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Strategies & Market Trends : Winter in the Great White North

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From: teevee3/9/2014 7:57:33 PM
   of 8273
 
28m at 1.87g/t Gold from 8m and 9m at 5.95g/t Gold from 40m ending in mineralisation in TAC029

media.abnnewswire.net

West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high grade results from a 7,500m reverse circulation (RC) and diamond core drilling program at its Mankarga 5 Deposit located on the Tanlouka Permit, part of the Boulsa Project, in Burkina Faso.

Results cover 600m of strike on the southwest portion of the deposit from section SW600 to the central line (000). Since 7th February the Company has reported high-grade results along 800 metres of strike at Mankarga 5. Significant results include:

TAC0029: 28m at 1.87g/t Au from 8m including; 1m at 6.02g/t Au and 1m at 15.61g/t Au and; 9m at 5.95g/t Au from 40m including; 5m at 9.7g/t Au ending in mineralisation
TAC0034: 8m at 0.94g/t Au from 19m
TAC0038: 6m at 3.54g/t Au from 53m including; 1m at 17.16g/t Au
TAC0040: 9m at 0.81g/t Au from 35m and;
1m at 6.15g/t Au from 56m
TAC0042: 14m at 1.1g/t Au from 10m and;
11m at 3.11g/t Au from 27m including; 1m at 15.16g/t Au and 3m at 4.54g/t Au
Drilling programs in conjunction with a reinterpretation of the Mankarga 5 deposit will lead to a resource update towards the end of this month. The combination of the results of the work programs will enable West African to complete a Preliminary Economic Analysis (PEA) and Scoping Study in the first half of 2014.

The recent results from West African drilling complement historic diamond drilling and RC high-grade results on the same sections which include:

TAN10-RC-07: 12m at 2.85g/t Au from 66m
TAN11-DD-22: 16.2m at 2.25g/t Au from 65m
TAN11-DD-43: 12m at 2.43g/t Au from 99m
TAN11-DD-50: 7.5m at 2.72g/t Au from 92m
TAN11-RC-58: 38m at 3.53g/t Au from surface including 16m at 5.77g/t Au
TAN12-DD-67: 24m at 4.86g/t Au from 150m including 10.5m at 9.02g/t Au
TAN12-DD-68: 21m at 2.91g/t Au from 85.5m including 3m at 5.95g/t Au & 1.5m at 10.65g/t Au

The Company is focussed on near-term production with the immediate focus on the Mankarga 5 deposit and existing nearby gold prospects. The Company has set a goal of being a +50,000oz per annum gold producer within two years, subject to study outcomes, via a low-cost heap leach starter project. In February, West African announced it had secured a second-hand 1.6Mtpa heap leach plant as part of its plan to fast-track development of Mankarga 5. The proposed project development schedule for Mankarga 5 and surrounding prospects is shown below in Table 1 in the full announcement.

Click here to view the full announcement

westafricanresources.com

www.westafricanresources.com
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