WEST AFRICAN RESOURCES - ASX: WAF

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Description

West African Resources Limited is a gold resource company dedicated to creating shareholder value through the acquisition, exploration and development of resource projects in Burkina Faso, West Africa.

West African was incorporated in 2006 and listed on the Australian Securities Exchange in June 2010. West African is now the largest ASX-listed landholder in Burkina Faso.

,b>Boulsa Gold Project (Burkina Faso) (100% West African Resources Ltd)

The Boulsa Gold Project in Burkina Faso covers 6,165 km2 and 185km strike length of early Proterozoic Birimian greenstone belts which are highly prospective for gold mineralisation.

Significant results have already been returned from the project, which is located immediately along strike from the emergent 3.5Moz Au Bomboré Deposit. Most recent results from drilling at Boulsa include 28m at 9.22g/t Au making it a high-grade gold discovery.

Recent auger geochemical sampling also completed by West African Resources tested 25km of greenstone belt strike in the southwest portion of the project, representing less than 10% of the current project area. This work has delineated 25 robust targets, many coincident with artisanal mining activity at the Moktedu Trend and Meguet Trend target areas. These targets total 30km strike of anomalies and will be rapidly advanced in 2011.

Exploration by West African Resources has defined other targets within the current Boulsa Gold Project area. These areas include:-

Boudry-Tanguin - located in the southwest corner of the project area, defined by high grade results from quartz float including peak values of 54.4g/t Au and 135.5g/t Au, and rockchip sampling of outcropping quartz veins of 66.7g/t Au, 13.3g/t Au, 3.23g/t Au. Geological mapping indicates the stockwork vein system may extend over 800m.

Ziga - located in the northwest corner of the project area. Grab sampling of quartz float returned high grade results up to 26.54g/t Au and continuous rock chip sampling of outcropping quartz veining returned 9.6m at 2.26g/t Au. Geological mapping indicates that gold mineralisation was associated with quartz stockworks within silicified amphibolites.

Marandet Uranium Project

The Marandet Uranium Project is located in northern Niger, 750km northeast of the capital Niamey, and 75km southwest of the town of Agadez. The project covers an area of 1,000km2 of licence applications and is 100% owned by Wura Uranium Resources Pty Ltd, a wholly owned subsidiary of West African Resources Ltd.

The Marandet Project is situated in the Tim Mersoï Basin, a sub-basin of the extensive Iullemeden Basin (Palaeozoic-Tertiary) developed on the Precambrian West African Shield basement. Uranium mineralisation in the Tim Mersoï Basin occurs at several stratigraphic levels, and generally immediately adjacent to the Arlit Fault. Importantly, the Marandet Project straddles the southern extension of the Arlit Fault, which is a major north trending structure situated to the west of the Air Massif and known to be a dominant controlling structure for uranium mineralisation in the region.

The Arlit Fault is closely associated with major deposits including Arlit, Akouta and Imouren. The project area also covers the contact between the Irhazer and Tegama sediments, which is a prospective stratigraphic horizon, known to host significant uranium mineralisation at In Gall and Tin Negourane. The Marandet Project has been selected for both the stratigraphic potential (Irhazer-Tegama contact) and structural setting (southern extension of the Arlit Fault).

Mine For

gold, uranium

Location of operation(s)

Burkina Faso

Address

Unit 14, 531 Hay Street
SUBIACO, WA, Australia

Phone

+61 (8) 9481 7344

Email

Website

http://www.westafricanresources.com/

Last Updated

8/11/2011