West African Resources (ASX: WAF) has some potentially very interesting news on the horizon, with today the ASX granting the company a trading halt pending the release of exploration results.
West African Resources has not yet elaborated any further of where the results are from, but the company has recently been conducting deep drilling at the Boulsa Gold Project in Burkina Faso.
The drilling is part of a 5000 metre reverse circulation program.
Worth noting - gold has already been discovered nearer the surface earlier in the year by the company, with results including some very impressive intersections such as; 6 metres at 8.36 grams per tonne (g/t) gold from surface, including 1 metre at 42.95g/t gold.
Currently, West African Resources is drilling more than 15,000 metres per month using company owned and operated rigs. Turnaround time for assays though in the region can be long.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 19th June.
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.