Azumah Resources Limited (ASX: AZM) is an Australian-based company focused on the exploration and development of the 100%-owned Wa-Lawra Gold Project in northwest Ghana, West Africa.
The Wa-Lawra Project contains a JORC compliant Indicated and Inferred resource of over 754,000 ounces of gold – including 516,000oz at the Kunche deposit and 212,000oz at Bepkong, with a large number of exciting additional targets now being drilled.
Wa Lawra Project Highlights
* Land holding of 3,157km2, including over 100km strike of prospective Birimian greenstone belt – a geological setting known to host world class gold deposits throughout Ghana and West Africa.
* Gold resource at the Kunche deposit of 8.5 million tonnes @ 1.9g/t gold for 516,000 ounces, with the mineralisation remaining open in all directions.
* Initial metallurgical results indicate recoveries of over 90% on typical resource-grade Kunche mineralisation using conventional gold processing technology.
* Between 25% and 40% of the gold is likely to be recoverable using a preliminary gravity separation phase, which should impact favourably on bottom line operating costs.
* Gold resource at the Bepkong deposit of 2.97 million tonnes @ 2.2g/t gold for 212,000 ounces, with mineralisation remaining open to the north and at depth.
* Recent acquisition of the nearby Wa Project, including several advanced-stage, drill confirmed targets with strong potential for near-term, low-cost, near-surface resource delineation.
* Considerable exploration upside, with numerous defined targets and untested geochemical gold anomalies.
Azumah’s aim is to upgrade this initial resource base to 1-2 million ounces of gold to underpin a long-life open pit mining operation.
