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Azumah Resources Ltd

Azumah Resources hits bonanza gold grades of up to 168 g/t at Wa project

The depth extensions at Kunche follow recent confirmation of substantial mineralisation to 580 metres below surface at the Bepkong deposit.

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Visible gold in core from 613.5 metres at the Kunche deposit

Azumah Resources Ltd (ASX:AZM) has intersected bonanza grades of up to 168 g/t gold, or more than 5 ounces per tonne, extending mineralisation to 500 metres below surface at the Kunche deposit within its Wa project in Ghana, West Africa.

Three widely spaced exploratory drill holes have intersected notable assays, raising expectations that infill drilling could identify multiple, mineralised ore shoots associated with feeder zones extending below the planned open pit.

The discovery of gold at these depths marks a step change in depth expectations for the Kunche deposit and provides considerable geological information to guide the next phase of drilling.

Kunche deposit long section.

Azumah Resources managing director Stephen Stone said: “The first phase of deep widely spaced exploratory drilling at our flagship Kunche deposit has intersected mineralisation to at 500 metres below surface.

“Drilling returned some exceptionally high-grade intersections of up to 5 ounces per tonne."

 

Stone said: “These results raise our expectations for multiple mineralised lodes extending below the planned 1.5-kilometre-long Kunche open pit, as is the case with the recently delineated and nearby Bepkong East Lode discovery.”

Notable intersections from this phase of deep drilling are:

Key intersections based on assays greater than 1 g/t gold

READ: Azumah Resources extends gold at Bepkong East to 580 metres depth

Stone added: “Given the excellent drilling results since our last Wa Gold Project mineral resource upgrade in September 2018, Azumah is expecting to increase the current 2.5 million ounces as exploration continues.”

Drilling at the Kunche northwest and Aduane prospects also intersected depth extensions to near-surface mineralisation.

 

Below-pit mineralisation at Wa project is not included in the current 2.5 million ounce mineral resource, 1 million ounce ore reserve or the feasibility study to establish a plus 100,000 ounce per year multi pit mining operation.

Drilling continues with results from additional holes at Bepkong and Kunche due in coming weeks.

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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

2 min read