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Azumah begins 40,000-meter drilling program at Wa gold project

Azumah Resources Ltd. kicked off a 40,000-meter drilling program at its Wa gold project in Ghana, according to a Nov. 12 release.

The A$4 million multi-target campaign seeks to lift the project's gold resources that currently stand at 2.5 million ounces, and reserves that total 624,000 ounces.

Drilling will particularly focus on the extent of mineralization at the Kunche, Bepkong and Julie deposits, which could provide the option of adding underground production to the life-of-mine development plan.

Ibaera Capital Fund LP can earn up to 47.5% of the Wa property under a 2017 agreement, while the government holds a 10% free-carried interest and a royalty.