West Perth-based Azumah Resources' (ASX: AZM) recently released RC and diamond drilling results prompted Executive Chairman Stephen Stone to predict that Bepkong may come in at a higher overall grade than the 516,000-ounce Kunche resource.
Intersections found 26m at 6.9g/t gold including 8m at 15.35g/t gold (from 28m), 40m at 3.45g/t gold including 20m at 5.45g/t gold (from 4m), and other composited samples leading to hopes within Azumah that their proposed open-pit mine might reveal richer gold seams with a more detailed JORC assessment.
Azumah executives will have to wait a couple of weeks for the assay results from the individual 1m samples taken from the mineralised zones and the diamond core extensions to four RC holes. For now their primary drilling objective is to make the Bepkong project ready for an initial Joint Ore Reserves Committee Code compliant resource in August 2008. Nonetheless, Stone thinks that would still be a great advance considering the site was only discovered in December 2007.
Azumah also reports the possibility of two parallel mineralisation systems at Bepkong and have decided to drill another six RC holes to find out if they can extend Bepkong's gold mineralisation further to the north to try and push the prospect's resources higher.
Bepkong is one of a series of targets being scrutinised by Azumah, who plan to announce drilling results and resource upgrades from its other prospects Kunche East, Basible and Kuo in the second half of 2008. The company has hopes to prospect their relatively unexplored 2,800 sq km land holding includes over 100km of strike made up of Birmian greenstone belt.
All of this could achieve Azumah Resources' desired target of 1 million ounces of near-surface gold resources for the end of the year, according to Stone. He noted the company's steadily growing confidence in achieving their objective, adding that the project's gold mineralisation at Bepkong is still open at 80m depth.
Recently Stone raised his stake in Azumah to 5.7% by buying an extra three million shares in the company, lifting his overall holdings to 4.63 million shares. Stone cited the Wa-Lawra project as the underlying reason for his increased stake.