🕐01.02.10 - 06:42 Uhr
Azumah Resources - Azumah completes acquisition of three new licences
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AZUMAH RESOURCES - AZUMAH COMPLETES ACQUISITION OF THREE NEW
LICENCES
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AZUMAH COMPLETES ACQUISITION OF THREE NEW LICENCES
WA GOLD PROJECT, GHANA
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Download the full announcement including figures and tables.
Licences include the Julie and Collette prospects where drilling
has intersected high-grade, near-surface gold mineralisation.
* Maiden resource estimation to be completed for Julie prospect
before end-March Quarter 2010.
* Azumah to issue Crew Gold Corporation 6,000,000 new ordinary
fully paid shares.
West African West African gold explorer Azumah Resources Limited
(ASX:AZM) is pleased to confirm that it has formally completed
the acquisition of three prospecting licences – which include the
Julie and Collette prospects at its Wa Gold Project, in the
emerging north west Ghana gold province (Figures 1 and 2).
Pursuant to Sale and Purchase Agreements entered into with Crew
Gold Corporation ("Crew") last year, an outstanding condition
precedent requiring the reassignment and registration by the
Ghana Minerals Commission of the Crew licences to Azumahs Ghana
subsidiary, Phoenix Gold Limited, has now been met and Azumah
will now issue 6,000,000 new ordinary fully paid Azumah shares to
Crew (refer to ASX releases dated 3rd March 2009 and 1st June
2009).
With the Crew deal, Azumah acquired an extensive and valuable
technical database that has provided an excellent platform for
Azumahs field work and recent drilling campaigns.
These
campaigns have already confirmed extensive structurally
controlled mineralised systems at the Julie and Collette
prospects, the presence of several other drill-ready targets and
an excellent gold prospectivity within the broader 300km2 licence
acquisitions..
Read more...
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