Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

General mining & base metals

West African Resources discovers copper, gold in Burkina Faso, targets maiden Resource in 2012

West African Resources (ASX: WAF) has made a major copper gold discovery at the company’s Sartenga Prospect in Burkina Faso, with recent drill results returning grades up to 4.78 grams per tonne (g/t) gold and 1.92% copper.

The company is making good progress on achieving its goal of taking Sartenga to resource status by the end of 2012.

Copper gold mineralisation has been intercepted in the third line of wide spaced aircore drilling at the prospect.

Diamond drilling has returned 72.8 metres at 1.08g/t gold and 0.48% copper from 6 metres, including 21 metres at 2.31g/t gold and 1.09% copper.

The discovery aircore hole intersected 57 metres at 0.88g/t gold and 0.44% copper, including 9 metres at 2.16g/t gold and 0.99% copper.

Importantly, both drill holes ended in mineralisation, with potential for continuity at depth.

A 15 hole, 1,998 metre reverse circulation drilling program has been completed to more than 170 metres depth on three sections over 800 metres strike, with assays pending.

Diamond drilling is continuing at Sartenga, while the aircore drilling program has been extended to 25,000 metres.

West African Resources is also carrying out drilling at the Moktedu and Meguet prospects, as well as on a number of regional prospects.

With A$4.5 million in cash reserves, the company is well funded to continue aggressive exploration to delineate a maiden JORC Resource at Sartenga.

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.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK