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Posted By OrePulse
Published: 05 Nov, 2024 07:49

West African Resources reports grade control drilling results at Kiaka Gold Project

By:Grafa

West African Resources (ASX:WAF) reported results from its initial grade control drilling program at the Kiaka Gold Project in Burkina Faso.

The program returned promising gold findings, including notable intercepts of 18m at 6.3 grams per tonne of gold and 34m at 2.4 grams per tonne.

The recent results highlight substantial zones of mineralisation visible from the surface, demarcating an over 200m-wide gold-mineralised area.

This development keeps Kiaka's construction and operational schedule on track, with plans for the first mining operations to begin in the first quarter of 2025.

Richard Hyde, Executive Chairman and CEO of West African Resources, stated, "Results reinforce WAF’s geological model with gold mineralisation in the latest drilling over 200m wide at surface."

He further noted that the assays continue to uphold Kiaka's low strip ratio, de-risking early production plans.

The company forecasts its initial gold production by the third quarter of 2025 and anticipates producing 4 million ounces over a decade.

To date, West African Resources has executed a comprehensive 1,828-hole drilling campaign, totalling 55,945m, assisting in fortifying their confidence in Kiaka’s upcoming production capabilities.

West African Resources is a gold mining company engaged in mining, mineral processing, exploration, project development, community and social sustainability, and rehabilitation within the West African country of Burkina Faso.

At the time of reporting, West African Resources' share price was $1.76.

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