West African Resources secures $2.1 million infusion for Burkina Faso mine

Tanlouka Gold Project mine
Tanlouka Gold Project mine | Contributed photo
The Tanlouka Gold Project in Burkina Faso will be fast-tracked, thanks to an additional $2.1 million in funding secured by representatives from West African Resources Limited, the Canadian company that owns the mine.

“We are pleased to have completed the placement in such a challenging market, which is a credit to the support we received from existing shareholders, Ausdrill and new investors," West African Resources Managing Director Richard Hyde said. “This funding will allow us to carry out rapid resource definition drilling at recently discovered high grade oxide gold zones at the M1 and M3 prospects at our Tanlouka Gold Project."

Recent testing at the M1 and M3 prospects yielded promising results.

“2016 is shaping up to be an exciting and eventful year for the company,” Hyde said.

Australian Company Ausdrill Limited was the major supplier of capital for the project, putting up $1 million.

Financial and testing reports pertaining to the Tanlouka project are filed on West African Limited's website and at www.sedar.com.

Organizations in this Story

West African Resources

Want to get notified whenever we write about West African Resources ?
Next time we write about West African Resources, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.