Welcome to Azumah Resources
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 over 1.1 million ounces of gold - including 516,000oz at the Kunche deposit, 350,100 ounces at the Julie deposit and 212,000oz at Bepkong.
Azumah has also committed to stepping up its exploration activities ahead of the completion of a feasibility study by the end of 2010.
Azumah's aim is to upgrade this initial resource base to underpin plans to establish an initial 70,000 ounce a year operation and to expand this to over 100,000 ounces a year.
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.
- Several advanced-stage, drill confirmed targets with strong potential for near-term, low-cost, near-surface resource delineation.
- Approved 250,000m drilling program for 2010 – 2011. On track to exceed 100,000m drilling target
in 2010
- Considerable exploration upside, with numerous defined targets and untested geochemical gold anomalies.