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27 January 2017

West African Awarded Mining Permit

27 January 2017

On the 19th January 2017, Gold developer West African Resources Limited (ASX, TSXV: WAF) announced that the Council of Ministers of the Government of Burkina Faso has approved its mining permit application for the Sanbrado Gold Project (formerly known as Tanlouka Gold Project), Burkina Faso. This announcement follow the milestone reached when West African resources reported on the 8th December 2016, that it has received environmental approval for the Tanlouka Gold Project from Burkina Faso Government. The approval of the Environmental and Social Impact Assessment (ESIA) from the Burkina Faso Ministry of the Environment, Green Economy and Climate Change opened the way for completion of final stages of the permitting process for Tanlouka.

With the approval of Mining Permit Application, the Project name was changed to Sanbrado Gold Project. The feasibility study is on track for delivery Q1 2017. The Sanbrado DFS is nearing completion and will be reported along with a NI 43-101 technical report in Q1 2017.

Receipt of the mining permit enables development of the Sanbrado Project to proceed on schedule. Construction activities are expected to begin in late 2017 following completion of project financing.

Managing Director Richard Hyde commented: “We are delighted to announce the Company has now completed the permitting process, and can focus on completing the Feasibility Study, and commencing development of the Sanbrado Gold Project. We thank the government of Burkina Faso and local stakeholders for their support.‚ÄĚ

Earlier, on 20th December 2016 the company announced  completion of resource update drilling for Feasibility Study and reported results received for shallow RC drilling that was returning a number significant shallow intercepts around historic artisanal workings. Especially, high-grade RC results from the M1 prospect were obtained with intercepts at M1 South including 3m at 16.5 g/t Au from 32m, 23m at 1.9 g/t Au from 8m and 10m at 2.5 g/t Au from 19m.

  This West African completed shallow RC resource drilling was made for resource update, and will upgrade resources material from Inferred to Indicated category.

Highlights on theses drilling results emphasized on M1 prospect drilling at Depth with TAN16-DD077A which is the deepest result to date, ended in mineralisation at 300m and since was extended to 399m. At M3 prospect, Shallow Resources drilling has been completed aiming to upgrade shallow oxide mineralisation, currently all contained in the Inferred category, to Indicated category.  Significant results for this RC drilling program Results were reported at cut-off point for resources estimation studies for M1, M3 and M5, feeding into the DFS that is due for completion in Q1 2017.

 Resource estimation studies are also significantly advanced and will be reported in Q1 2017 along with the DFS for Tanlouka (now Sanbrado).

‚ÄúResource estimation studies are currently in progress and will incorporate these new results.¬† We are on track to deliver the open pit feasibility study for Tanlouka in Q1 2017.‚ÄĚ Stated Richard Hide.

Figure 1: Tanlouka Gold Project ‚Äď Mineralised Trends and Prospect Locations

Figure 1: Tanlouka Gold Project ‚Äď Mineralised Trends and Prospect Locations

Figure 2:  M1 South Section SE0450

Figure 2: M1 South Section SE0450

 For further information contact:

Richard Hyde                      Nathan Ryan

Managing Director           Investor Relations

Ph: 08 9481 7344                Ph: 0420 582 887

Email: info@westafricanresources.com                                                                 

27 January 2017

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27 January 2017
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