Key Details:

Investment Highlights:

  • 1.1Moz gold JORC Code-reported Mineral Resource at Wa Gold Project, NW Ghana
  • 100% of 3,100km2 licences hosting over 150km of prospective Birimian greenstone belt. Less than 10% explored
  • Feasibility Study underway for multi-pit 1.0Mtpa mining and gravity / CIL operation
  • Large pipeline of drill-ready targets
  • Aggressive multi-rig exploration programmes focused on resource inventory increase
  • Board and management team of successful explorers, mining and corporate professionals

Issued Capital:
214.40M ord. shares
12.50M unlisted options

Directors & Management:

Chairman:
   Michael Atkins

Managing Director:
   Stephen Stone

Non-Executive Director:
   Geoff M Jones

Project Study Manager:
   Alan Thompson

Company Secretary:
    Dennis Wilkins

Contact details:

Stephen Stone
Mb: +61 (0) 418 804 564
stone@azumahresources.com.au

Suite 1, 2 Richardson Street
West Perth WA 6005
Tel: +61 (0)8 9486 7911
Fax: +61 (0)8 9481 4417

Wa Gold Project, Ghana

Watch our Wa Gold Project fly-through movie

The Wa Gold Project is located in northwest Ghana, West Africa, and covers a total land holding of 2,857 km2, including over 100km of strike of prospective Birmian greenstone belt - a geological setting known to host world class gold deposits throughout Ghana and West Africa.

The Wa Gold Project contains a JORC compliant Indicated and Inferred resource of over 1.1 million ounces of gold - including 516,000 ounces at the Kunche deposit, 350,100 ounces at the Julie deposit and 212,000 ounces at Bepkong.

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.
  • Large-scale and project-wide 40,000m RC and RAB / Aircore drilling campaign in progress.
  • Considerable exploration upside, with numerous defined targets and untested geochemical gold anomalies.

Resource Statement

As at 24 March 2010

Wa Gold Project – Updated Statement of Combined Mineral Resource Estimates

Resource Statement

Please see our March 24, 2010 ASX Announcement for more information.

Figures

Azumah's Strategic Licence Position in Ghana's Emerging North West Gold Province
Azumah's Strategic Licence Position in Ghana's Emerging North West Gold Province

Regional Africa
Regional Africa