(Ecofin Agency) - West African Resources Ltd, a developing company focused on gold, has come across, at a shallow depth, an oxide mineralisation at 1.5g/t of gold in a historical mining quarry in the Mankarga1 project of its Tanlouka permit in Burkina Faso.

The mineralisation was cut through in two holes of its reverse circulation drilling program which is completed at 15%, specified the mining company on 14 July.

The company listed on two stock markets explained that the results of the drilling will be added to the feasibility study currently being undertaken and that they should improve the economic parameters of the project.

The drilling holes led to quartz veins which showed gold-bearing contents of respectively 1.5g/t on 8m and 1.3g/t on 6m in an old artisanal gold mining area in the Mankarga1 project.

Mankarga1 is a long mineralisation of 1.5km with gold-bearing contents peaking at 3.85 grammes per metric ton, located next to the Mankarga5 deposit containing 32.7 million metric tonnes of ore at 1g/t Au with 1.05 million ounces of gold.

On Mankarga5, West African forecasts a low-cost production by leaching of on average 69,000 ounces of gold per year for the first three years starting from 2016.

The Mankarga 5 and 1 projects are located on the Tanlouka permit, included in the bigger Boulsa project, covering 25 continuous permits of 6,370 km2 in Burkina Faso.