Key Details

Issued Capital:
388.8M ordinary shares
3.0M unlisted options
9.825M performance rights
2.0M $1.00 converting notes

Directors & Management:

Chairman:
   Michael Atkins

Managing Director:
   Stephen Stone

Non-Executive Directors:
   Geoff M Jones
   Bill LeClair

Company Secretary:
    Dennis Wilkins

Contact details:
info@azumahresources.com.au
stone@azumahresources.com.au

Suite 2, 11 Ventnor Avenue
West Perth WA 6005
Tel: +61 (0)8 9486 7911
Fax: +61 (0)8 9481 4417

ABN: 72 112 320 251

Wa-east / Julie Resource
Julie, Collette, Josephine and Kjersti

Julie licences, deposits and anomalous trends
Wa-east licences, deposits and anomalous trends
View a 223kb enlargement

High grade near surface and deeper intercepts
High grade near surface and deeper intercepts
View a 157kb enlargement

Julie long section
Julie Plan Long Section
View a 285kb enlargement

Julie optimised pits
Impact of increased Mineral Resources and
higher grade on preliminary Julie optimised pits
View a 114kb enlargement

The Julie, Collette, Josephine and Kjersti prospecting licences with a total area of 300km2 are located to the east of the Kunche and Bepkong resources, and comprise part of the Wa Gold Project.

  • Several favourable sites already identified for the development of gold mineralisation.

Julie Resource

The Julie deposit is part of the Wa Gold Project in north west Ghana, and is located 75km to the east of the Kunche and Bepkong resources.

The mineralised zone is shallow dipping, which is ideally suited to open pit mining.  Several strongly mineralised intercepts have been obtained outside of the current preliminary pit shell which suggests that the current resource will be increased, the pit outline expanded and more gold made available for mining.

The January 2013 Mineral Resource update resulted in a 84% increase in Julie resources.

  • NI 43-101 and JORC Code reported Measured and Indicated Mineral Resource estimate for Julie deposit of 9.13Mt at 2.0g/t Au for 587,000 oz and an Inferred Mineral Resource of 7.24Mt at 1.97g/t Au for 458,000 oz.
  • Open along strike and at depth, with excellent along strike and down-dip continuity.
  • High-grade lodes extend beneath the base of designed open pits and initial Mineral Reserves.
  • Q1 2013 exploration success:
    • 8.0m @ 7.15g/t Au from 1.0m (JUDD021)4
    • 4.0m @ 9.39g/t Au from 31.0m (JURC746)
    • 14.0m @ 2.98g/t Au from 1.0m (JURC747)
    • 15.0m @ 3.13g/t Au from surface (JURC752)
    • 12.0m @ 4.49g/t Au from surface (JURC757)

Latest drilling results: 18 March 2013 ASX release, June 2012 Quarterly Activities Report.
More information can be found in our 10 September 2012 ASX release.

 

 

Julie Deposit: NI 43-101 and JORC Code Reported Mineral Resource Estimate

The Julie Mineral Resource estimate was undertaken by Perth based independent geological consultants, CSA Global:

Julie Deposit: NI 43-101 and JORC Code Reported Mineral Resource Estimate

Category Tonnes Au g/t Gold (oz)
Measured 0.80Mt 1.95 50,000
Indicated 8.33Mt 2.01 537,000
Measured & Indicated 9.13Mt 2.0 587,000
Inferred 7.24Mt 1.97 458,000

Notes: Mineral Resource estimate reports blocks above 0.5g/t gold grade.

The Julie structure and mineralisation comprises a series of low-angle, north-dipping, east-west trending veins extending for over 6 kilometres.  These are intersected in places by north-south trending laminated quartz veins.  Surface rock chip samples of the latter frequently exceed one ounce gold per tonne with a sample returning over six ounces gold per tonne.

Azumah has been focusing its drilling on two zones – Julie Eastern and Julie Western – providing an early opportunity to delineate near-surface, shallow-dipping, higher-grade resources.

Collette

The Collette target, located 50km east of Wa, is defined by a strong geochemical anomaly and at least two shear zones totaling more than 5km strike with numerous cross-cutting faults.  Mineralisation at Collette occurs within a complex of moderately dipping sheeted quartz veins within a persistent 4km east-west structural corridor hosted by Birimian sediments.

  • JORC, NI 43-101 Reported Inferred Mineral Resource estimate for Collette deposit of 1.69Mt at 1.45g/t Au for 79,000oz (0.50g/t gold cut off)
  • A maximum depth of 120m with 85% of the resource occurring above 70m depth.
  • Open at depth and in all other directions.
  • Wide zones of ore-grade mineralisation have been confirmed at depth, with significant results including:
    • 6m at 8.69g/t Au from 114m, and
    • 4m at 6.20g/t Au from 75m

Details of the Collette Mineral resource estimation appear in our 10th September 2010 ASX release.

Josephine

Recent and extensive artisanal mining in two areas at the Josephine prospect, 65km east of Azumah's flagship Kunche-Bepkong deposits, has highlighted a mineralised trend extending for at least 2km and elevated the status of the Josephine prospect to high priority.  The artisanal workings indicate that the mineralisation is broad and not confined to narrow structures.

  • Extensive new artisanal workings highlight opportunity for a resource at Josephine prospect.
  • Work by previous holders of the licence comprised mapping, soil sampling, trenching, geophysics and limited RAB and RC drilling.  The latter returned several strong intercepts including 37m at 3.11g/t Au from 4m, 14m at 2.97g/t Au from surface and 5m at 5.17g/t Au from 33m.
  • Historical drilling at Josephine South, a second prospect 2.5km to the south and where a third area of artisanal workings has been established, also returned some encouraging first-pass historical intercepts including 2m at 3.94g/t from surface and 6m at 1.34g/t from 14m.
  • Mapping, rock chip sampling and field checking of historical work is continuing at both Josephine and Josephine South.  An auger and RC drilling programme has been planned and some holes already completed.
  • A drilling program at Josephine was commenced in December 2012.

More information can be found in our June 2011 Quarterly Report.

Kjersti

The Julie licence also hosts the11km east-west trending Kjersti structure, which has similar geological characteristics to the Julie and Collette targets.  Kjersti is defined by strong surface geochemical anomalism with values over 1g/t gold, artisanal workings and limited drilling.

  • The structure remains open along strike and at depth.
  • Azumah completed an extensive first pass reconnaissance aircore drilling campaign at Kjersti prospect during the June 2010 quarter.
  • During the June 2010 quarter Azumah also completed a six-hole, two-fence RC drilling program targeting galamsey workings at the Kjersti prospect area.  Four grab samples from two stockpiles of laminated quartz vein material at the Kjersti West galamsey workings returned up to 42g/t gold.