Welcome to Azumah Resources
Azumah Resources Limited (ASX: AZM, TSX: AZR) is an Australian-based company focused on the exploration and development of the 100%-owned Wa Gold Project in northwest Ghana, West Africa.
The Wa Gold Project contains a JORC & National Instrument 43-101 compliant Measured and Indicated Mineral Resource totaling 19.74Mt at a grade of 1.60g/t Au for 1,016,000 oz Au and Inferred Mineral Resource of 14.76Mt at a grade of 1.39g/t Au for 659,000 oz - across three key deposits, Kunche, Bepkong and Julie.
Azumah's Definitive Feasibility Study on Azumah's Wa Gold Project is due for completion in Q2 2012. The Feasibility Study is based on construction of a +1.0 million tonne per annum gravity and CIL plant producing <100,000oz gold per annum.
Azumah is on track to become a West African gold producer in early 2014, and is now in the final stages of drawing together the key components of the Feasibility Study on Azumah's Wa Gold Project.
Wa Gold Project Highlights
- Land holding of 3,157 km2, 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 resources at the Kunche deposit comprise a Measured and Indicated Mineral Resource of 8.13Mt at 1.68g/t Au for 440,000 oz and an Inferred Mineral Resource of 7.35Mt at 1.33g/t Au for 315,000 oz with the mineralisation remaining open at depth.
- Gold resources at the Bepkong deposit comprise a Measured and Indicated Mineral Resource of 3.69Mt at 1.60g/t Au for 190,000 oz and an Inferred Mineral Resource of 1.98Mt at 1.32g/t Au for 84,000 oz, with mineralisation remaining open at depth.
- Gold resources at the Julie deposit in the Wa-east area comprise a Measured and Indicated Mineral Resources of 7.92Mt at 1.52g/t Au for 386,000 oz and an Inferred Mineral Resource of 3.74Mt at 1.51g/t Au for 181,000 oz.
- Gold Inferred resources at the Colette deposit of 1.69 Mt at 1.45g/t Au for 79,000 oz, with mineralisation remaining open-ended.
- High-grade near-surface and deeper gold intercepts from the 2km zone separating the Kunche and Bepkong deposits, including
- 3m @ 9.17g/t Au from 27m (BRC321)
- 10m @ 4.43g/t Au from 140m (BRC315)
- 4m @ 4.43g/t Au from 43m (BRC317)
- 8m @ 4.18g/t Au from 40m (BRC329)
- 6m @ 2.78g/t Au from 23m (BRC361)
- 4m @ 10.33g/t Au from 47m (KRC593)
- 14m @ 2.15g/t Au from 62m (KRC600)
- 4m @ 9.34g/t Au from 20m (KRC648)
- 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.
- High intensity exploration programme now focused on resource discovery and the expansion of existing deposits after a focus on infill drilling in 2011.
- Initial metallurgical results indicate recoveries of over 90% on 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.
- Feasibility study on track for completion in Q2 2012.
- Working capital and market investments of $33M as at March 2012.