West African: First drilling at Tanlouka site in Burkina Faso 'excellent'
“TAC1047 returned an excellent result," West African Resources Limited Managing Director Richard Hyde said.
The first drilling turned up high-grade results, including oxide mineralization and the possibility of adding ounces to the existing heap leach ore reserve, which stands at 440,000 ounces of gold. Currently, workers at the site are conducting RC and diamond drilling.
Future drilling will follow a north-south trend of gold mineralization, and new projects along that route are possible.
“Gold mineralization at M3 is located less than 2 kilometers from the proposed starter pit at M5," Hyde said. "Follow-up drilling is in progress and will continue into 2016.”
None of the gold found at the M3 mine was included in the resource inventory of the current project.
West African Resources Limited is owned by Macquarie Bank, which also funded the feasibility study that began before the Tanlouka Gold Project launched. That study will now be extended and is expected to be finished before the end of 2015.
All West African Resources Limited financial statements have been filed through the System for Electronic Document Analysis and Retrieval (SEDAR) system and are available online at www.sedar.com.