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Azumah Resources Ltd

Azumah Resources shares soar following "major step forward"

Azumah Resources Ltd (ASX:AZM) managing director Steve Stone talks Proactive Investors through fresh RC drilling results from the gold prospector's Wa Project in Ghana under JV with Ibaera.

"These results are telling us that whilst we've always delivered some very good quality shallow mineralisation, we now think we know where that's coming from. We basically think that we've discovered the 'motherload' or the feeder zone, and this looks to be quite high grade, and it's going to have important implications for the design of the pits... It really is a major step forward for the understanding and the development of the project, and we hope to replicate what we've learnt here to a number of other targets," says Stone.

There are currently six drill rigs active at Wa, with comprehensive drilling planned for the rest of the year to increase resources, and consistent news flows expected.

Stone summarises, "it's a very exciting time to be a shareholder of Azumah as we unlock the value that we believe has been compressed into what was a small market capitalisation."

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

2 min read