The Conversation (0)
Australia Investing
Azumah Makes Blind High-grade Gold Discovery at Wa Project
Dec. 12, 2018 02:45PM PST
Azumah Resources has made a new “blind” discovery via drilling at the Bepkong deposit at its Wa gold project in Ghana.
Azumah Resources (ASX:AZM) has made a new “blind” high-grade eastern lode discovery through drilling at the Bepkong deposit at its Wa gold project in Ghana.
The drilling took place as part of the company’s ongoing 40,000-meter campaign, which came with a AU$4-million price tag and is geared at raising the project’s mineral resources and ore reserves.
The first of three drill holes at the project intersected a semi-continuous 93-meter mineralized zone grading 2.33 grams per tonne (g/t) gold from 261 meters, including 9.9 meters at 8.42 g/t gold from 295 meters and 2.16 meters at 21.17 g/t gold.
“This magnificent drill intercept, from the very first hole drilled of a new 40,000m multi-target drilling campaign, is further proof that the Wa gold project has so much more to deliver as it transitions towards development. It is a credit to our entire geological team,” Azumah Managing Director Stephen Stone said.
He continued, “[t]his latest development is consistent with the structurally controlled orogenic-style of mineralisation that hosts the Wa gold project and which we know can extend to considerably greater depths than we have been drilling to date.”
The fresh discovery adds to Bepkong’s pre-existing near-surface mineralization, previously docketed at 201,100 ounces measured and indicated, 44,000 ounces inferred and 113,000 ounces proved and probable. According to the company, the new lode is also associated with a major structurally controlled “fluid conduit” system that could extend mineralization considerably.
As the drill campaign continues, Azumah is aiming to release an ore reserve and an update to the project’s feasibility study in January 2019. However, the main objective for the company regarding this project is to see a commercially robust and development-ready asset by Q3 2019.
For the time being, a drill rig has now moved to the project’s Kunche deposit to drill two deep holes in order to follow up recent high-grade intercepts such as 44 meters at 5.37 g/t gold from 99 meters.
“In coming weeks, we are looking forward to receiving drilling results from two other complementary deep-targeted holes just completed at Bepkong, along with two others underway at the Kunche deposit, where last April we also demonstrated the presence of high-grade mineralisation at depth,” Stone said.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
