Monday, August 30, 2010Azumah Resources looks to boost gold...

Monday, August 30, 2010
Azumah Resources looks to boost gold resources at Wa Project

Azumah Resources (ASX: AZM) has reported that drilling has extended the known mineralisation at its Julie and Collette deposits and confirmed a totally new zone of mineralisation to the south west of Collette, located within its Wa Gold Project in Ghana.

The discovery of more gold at the Julie deposit is paving the way for an increase in the deposits current 350,100oz resource. The Maiden resource estimate at the Collette deposit is nearing completion with recent drilling highlighting possible depth extensions.

Drilling confirms mineralisation in structure trending south west from Collette and there have been promising results from first pass drilling at Kjersti prospect.

Further announcements are imminent with more than 2,500 samples awaiting assay. In addition, a 20,000 line kilometre, high-resolution aeromagnetic and radiometric geophysical survey has been completed.

Stephen Stone, managing director, said the latest results would strengthen Azumahs push to increase the current 1.1 million-ounce resource and the development of an initial 70,000 ounces a year gold operation.

The Julie deposit continues to exceed our early expectations and there is every likelihood that this resource will be increased, Stone said.

A maiden resource is now being calculated for Collette and Kjersti is showing early promise.

At the eastern end of the Julie trend step-out RC drilling, targeting multiple north-south trending mineralised quartz veins intersecting the main east-west mineralised structure, identified shallow high-grade mineralisation.

This has added some 100m strike length to mineralisation outside the existing preliminary optimised pit shell. This drilling also confirms that the Julie mineralisation remains open along strike in this direction.

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http://www.proactiveinvestors.com.au/companies/news/9664/azumah-resources-looks-to-boost-gold-resources-at-wa-project-9664.html