Gold developer Azumah Resources has added 69 000 oz of gold to its Wa project in Ghana, bringing the project’s total resource to more than two-million ounces.
The increase in the resource was achieved through the recently acquired Julie West and Danyawu gold deposits.
“The outcropping Julie West and Danyawu mineral resource, totalling 69 000 oz at 4.4 g/t gold, are expected to provide high-value incremental ounces to Azumah’s existing 624 000 oz ore reserve and enhance the company’s already-advanced plans for the development of an initial seven-year, 90 000-oz/y gold operation,” said Azumah MD Stephen Stone.
The resource from the Julie West and Danyawu resources are likely to be incorporated into a feasibility study update once technical work to bring them into the same status as Azumah’s existing project ore reserve is completed.
Azumah Resources Limited is a Perth-based, ASX-listed (ASX:AZM) exploration company focused on a new and highly prospective gold province in the Upper West Region of Ghana, West Africa.
• Its focus is to develop the Wa Gold Project and to continue to expand resources and reserves through exploration.
• Licences cover 2,800km2 and encompass >150km strike of prospective Birimian terrain, the rocks that host the majority of West Africa’s major gold mines.
• Systematic exploration has identified three flagship deposits: Kunche, Bepkong and Julie plus several satellite deposits.
• JORC Mineral Resource of 2.0Moz of gold grading 1.5g/t Au (1.3Moz Measured and Indicated).
• Feasibility Study completed in February 2015. Open pit mining inventory of over 650,000oz including a JORC Ore Reserve of 624,000oz Au (9.1Mt at 2.14g/t Au). Study based on 1.2Mtpa plant producing ~90,000oz Au per year over 7-year mine life.
• Grid power, high quality roads, good access to water and sealed airstrip at Wa.
• Mining Leases granted. Environmental permitting underway.
• Strong community and government support.
• 19.99% strategic investment in neighbour, Castle Minerals Limited (ASX:CDT) (~10,000km2 under licence).
• Ghana is 2nd largest African gold producer. Safe and stable jurisdiction, English legal system.
• Drilling programme commenced.
Source: Ghana/ClassFMonline.com with Mining Weekly files
