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West African Resources to raise cash after high-grade gold hits

West African Resources to raise cash after high-grade gold hits

West African Resources (ASX:WAF) has recently been delivering some impressive drilling intersections from the wholly-owned Tanlouka Gold Project, which is located in Burkina Faso.

Such as: 14 metres at 4.5g/t gold, including 3 metres at 16.2g/t gold from 36 metres.

This gives the potential to add to the existing heap leach Ore Reserve of 440,000 gold ounces.

The next step for the company is going to market with a capital raising, and the ASX has granted a trading halt to complete.

The halt will last until the opening of trade on Monday 14th December 2015, or earlier if an announcement is made to the market.

 

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