(Ecofin Agency) - West African Resources Ltd, gold company with a double listing, announced on 8^th September having discovered, at shallow depth, a high gold content oxide mineralisation in the Mankarga 3 prospect in the Tanlouka licence.

The first reverse circulation drilling programme revealed a content of 5.02g/t on 32m in this mineralisation which should “improve the already robust economic feature of the start project for Mankarga 5”, explained Ruchard Hyde, Managing Director of West African Resources.

The new discovery is located less than 2km from the Mankarga 5 deposit, he added, scheduling for October the start of the drilling monitoring programme.

According to Richard Hyde, the feasibility study for Mankarga 5 will be postponed to the 4^th quarter 2015 in order to allow the integration of new oxide resources from Mankarga 1 and 3 in the inventory of resources and in the mining plan.

The Mankarga 5 deposit holds 32.7 million tons of resources at 1g/t of gold with 1.05 million ounces of gold. The company listed on ASX and TSXV is planning to operate a low-cost production by lixiviation of an average of 69,000 ounces of gold per year over the first three years starting from 2016.

Mankarga is an area of important gold mineralisation in the Tanlouka licence, with West African Resources holding 90% of shares, and which is included in the bigger Boulsa project, having 25 contiguous licences of 6,370 km2 in Burkina Faso.