Semafo on target at Ghanaian property

Montreal-based West African Mining Exploration (SMF-T) reports that an ongoing prefeasibility study has confirmed the presence of oxide and sulphide gold mineralization at the Teleku-Bokazo property in Ghana.

At the property, in which West African Mining (also known as Semafo) can earn a 100% interest, the revised drill-indicated resource stands at 2.8 million tonnes grading 1.77 grams gold per tonne, equivalent to 249,500 contained ounces. Of this total, the oxide portion constitutes 1.7 million tonnes at 2.59 grams gold, or 145,300 contained ounces, based on a cutoff grade of 1 gram per tonne. The sulphide portion works out to slightly more than 1 million tonnes at 3.06 grams gold, or 104,200 contained ounces, based on a cutoff of 1.5 grams.

The company notes that the above estimates only take into account data down to a vertical depth of 70 metres, even in cases where mineralization has been reported as far down as 250 metres.

Diamond drilling is testing a zone of primary sulphide-associated gold mineralization that underlies an oxide zone previously identified by trenching and reverse-

circulation drilling. The main focus of this work is a southeastern portion of the 1,000-metre-long Anwia geochemical anomaly, which strikes northwest-southeast.

The company plans to test three deep-seated mineralized shoots in the next phase of drilling.

Semafo is also a major player in neighboring Burkina Faso, with interests in 14 properties covering more than 10,000 sq. km. Although most of these properties are still at the grassroots stage, three have been targeted for reverse-circulation drilling.