358.3M ordinary shares
3.0M unlisted options
4.325M performance rights
2.0M $1.00 converting notes
Directors & Management:
Geoff M Jones
Suite 2, 11 Ventnor Avenue
West Perth WA 6005
Tel: +61 (0)8 9486 7911
Fax: +61 (0)8 9481 4417
Wa-east licences, deposits and anomalous trends
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High grade near surface and deeper intercepts
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Julie Plan Long Section
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Impact of increased Mineral Resources and
higher grade on preliminary Julie optimised pits
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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.
The Julie Mineral Resource estimate was undertaken by Perth based independent geological consultants, CSA Global:
|Category||Tonnes||Au g/t||Gold (oz)|
|Measured & Indicated||9.13Mt||2.0||587,000|
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.
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.
Details of the Collette Mineral resource estimation appear in our 10th September 2010 ASX release.
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.
More information can be found in our June 2011 Quarterly Report.
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.