• 38.15m at 6.62g/t Au from 30m (BRCD038), including 4m at over one ounce of gold per tonne • 20m at 6.00g/t Au from 104m (BRC080)
West African gold explorer Azumah Resources Limited (ASX: AZM) is pleased to announce further outstanding gold intersections from the recently completed reverse circulation (RC) and diamond drilling programme at the Bepkong Prospect, located 2km north of the Company’s 516,000oz indicated and inferred Kunche resource, within its 100%-owned Wa-Lawra Gold Project in north-west Ghana.
A diamond drill core extension to BRCD038 - previously reported to have intersected 26m at 6.90g/t gold including 8m at 15.35g/t gold from 28m - has substantially increased the mineralised intersection to 38.15m at 6.62g/t gold from 30m, including 26m at 8.68g/t gold from 30m and 4m at 36.42g/t gold from 31m – over one ounce of gold per tonne (based on 1m RC and ½ NQ diamond core sample assay intervals).
Six new RC holes drilled to extend or test continuity of mineralisation and assist with geological interpretation returned some excellent intersections (Figure 1, Table 1), including:
• 20m at 6.00g/t gold from 104m - incl. 8m at 12.81g/t gold from 112m (BRC080) • 36m at 2.42g/t gold from 76m - incl. 8m at 5.66g/t gold from 96m (BRC085) • 52m at 1.62g/t gold from 64m – incl. 8m at 3.92g/t gold from 72m (BRC086)
Initial JORC out next month for Bepkong to add to Kunche which should take it close to 1m oz.
Way undervalued.
GM:
"Even with just the present Kunche gold resource, the market capitalisation of Azumah per ounce of gold resource - after subtracting its present cash - is well below the benchmark for other companies at a similar stage in the exploration cycle, so Azumah must represent one of the best value junior gold explorer investments available right now,” Mr Stone continued.
AZM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
