West African Resources is making significant strides in gold mining, with its latest findings at the Sanbrado gold operation in Burkina Faso turning heads in the industry. According to a recent announcement from the ASX-listed company, the diamond drilling campaign has unveiled impressive high-grade gold mineralization in the M1 South (M1S) Main Deeps Resource.
Chairperson Richard Hyde shared some fantastic news with investors, noting exceptional intercepts such as 36 meters at a remarkable 11.1 grams per tonne (g/t) gold and another impressive 11 meters at a staggering 31.2 g/t gold. The ongoing drilling operations continue to uncover extensive deposits of high-grade mineralization beneath the existing ore reserves, showcasing the potential for even greater returns in the future.
This drilling campaign, which is expected to wrap up by the year’s end, is set to provide vital information for an updated mineral resource estimate and ore reserves due for release in the first quarter of 2025. Hyde expressed enthusiasm about the results, stating, “Infill drilling at M1 South continues to intercept high-grade gold mineralisation that aligns exceptionally well with the current geological model.”
Looking ahead, West African Resources is optimistic about its production capabilities, projecting an impressive output of 4.2 million ounces over the next decade. Production is expected to peak in 2030 at a remarkable 494,000 ounces yearly. With current unhedged resources estimated at an eye-catching 12.8 million ounces, the company is strategically positioned for future growth.
The optimism surrounding the Sanbrado project is a testament to Burkina Faso’s emergence as a prominent player in the global gold mining arena, contributing to the positive economic outlook of the region. This development not only boosts investor confidence in West African Resources but also highlights the potential for sustainable growth and job creation in Burkina Faso’s mining sector.
As the gold market continues to thrive, the exploration and extraction activities in Burkina Faso are bound to have a ripple effect, impacting other African nations interested in tapping into their mineral wealth.
Stay tuned as we follow the developments in this exciting sector. In the meantime, you can expect more insightful articles on mining innovations and the broader economic implications for African countries engaged in resource extraction.
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