West African Resources (ASX: WAF) has intersected high-grade gold mineralisation from recent infill underground diamond drilling within the northern shoots at the M1 South areas at the Sanbrado Gold Operations in Burkina Faso.
“Recent resource definition drilling at the M1 South northern shoots zone has intercepted high grade mineralisation 10.5m at 15.25 g/t gold and 6m at 25.76 g/t gold,” Executive Chairman, Richard Hyde, said.
“Infill drilling has confirmed the grade and tenor of high-grade mineralisation reported in March this year which included 9.5m at 81.9 g/t gold outside of existing reserves.”
Development of the M1S northern shoots are on track to commence in Q3 CY24 with exploration drive at M1S nearing completion with resource definition drilling now underway.
Meanwhile, development of the M5 South exploration drive has commenced with drilling planned for late Q4 CY24.
“WAF is on track to produce four million ounces over the next decade, with annual production set to peak in 2029 at 473,000 ounces of gold, Mr Hyde said. “Our unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold.”
A total of 43 holes for 4,822m of infill drilling have been completed at the M1S underground targeting mineralisation in the northern shoots.
The drill programme has now provided sufficient data to allow mining activities to commence. Work is currently in progress to update the block model, which will enable revisions to the mine design and schedule. Development activities are scheduled to commence in Q3 CY24.
