Press Release

30th March 2017 West African confirms underground potential at M5 77m at 5.3 g/t Au including 27m at 12.3 g/t Au from 352m

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report high-grade diamond drilling results from the M5 prospect, at its 100%-owned Sanbrado Gold Project, Burkina Faso.

Highlights
  • High-grade results from depth at the south-western end of M5;
    • 42m at 3.89 g/t Au including 2m at 27.47 g/t Au and 14m at 5.41 g/t Au from 176m
    • 77m at 5.30 g/t Au including 27m at 12.26 g/t Au and 30m at 2.4 g/t Au from 352m
  • Diamond drilling at M1 intercepts multiple zones of visible gold - assays pending (see photos);
  • New results to be included in resource & reserve update in Q3 2017
  • Optimised feasibility study including open-pit and underground mining on track for Q3 2017
  • Two contractor rigs currently drilling at M1 South, two company-owned rigs operating at M5
  • Two additional contractor rigs secured - mobilising to site
  • Well-funded to complete all work programs

Managing Director Richard Hyde commented:

"TAN17-DD102 has returned a spectacular result of 27m at 12.3 g/t Au, within a larger zone of 77m grading 5.3 g/t Au, which confirms the underground potential of the extensive 2.5km M5 gold system.

"Deep drilling at the south-western end of M5 continues to return thick zones of higher grade gold mineralisation beneath the existing reserve pit shells.

"Two additional contract rigs have been secured and are being mobilised to site to accelerate the drilling programs at M1 and M5.

"Results will be included in the optimised feasibility study in Q3 2017."

M5 Resource and Extensional Drilling

Results for TAN17-DD102 on section SW650 have returned outstanding results including 27m at 12.26 g/t Au including 14m at 22.47 g/t Au and 30m at 2.39 g/t Au, within a larger zone of 77m at 5.30 g/t Au from 352m. This result is located more than 100m down dip of previous mineralisation on the section and confirms the underground potential for the extensive mineralised gold system at M5.

Principal Office: 14 Southbourne Street, Scarborough WA 6019, Western Australia

T: + 61 8 9481 7344 F: + 61 8 9481 7355 E: info@westafricanresources.com www.westafricanresources.com ACN: 121 539 375

TAN17-DD101 on section SW800 has returned strong results including 42m at 3.89 g/t Au from 176m, 50m beneath the existing $1200/oz reserve pit shell. Given the elevated grade exhibited in TAN17-DD101, and the recent higher grade reported (22/3/2017 ASX, TSXV) in TAN17-DD094 (SW750) and TAN17-DD097 (SW700) it is expected that updated resources will have a positive impact on M5 open pit reserves and will result in extending the open pit depth in the southern portion of the M5 deposit. Zones of gold mineralisation intercepted are generally higher grade than the surrounding resource block grades. Significant results from depth at the southwestern end of M5 include:

 TAN17-DD101 42m at 3.89 g/t Au including 2m at 27.47 g/t Au and 14m at 5.41 g/t Au from 176m

 TAN17-DD102 77m grading 5.3 g/t Au including 27m at 12.26 g/t Au and 14m at 22.47 g/t Au from 352m; and

 TAN17-DD102 30m at 2.39 g/t Au from 399m

 TAN17-DD103 3m at 4.28 g/t Au from 20m

Photo 1: TAN17-DD102 - Visible gold at 370.4m, section SW650 at M5 returned 196.9 g/t Au 1 cm

Full results for the gold mineralisation in TAN17-DD102 are presented below Table 1.

Table 1: TAN17-DD102 Section SW650 M5 (End of Hole 477m)

HoleID

From

To

Sample Id

Au g/t

Notes

HoleID

From

To

Sample Id

Au g/t

Notes

TAN17-DD102

350

351

237049

0.06

TAN17-DD102

397

398

237105

0.15

TAN17-DD102

351

352

237050

0.27

TAN17-DD102

398

399

237106

0.27

TAN17-DD102

352

353

237051

0.77

27m at 12.26 g/t Au including 14m at 22.47 g/t Au

TAN17-DD102

399

400

237107

0.65

30m at 2.39 g/t Au

TAN17-DD102

353

354

237052

1.49

TAN17-DD102

400

401

237109

6.17

TAN17-DD102

354

355

237053

0.68

TAN17-DD102

401

402

237110

0.09

TAN17-DD102

355

356

237054

0.10

TAN17-DD102

402

403

237111

0.51

TAN17-DD102

356

357

237055

2.39

TAN17-DD102

403

404

237112

0.06

TAN17-DD102

357

358

237057

1.21

TAN17-DD102

404

405

237113

0.59

TAN17-DD102

358

359

237058

1.57

TAN17-DD102

405

406

237114

0.40

TAN17-DD102

359

360

237059

0.93

TAN17-DD102

406

407

237115

3.14

TAN17-DD102

360

361

237062

3.29

TAN17-DD102

407

408

237116

0.27

TAN17-DD102

361

362

237063

0.68

TAN17-DD102

408

409

237117

3.58

TAN17-DD102

362

363

237064

0.50

TAN17-DD102

409

410

237118

3.44

TAN17-DD102

363

364

237065

7.84

TAN17-DD102

410

411

237119

0.72

TAN17-DD102

364

365

237066

2.67

TAN17-DD102

411

412

237122

0.28

TAN17-DD102

365

366

237067

4.59

TAN17-DD102

412

413

237123

3.07

TAN17-DD102

366

367

237068

3.14

TAN17-DD102

413

414

237124

0.77

TAN17-DD102

367

368

237069

0.82

TAN17-DD102

414

415

237125

1.50

TAN17-DD102

368

369

237071

27.40

TAN17-DD102

415

416

237126

0.51

TAN17-DD102

369

370

237072

9.52

TAN17-DD102

416

417

237127

1.27

TAN17-DD102

370

371

237073

196.90

TAN17-DD102

417

418

237128

1.15

TAN17-DD102

371

372

237074

18.28

TAN17-DD102

418

419

237129

10.76

TAN17-DD102

372

373

237075

0.92

TAN17-DD102

419

420

237130

0.37

TAN17-DD102

373

374

237076

0.30

TAN17-DD102

420

421

237131

22.06

TAN17-DD102

374

375

237077

0.26

TAN17-DD102

421

422

237132

0.33

TAN17-DD102

375

376

237078

17.26

TAN17-DD102

422

423

237133

0.71

TAN17-DD102

376

377

237079

24.63

TAN17-DD102

423

424

237134

0.21

TAN17-DD102

377

378

237082

0.65

TAN17-DD102

424

425

237135

0.29

TAN17-DD102

378

379

237083

2.33

TAN17-DD102

425

426

237136

2.85

TAN17-DD102

379

380

237084

0.36

TAN17-DD102

426

427

237137

0.98

TAN17-DD102

380

381

237085

0.02

TAN17-DD102

427

428

237139

3.70

TAN17-DD102

381

382

237086

0.03

TAN17-DD102

428

429

237142

1.18

TAN17-DD102

382

383

237087

0.02

TAN17-DD102

429

430

237143

0.05

TAN17-DD102

383

384

237088

0.01

EOH 477m

TAN17-DD102

384

385

237089

0.01

TAN17-DD102

385

386

237090

0.08

TAN17-DD102

386

387

237091

0.36

352m to 429m: 77m at 5.30 g/t Au including waste zones

TAN17-DD102

387

388

237092

0.53

TAN17-DD102

388

389

237093

0.40

TAN17-DD102

389

390

237095

0.64

TAN17-DD102

390

391

237096

2.33

TAN17-DD102

391

392

237097

0.03

TAN17-DD102

392

393

237098

0.06

TAN17-DD102

393

394

237099

0.06

TAN17-DD102

394

395

237102

0.01

TAN17-DD102

395

396

237103

0.05

TAN17-DD102

396

397

237104

0.08

M1 Drilling at Depth

As reported last week, both contract drill rigs are working at M1 South. Drilling is focussing on the highest grades at the southern end of the M1 South deposit, targeting results open at depth from the 2016 drilling program including 5m at 30.28 g/t Au and 14m at 11.82 g/t from 216m from TAN16-DD063. Assays are pending for 3 holes. The current summary of expected zones of mineralisation and visible gold (VG) are:

Section SE0450

 TAN17-DD104 - mineralised zone 285-325m, predicted high grade 293-298m (VG 295-296.5m and 315.7-316m)

 TAN17-DD106 - mineralised zone 342-385m, predicted high grade 352-365m

 TAN17-DD110A - in progress, yet to intercept mineralised zone

Section SE0425

 TAN17-DD107 - mineralised zone 295-344m, predicted high grade 295-300m (VG 296-299.5m), 311-325m and 331-344m (VG 332.3-335.5m)

 TAN17-DD109 - main mineralised zone 349-395m, predicted high grade 349-354m (VG 350- 351.6m), predicted high grade 369-376m (VG 369.8-371.4m)

Photo 2: TAN17-DD107 - Visible gold at 298m section SW425 at M1

West African Resources Limited published this content on 30 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 March 2017 22:44:19 UTC.

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