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West African Resources high-grade gold results augur well for funded feasibility study

Sanbrado Gold Project will benefit from $20 million in cash to progress M1 South.
Drill section from M1 South mine featuring visible gold at 700 g/t gold
The upcoming feasibility study at M1 South is a potential share price catalyst

West African Resources Ltd's (ASX:WAF) intercepts of two zones of high-grade mineralisation at its M1 South deposit, part of the Sanbrado Gold Project in Burkina Faso could have a positive impact on its updated feasibility study.

Two zones of high-grade mineralisation were intercepted, including 3.5 metres at 30.46 g/t gold from 469 metres and 10 metres at 54.2 g/t gold from 499 metres.

The results will contribute to an upgrade of the existing Inferred Resources in terms of both category and grade.

West African cashed up to complete full works program

West African's primary aim at M1 South is to upgrade inferred material to the indicated category.

The updated feasibility study incorporating open pit and underground mine schedules will be released in mid-2018, a possible share price catalyst.

All of the work that needs to be completed to progress to this stage can be funded from the company’s existing cash of circa $20 million.

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