Burkina Faso: M1 South and M5 deposits hold more gold than estimated previously
According to new estimates, the M1 south deposit currently holds 1.2 million tons of indicated resources grading at 14.4 g/t Au (for 556,000 oz) and 0.41 million tons of inferred resources, grading 14.4 g/t Au (191,000 oz).
Meanwhile, resources of the M5 deposit rose by 40% now valued at 35.9 million tons, grading 1.3 g/t Au (1.46 million oz) for indicated resources, and 12 million tons grading 1.1 g/t Au (410,000 oz) for inferred resources.
“The results show that Sanbrado gold project is a leading gold development project in West Africa. We expect to deliver a further resource update in the first quarter of next year, ahead of the completion of an updated feasibility study in mid-2018,” said Richard Hyde, MD of West African Resources.
The Sanbrado project is fully (100%) held by West African Resources who obtained last January, an operating license for the mine.