West African Resources (ASX:WAF) has completed step-out aircore drilling at Sartenga South, extending known gold mineralisation with intervals such as 20 metres at 2.5 grams per tonne, including 4 metres at 9 grams per tonne from 36 metres.
WAF has two drill rigs on site which will drill throughout the wet season, testing mineralised extensions along strike and at depth. Results for further deep diamond core drilling are imminent.
The Sartenga copper-gold discovery presently has a 174,000 tonne copper, 651,000 ounce gold Inferred Resource.
The new zone is open along strike and located 3.2 kilometres northeast from the previous intercept of: 26 metres at 1.1 grams per tonne from surface. It is located 4 kilometres south south-east of the main Sartenga Resource, and has potential to enhance early economics of the large scale copper-gold project.
West African has also completed a 10% placement, raising $3 million, by issue of 20 million ordinary shares at $0.15 to existing shareholders and sophisticated investors.
Funds raised will fast-track development of their new low capex gold heap leach project, accelerate resource definition drilling at its high-grade Moktedu Project, and on the adjacent 1 million ounce gold Tanlouka Project following completion of the acquisition of TSX-listed Channel Resources.
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