Resource News

Azumah Resources to establish 70,000 ounce a year operation at Wa Gold Project

 

Azumah Resources (ASX:AZM) has reported that drilling has confirmed two new zones of mineralisation in the vicinity of the company’s flagship Kunche-Bepkong deposits and announced plans to establish an initial 70,000 ounce a year operation at the Wa Gold Project in north west Ghana.

In addition, an aircore drilling program has commencenced at the Kjersti prospect and drilling continues at Collette.
At Bepkong, an RC drilling program comprising 21 holes has confirmed a new zone of mineralisation just 100m west of the main 212,000 ounce gold deposit. The mineralisation is north-south trending, steeply east dipping and vein-hosted.

Best intercepts (from 4m composited samples) include: 8m at 4.06g/t gold from 36m (BRC157); 4m at 3.03g/t gold from 28m (BRC154); 12m at 1.67g/t gold from 24m (BRC155).

Azumah Managing Director Stephen Stone said follow-up drilling will commence as soon as possible at the two new areas of mineralisation with a view to growing the existing 1.1 million ounce resource at the Wa Gold Project to underpin Azumah’s plans “to establish an initial 70,000 ounce a year operation and to expand this to 100,000 ounce a year plus.”

Stone said Azumah has drill tested only a small proportion of the prospective areas within its 3,100km2 Wa Gold Project and the company continues to maintain a very high level of targeted and reconnaissance style drilling to counter this.

This most recent drilling was designed to follow-up a high-grade intersection obtained by a preceding round of drilling in hole BRC121 (6m at 8.98g/t gold from 58m and 5m at 2.98 g/t gold from 90m).

A new zone of highly encouraging gold anomalism in a still relatively untested area midway between the Kunche and nearby Bepkong deposits has also been confirmed by shallow depth, reconnaissance aircore drilling.

Strong anomalism, including 32m at 0.56g/t gold from 12m (including 8m at 1.02 g/t gold from 8m) (KBRB639 – 4m composited samples), was intersected by several drill holes.

While that work has occurred mainly in the vicinity of the Kunche-Bepkong deposits, these results highlight the enormous opportunity for more mineralisation to still be discovered in this district.

Results from reconnaissance style aircore drilling immediately to the west of the 516,000 ounce gold Kunche orebody, to its south and south west around Nanga are either being evaluated or are pending and will be reported on in due course.

The company said RC drilling is about to recommence at the Collette deposit to infill and pursue extensions to existing mineralisation. The intention is to include this information in the proposed maiden Collette resource estimation along with some pending results from RC drilling completed last month.

The additional rounds of RC drilling at Collette will facilitate a better understanding of the distribution of mineralisation in the area and provide a basis for a more robust resource estimation which will accordingly now be delivered several weeks later than originally envisaged.

Azumah also said an extensive shallow depth, reconnaissance aircore drilling program has commenced over a 11 kilometre by 3 kilometre area on the Julie prospecting licence and centred on the Kjersti prospect.

Work by previous explorers has shown Kjertsi to be prospective for east-west trending vein hosted, shear zone related gold mineralisation analogous to that at the nearby Julie and Collette prospects.

A 20,000 line kilometre, high-resolution aeromagnetic and radiometric geophysical survey (100m traverse spacing. 40m survey height) will commence in a few days.

It will be flown over the majority of Azumah’s Vapor prospecting licence which encompasses the Kunche and Bepkong deposits as well as over the Julie, Collette and Josephine prospecting licences…read more at the Kitco

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