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Azumah Resources Ltd

Azumah Resources delivers game-changing gold intersections from Wa project in Ghana

Drilling at the Kunche deposit has returned up to 44 metres at 5.37 g/t gold from 99 metres

Gold bars and nugget
A $6 million, multi-target, high-intensity exploration campaign is being carried out at Wa

Azumah Resources Ltd (ASX:AZM) has delivered potentially game-changing intersections at the Kunche from the Wa Gold Project in Ghana.

The results of up to 44 metres at 5.37 g/t gold from 99 metres have potential to underpin the JORC-compliant resource of 2.1 million ounces at Wa.

READ: Azumah Resources poised to expand 2.1 million ounce gold bounty and transition to producer

There were two high-grade gold zones intersected with other results including 6 metres at 3.33 g/t from 99 metres and 27 metres at 7.86 g/ from 116 metres.

The latter included 20 metres at 10.27 g/t from 120 metres and 1 metre at 144 g/t from 137 metres.

Managing director Stephen Stone said: “These excellent intercepts are a genuine game-changer for the Wa Gold Project and increase our confidence that we can materially boost mineral resources and ore reserves.”

READ Azumah Resources secures $1.5 million on road to one million ounce ore reserve

Azumah and its joint venture partner Ibaera believe they have discovered a new high-grade ore shoot and possible primary feeder zone with likely extensive depth.

This follows a new breakthrough geological model that will drive future targeting.

It was developed from a recent reinterpretation of geological and structural controls on mineralisation.

Potential at depth

Ibaera’s general manager geology Paul L’Herpiniere said: “These results dramatically open up the possibility that mineralisation at Kunche could extend to considerable depth.

“This is consistent with similar style gold deposits around the world.

“We consider this validation of our new targeting model to be an important breakthrough for the project and are extremely confident that the true potential of the project is now emerging.”

Supporting holes into the ore shoot returned 27 metres at 2.43 g/t from 137 metres, including 5 metres at 5.00 g/t from 155 metres and 9 metres at 3.90 g/t from 142 metres.

Additional mineralisation

Additional mineralisation has been defined at Kunche Pit North, east of Kunche Pit South and at Kunche North West.

There are six active drill rigs at Wa and Azumah expects intense news flow in the next few months.

The Wa resource, which includes a reserve of 624,000 ounces, grades 1.5 g/t gold and includes 1.4 million ounces in the measured and indicated categories grading 1.7 g/t Au

These are evenly distributed between the Kunche-Bepkong and Wa East deposits.

Quick facts: Azumah Resources Ltd

Price: $0.03

Market: ASX
Market Cap: $27.4 m
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Azumah Resources progresses towards developing Wa Gold Project in Ghana

Azumah Resources Ltd(ASX: AZM) managing director Stephen Stone updates Proactive Investors on the company’s progress towards developing its Wa project gold asset in the West African country of Ghana. The plans are advancing following the recent release of a scoping study that indicated...

on 13/8/19

3 min read