Azumah grows Ghana project’s mineral resources to 2.5Moz
ASX-listed gold developer Azumah Resources has increased the combined mineral resource of its Wa gold project by 21%, or 433 900 oz, to 2.5-million ounces, adding to the expectations for attractive financial metrics for the Ghana project.
Azumah will update the ore reserves and financial metrics for Wa in an interim study, which will be published before the end of the year, ahead of a full feasibility study in the third quarter of 2019.
The mineral resources update includes maiden estimates for several emerging satellite deposit discoveries.
Measured and indicated mineral resources have increased by 16% to 1.6-million ounces – 28.8-million tonnes grading 1.8 g/t gold – and inferred mineral resources increased by 31% to 900 000 oz – 20.4-million tonnes grading 1.4 g/t gold. These mineral resources are distributed across the Kunche-Bepkong and the Wa East development camps.
Drilling down-dip and strike extensions at the Julie deposit had mineral resources increase by 191 000 oz to 1-million ounces, while drilling has increased mineral resources by 95 500 oz to 846 500 oz at the Kunche deposit.
Maiden estimates for the emerging Kunche Northwest, Yaga, Josephine, Manwe and Alpha-Bravo satellite prospects accounted for a combined 148 600 oz increase in mineral resources, with several of these yet to be fully closed off.
MD Stephen Stone said that the additional 148 600 of gold obtained from maiden estimates at several new discoveries pointed to the highly prospective nature of the project.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation