 M1 South Diamond Drilling M1 South structure remains open at depth and along strike to the northwest Further high-grade results from depth at M1 South: 16.5m at 14.78 g/t Au from 446.5m, including 0.5m at 320 g/t Au 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au 7.5m at 15.2 g/t Au from 565.5m, including 2.5m at 37.8 g/t Au 5.5m at 10.8 g/t Au from 584.5m, including 1m at 41.7 g/t Au M5 Deposit Drilling at M5 demonstrated its strong grade at depth which requires further infill drilling High-grade results received from M5: - 8m at 17.5 g/t Au from 452m including 1m at 116 g/t Au and 1m at 17.4 g/t Au Corporate Macquarie Bank exercises options, raising $5.7 million $27.4m cash at bank and no debt September 2017 Quarter Summary 8,894m drilled $4.6m Exploration and Development Expenditure $0.5m Administration Costs $27.4m cash at bank at 30 September 2017 December 2017 Quarter Activities Report updated resources for M1 South and M5 deposits Commencement of 2017-18 field season including extensive drilling and exploration programs Continue with Feasibility study and progress permitting updates Click here to view the full ASX announcement (https://www.fscwire.com/sites/default/files/news_release_pdf/WestAfrican10242015.pdf) www.westafricanresources.com (http://email.launchpadcreative.com.au/t/r-l-jlyutlhy-qyhlitldk-j/) Qualified/Competent Persons Statement Information in this announcement that relates to exploration results is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr Hyde consents to the inclusion in this announcement of the statements based on his information in the form and context in which they appear. Information in this announcement that relates to exploration results, exploration targets or mineral resources is based on, and fairly represents, information and supporting documentation prepared by Mr Brian Wolfe, an independent consultant specialising in mineral resource estimation, evaluation and exploration. Mr Wolfe is a Member of the Australian Institute of Geoscientists. Mr Wolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or CP) as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under Canadian National Instrument 43-101. Mr Wolfe has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear. Information in this announcement that relates to ore reserves is based on, and fairly represents, information and supporting documentation prepared by Mr Stuart Cruikshanks, an independent specialist mining consultant. Mr Cruikshanks is a Fellow of the Australian Institute of Mining and Metallurgy. Mr Cruikshanks has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or CP) as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under Canadian National Instrument 43-101. Mr Cruikshanks has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear. Regulatory Disclaimer and Related Information Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This announcement has been prepared in compliance with the JORC Code 2012 Edition, the ASX Listing Rules and Canadian National Instrument 43-101 (Disclosure Standards for Mineral Projects). The information relating to the historic Mankarga 5 Mineral Resource Estimate is extracted from Channel's NI43-101 report dated August 17, 2012 and is available to view on www.westafricanresources.com (http://www.westafricanresources.com) and on profile of Channel Resources Ltd (now a subsidiary of the Company) on www.sedar.com (http://www.sedar.com) . Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's the potential economic feasibility of a principal mineral project, future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their ability to secure additional funding, anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: gold price volatility, investor interest in financing of junior resource issuers, exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding on reasonable terms or any terms at all; financial market conditions ; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com. To view this press release as a PDF file, click onto the following link: https://ww4.fscwire.com/sites/default/files/news_release_pdf/WestAfrican10252015.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
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West African Resources Limited: September 2017 Quarterly Report
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↧

West African delivers 150% increase in ounces and, 100% increase in grade of Indicated Resources at M1 South

October 29, 2017, 6:31 pm
$
0
0

Company:

Scheduled Release Time: 
Sunday, October 29, 2017 - 9:49 PM EDT
ASCII Headline: 
West African delivers 150% increase in ounces and, 100% increase in grade of Indicated Resources at M1 South
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce results of an updated Mineral Resource Estimate (MRE) for the M1 South and M5 deposits, at its 90% owned Sanbrado Gold Project, Burkina Faso.

 

M1 South Deposit

 

  • 150% increase of Indicated Resource ounces and 100% increase in Indicated Resource grade
  • Mineralisation remains wide open at depth, drilling ongoing with three rigs on site

 

Open-pit resource:

 

  • 0.73Mt at 6.8 g/t Au for 161,000 ounces gold (Indicated)
  • 0.07Mt at 5.1 g/t Au for 11,000 ounces gold (Inferred)

 

Underground resource:

 

  • 0.47Mt at 26.4 g/t Au for 395,000 ounces gold (Indicated)
  • 0.35Mt at 16.1 g/t Au for 180,000 ounces gold (Inferred)

 

Total resource:

 

  • 1.2Mt at 14.4 g/t Au for 556,000 ounces gold (Indicated)
  • 0.41Mt at 14.4 g/t Au for 191,000 ounces gold (Inferred)

 

M5 Deposit

 

Open-pit resource:

 

  • 35.9Mt at 1.3 g/t Au for 1,460,000 ounces gold (Indicated)
  • 12Mt at 1.1 g/t Au for 410,000 ounces gold (Inferred)
     
  • 40% increase in Indicated Resources, 7% increase in grade
  • Three drill rigs currently on-site double shifting, infill drilling and extending M1 South
  • Ramp up to six rigs and full exploration drilling during November
  • Additional resource update Q1 2018 and updated Feasibility Study in Q2 2018
  • Funded to complete all work programs with $26m cash at bank

 

Managing Director Richard Hyde commented:

“The resources released today are just a snapshot of the project at the current point in time. We expect resources to continue to grow, as infill and extensional drilling is ongoing, and mineralisation remains wide open at depth.

"The results show the Sanbrado Gold Project is the leading gold development project in West Africa.

"We expect to deliver a further resource update in Q1 next year, ahead of the completion of the updated Feasibility Study in mid-2018."

Click here for the full ASX announcement

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce results of an updated Mineral Resource Estimate (MRE) for the M1 South and M5 deposits, at its 90% owned Sanbrado Gold Project, Burkina Faso. M1 South Deposit 150% increase of Indicated Resource ounces and 100% increase in Indicated Resource grade Mineralisation remains wide open at depth, drilling ongoing with three rigs on site Open-pit resource: 0.73Mt at 6.8 g/t Au for 161,000 ounces gold (Indicated) 0.07Mt at 5.1 g/t Au for 11,000 ounces gold (Inferred) Underground resource: 0.47Mt at 26.4 g/t Au for 395,000 ounces gold (Indicated) 0.35Mt at 16.1 g/t Au for 180,000 ounces gold (Inferred) Total resource: 1.2Mt at 14.4 g/t Au for 556,000 ounces gold (Indicated) 0.41Mt at 14.4 g/t Au for 191,000 ounces gold (Inferred) M5 Deposit Open-pit resource: 35.9Mt at 1.3 g/t Au for 1,460,000 ounces gold (Indicated) 12Mt at 1.1 g/t Au for 410,000 ounces gold (Inferred) 40% increase in Indicated Resources, 7% increase in grade Three drill rigs currently on-site double shifting, infill drilling and extending M1 South Ramp up to six rigs and full exploration drilling during November Additional resource update Q1 2018 and updated Feasibility Study in Q2 2018 Funded to complete all work programs with $26m cash at bank Managing Director Richard Hyde commented: The resources released today are just a snapshot of the project at the current point in time. We expect resources to continue to grow, as infill and extensional drilling is ongoing, and mineralisation remains wide open at depth. "The results show the Sanbrado Gold Project is the leading gold development project in West Africa."We expect to deliver a further resource update in Q1 next year, ahead of the completion of the updated Feasibility Study in mid-2018." Click here for the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jrlihdhd-qyhlitldk-y/)
HTML Completed News Release : 

West African delivers 150% increase in ounces and, 100% increase in grade of Indicated Resources at M1 South



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce results of an updated Mineral Resource Estimate (MRE) for the M1 South and M5 deposits, at its 90% owned Sanbrado Gold Project, Burkina Faso.

 

M1 South Deposit

 

  • 150% increase of Indicated Resource ounces and 100% increase in Indicated Resource grade
  • Mineralisation remains wide open at depth, drilling ongoing with three rigs on site

 

Open-pit resource:

 

  • 0.73Mt at 6.8 g/t Au for 161,000 ounces gold (Indicated)
  • 0.07Mt at 5.1 g/t Au for 11,000 ounces gold (Inferred)

 

Underground resource:

 

  • 0.47Mt at 26.4 g/t Au for 395,000 ounces gold (Indicated)
  • 0.35Mt at 16.1 g/t Au for 180,000 ounces gold (Inferred)

 

Total resource:

 

  • 1.2Mt at 14.4 g/t Au for 556,000 ounces gold (Indicated)
  • 0.41Mt at 14.4 g/t Au for 191,000 ounces gold (Inferred)

 

M5 Deposit

 

Open-pit resource:

 

  • 35.9Mt at 1.3 g/t Au for 1,460,000 ounces gold (Indicated)
  • 12Mt at 1.1 g/t Au for 410,000 ounces gold (Inferred)
     
  • 40% increase in Indicated Resources, 7% increase in grade
  • Three drill rigs currently on-site double shifting, infill drilling and extending M1 South
  • Ramp up to six rigs and full exploration drilling during November
  • Additional resource update Q1 2018 and updated Feasibility Study in Q2 2018
  • Funded to complete all work programs with $26m cash at bank

 

Managing Director Richard Hyde commented:

“The resources released today are just a snapshot of the project at the current point in time. We expect resources to continue to grow, as infill and extensional drilling is ongoing, and mineralisation remains wide open at depth.

"The results show the Sanbrado Gold Project is the leading gold development project in West Africa.

"We expect to deliver a further resource update in Q1 next year, ahead of the completion of the updated Feasibility Study in mid-2018."

Click here for the full ASX announcement



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/WestAfrOct292017.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. http://www.fscwire.com

 

Copyright © 2017 Filing Services Canada Inc.





ASCII Completed News Release: 
West African delivers 150% increase in ounces and, 100% increase in grade of Indicated Resources at M1 South Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce results of an updated Mineral Resource Estimate (MRE) for the M1 South and M5 deposits, at its 90% owned Sanbrado Gold Project, Burkina Faso. M1 South Deposit 150% increase of Indicated Resource ounces and 100% increase in Indicated Resource grade Mineralisation remains wide open at depth, drilling ongoing with three rigs on site Open-pit resource: 0.73Mt at 6.8 g/t Au for 161,000 ounces gold (Indicated) 0.07Mt at 5.1 g/t Au for 11,000 ounces gold (Inferred) Underground resource: 0.47Mt at 26.4 g/t Au for 395,000 ounces gold (Indicated) 0.35Mt at 16.1 g/t Au for 180,000 ounces gold (Inferred) Total resource: 1.2Mt at 14.4 g/t Au for 556,000 ounces gold (Indicated) 0.41Mt at 14.4 g/t Au for 191,000 ounces gold (Inferred) M5 Deposit Open-pit resource: 35.9Mt at 1.3 g/t Au for 1,460,000 ounces gold (Indicated) 12Mt at 1.1 g/t Au for 410,000 ounces gold (Inferred) 40% increase in Indicated Resources, 7% increase in grade Three drill rigs currently on-site double shifting, infill drilling and extending M1 South Ramp up to six rigs and full exploration drilling during November Additional resource update Q1 2018 and updated Feasibility Study in Q2 2018 Funded to complete all work programs with $26m cash at bank Managing Director Richard Hyde commented: The resources released today are just a snapshot of the project at the current point in time. We expect resources to continue to grow, as infill and extensional drilling is ongoing, and mineralisation remains wide open at depth. "The results show the Sanbrado Gold Project is the leading gold development project in West Africa."We expect to deliver a further resource update in Q1 next year, ahead of the completion of the updated Feasibility Study in mid-2018." Click here for the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jrlihdhd-qyhlitldk-y/) To view this press release as a PDF file, click onto the following link: https://ww4.fscwire.com/sites/default/files/news_release_pdf/WestAfrOct292017.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
Location: 
Scarborough , Australia
HTML News Headline: 
West African delivers 150% increase in ounces and, 100% increase in grade of Indicated Resources at M1 South
PDF File: 
PDF iconWestAfrOct292017.pdf
On Hold?: 
No

FSC Industry Code:

Tickers: 
  • TSX Venture
WAF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
Approve News Release?: 
Yes
Edit Type: 
Disseminate
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No
Requested Date: 
Sunday, October 29, 2017 - 9:30pm

Service Level:

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No
Fax Dissemination: 
No

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SEDAR Filing: 
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EDGAR Filing: 
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Is billing required for any service listed below? : 
Yes
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Yes
Number of Words: 
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↧

West African hits 13.5m at 18.21 g/t Au at M1 South

November 29, 2017, 5:24 pm
$
0
0

Company:

Scheduled Release Time: 
Wednesday, November 29, 2017 - 8:27 PM EST
ASCII Headline: 
West African hits 13.5m at 18.21 g/t Au at M1 South
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • High-grade results from depth at M1 South include;

 

  • TAN17-DD165-WD1: 11.5m at 10.9 g/t Au from 551.5m including 1m at 90 g/t Au­

 

  • TAN17-DD165-WD2: 12m at 27.45 g/t Au from 540m including 0.5m at 340 g/t Au­

 

  • TAN17-DD166B: 13.5m at 18.21 g/t Au from 575m including 1m at 131.9 g/t Au­

 

  • TAN17-DD166B: 2.5m at 43.97 g/t Au from 614m including 1m at 83.9 g/t Au

 

  • TAN17-DD166B result extends mineralisation which remains open to the northwest and at depth

 

  • A further 5 holes have intercepted visible gold (see photos) - assays pending

 

  • Four drill rigs currently on-site double shifting, infilling and extending mineralisation

 

  • Funded to complete all work programs with approximately $23m cash at bank

 

Managing Director Richard Hyde commented:

 

“Deep drilling at M1 South has extended mineralisation to the northwest at more than 500m down plunge, remains wide open along strike and at depth.

 

“TAN17-DD166B intercepted two zones of high-grade mineralisation including 13.5m at 18.21 g/t Au from 575m and 2.5m at 43.97 g/t Au from 614m.

 

“Infill drilling has also returned high grade mineralisation up to 340 g/t gold, while assays are pending for a further 5 drill holes which have intercepted visible gold.

 

“The Company will deliver a resource update in Q1 2018, and an updated Feasibility Study in mid-2018.”

 

Click here to view the full ASX Announcement

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights High-grade results from depth at M1 South include; TAN17-DD165-WD1: 11.5m at 10.9 g/t Au from 551.5m including 1m at 90 g/t Au[[47]] TAN17-DD165-WD2: 12m at 27.45 g/t Au from 540m including 0.5m at 340 g/t Au[[47]] TAN17-DD166B: 13.5m at 18.21 g/t Au from 575m including 1m at 131.9 g/t Au[[47]] TAN17-DD166B: 2.5m at 43.97 g/t Au from 614m including 1m at 83.9 g/t Au TAN17-DD166B result extends mineralisation which remains open to the northwest and at depth A further 5 holes have intercepted visible gold (see photos) - assays pending Four drill rigs currently on-site double shifting, infilling and extending mineralisation Funded to complete all work programs with approximately $23m cash at bank Managing Director Richard Hyde commented: Deep drilling at M1 South has extended mineralisation to the northwest at more than 500m down plunge, remains wide open along strike and at depth. TAN17-DD166B intercepted two zones of high-grade mineralisation including 13.5m at 18.21 g/t Au from 575m and 2.5m at 43.97 g/t Au from 614m. Infill drilling has also returned high grade mineralisation up to 340 g/t gold, while assays are pending for a further 5 drill holes which have intercepted visible gold. The Company will deliver a resource update in Q1 2018, and an updated Feasibility Study in mid-2018. Click here to view the full ASX Announcement (http://email.launchpadcreative.com.au/t/r-l-jrjttdyk-qyhlitldk-y/)
HTML Completed News Release : 

West African hits 13.5m at 18.21 g/t Au at M1 South



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • High-grade results from depth at M1 South include;

 

  • TAN17-DD165-WD1: 11.5m at 10.9 g/t Au from 551.5m including 1m at 90 g/t Au­

 

  • TAN17-DD165-WD2: 12m at 27.45 g/t Au from 540m including 0.5m at 340 g/t Au­

 

  • TAN17-DD166B: 13.5m at 18.21 g/t Au from 575m including 1m at 131.9 g/t Au­

 

  • TAN17-DD166B: 2.5m at 43.97 g/t Au from 614m including 1m at 83.9 g/t Au

 

  • TAN17-DD166B result extends mineralisation which remains open to the northwest and at depth

 

  • A further 5 holes have intercepted visible gold (see photos) - assays pending

 

  • Four drill rigs currently on-site double shifting, infilling and extending mineralisation

 

  • Funded to complete all work programs with approximately $23m cash at bank

 

Managing Director Richard Hyde commented:

 

“Deep drilling at M1 South has extended mineralisation to the northwest at more than 500m down plunge, remains wide open along strike and at depth.

 

“TAN17-DD166B intercepted two zones of high-grade mineralisation including 13.5m at 18.21 g/t Au from 575m and 2.5m at 43.97 g/t Au from 614m.

 

“Infill drilling has also returned high grade mineralisation up to 340 g/t gold, while assays are pending for a further 5 drill holes which have intercepted visible gold.

 

“The Company will deliver a resource update in Q1 2018, and an updated Feasibility Study in mid-2018.”

 

Click here to view the full ASX Announcement



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/WestAfrican11292017.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. http://www.fscwire.com

 

Copyright © 2017 Filing Services Canada Inc.





ASCII Completed News Release: 
West African hits 13.5m at 18.21 g/t Au at M1 South Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights High-grade results from depth at M1 South include; TAN17-DD165-WD1: 11.5m at 10.9 g/t Au from 551.5m including 1m at 90 g/t Au[[47]] TAN17-DD165-WD2: 12m at 27.45 g/t Au from 540m including 0.5m at 340 g/t Au[[47]] TAN17-DD166B: 13.5m at 18.21 g/t Au from 575m including 1m at 131.9 g/t Au[[47]] TAN17-DD166B: 2.5m at 43.97 g/t Au from 614m including 1m at 83.9 g/t Au TAN17-DD166B result extends mineralisation which remains open to the northwest and at depth A further 5 holes have intercepted visible gold (see photos) - assays pending Four drill rigs currently on-site double shifting, infilling and extending mineralisation Funded to complete all work programs with approximately $23m cash at bank Managing Director Richard Hyde commented: Deep drilling at M1 South has extended mineralisation to the northwest at more than 500m down plunge, remains wide open along strike and at depth. TAN17-DD166B intercepted two zones of high-grade mineralisation including 13.5m at 18.21 g/t Au from 575m and 2.5m at 43.97 g/t Au from 614m. Infill drilling has also returned high grade mineralisation up to 340 g/t gold, while assays are pending for a further 5 drill holes which have intercepted visible gold. The Company will deliver a resource update in Q1 2018, and an updated Feasibility Study in mid-2018. Click here to view the full ASX Announcement (http://email.launchpadcreative.com.au/t/r-l-jrjttdyk-qyhlitldk-y/) To view this press release as a PDF file, click onto the following link: https://fscwire.com/sites/default/files/news_release_pdf/WestAfrican11292017.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 Filing Services Canada Inc.
Location: 
Scarborough , Australia
HTML News Headline: 
West African hits 13.5m at 18.21 g/t Au at M1 South
PDF File: 
PDF iconWestAfrican11292017.pdf
On Hold?: 
No

FSC Industry Code:

Tickers: 
  • TSX Venture
WAF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
Approve News Release?: 
Yes
Edit Type: 
Disseminate
US/Yahoo Release?: 
No
Requested Date: 
Wednesday, November 29, 2017 - 8:22pm

Service Level:

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Complete: 
No
Email Blast: 
No
Fax Dissemination: 
No

Status:

Complete: 
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Clip Report: 
Yes
Complete: 
No
SEDAR Filing: 
Yes
EDGAR Filing: 
No
Complete: 
Yes
Complete: 
No
Additional Comments: 
Changed date on pdf to Nov 29.
Is billing required for any service listed below? : 
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↧

West African Resources Files NI 43-101 Technical Report: Sanbrado Gold Project, Burkina Faso

December 13, 2017, 6:21 am
$
0
0

Company:

Scheduled Release Time: 
Wednesday, December 13, 2017 - 10:00 AM EST
ASCII Headline: 
West African Resources Files NI 43-101 Technical Report: Sanbrado Gold Project, Burkina Faso
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to advise that it has today filed a National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) regarding the 30 October 2017 resource upgrade for the Sanbrado Gold Project, Burkina Faso, as required by Canadian securities regulations.  The Technical Report is filed in support of our news release of October 30, 2017 relating to a resource update for the Sanbrado Gold Project.

 

The independently authored Technical Report was prepared in accordance with the requirements NI 43-101 and complies with the 2012 JORC Code. The Technical Report details the resource update for the M1 South and M5 deposits only, and restates findings of the February 20 2017 open pit feasibility study which will be updated in mid-2018.  Reports can be found on the West African Resources website (www.westafricanresources.com) and under our profile on the SEDAR website (www.sedar.com).

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

For further information contact:

 

Nathan Ryan

NWR Communications

Ph: +61 420 582 887

Email: nathan.ryan@nwrcommunications.com.au

 

Richard Hyde

West African Resources

Ph: +61 8 94817344

Email: info@westafricanresources.com

ASCII Body: 
Perth, Western Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to advise that it has today filed a National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) regarding the 30 October 2017 resource upgrade for the Sanbrado Gold Project, Burkina Faso, as required by Canadian securities regulations. The Technical Report is filed in support of our news release of October 30, 2017 relating to a resource update for the Sanbrado Gold Project. The independently authored Technical Report was prepared in accordance with the requirements NI 43-101 and complies with the 2012 JORC Code. The Technical Report details the resource update for the M1 South and M5 deposits only, and restates findings of the February 20 2017 open pit feasibility study which will be updated in mid-2018. Reports can be found on the West African Resources website (www.westafricanresources.com) and under our profile on the SEDAR website (www.sedar.com (http://www.sedar.com)). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information contact: Nathan Ryan NWR Communications Ph: +61 420 582 887 Email: nathan.ryan@nwrcommunications.com.au Richard Hyde West African Resources Ph: +61 8 94817344 Email: info@westafricanresources.com (mailto:info@westafricanresources.com)
HTML Completed News Release : 

West African Resources Files NI 43-101 Technical Report: Sanbrado Gold Project, Burkina Faso



Perth, Western Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to advise that it has today filed a National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) regarding the 30 October 2017 resource upgrade for the Sanbrado Gold Project, Burkina Faso, as required by Canadian securities regulations.  The Technical Report is filed in support of our news release of October 30, 2017 relating to a resource update for the Sanbrado Gold Project.

 

The independently authored Technical Report was prepared in accordance with the requirements NI 43-101 and complies with the 2012 JORC Code. The Technical Report details the resource update for the M1 South and M5 deposits only, and restates findings of the February 20 2017 open pit feasibility study which will be updated in mid-2018.  Reports can be found on the West African Resources website (www.westafricanresources.com) and under our profile on the SEDAR website (www.sedar.com).

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

For further information contact:

 

Nathan Ryan

NWR Communications

Ph: +61 420 582 887

Email: nathan.ryan@nwrcommunications.com.au

 

Richard Hyde

West African Resources

Ph: +61 8 94817344

Email: info@westafricanresources.com



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/WestAfrican12132017.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. http://www.fscwire.com

 

Copyright © 2017 FSCwire





ASCII Completed News Release: 
West African Resources Files NI 43-101 Technical Report: Sanbrado Gold Project, Burkina Faso Perth, Western Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to advise that it has today filed a National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) regarding the 30 October 2017 resource upgrade for the Sanbrado Gold Project, Burkina Faso, as required by Canadian securities regulations. The Technical Report is filed in support of our news release of October 30, 2017 relating to a resource update for the Sanbrado Gold Project. The independently authored Technical Report was prepared in accordance with the requirements NI 43-101 and complies with the 2012 JORC Code. The Technical Report details the resource update for the M1 South and M5 deposits only, and restates findings of the February 20 2017 open pit feasibility study which will be updated in mid-2018. Reports can be found on the West African Resources website (www.westafricanresources.com) and under our profile on the SEDAR website (www.sedar.com (http://www.sedar.com)). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information contact: Nathan Ryan NWR Communications Ph: +61 420 582 887 Email: nathan.ryan@nwrcommunications.com.au Richard Hyde West African Resources Ph: +61 8 94817344 Email: info@westafricanresources.com (mailto:info@westafricanresources.com) To view this press release as a PDF file, click onto the following link: https://ww4.fscwire.com/sites/default/files/news_release_pdf/WestAfrican12132017.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2017 FSCwire
Location: 
Perth, Western Australia
HTML News Headline: 
West African Resources Files NI 43-101 Technical Report: Sanbrado Gold Project, Burkina Faso
PDF File: 
PDF iconWestAfrican12132017.pdf
On Hold?: 
No

FSC Industry Code:

Tickers: 
  • TSX Venture
WAF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
Approve News Release?: 
Yes
Edit Type: 
Disseminate
US/Yahoo Release?: 
No
Requested Date: 
Wednesday, December 13, 2017 - 9:20am

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Email Blast: 
No
Fax Dissemination: 
No

Status:

Complete: 
No
Clip Report: 
Yes
Complete: 
No
SEDAR Filing: 
Yes
EDGAR Filing: 
No
Complete: 
Yes
Complete: 
No
Is billing required for any service listed below? : 
Yes
One Off Dissemination?: 
Yes
Number of Words: 
254
Graphics Hosting: 
No
Table Formatting*: 
No
After Hours: 
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↧
↧

West African Resources Limited: 10m at 54.2 g/t Au Including 2m at 247 g/t Au at M1 South

January 11, 2018, 5:14 pm
$
0
0

Company:

Scheduled Release Time: 
Thursday, January 11, 2018 - 8:19 PM EST
ASCII Headline: 
West African Resources Limited: 10m at 54.2 g/t Au Including 2m at 247 g/t Au at M1 South
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

-  High-grade results from depth at M1 South include;

  • TAN17-DD166B-WD1: 4m at 74.4 g/t Au from 567.5m including 0.5m at 520 g/t Au
  • TAN17-DD166B-WD2: 9m at 17.18 g/t Au from 551.5m including 1m at 111 g/t Au
  • TAN17-DD169: 5m at 10.42 g/t Au from 486m including 1m at 44 g/t Au
  • TAN17-DD169: 16.5m at 15.68 g/t Au from 511m including 0.5m at 154 g/t Au
  • TAN17-DD169-WD1: 3.5m at 30.46 g/t Au from 469m including at 0.5m at 198 g/t Au
  • TAN17-DD169-WD1: 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au

-  Current drilling targeting upgrade of Inferred resources at depth

-  Four drill rigs currently on-site double shifting, infilling and extending mineralisation

-  Funded to complete all work programs with approximately $20m cash at bank

 

Managing Director Richard Hyde commented:

 

“TAN17-DD169-WD1 intercepted two zones of high-grade mineralisation including 3.5m at 30.46 g/t Au from 469m including at 0.5m 198 g/t Au and 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au.

 

“New results will upgrade existing Inferred Resources in terms of both category and grade, which will allow inclusion in future mine plans.

 

“The Company will release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018.”

 

Click here to view the full ASX announcement

ASCII Body: 
Scarborough, Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights - High-grade results from depth at M1 South include; TAN17-DD166B-WD1: 4m at 74.4 g/t Au from 567.5m including 0.5m at 520 g/t Au TAN17-DD166B-WD2: 9m at 17.18 g/t Au from 551.5m including 1m at 111 g/t Au TAN17-DD169: 5m at 10.42 g/t Au from 486m including 1m at 44 g/t Au TAN17-DD169: 16.5m at 15.68 g/t Au from 511m including 0.5m at 154 g/t Au TAN17-DD169-WD1: 3.5m at 30.46 g/t Au from 469m including at 0.5m at 198 g/t Au TAN17-DD169-WD1: 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au - Current drilling targeting upgrade of Inferred resources at depth - Four drill rigs currently on-site double shifting, infilling and extending mineralisation - Funded to complete all work programs with approximately $20m cash at bank Managing Director Richard Hyde commented: TAN17-DD169-WD1 intercepted two zones of high-grade mineralisation including 3.5m at 30.46 g/t Au from 469m including at 0.5m 198 g/t Au and 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au. New results will upgrade existing Inferred Resources in terms of both category and grade, which will allow inclusion in future mine plans. The Company will release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018. Click here to view the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jrddyhtd-qyhlitldk-y/)
HTML Completed News Release : 

West African Resources Limited: 10m at 54.2 g/t Au Including 2m at 247 g/t Au at M1 South



Scarborough, Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

-  High-grade results from depth at M1 South include;

  • TAN17-DD166B-WD1: 4m at 74.4 g/t Au from 567.5m including 0.5m at 520 g/t Au
  • TAN17-DD166B-WD2: 9m at 17.18 g/t Au from 551.5m including 1m at 111 g/t Au
  • TAN17-DD169: 5m at 10.42 g/t Au from 486m including 1m at 44 g/t Au
  • TAN17-DD169: 16.5m at 15.68 g/t Au from 511m including 0.5m at 154 g/t Au
  • TAN17-DD169-WD1: 3.5m at 30.46 g/t Au from 469m including at 0.5m at 198 g/t Au
  • TAN17-DD169-WD1: 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au

-  Current drilling targeting upgrade of Inferred resources at depth

-  Four drill rigs currently on-site double shifting, infilling and extending mineralisation

-  Funded to complete all work programs with approximately $20m cash at bank

 

Managing Director Richard Hyde commented:

 

“TAN17-DD169-WD1 intercepted two zones of high-grade mineralisation including 3.5m at 30.46 g/t Au from 469m including at 0.5m 198 g/t Au and 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au.

 

“New results will upgrade existing Inferred Resources in terms of both category and grade, which will allow inclusion in future mine plans.

 

“The Company will release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018.”

 

Click here to view the full ASX announcement



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/WestAfrican01112018.pdf

Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. https://www.fscwire.com

 

Copyright © 2018 FSCwire





ASCII Completed News Release: 
West African Resources Limited: 10m at 54.2 g/t Au Including 2m at 247 g/t Au at M1 South Scarborough, Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights - High-grade results from depth at M1 South include; TAN17-DD166B-WD1: 4m at 74.4 g/t Au from 567.5m including 0.5m at 520 g/t Au TAN17-DD166B-WD2: 9m at 17.18 g/t Au from 551.5m including 1m at 111 g/t Au TAN17-DD169: 5m at 10.42 g/t Au from 486m including 1m at 44 g/t Au TAN17-DD169: 16.5m at 15.68 g/t Au from 511m including 0.5m at 154 g/t Au TAN17-DD169-WD1: 3.5m at 30.46 g/t Au from 469m including at 0.5m at 198 g/t Au TAN17-DD169-WD1: 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au - Current drilling targeting upgrade of Inferred resources at depth - Four drill rigs currently on-site double shifting, infilling and extending mineralisation - Funded to complete all work programs with approximately $20m cash at bank Managing Director Richard Hyde commented: TAN17-DD169-WD1 intercepted two zones of high-grade mineralisation including 3.5m at 30.46 g/t Au from 469m including at 0.5m 198 g/t Au and 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au. New results will upgrade existing Inferred Resources in terms of both category and grade, which will allow inclusion in future mine plans. The Company will release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018. Click here to view the full ASX announcement (http://email.launchpadcreative.com.au/t/r-l-jrddyhtd-qyhlitldk-y/) To view this press release as a PDF file, click onto the following link: https://fscwire.com/sites/default/files/news_release_pdf/WestAfrican01112018.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. https://www.fscwire.com Copyright(C)2018 FSCwire
Location: 
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HTML News Headline: 
West African Resources Limited: 10m at 54.2 g/t Au Including 2m at 247 g/t Au at M1 South
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December 2017 Quarterly Report

January 31, 2018, 2:07 pm
$
0
0

Company:

Scheduled Release Time: 
Wednesday, January 31, 2018 - 6:40 PM EST
ASCII Headline: 
December 2017 Quarterly Report
HTML Body: 

West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 31 December 2017.

 

Highlights

 

Sanbrado Gold Project

 

M1 South

 

  • 150% increase of Indicated Resource ounces and 100% increase in Indicated Resource grade
  • Total Resource (Open Pit + Underground1) of:
  • - 1.2Mt at 14.4 g/t Au for 556,000 ounces gold (Indicated)
  • - 0.41Mt at 14.4 g/t Au for 191,000 ounces gold (Inferred)
  • Mineralisation remains wide open and fertile at depth, drilling ongoing with up to six rigs on site
  • High-grade results from depth at M1 South included:

- TAN17-DD165-WD1: 11.5m at 10.9 g/t Au from 551.5m including 1m at 90 g/t Au

- TAN17-DD165-WD2: 12m at 27.45 g/t Au from 540m including 0.5m at 340 g/t Au

- TAN17-DD166B: 13.5m at 18.21 g/t Au from 575m including 1m at 131.9 g/t Au

- TAN17-DD166B: 2.5m at 43.97 g/t Au from 614m including 1m at 83.9 g/t Au

- TAN17-DD166B-WD1: 4m at 74.4 g/t Au from 567.5m including 0.5m at 520 g/t Au

- TAN17-DD166B-WD2: 9m at 17.18 g/t Au from 551.5m including 1m at 111 g/t Au

- TAN17-DD169: 5m at 10.42 g/t Au from 486m including 1m at 44 g/t Au

- TAN17-DD169: 16.5m at 15.68 g/t Au from 511m including 0.5m at 154 g/t Au

- TAN17-DD169-WD1: 3.5m at 30.46 g/t Au from 469m including at 0.5m at 198 g/t Au

- TAN17-DD169-WD1: 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au

 

M5 Deposit

 

  • 40% increase in Indicated Resources, 7% increase in grade
  • Total Resource2 of:

- 35.9Mt at 1.3 g/t Au for 1,460,000 ounces gold (Indicated)

- 12Mt at 1.1 g/t Au for 410,000 ounces gold (Inferred)

  • Aggressive drilling to continue for the 2018 season
  • Updated resource estimate expected Q1 2018
  • Updated feasibility study incorporating open-pit and underground mining on track for mid-2018
  • Funded to complete all work programs

 

Corporate

 

  • $21m cash at bank and no debt

 

December 2017 Quarter Summary

 

  • 11,247m drilled
  • $5.7m Exploration and Development Expenditure
  • $0.5m Administration Costs
  • $21m cash at bank at 31 December 2017

 

March 2018 Quarter Plans

 

  • Complete resource update
  • Continue aggressive drill program with six rigs onsite at M1 South and M5
  • Continue Feasibility Studies

 

Click here for the full Quarterly Activities Report

ASCII Body: 
Scarborough, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 31 December 2017. Highlights Sanbrado Gold Project M1 South 150% increase of Indicated Resource ounces and 100% increase in Indicated Resource grade Total Resource (Open Pit + Underground1) of: - 1.2Mt at 14.4 g/t Au for 556,000 ounces gold (Indicated) - 0.41Mt at 14.4 g/t Au for 191,000 ounces gold (Inferred) Mineralisation remains wide open and fertile at depth, drilling ongoing with up to six rigs on site High-grade results from depth at M1 South included: - TAN17-DD165-WD1: 11.5m at 10.9 g/t Au from 551.5m including 1m at 90 g/t Au - TAN17-DD165-WD2: 12m at 27.45 g/t Au from 540m including 0.5m at 340 g/t Au - TAN17-DD166B: 13.5m at 18.21 g/t Au from 575m including 1m at 131.9 g/t Au - TAN17-DD166B: 2.5m at 43.97 g/t Au from 614m including 1m at 83.9 g/t Au - TAN17-DD166B-WD1: 4m at 74.4 g/t Au from 567.5m including 0.5m at 520 g/t Au - TAN17-DD166B-WD2: 9m at 17.18 g/t Au from 551.5m including 1m at 111 g/t Au - TAN17-DD169: 5m at 10.42 g/t Au from 486m including 1m at 44 g/t Au - TAN17-DD169: 16.5m at 15.68 g/t Au from 511m including 0.5m at 154 g/t Au - TAN17-DD169-WD1: 3.5m at 30.46 g/t Au from 469m including at 0.5m at 198 g/t Au - TAN17-DD169-WD1: 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au M5 Deposit 40% increase in Indicated Resources, 7% increase in grade Total Resource2 of: - 35.9Mt at 1.3 g/t Au for 1,460,000 ounces gold (Indicated) - 12Mt at 1.1 g/t Au for 410,000 ounces gold (Inferred) Aggressive drilling to continue for the 2018 season Updated resource estimate expected Q1 2018 Updated feasibility study incorporating open-pit and underground mining on track for mid-2018 Funded to complete all work programs Corporate $21m cash at bank and no debt December 2017 Quarter Summary 11,247m drilled $5.7m Exploration and Development Expenditure $0.5m Administration Costs $21m cash at bank at 31 December 2017 March 2018 Quarter Plans Complete resource update Continue aggressive drill program with six rigs onsite at M1 South and M5 Continue Feasibility Studies Click here for the full Quarterly Activities Report (http://email.launchpadcreative.com.au/t/r-l-jrkyqhk-qyhlitldk-y/)
HTML Completed News Release : 

December 2017 Quarterly Report



Scarborough, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 31 December 2017.

 

Highlights

 

Sanbrado Gold Project

 

M1 South

 

  • 150% increase of Indicated Resource ounces and 100% increase in Indicated Resource grade
  • Total Resource (Open Pit + Underground1) of:
  • - 1.2Mt at 14.4 g/t Au for 556,000 ounces gold (Indicated)
  • - 0.41Mt at 14.4 g/t Au for 191,000 ounces gold (Inferred)
  • Mineralisation remains wide open and fertile at depth, drilling ongoing with up to six rigs on site
  • High-grade results from depth at M1 South included:

- TAN17-DD165-WD1: 11.5m at 10.9 g/t Au from 551.5m including 1m at 90 g/t Au

- TAN17-DD165-WD2: 12m at 27.45 g/t Au from 540m including 0.5m at 340 g/t Au

- TAN17-DD166B: 13.5m at 18.21 g/t Au from 575m including 1m at 131.9 g/t Au

- TAN17-DD166B: 2.5m at 43.97 g/t Au from 614m including 1m at 83.9 g/t Au

- TAN17-DD166B-WD1: 4m at 74.4 g/t Au from 567.5m including 0.5m at 520 g/t Au

- TAN17-DD166B-WD2: 9m at 17.18 g/t Au from 551.5m including 1m at 111 g/t Au

- TAN17-DD169: 5m at 10.42 g/t Au from 486m including 1m at 44 g/t Au

- TAN17-DD169: 16.5m at 15.68 g/t Au from 511m including 0.5m at 154 g/t Au

- TAN17-DD169-WD1: 3.5m at 30.46 g/t Au from 469m including at 0.5m at 198 g/t Au

- TAN17-DD169-WD1: 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au

 

M5 Deposit

 

  • 40% increase in Indicated Resources, 7% increase in grade
  • Total Resource2 of:

- 35.9Mt at 1.3 g/t Au for 1,460,000 ounces gold (Indicated)

- 12Mt at 1.1 g/t Au for 410,000 ounces gold (Inferred)

  • Aggressive drilling to continue for the 2018 season
  • Updated resource estimate expected Q1 2018
  • Updated feasibility study incorporating open-pit and underground mining on track for mid-2018
  • Funded to complete all work programs

 

Corporate

 

  • $21m cash at bank and no debt

 

December 2017 Quarter Summary

 

  • 11,247m drilled
  • $5.7m Exploration and Development Expenditure
  • $0.5m Administration Costs
  • $21m cash at bank at 31 December 2017

 

March 2018 Quarter Plans

 

  • Complete resource update
  • Continue aggressive drill program with six rigs onsite at M1 South and M5
  • Continue Feasibility Studies

 

Click here for the full Quarterly Activities Report



To view the associated document to this release, please click on the following link:
public://news_release_pdf/WestAfrican01312018.pdf

To view the original release, please click here



Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. https://www.fscwire.com

 
 

Copyright © 2018 FSCwire





ASCII Completed News Release: 
December 2017 Quarterly Report Scarborough, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 31 December 2017. Highlights Sanbrado Gold Project M1 South 150% increase of Indicated Resource ounces and 100% increase in Indicated Resource grade Total Resource (Open Pit + Underground1) of: - 1.2Mt at 14.4 g/t Au for 556,000 ounces gold (Indicated) - 0.41Mt at 14.4 g/t Au for 191,000 ounces gold (Inferred) Mineralisation remains wide open and fertile at depth, drilling ongoing with up to six rigs on site High-grade results from depth at M1 South included: - TAN17-DD165-WD1: 11.5m at 10.9 g/t Au from 551.5m including 1m at 90 g/t Au - TAN17-DD165-WD2: 12m at 27.45 g/t Au from 540m including 0.5m at 340 g/t Au - TAN17-DD166B: 13.5m at 18.21 g/t Au from 575m including 1m at 131.9 g/t Au - TAN17-DD166B: 2.5m at 43.97 g/t Au from 614m including 1m at 83.9 g/t Au - TAN17-DD166B-WD1: 4m at 74.4 g/t Au from 567.5m including 0.5m at 520 g/t Au - TAN17-DD166B-WD2: 9m at 17.18 g/t Au from 551.5m including 1m at 111 g/t Au - TAN17-DD169: 5m at 10.42 g/t Au from 486m including 1m at 44 g/t Au - TAN17-DD169: 16.5m at 15.68 g/t Au from 511m including 0.5m at 154 g/t Au - TAN17-DD169-WD1: 3.5m at 30.46 g/t Au from 469m including at 0.5m at 198 g/t Au - TAN17-DD169-WD1: 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au M5 Deposit 40% increase in Indicated Resources, 7% increase in grade Total Resource2 of: - 35.9Mt at 1.3 g/t Au for 1,460,000 ounces gold (Indicated) - 12Mt at 1.1 g/t Au for 410,000 ounces gold (Inferred) Aggressive drilling to continue for the 2018 season Updated resource estimate expected Q1 2018 Updated feasibility study incorporating open-pit and underground mining on track for mid-2018 Funded to complete all work programs Corporate $21m cash at bank and no debt December 2017 Quarter Summary 11,247m drilled $5.7m Exploration and Development Expenditure $0.5m Administration Costs $21m cash at bank at 31 December 2017 March 2018 Quarter Plans Complete resource update Continue aggressive drill program with six rigs onsite at M1 South and M5 Continue Feasibility Studies Click here for the full Quarterly Activities Report (http://email.launchpadcreative.com.au/t/r-l-jrkyqhk-qyhlitldk-y/) To view the associated document to this release, please click on the following link: https://fscwire.com/sites/default/files/news_release_pdf/WestAfrican01312018.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. https://www.fscwire.com Copyright(C)2018 FSCwire
Location: 
Scarborough, Australia
HTML News Headline: 
December 2017 Quarterly Report
PDF File: 
PDF iconWestAfrican01312018.pdf
On Hold?: 
No

FSC Industry Code:

Tickers: 
  • TSX Venture
WAF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
Approve News Release?: 
Yes
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Disseminate
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Requested Date: 
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Asked client about the headline. Used pdf from their website. Sent client 4 emails. Will call if they do not respond by 4:39 pm MT.
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Search

West African hits 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au at M1 South

February 5, 2018, 12:20 am
$
0
0

Company:

Scheduled Release Time: 
Monday, February 05, 2018 - 3:35 AM EST
ASCII Headline: 
West African hits 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au at M1 South
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • High-grade results from depth at M1 South include;
    • TAN17-DD174A 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au
    • TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au
    • TAN17-DD179 13m at 5.26 g/t Au from 425.5m
    • TAN17-DD179 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au
    • TAN17-DD179-WD1 8.5m at 7.4 g/t Au from 403.5m
    • TAN17-DD179-WD1 6m at 25.95 g/t Au from 419.5m including 0.5m at 220 g/t Au
  • Current drilling targeting upgrade of Inferred resources at depth
  • Four drill rigs currently on-site double shifting, infilling and extending mineralisation
  • Funded to complete all work programs with approximately $21m cash at bank

 

Managing Director Richard Hyde commented:

“Diamond drilling intercepted a solid zone of high-grade mineralisation of 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au.

“Drilling also intercepted two high grade zones 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au.

“Both of these results will improve the grade and category of mineralisation at M1 South.

“The Company will release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018.”

 

M1 South Drilling Program

 

Drilling at M1 South is currently targeting infill of Inferred Resources 350-500m below surface on at least 25m x 25m pattern.  The primary aim of this drilling program is to upgrade Inferred material to Indicated category which will be included in the underground mine schedule to be incorporated in the Feasibility Study due for completion in mid-2018.  This drilling program is providing essential structural information and needs to be completed before extensional drilling recommences at +500m below surface.

 

Recent drilling has demonstrated excellent continuity of high grade gold mineralisation in areas of previously sparsely drilled Inferred Resources.  TAN17-DD174A intercepted 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au, while intercepted TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au.     Given the grade and tenor of recent results, it is expected that Inferred Resources will be upgraded in terms of both category and grade.

 

Individual results through mineralisation in TAN17-DDDD174A is presented below in Tables 1.  A summary long-section through the M1 South is presented as Figure 1, along with a location plan as Figure 2.  Visible gold in TAN17-DD174A is also presented as Photos 1-3 below.

 

Table 1: TAN17-DD174A
14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au

Hole ID

From

To

Au g/t

TAN17-DD174A

447.5

448

0.02

TAN17-DD174A

448

448.5

0.08

TAN17-DD174A

448.5

449

17.9

TAN17-DD174A

449

449.5

17.9

TAN17-DD174A

449.5

450

39.8

TAN17-DD174A

450

450.5

6.61

TAN17-DD174A

450.5

451

8.06

TAN17-DD174A

451

451.5

2.58

TAN17-DD174A

451.5

452

4.97

TAN17-DD174A

452

452.5

9.07

TAN17-DD174A

452.5

453

5.31

TAN17-DD174A

453

453.5

0.94

TAN17-DD174A

453.5

454

0.08

TAN17-DD174A

454

454.5

0.21

TAN17-DD174A

454.5

455

1.11

TAN17-DD174A

455

455.5

4.69

TAN17-DD174A

455.5

456

1.37

TAN17-DD174A

456

456.5

18.0

TAN17-DD174A

456.5

457

0.55

TAN17-DD174A

457

457.5

5.38

TAN17-DD174A

457.5

458

8.65

TAN17-DD174A

458

458.5

57.7

TAN17-DD174A

458.5

459

19.8

TAN17-DD174A

459

459.5

1.32

TAN17-DD174A

459.5

460

1.46

TAN17-DD174A

460

460.5

1.34

TAN17-DD174A

460.5

461

2.13

TAN17-DD174A

461

461.5

2.15

TAN17-DD174A

461.5

462

2.25

TAN17-DD174A

462

462.5

860

TAN17-DD174A

462.5

463

0.55

TAN17-DD174A

463

463.5

0.63

TAN17-DD174A

463.5

464

0.41

TAN17-DD174A

464

464.5

0.61

 

 

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights High-grade results from depth at M1 South include; TAN17-DD174A 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au TAN17-DD179 13m at 5.26 g/t Au from 425.5m TAN17-DD179 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au TAN17-DD179-WD1 8.5m at 7.4 g/t Au from 403.5m TAN17-DD179-WD1 6m at 25.95 g/t Au from 419.5m including 0.5m at 220 g/t Au Current drilling targeting upgrade of Inferred resources at depth Four drill rigs currently on-site double shifting, infilling and extending mineralisation Funded to complete all work programs with approximately $21m cash at bank [[TABLE]] M1 South Drilling Program Drilling at M1 South is currently targeting infill of Inferred Resources 350-500m below surface on at least 25m x 25m pattern. The primary aim of this drilling program is to upgrade Inferred material to Indicated category which will be included in the underground mine schedule to be incorporated in the Feasibility Study due for completion in mid-2018. This drilling program is providing essential structural information and needs to be completed before extensional drilling recommences at +500m below surface. Recent drilling has demonstrated excellent continuity of high grade gold mineralisation in areas of previously sparsely drilled Inferred Resources. TAN17-DD174A intercepted 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au, while intercepted TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au. Given the grade and tenor of recent results, it is expected that Inferred Resources will be upgraded in terms of both category and grade. Individual results through mineralisation in TAN17-DDDD174A is presented below in Tables 1. A summary long-section through the M1 South is presented as Figure 1, along with a location plan as Figure 2. Visible gold in TAN17-DD174A is also presented as Photos 1-3 below. [[TABLE]]
HTML Completed News Release : 

West African hits 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au at M1 South



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • High-grade results from depth at M1 South include;
    • TAN17-DD174A 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au
    • TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au
    • TAN17-DD179 13m at 5.26 g/t Au from 425.5m
    • TAN17-DD179 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au
    • TAN17-DD179-WD1 8.5m at 7.4 g/t Au from 403.5m
    • TAN17-DD179-WD1 6m at 25.95 g/t Au from 419.5m including 0.5m at 220 g/t Au
  • Current drilling targeting upgrade of Inferred resources at depth
  • Four drill rigs currently on-site double shifting, infilling and extending mineralisation
  • Funded to complete all work programs with approximately $21m cash at bank

 

Managing Director Richard Hyde commented:

“Diamond drilling intercepted a solid zone of high-grade mineralisation of 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au.

“Drilling also intercepted two high grade zones 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au.

“Both of these results will improve the grade and category of mineralisation at M1 South.

“The Company will release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018.”

 

M1 South Drilling Program

 

Drilling at M1 South is currently targeting infill of Inferred Resources 350-500m below surface on at least 25m x 25m pattern.  The primary aim of this drilling program is to upgrade Inferred material to Indicated category which will be included in the underground mine schedule to be incorporated in the Feasibility Study due for completion in mid-2018.  This drilling program is providing essential structural information and needs to be completed before extensional drilling recommences at +500m below surface.

 

Recent drilling has demonstrated excellent continuity of high grade gold mineralisation in areas of previously sparsely drilled Inferred Resources.  TAN17-DD174A intercepted 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au, while intercepted TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au.     Given the grade and tenor of recent results, it is expected that Inferred Resources will be upgraded in terms of both category and grade.

 

Individual results through mineralisation in TAN17-DDDD174A is presented below in Tables 1.  A summary long-section through the M1 South is presented as Figure 1, along with a location plan as Figure 2.  Visible gold in TAN17-DD174A is also presented as Photos 1-3 below.

 

Table 1: TAN17-DD174A
14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au

Hole ID

From

To

Au g/t

TAN17-DD174A

447.5

448

0.02

TAN17-DD174A

448

448.5

0.08

TAN17-DD174A

448.5

449

17.9

TAN17-DD174A

449

449.5

17.9

TAN17-DD174A

449.5

450

39.8

TAN17-DD174A

450

450.5

6.61

TAN17-DD174A

450.5

451

8.06

TAN17-DD174A

451

451.5

2.58

TAN17-DD174A

451.5

452

4.97

TAN17-DD174A

452

452.5

9.07

TAN17-DD174A

452.5

453

5.31

TAN17-DD174A

453

453.5

0.94

TAN17-DD174A

453.5

454

0.08

TAN17-DD174A

454

454.5

0.21

TAN17-DD174A

454.5

455

1.11

TAN17-DD174A

455

455.5

4.69

TAN17-DD174A

455.5

456

1.37

TAN17-DD174A

456

456.5

18.0

TAN17-DD174A

456.5

457

0.55

TAN17-DD174A

457

457.5

5.38

TAN17-DD174A

457.5

458

8.65

TAN17-DD174A

458

458.5

57.7

TAN17-DD174A

458.5

459

19.8

TAN17-DD174A

459

459.5

1.32

TAN17-DD174A

459.5

460

1.46

TAN17-DD174A

460

460.5

1.34

TAN17-DD174A

460.5

461

2.13

TAN17-DD174A

461

461.5

2.15

TAN17-DD174A

461.5

462

2.25

TAN17-DD174A

462

462.5

860

TAN17-DD174A

462.5

463

0.55

TAN17-DD174A

463

463.5

0.63

TAN17-DD174A

463.5

464

0.41

TAN17-DD174A

464

464.5

0.61

 

 



To view the associated document to this release, please click on the following link:
public://news_release_pdf/westafrican02052018a.pdf

To view the original release, please click here



Source: West African Resources Ltd (TSX Venture:WAF)

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ASCII Completed News Release: 
West African hits 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au at M1 South Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights High-grade results from depth at M1 South include; TAN17-DD174A 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au TAN17-DD179 13m at 5.26 g/t Au from 425.5m TAN17-DD179 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au TAN17-DD179-WD1 8.5m at 7.4 g/t Au from 403.5m TAN17-DD179-WD1 6m at 25.95 g/t Au from 419.5m including 0.5m at 220 g/t Au Current drilling targeting upgrade of Inferred resources at depth Four drill rigs currently on-site double shifting, infilling and extending mineralisation Funded to complete all work programs with approximately $21m cash at bank [[TABLE]] M1 South Drilling Program Drilling at M1 South is currently targeting infill of Inferred Resources 350-500m below surface on at least 25m x 25m pattern. The primary aim of this drilling program is to upgrade Inferred material to Indicated category which will be included in the underground mine schedule to be incorporated in the Feasibility Study due for completion in mid-2018. This drilling program is providing essential structural information and needs to be completed before extensional drilling recommences at +500m below surface. Recent drilling has demonstrated excellent continuity of high grade gold mineralisation in areas of previously sparsely drilled Inferred Resources. TAN17-DD174A intercepted 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au, while intercepted TAN17-DD179 1.5m at 194.47 g/t Au from 414.5m including 0.5m at 440 g/t Au and 12.5m at 17.3 g/t Au from 464.5m including 0.5m at 151 g/t Au. Given the grade and tenor of recent results, it is expected that Inferred Resources will be upgraded in terms of both category and grade. Individual results through mineralisation in TAN17-DDDD174A is presented below in Tables 1. A summary long-section through the M1 South is presented as Figure 1, along with a location plan as Figure 2. Visible gold in TAN17-DD174A is also presented as Photos 1-3 below. [[TABLE]] To view the associated document to this release, please click on the following link: https://ww4.fscwire.com/sites/default/files/news_release_pdf/westafrican02052018a.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. https://www.fscwire.com Copyright(C)2018 FSCwire
Location: 
Scarborough , Australia
HTML News Headline: 
West African hits 14m at 39.33 g/t Au from 448.5m including 0.5m at 860 g/t Au at M1 South
PDF File: 
PDF iconwestafrican02052018a.pdf
On Hold?: 
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  • WKN
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  • ISIN
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↧

West African to present at the 121 Conference, Cape Town

February 5, 2018, 12:48 am
$
0
0

Company:

Scheduled Release Time: 
Monday, February 05, 2018 - 3:55 AM EST
ASCII Headline: 
West African to present at the 121 Conference, Cape Town
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that the Company is participating in the 121 Conference, Cape Town, South Africa.

 

Richard Hyde, Managing Director of West African Resources, will deliver a corporate presentation at the conference on Monday, at 12:00pm on 5 February 2018 (local time in Cape Town).

 

The presentation will be posted to the Company’s website www.westafricanresources.com

 

Forfurtherinformation,contact:

 

Richard Hyde                                                     Nathan Ryan

Managing Director                                           Investor Relations

Ph: 08 9481 7344                                               Ph: 0420 582 887

Email: info@westafricanresources.com

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that the Company is participating in the 121 Conference, Cape Town, South Africa. Richard Hyde, Managing Director of West African Resources, will deliver a corporate presentation at the conference on Monday, at 12:00pm on 5 February 2018 (local time in Cape Town). The presentation will be posted to the Companys website www.westafricanresources.com (http://www.westafricanresources.com/) For further information, contact: Richard Hyde Nathan Ryan Managing Director Investor Relations Ph: 08 9481 7344 Ph: 0420 582 887 Email: info@westafricanresources.com (mailto:info@westafricanresources.com)
HTML Completed News Release : 

West African to present at the 121 Conference, Cape Town



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that the Company is participating in the 121 Conference, Cape Town, South Africa.

 

Richard Hyde, Managing Director of West African Resources, will deliver a corporate presentation at the conference on Monday, at 12:00pm on 5 February 2018 (local time in Cape Town).

 

The presentation will be posted to the Company’s website www.westafricanresources.com

 

Forfurtherinformation,contact:

 

Richard Hyde                                                     Nathan Ryan

Managing Director                                           Investor Relations

Ph: 08 9481 7344                                               Ph: 0420 582 887

Email: info@westafricanresources.com



To view the associated document to this release, please click on the following link:
public://news_release_pdf/westafrican02052018b.pdf

To view the original release, please click here



Source: West African Resources Ltd (TSX Venture:WAF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. https://www.fscwire.com

 
 

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ASCII Completed News Release: 
West African to present at the 121 Conference, Cape Town Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that the Company is participating in the 121 Conference, Cape Town, South Africa. Richard Hyde, Managing Director of West African Resources, will deliver a corporate presentation at the conference on Monday, at 12:00pm on 5 February 2018 (local time in Cape Town). The presentation will be posted to the Companys website www.westafricanresources.com (http://www.westafricanresources.com/) For further information, contact: Richard Hyde Nathan Ryan Managing Director Investor Relations Ph: 08 9481 7344 Ph: 0420 582 887 Email: info@westafricanresources.com (mailto:info@westafricanresources.com) To view the associated document to this release, please click on the following link: https://ww4.fscwire.com/sites/default/files/news_release_pdf/westafrican02052018b.pdf Source: West African Resources Ltd (TSX Venture:WAF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. https://www.fscwire.com Copyright(C)2018 FSCwire
Location: 
Scarborough , Australia
HTML News Headline: 
West African to present at the 121 Conference, Cape Town
PDF File: 
PDF iconwestafrican02052018b.pdf
On Hold?: 
No

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WAF
  • WKN
A1CZBT
  • ISIN
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Approve News Release?: 
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Edit Type: 
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US/Yahoo Release?: 
No
Requested Date: 
Monday, February 5, 2018 - 3:48am

Service Level:

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Status:

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No
Fax Dissemination: 
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Status:

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No
Clip Report: 
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Complete: 
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SEDAR Filing: 
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EDGAR Filing: 
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Complete: 
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Is billing required for any service listed below? : 
Yes
One Off Dissemination?: 
Yes
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After Hours: 
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↧
↧

West African Hits 23m at 7.2 g/t Au at M5 Deep Visible Gold Intercepted at M1 South

March 5, 2018, 4:14 am
$
0
0

Company:

Scheduled Release Time: 
Monday, March 05, 2018 - 7:24 AM EST
ASCII Headline: 
West African Hits 23m at 7.2 g/t Au at M5 Deep Visible Gold Intercepted at M1 South
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • M1 South remains fertile and open at depth with visible gold intercepted in first step-down hole at 680m and 695m down hole

 

  • Deep drilling at M5 returns 11m at 4.5 g/t Au within 26m at 3.0g/t Au from 454m

 

  • Infill diamond drilling at M5 returns:

 

-  TAN17-DD180: 20m at 2.2g/t Au from 216m

 

-  TAN17-DD182: 18m at 2.2g/t Au from 259m

 

-  TAN18-DD185: 22m at 2.4g/t Au from 115m

 

-  TAN18-DD186: 23m at 7.2g/t Au from 102m

 

-  TAN18-DD188: 14m at 7.7g/t Au from 90m

 

  • Six drill rigs currently infilling and extending mineralisation at M1 and M5

 

  • Funded to complete all work programs with approximately $17m cash at bank

 

Managing Director Richard Hyde commented:

 

“The first step down hole at M1 South has intercepted visible gold in two zones at 680m and 695m down hole respectively, demonstrating the high-grade system is still open and fertile at depth.

“Deep drilling at the southern end of M5 has returned strong results at depth returning 11m at 4.5 g/t Au within 26m at 3.0 g/t Au.

 

“Infill drilling being completed within the proposed M5 open pit reserve will improve grade and category with diamond drilling returning 23m at 7.2g/t Au and 14m at 7.7g/t Au from 90m.

 

“The Company is on track to release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018.”

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ASCII Body: 
Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights M1 South remains fertile and open at depth with visible gold intercepted in first step-down hole at 680m and 695m down hole Deep drilling at M5 returns 11m at 4.5 g/t Au within 26m at 3.0g/t Au from 454m Infill diamond drilling at M5 returns: - TAN17-DD180: 20m at 2.2g/t Au from 216m - TAN17-DD182: 18m at 2.2g/t Au from 259m - TAN18-DD185: 22m at 2.4g/t Au from 115m - TAN18-DD186: 23m at 7.2g/t Au from 102m - TAN18-DD188: 14m at 7.7g/t Au from 90m Six drill rigs currently infilling and extending mineralisation at M1 and M5 Funded to complete all work programs with approximately $17m cash at bank [[TABLE]] Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com (http://www.sedar.com). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
HTML Completed News Release : 

West African Hits 23m at 7.2 g/t Au at M5 Deep Visible Gold Intercepted at M1 South



Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • M1 South remains fertile and open at depth with visible gold intercepted in first step-down hole at 680m and 695m down hole

 

  • Deep drilling at M5 returns 11m at 4.5 g/t Au within 26m at 3.0g/t Au from 454m

 

  • Infill diamond drilling at M5 returns:

 

-  TAN17-DD180: 20m at 2.2g/t Au from 216m

 

-  TAN17-DD182: 18m at 2.2g/t Au from 259m

 

-  TAN18-DD185: 22m at 2.4g/t Au from 115m

 

-  TAN18-DD186: 23m at 7.2g/t Au from 102m

 

-  TAN18-DD188: 14m at 7.7g/t Au from 90m

 

  • Six drill rigs currently infilling and extending mineralisation at M1 and M5

 

  • Funded to complete all work programs with approximately $17m cash at bank

 

Managing Director Richard Hyde commented:

 

“The first step down hole at M1 South has intercepted visible gold in two zones at 680m and 695m down hole respectively, demonstrating the high-grade system is still open and fertile at depth.

“Deep drilling at the southern end of M5 has returned strong results at depth returning 11m at 4.5 g/t Au within 26m at 3.0 g/t Au.

 

“Infill drilling being completed within the proposed M5 open pit reserve will improve grade and category with diamond drilling returning 23m at 7.2g/t Au and 14m at 7.7g/t Au from 90m.

 

“The Company is on track to release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018.”

Forward Looking Information

 

This news release contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed “forward looking”. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information.

 

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



To view the associated document to this release, please click on the following link:
public://news_release_pdf/WestAfrican03052018.pdf

To view the original release, please click here



Source: West African Resources Ltd (TSX Venture:WAF, OTC Bulletin Board: WFRSF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. https://www.fscwire.com

 
 

Copyright © 2018 FSCwire





ASCII Completed News Release: 
West African Hits 23m at 7.2 g/t Au at M5 Deep Visible Gold Intercepted at M1 South Scarborough , Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso. Highlights M1 South remains fertile and open at depth with visible gold intercepted in first step-down hole at 680m and 695m down hole Deep drilling at M5 returns 11m at 4.5 g/t Au within 26m at 3.0g/t Au from 454m Infill diamond drilling at M5 returns: - TAN17-DD180: 20m at 2.2g/t Au from 216m - TAN17-DD182: 18m at 2.2g/t Au from 259m - TAN18-DD185: 22m at 2.4g/t Au from 115m - TAN18-DD186: 23m at 7.2g/t Au from 102m - TAN18-DD188: 14m at 7.7g/t Au from 90m Six drill rigs currently infilling and extending mineralisation at M1 and M5 Funded to complete all work programs with approximately $17m cash at bank [[TABLE]] Forward Looking Information This news release contains forward-looking information within the meaning of applicable Canadian and Australian securities legislation, including information relating to West African's future financial or operating performance may be deemed forward looking. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, does not expect, plans, anticipates, does not anticipate, believes, intends, estimates, projects, potential, scheduled, forecast, budget and similar expressions, or that events or conditions will, would, may, could, should or might occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond West Africans ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if a mineral property is developed. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West Africans ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West Africans forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. West Africans forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and West African does not assume any obligation to update forward looking information if circumstances or managements beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African, please refer to West Africans financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com (http://www.sedar.com). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the associated document to this release, please click on the following link: https://ww4.fscwire.com/sites/default/files/news_release_pdf/WestAfrican03052018.pdf Source: West African Resources Ltd (TSX Venture:WAF, OTC Bulletin Board: WFRSF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. https://www.fscwire.com Copyright(C)2018 FSCwire
Location: 
Scarborough , Australia
HTML News Headline: 
West African Hits 23m at 7.2 g/t Au at M5 Deep Visible Gold Intercepted at M1 South
PDF File: 
PDF iconWestAfrican03052018.pdf
On Hold?: 
No

FSC Industry Code:

Tickers: 
  • TSX Venture
WAF
  • OTC Bulletin Board
WFRSF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
Approve News Release?: 
Yes
Edit Type: 
Disseminate
US/Yahoo Release?: 
No
Requested Date: 
Monday, March 5, 2018 - 7:13am

Service Level:

Social Feed: 
No

Status:

Complete: 
No
Email Blast: 
No
Fax Dissemination: 
No

Status:

Complete: 
No
Clip Report: 
Yes
Complete: 
No
SEDAR Filing: 
Yes
EDGAR Filing: 
No
Complete: 
Yes
Complete: 
No
Is billing required for any service listed below? : 
Yes
One Off Dissemination?: 
Yes
Number of Words: 
1 011
Graphics Hosting: 
No
Table Formatting*: 
No
After Hours: 
No
Document formatting or retyping: 
No
SEDAR billing required: 
No
EDGAR billing required: 
No
French Version: 
No
DD: 
5
MM: 
3
YYYY: 
2 018
Hour: 
7
Min: 
24
AM/PM: 
AM
Notify Dissemination Email List: 
erika@westafricanresources.com; richard@westafricanresources.com; QMarkin@stikeman.com
# of emails: 
0
Secondary Image: 
No
Not for US Distribution: 
No
↧

West African Resources Limited: Half Year Accounts

March 15, 2018, 5:59 pm
$
0
0

Company:

Scheduled Release Time: 
Thursday, March 15, 2018 - 9:04 PM EDT
ASCII Headline: 
West African Resources Limited: Half Year Accounts
HTML Body: 

West African Resources Limited (ASX: WAF) is pleased to release its Half Year Accounts for the period ending 31 December 2017.

 

Click here to view the Half Year Accounts

ASCII Body: 
Scarborough, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to release its Half Year Accounts for the period ending 31 December 2017. Click here to view the Half Year Accounts (http://email.launchpadcreative.com.au/t/r-l-jyftktk-qyhlitldk-y/)
HTML Completed News Release : 

West African Resources Limited: Half Year Accounts



Scarborough, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to release its Half Year Accounts for the period ending 31 December 2017.

 

Click here to view the Half Year Accounts



To view the associated document to this release, please click on the following link:
public://news_release_pdf/WestAfrican03152018.pdf

To view the original release, please click here



Source: West African Resources Ltd (TSX Venture:WAF, OTC Bulletin Board:WFRSF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. https://www.fscwire.com

 
 

Copyright © 2018 FSCwire





ASCII Completed News Release: 
West African Resources Limited: Half Year Accounts Scarborough, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to release its Half Year Accounts for the period ending 31 December 2017. Click here to view the Half Year Accounts (http://email.launchpadcreative.com.au/t/r-l-jyftktk-qyhlitldk-y/) To view the associated document to this release, please click on the following link: https://fscwire.com/sites/default/files/news_release_pdf/WestAfrican03152018.pdf Source: West African Resources Ltd (TSX Venture:WAF, OTC Bulletin Board:WFRSF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. https://www.fscwire.com Copyright(C)2018 FSCwire
Location: 
Scarborough, Australia
HTML News Headline: 
West African Resources Limited: Half Year Accounts
PDF File: 
PDF iconWestAfrican03152018.pdf
On Hold?: 
No

FSC Industry Code:

Tickers: 
  • TSX Venture
WAF
  • OTC Bulletin Board
WFRSF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
Approve News Release?: 
Yes
Edit Type: 
Disseminate
US/Yahoo Release?: 
No
Requested Date: 
Thursday, March 15, 2018 - 8:59pm

Service Level:

Social Feed: 
No

Status:

Complete: 
No
Email Blast: 
No
Fax Dissemination: 
No

Status:

Complete: 
No
Clip Report: 
Yes
Complete: 
No
SEDAR Filing: 
Yes
EDGAR Filing: 
No
Complete: 
Yes
Complete: 
No
Is billing required for any service listed below? : 
Yes
One Off Dissemination?: 
Yes
Number of Words: 
32
Graphics Hosting: 
No
Table Formatting*: 
No
After Hours: 
No
Document formatting or retyping: 
No
SEDAR billing required: 
No
EDGAR billing required: 
No
French Version: 
No
DD: 
15
MM: 
3
YYYY: 
2 018
Hour: 
9
Min: 
4
AM/PM: 
PM
Notify Dissemination Email List: 
erika@westafricanresources.com; richard@westafricanresources.com; QMarkin@stikeman.com
# of emails: 
0
Secondary Image: 
No
Not for US Distribution: 
No
↧

Excellent Metallurgical Test Work Results from M1 South Average Recoveries of 96.8%

March 19, 2018, 6:45 pm
$
0
0

Company:

Scheduled Release Time: 
Monday, March 19, 2018 - 9:50 PM EDT
ASCII Headline: 
Excellent Metallurgical Test Work Results from M1 South Average Recoveries of 96.8%
HTML Body: 

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report updated metallurgical test work from the M1 South deposit at the Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • 96.8% average recovery for all composites
  • Gravity recoveries of up to 66%, average 44%
  • Low sodium cyanide consumption <0.4 kg/t
  • Rapid leach times, leaching completed within 24 hours for all samples
  • Updated M1 South recoveries to be significantly higher across the grade range
  • Updated feasibility study on track for completion in Q2 2018

 

Managing Director Richard Hyde commented:

 

“Metallurgical test work on M1 South mineralisation has returned excellent results”.

 

“Gravity test work returned recoveries of up to 66.2%, while total recoveries averaged 96.8%”.

 

“Based on these results metallurgical recoveries for M1 South will significantly improve in the updated Feasibility Study due for completion in Q2 2018.”

 

Click here to view the full ASX announcement

ASCII Body: 
Scarborough, Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report updated metallurgical test work from the M1 South deposit at the Sanbrado Gold Project, Burkina Faso. Highlights 96.8% average recovery for all composites Gravity recoveries of up to 66%, average 44% Low sodium cyanide consumption
HTML Completed News Release : 

Excellent Metallurgical Test Work Results from M1 South Average Recoveries of 96.8%



Scarborough, Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report updated metallurgical test work from the M1 South deposit at the Sanbrado Gold Project, Burkina Faso.

 

Highlights

 

  • 96.8% average recovery for all composites
  • Gravity recoveries of up to 66%, average 44%
  • Low sodium cyanide consumption <0.4 kg/t
  • Rapid leach times, leaching completed within 24 hours for all samples
  • Updated M1 South recoveries to be significantly higher across the grade range
  • Updated feasibility study on track for completion in Q2 2018

 

Managing Director Richard Hyde commented:

 

“Metallurgical test work on M1 South mineralisation has returned excellent results”.

 

“Gravity test work returned recoveries of up to 66.2%, while total recoveries averaged 96.8%”.

 

“Based on these results metallurgical recoveries for M1 South will significantly improve in the updated Feasibility Study due for completion in Q2 2018.”

 

Click here to view the full ASX announcement



To view the associated document to this release, please click on the following link:
public://news_release_pdf/WestAfrican03192018.pdf

To view the original release, please click here



Source: West African Resources Ltd (TSX Venture:WAF, OTC Bulletin Board:WFRSF)

To follow West African Resources Ltd on your favorite social media platform or financial websites, please click on the icons below.


 

Maximum News Dissemination by FSCwire. https://www.fscwire.com

 
 

Copyright © 2018 FSCwire





ASCII Completed News Release: 
Excellent Metallurgical Test Work Results from M1 South Average Recoveries of 96.8% Scarborough, Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report updated metallurgical test work from the M1 South deposit at the Sanbrado Gold Project, Burkina Faso. Highlights 96.8% average recovery for all composites Gravity recoveries of up to 66%, average 44% Low sodium cyanide consumption To view the associated document to this release, please click on the following link: https://fscwire.com/sites/default/files/news_release_pdf/WestAfrican03192018.pdf Source: West African Resources Ltd (TSX Venture:WAF, OTC Bulletin Board:WFRSF) http://www.westafricanresources.com Maximum News Dissemination by FSCwire. https://www.fscwire.com Copyright(C)2018 FSCwire
Location: 
Scarborough, Australia
HTML News Headline: 
Excellent Metallurgical Test Work Results from M1 South Average Recoveries of 96.8%
PDF File: 
PDF iconWestAfrican03192018.pdf
On Hold?: 
No

FSC Industry Code:

Tickers: 
  • TSX Venture
WAF
  • OTC Bulletin Board
WFRSF
  • WKN
A1CZBT
  • ISIN
AU000000WAF6
Approve News Release?: 
Yes
Edit Type: 
Disseminate
US/Yahoo Release?: 
No
Requested Date: 
Monday, March 19, 2018 - 9:34pm

Service Level:

Social Feed: 
No

Status:

Complete: 
No
Email Blast: 
No
Fax Dissemination: 
No

Status:

Complete: 
No
Clip Report: 
Yes
Complete: 
No
SEDAR Filing: 
Yes
EDGAR Filing: 
No
Complete: 
Yes
Complete: 
No
Is billing required for any service listed below? : 
Yes
One Off Dissemination?: 
Yes
Number of Words: 
144
Graphics Hosting: 
No
Table Formatting*: 
No
After Hours: 
No
Document formatting or retyping: 
No
SEDAR billing required: 
No
EDGAR billing required: 
No
French Version: 
No
DD: 
19
MM: 
3
YYYY: 
2 018
Hour: 
9
Min: 
50
AM/PM: 
PM
Notify Dissemination Email List: 
erika@westafricanresources.com; richard@westafricanresources.com; QMarkin@stikeman.com
# of emails: 
0
Secondary Image: 
No
Not for US Distribution: 
No
↧
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