Mining

Burkina Faso: M1 South and M5 deposits hold more gold than estimated previously

Monday, 30 October 2017 17:44

According to new estimates, the M1 south deposit currently holds 1.2 million tons of indicated resources grading at 14.4 g/t Au (for 556,000 oz) and 0.41 million tons of inferred resources, grading 14.4 g/t Au (191,000 oz).

Meanwhile, resources of the M5 deposit rose by 40% now valued at 35.9 million tons, grading 1.3 g/t Au (1.46 million oz) for indicated resources, and 12 million tons grading 1.1 g/t Au (410,000 oz) for inferred resources.

“The results show that Sanbrado gold project is a leading gold development project in West Africa. We expect to deliver a further resource update in the first quarter of next year, ahead of the completion of an updated feasibility study in mid-2018,” said Richard Hyde, MD of West African Resources.

The Sanbrado project is fully (100%) held by West African Resources who obtained last January, an operating license for the mine. 

Louis-Nino Kansoun

On the same topic
Authorities are probing a leak on a pipeline linked to the Al-Sharara field The fire was contained with no casualties and production remains...
Nearly 90% of Kenya’s electricity comes from renewable sources Access to electricity has risen sharply, reaching 79% in 2025 The growth of...
Pancontinental Energy extends its PEL 87 offshore permit in Namibia by 12 months, valid until January 2027. The company must complete an...
Stanlib Asset Management raises 5 billion rand ($295 million) in the first close of its Khanyisa fund for clean energy. Fund already invests in 14...
Most Read
01

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
02

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
03

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
04

ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...

ECOWAS Considers Regional Platform to Enforce Air Passenger Compensation
05

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.