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AZUMAH RESOURCES LIMITED

ASX: AZM

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Azumah Resources Limited (ASX: AZM) 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 compliant Indicated and Inferred resource of 1.2 million ounces of gold - including 516,000oz at the Kunche deposit, 350,100 ounces at the Julie deposit and 212,000oz at Bepkong.

Azumah is solidly on track to become a West African gold producer in 2013, 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 resource at the Kunche deposit of 8.5 million tonnes @ 1.9g/t gold for 516,000 ounces, with the mineralisation remaining open in all directions.


* Initial metallurgical results indicate recoveries of over 90% on typical resource-grade Kunche 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.


* Gold resource at the Julie deposit of 4.9 million tonnes @ 2.2g/t for 350,100 ounces.


* Gold resource at the Bepkong deposit of 2.97 million tonnes @ 2.2g/t gold for 212,000 ounces, with mineralisation remaining open to the north and at depth.


* Maiden gold resource at the Colette deposit of 909,000 tonnes @ 2.1g/t for 60,600 ounces, with mineralisation remaining open-ended.


* High-grade near-surface and deeper gold intercepts from the 2km zone separating the Kunche and Bepkong deposits, including 1m at 143.0g/t gold from 106m.


* Several advanced-stage, drill confirmed targets with strong potential for near-term, low-cost, near-surface resource delineation.


* $15 million, 250,000m drilling programme for 2011 is on track.


* Considerable exploration upside, with numerous defined targets and untested geochemical gold anomalies.


* Working capital and market investments of $25.3M as at 27 July 2011.

Mine For

gold

Location of operation(s)

Ghana

Address

20 Kings Park Road
WEST PERTH, WA, AUSTRALIA

Phone

08 9486 7911

Email

Website


Last Updated

3/8/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.