Azumah Resources has received an updated targeting study from geological consultants CSA Global that has confirmed 18 very high-priority and 32 high-priority target areas within a total of 140 at the company’s 2,400 km2 Wa gold project in Ghana, West Africa. Thirty-eight of the target areas are totally new.
The study will underpin Azumah’s post-seasonal rains exploration push to increase Mineral Resources to over 3.0Moz and Ore Reserves to over 1Moz gold. The majority of the target areas are ready for initial low-cost auger and aircore drill testing and subsequent RC testing.
Azumah’s Managing Director, Stephen Stone, said the CSA study and its exceptionally large number of priority target areas confirmed his view that there remains considerable opportunity to take the Wa gold project to the next level.
“Whilst we have sufficient Ore Reserves to firmly underpin a seven-year, 100,000 oz/y gold mining operation with robust operating margins, we recognise the need to increase Ore Reserves to reduce the establishment capital cost assigned to each reserve ounce and to enhance overall project metrics.
“Given what we can already see, our excellent track record of discovery plus our enviable regional-scale footprint of prospective Birimian geological terrain, we are confident in our ability to grow resources and reserves,” he said.