Gold developer West African Resources has delivered another round of high-grade drill results from its Sanbrado gold project, Burkina Faso.
Drilling at M1 South deposit intercepted two zones of high-grade mineralisation. Best results include 3.5m at 30.46 g/t gold from 469m including 0.5m at 198 g/t Au and 10m at 54.2 g/t Au from 499m including 2m at 247 g/t Au.
The drilling is targeting upgrading of inferred resources to indicated category which will be included in the underground mine schedule for the Feasibility Study due mid this year.
“New results will upgrade existing Inferred Resources in terms of both category and grade, which will allow inclusion in future mine plans,” West African managing director Richard Hyde said.
“The Company will release an updated Feasibility Study incorporating open pit and underground mine schedules in mid-2018.”
West African currently has four drill rigs on-site double shifting, infilling and extending mineralisation at Sanbrado.
The company is funded to complete all work programs with around $20 million cash at bank.
The stock (ASX, TSXV: WAF) was trading 0.5c higher at 44.5c in later Friday trade.