Business
/R E P E A T -- Azumah Lifts Resources At Wa Gold Project/
ASX / TSX & M edia Release ASX Code - AZM TSX Code - AZR www.azumahresource...
About this update from Azarga Metals Corp.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nASX / TSX & Media ReleaseASX Code - AZMTSX Code - AZRwww.azumahresources.com.au\n\n\n \n\n\nInvestment Highlights: \n\n\nNI 43-101 and JORC Code reportable 1.02Moz  Measured & Indicated and\n 0.66Moz Inferred Mineral Resource at Wa Gold Project, NW Ghana \n\n100% of 3,100km2 licences hosting over 150km of prospective Birimian greenstone belt.\n  Less than 10% effectively explored \n\nFeasibility Study nearly completed for multi-pit, +1.0Mtpa, <100,000oz\n per year mining and gravity / CIL operation\n\nAggressive $20M, 2012 drilling programme focused on resource discovery\n and increase\n\n17% strategic investment in neighbour, Castle Minerals Limited \n\nBoard and management team of successful explorers, mining and corporate\n professionals \n\nIssued Capital: \n\n\n333.6M ordinary shares9.5M unlisted options2.0M performance rights\n\n\nDirectors & Management:\n\n\nChairman: Michael Atkins\n\n\nManaging Director: Stephen Stone\n\n\nNon-Executive Director: Geoff M Jones\n\n\n\n\n\nCompany Secretary: Dennis Wilkins\n\n\nTORONTO, March 11, 2012 /CNW/ -\n\n\n\n\n\nMeasured and Indicated Mineral Resources increased by 57% to 1,016,000oz\n\n\nInferred Mineral Resources increased by 27% to 659,000oz\n\n\nSummary (0.5g/t Au Cut-Off):\n\n\n5.19Mt @ 1.89g/t Au for 315,000oz (Measured)\n\n\n14.54Mt @ 1.50g/t au for 701,000oz (Indicated)\n\n\n14.76Mt @ 1.39g/t Au for 659,000oz (Inferred)\n\n\nClassification and Mineral Resource upgrade reflects infill drilling,\n exploration success and revised cut-off grade\n\n\nAll three key deposits include shallow, higher-grade mineralisation to\n support annual production head grades of +/-2.0g/t Au.\n\n\nAll deposits remain open at depth\n\n\nPit optimisations and production schedules advancing ahead of maiden\n estimate of Mineral Reserves - expected in Q2 2012\n\n\nDrilling for planned mid-year resource update underway at Kunche,\n Bepkong and new Aduane target\n\n\nSeveral other targets being developed for drilling \n\n\n$33 million cash and listed investments\n\n\n$20 million earmarked for 2012 exploration\n\n\nAzumah Resources Limited (ASX: AZM)(TSX: AZR) is pleased to report an\n expansion in Mineral Resources to 1,016,000 ounces Measured and Indicated and 659,000 ounces Inferred gold plus a substantial upgrade in the classification of all maj...