ASX-listed gold mining company West African Resources has announced promising high-grade gold mineralisation from recent resource definition diamond drilling at the M1 South (M1S) Main Deeps Resource within its Sanbrado gold operation in Burkina Faso.
Chairperson Richard Hyde reported significant intercepts, including 36 meters at 11.1 g/t gold and 11 meters at 31.2 g/t gold. The ongoing diamond drilling continues to reveal extensive zones of high-grade mineralisation beneath the current ore reserves at the M1S underground site.
This drilling campaign, aimed at enhancing the current M1S ore reserve, is expected to conclude by the end of the year and will inform the company’s updated mineral resource estimate and ore reserves, scheduled for release in the first quarter of 2025. Hyde noted, “Infill drilling at M1 South continues to intercept high-grade gold mineralisation that aligns exceptionally well with the current geological model.”
Looking ahead, the company anticipates producing 4.2 million ounces over the next decade, with annual production expected to peak at 494,000 ounces in 2030. West African Resources’ unhedged resources are currently estimated at 12.8 million ounces.
