West African Resources reports high grade gold mineralisation at M1S Northern Shoot

West African Resources Limited (ASX: $WAF) has reported high grade gold mineralisation from recent underground diamond drilling at the M1 South ('M1S') from its Sanbrado Gold Operations ('Sanbrado'), Burkina Faso. The recent diamond drilling at the M1S northern shoot intercepted high grade mineralisation outside of Ore Reserve, with significant results including 9.5m at 81.9 g/t Au, 8.5m at 41.4 g/t Au, 2m at 133.1 g/t Au, 4.5m at 54.8 g/t Au, and 5m at 45.2 g/t Au. This confirms high potential for an additional mining area at M1S underground, with potential to fast-track into the 2024 mine plan and significant opportunity for resource extension below the 1780mRL (520mbsl).

Executive Commentary on M1S Northern Shoot Drilling

Diamond drilling at the M1 South northern shoot has returned outstanding results including 9.5m at 81.9 g/t gold from 62m. WAF will aim to fast-track the area into production during 2024. Significant opportunity also exists to extend mineralisation below the 1780mRL (520m below surface). An additional drill drive will provide a position to test the down dip extension of the northern shoot mineralisation in early 2025. WAF is on track to produce 4 million ounces over the next decade, with production set to peak in 2029 at 473,000 ounces of gold. Unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold.

Summary of M1S Northern Shoot Drilling Results

The recent diamond drilling at the M1S northern shoot by West African Resources Limited has confirmed high grade gold mineralisation outside of Ore Reserve, with significant intercepts including 9.5m at 81.9 g/t Au, 8.5m at 41.4 g/t Au, 2m at 133.1 g/t Au, 4.5m at 54.8 g/t Au, and 5m at 45.2 g/t Au. This indicates the potential for an additional mining area at M1S underground, with plans to fast-track it into the 2024 mine plan. There is also significant opportunity for resource extension below the 1780mRL (520mbsl). West African Resources aims to produce 4 million ounces over the next decade, with production set to peak in 2029 at 473,000 ounces of gold. The company's unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold.