News

March 11, 2010

Azumah’s Wa Project In Ghana Has Multi-Million Ounce Potential

By Nadia Cavallaro

Recent drilling results from Azumah have given managing director Stephen Stone yet more encouragement as the company accelerates work on its feasibility study on the Wa gold project in Ghana. There’s currently just over 754,000 ounces booked at Wa from two deposit on the Wa licence – Kunche and Bepkong. But the company has recently been drilling up two new prospects called Colette and Julie, and among the best results have been intersections of four metres at 17.58 grammes per tonne gold, and 17 metres at 4.38 grammes per tonne. “These recent results confirm what we always said, that it’s early days, but clearly the Wa Gold Project has multi-million ounce resource potential”, Azumah’s managing director Stephen Stone told Minesite. A maiden JORC resource for Julie is due by the end of this month.

“Our primary focus is to delineate a critical mass of resources to underpin a mine development decision and get the mine up and running,” he added. The ASX-listed company is planning to have the feasibility study completed by the end of this year and to bring the mine into production by the end of 2011.  The open pit mine, with an initial mine life of upwards of seven years, will start producing at around 70,000 oz per year and will be swiftly upgraded to 100,000 ounces, Stone said. ...